China’s bull run may be over as investors pulled money out of the market, forcing the Shanghai Composite down 1.9% and Hong Kong’s Hang Seng Index down 2%. In Japan the Nikkei 225 Index was nearly flat.
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Some of the best reads for investors from around the Web, including posts evaluating how consumers spend their money, whether Google could be considered a monopoly and the debate about the Fed’s policy on quantitative easing.
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Intended or not, the Fed’s quantitative easing policies are destroying the dollar’s value. That’s pushing prices of commodities that Americans need — such as food, cotton and oil — ever higher. And it hurts companies as well …
Looking good isn’t going to get any cheaper.
Clothing makers plan to raise prices in 2011 as they struggle to absorb the impact of soaring cotton costs, The Wall Street Journal reported. It cites companies including Hanesbrands, Jones Group and VF as planing to raise prices by as much as 10%.
Cotton prices began to climb about a year ago. At first, retailers and manufacturers held…
Continue reading Clothing to Get More Expensive in 2011 as Cotton Prices Rise
Clothing to Get More Expensive in 2011 as Cotton Prices Rise originally appeared on DailyFinance on Wed, 03 Nov 2010 08:14:00.
Filed Under: Company News, Green, Retail, Market News
In Asia Wednesday Hong Kong’s Hang Seng tumbled 1.9% to 23,165 and China’s Shanghai Composite Index slid 1.5% to 2,997. In Japan the Nikkei 225 Index inched up 0.1% to 9,387.
Continue reading Asian Commodities …