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  • Dec 19, 2024

Nestle Investor Says Stock Too Cheap After Worst Year on Record

(Bloomberg) -- Nestle SA’s slumping stock valuation has made it irresistible for money manager J. Stern & Co., which has been increasing its holdings in the face of widespread market concern about the pace of a turnaround at the Swiss consumer-goods giant.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Kn

  • Dec 19, 2024

Bitcoin Pullback Deepens as US ETFs Suffer Record Daily Outflow

(Bloomberg) -- A Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landmark in BuffaloThe price of the original cryptocurrency dropped as low

  • Dec 19, 2024

How a hedge fund exodus reshaped global cocoa markets

Behind a record surge in cocoa prices this year, a corner of financial markets that drives the cost of chocolate underwent a seismic shift: the hedge funds that oiled its workings headed for the exit. Confectionery prices, from candy bars to hot chocolate, are heavily influenced by futures contracts for cocoa beans. In the middle of last year, hedge funds - a class of investors that use privately pooled money to make speculative bets - started pulling back from trading cocoa futures because price swings in the market were raising their cost of trading and making it harder to make profits.

  • Dec 19, 2024

What are cocoa futures, and how do they work?

Futures markets have seen a record-breaking run in cocoa prices in 2024, a surge exacerbated by the hedge funds that provide much of their liquidity heading for the exit. Here are some facts on futures markets, including how they operate and the main players. Cocoa beans are the vital ingredient in chocolate.

  • Dec 19, 2024

Meloni Era Is Lifting Italy’s Curse of Forever Doubtful Markets

(Bloomberg) -- Giorgia Meloni keeps managing a feat that her predecessors as Italian prime minister long struggled with: earning ever greater trust from investors.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landmark in BuffaloAs the premier approaches the end of her second full year in

  • Dec 19, 2024

China's Hottest Stock Rockets 370% on Craze for Collectibles

(Bloomberg) -- In a Vanity Fair video last month, Lisa, a member of mega K-pop band Blackpink, shared her obsession with toys from Chinese company Pop Mart International Group Ltd. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalRescuing a Little-Known Modernist Landmark in Buffalo“I go crazy. It’s like I spent all my mone

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