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Air cargo market maturity helps avoid ‘peak of all peaks’ in November

Proactive capacity management contributed to a 12% YoY increase in the global air cargo spot rate since the start of peak season, compared to 25% in 2023.

Western European diesel share of new car market stable – GlobalData

Diesel car sales in the region in November were about 20k lower than a year earlier.

Nvidia's stock slump, Softbank woos Trump, and call 1-800-ChatGPT: AI news roundup

OpenAI made its popular artificial intelligence-powered chatbot more accessible this week, announcing that U.S. phone numbers can call it at 1-800-CHATGPT, while global users can text the chatbot via WhatsApp (META).

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

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.

Major CVS shareholder plans activist push, meet with execs: sources

CVS Pharmacy logo is seen at store in Florida Keys, United States on May 7, …

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.

Malaysia PM vows crusade against corruption

Malaysia’s prime minister Anwar Ibrahim during a news conference in New Delhi, India, on Tuesday, …

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

Stock market today: Dow breaks 10-day losing streak but stocks struggle to claw back losses after Fed sell-off

The Dow managed to narrowly snap a 10-day losing streak, giving up most of its earlier gains to end slightly higher after Wednesday's 1,100-point drop.

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