NEW YORK (Reuters) -Coffee futures in New York rose more than 6% on Monday in the ICE exchange to a fresh all-time high above $4.30 per pound, with some market participants citing panic in the market amid limited coffee availability. Arabica coffee futures hit a record for the 13th straight trading session. Reports of a dry, hot weather system forming over Brazil's coffee areas helped to drive the new price peaks, as farmers in the world's top grower are reluctant to sell.
North Carolina Joins Growing Number of States Pursuing Crypto Investments
Nineteen U.S. states are weighing bills to put public money into digital assets, some of them similar to the federal pursuit of a Strategic Bitcoin Reserve.
Bond Market Inflation Gauge Pressured Over Trump Tariff Turmoil
(Bloomberg) -- Bond investors are betting that the Federal Reserve will have to contend with rising prices once again, and soon, in the wake of President Donald Trump’s plan to slap tariffs on trading partners and some industrial sectors.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow
Wall Street Banks Plot Their Crypto Future in Bet on IPO Boom
(Bloomberg) -- After staying on the sidelines, some of Wall Street’s biggest banks are plotting how to win more crypto business, betting President Donald Trump’s embrace of the industry unleashes a wave of IPOs, share sales and convertible bonds.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Forgotten French Architect Who R
Oil Edges Up From Yearly Lows on Shrinking Russia Crude Flows
(Bloomberg) -- Oil rose on signs of a tighter market and rising geopolitical tensions, but held near the lowest levels of the year as planned US tariffs continued to weigh on sentiment. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay
Manhattan Associates (MANH) Stock Trades Down, Here Is Why
Shares of supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) fell 10.8% in the afternoon session after the company announced that Eddie Capel, who joined in 2000, will retire as President and CEO. Eric Clark, currently CEO of NTT Data North America, will succeed him. Before leading NTT Data North America, Clark held leadership roles at ServiceNow, Dell, and Bank of America. Under Capel's leadership since 2013, when he became CEO, shares of MANH gained nearly 2,000%. Howe
Why Lyft (LYFT) Stock Is Up Today
Shares of ride sharing service Lyft (NASDAQ: LYFT) jumped 5.5% in the morning session after the company announced plans to launch self-driving robotaxis in collaboration with Mobileye "as soon as 2026." Lyft's CEO, David Risher, posted on X that the company will also partner with Marubeni, a Japanese conglomerate specializing in auto and fleet financing. Risher added that putting more autonomous vehicles on the road could expand Lyft's addressable market. The company plans to launch in Dallas be
Why Is GameStop (GME) Stock Rocketing Higher Today
Shares of video game retailer GameStop (NYSE:GME) jumped 8.1% in the afternoon session after CEO Ryan Cohen shared a photo with Michael Saylor, co-founder and chairman of MicroStrategy, the largest corporate holder of Bitcoin. The post has sparked speculation that GameStop may be planning a move into the crypto space. Such moves often resonate with its core audience of retail investors and traders.
Why Illumina (ILMN) Stock Is Trading Lower Today
Shares of genomics company Illumina (NASDAQ:ILMN) fell 7.5% in the morning session after Barclays downgraded the stock to Sell and lowered the price target from $130 to $100. The firm cited several factors for the revision, including "growing uncertainty in China, rising competition from Roche in the clinical market, and weaker-than-expected elasticity in consumables demand."
Barclays’ Altmann Says Short US Stocks for Now, Buy Europe
(Bloomberg) -- As US stocks confront mounting risks, such as questions around the economy and gains concentrated in just a few companies, it’s a good time to shift into other equity markets, says Alexander Altmann at Barclays Plc. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London