In commodity markets, there are few phenomena more feared than a corner. If a few traders become too dominant, they can at times set prices at will by withholding supply, driving values to ridiculous levels. That’s what happened when the Hunt brothers cornered the market in silver in 1980, sending it to prices that are still a record. In ...

  Last week’s surprisingly bad news on inflation — prices rose 8.6% in the year to May, the highest for 40 years — and the financial markets’ anxious reaction have seriously complicated the Federal Reserve’s job. With policy makers set to announce their latest interest rate decision along with projections for the rest of this year, the Fed’s prospects for ...

  Bloomberg Cathay Pacific Airways Ltd continues to experience a very high rate of pilot resignations, and may improve allowances and benefits to appease crew who took deep pay cuts to help Hong Kong’s flag carrier navigate its way through the city’s Covid-19 crisis. “We still have resignation rates at much higher levels than we’ve historically had,” Chief Operations and ...