Cocoa Tops $7,000 a Ton as Chocolate Makers Hike Prices, Shrink Packages
Cocoa futures rose to a fresh intraday record, topping $7,000 in New York for the first time, as supply concerns drive a rally that shows no sign of offering relief for chocolate makers. #press
Figure's CEO on "Exchange of Everything"
Blockchain startup Figure Technologies plans on launching a new exchange, calling it an "exchange of everything." CEO and Co-Founder of Figure Technologies, Mike Cagney, explains the reasons behind the exchange and how it would work. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg) #press
Oil Output in US Seen Rising More Than Expected as OPEC Cuts
Oil production in the US this year will increase faster than previously expected, helping cushion global supplies as OPEC and its allies restrict output, according to government forecasts. #press
Carlyle Shelved Plans for Core Infrastructure Fund as Rates Rose
Carlyle Group Inc. scrapped plans to raise an open-ended fund dedicated to long-term infrastructure bets as interest rates climbed, according to people with knowledge of the matter. #press
Grayscale Plans 'Mini' GBTC Launch
Bloomberg's Isabelle Lee, discusses the potential reasons behind Grayscale's plan for launching a 'mini' GBTC. She speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg) #press
Bloomberg Markets With Katie Greifeld 03/12/2024
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Guests include: Mike Cessario Liquid Death CEO, Nancy Tengler Laffer Tengler Investment CEO. (Source: Bloomberg) #press
Bitcoin Hovers Near All-Time Peak
Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth. Delta Blockchain Fund CEO Kavita Gupta joins Ed Ludlow on "Bloomberg Technology." (Source: Bloomberg) #press
Bloomberg The Open 03/12/2024
Dani Burger highlights the market-moving news you need to know heading into the opening bell on Wall Street. Today's guests: Kathy Jones, Schwab Chief Fixed Income Strategist; Zachary Griffiths, CreditSights Head of US IG & Macro Strategy; Luke Kawa, UBS Asset Management Asset Allocation Strategist. (Source: Bloomberg) #press
7RCC Global's Perduhova See Bitcoin at $200K by End of Year
7RCC Global Co-Founder and CEO, Rali Perduhova, discusses Bitcoin and why she believes the price could reach $200,000 by the end of the year. She speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg) #press
Bloomberg Crypto 03/12/2024
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's Guests: 7RCC Global Co-Founder and CEO Rali Perduhova, Coinshares CEO Jean-Marie Mognetti, Figure Technologies CEO and Co-Founder Mike Cagney (Source: Bloomberg) #press
https://www.bloomberg.com/news/videos/2024-03-12/bloomberg-crypto-03-12-2024?utm_source=press.coop
Wall Street Sees Risks of Later Start Date for Fed’s QT Tapering
As Federal Reserve officials prepare for an in-depth conversation about its balance sheet at next week’s meeting, Wall Street strategists can only agree that all of the plans being discussed by the central bank carry some growing risks. #press
CoinShares Completes Purchase of Valkyrie ETF
Jean-Marie Mognetti, CoinShares CEO, talks about buying the Valkyrie ETF business. Mognetti talks about becoming a global player in the ETF space. He's on "Bloomberg Crypto." (Source: Bloomberg) #press
BTV Guests React to February CPI Report
Underlying US inflation topped forecasts for a second month in February as prices jumped for used cars, air travel and clothes, reinforcing the Fed's cautious approach to cutting interest rates. BTV guests weigh in on the latest data. (Source: Bloomberg) #press
Putin Voices Support for OPEC+ Oil Cuts Yet Warns of Risks
Russia’s oil-production cuts made in cooperation with OPEC partners have supported the nation’s revenue yet may result in a loss of the market share, said President Vladimir Putin. #press
Romanian President Confirms Bid to Become Next NATO Leader
Romanian President Klaus Iohannis confirmed his bid to take over as the next North Atlantic Treaty Organization chief, saying the military alliance needs a “fresh perspective” with leadership from its eastern flank. #press
Goldman Says European Real Estate Valuations Nearing Bottom
European commercial real estate valuations are close to a bottom after a slump driven by worries about interest rates and the economy, according to analysts at Goldman Sachs Group Inc. #press
Stock Market Is Ripe for a Correction, Ariel Investments’ Rogers Says
The stock market is ripe for a correction with the Magnificent Seven-fueled rally significantly overdone, according to Ariel Investments’ founder John Rogers Jr., who correctly forecast the US avoiding a recession in 2023 and the market’s buoyant rally. #press
Iceland to Make Green Debut Six Years After Climate Action Plan
Six years after establishing a climate action plan and three years since it syndicated a debt deal in euros, Iceland is planning to sell its debut green bond. #press
ADM Incentive Plan Levels Hold Even After Restatements, CEO Says
The compensation packages awarded to Archer-Daniels-Midland Co. executives that were closely tied to the performance of the nutrition division still stand, even after the company announced on Tuesday several years of internal earnings adjustments following a financial probe. #press
Chile Rate Cut Bets Shift Again With Smaller Reduction Now Seen
Chile economists are betting a weaker peso and back-to-back inflation surprises will force the central bank to slow the pace of interest rate cuts next month. #press
