Aluminum prices have more than doubled in the U.S. Midwest this year to their highest on record, and climbed to a 13-year high on the London Metal Exchange. That follows disruptions to global supplies of the metal brought on, in part, by COVID-related slowdowns, high transportation costs, U.S. import restrictions and labor shortages.
Shares of Microsoft Corp. rose Tuesday, to buck the selloff in the broader stock market, as investors expected the software behemoth to announce another dividend increase, possibly as soon as the next day.
The stock market is repeating a pattern of midmonth stumbles some analysts tie to options expiration. That dynamic could be underlined this week ahead of “quadruple witching,” the simultaneous expiration of individual stock options, stock-index options, stock-index futures and individual stock futures.
Oil futures settle little changed on Tuesday, holding ground at their highest level in about six weeks, as crude and natural-gas production concerns tied to Nicholas, which made landfall on the Texas coast as a hurricane, eased.
An L.A.-based entrepreneur is seeking to change the minds of the roughly 30% of Americans who are refusing COVID-19 vaccines with a new Public Service Announcement campaign, using real people who have been severely ill or lost loved ones to the pandemic.