Cocoa has outpaced the rise in the U.S. stock market and bitcoin, with prices for chocolate’s main ingredient having nearly tripled in 2024. The rally shows little signs of ending, with cocoa‘s 2023 to 2024 marketing year having ended with the biggest global supply deficit in 60 years, according to ING.
Trump taps pro-bitcoin Stephen Miran for key economic role
Miran, a pro-bitcoin advocate, will advise Trump on a range of important economic policies.
This is America’s ‘fatal flaw’ as the US bubble gets ready to pop, market expert warns
"When flying in such thin air, it doesn’t take much to stall the engines. All the classic signs of extreme prices, valuations and sentiment suggest the end is near."
A secretary turned $180 into $7.2 million by holding her employer's stock for 75 years
Grace Groner, a secretary at Abbott for over 40 years, built a huge fortune by holding her shares and reinvesting the dividends.
Trump Picks Miran to Head His Council of Economic Advisers
(Bloomberg) -- President-elect Donald Trump is nominating Stephen Miran to lead his Council of Economic Advisers, enlisting a former Treasury official who served in Washington during his first administration.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlif
The year that Wall Street got its swagger back
Big bank bosses have a lot to cheer about as 2024 comes to an end. Dealmaking is surging, and an era of looser regulations looms with a new administration about to take over the White House.
Why a housing market 'thaw' never came in 2024
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant: Sales of previously owned homes are poised to set the record for the worst year since 1995 for the second year in a row.