By Maytaal Angel LONDON (Reuters) – World cocoa prices rose back above $10,000 a ton on Thursday, heading towards the year’s record peaks as the chocolate industry’s supply crisis worsened after top producer Ivory Coast halted bean exports for June and forward sales for next season. The news came a day after reports that Ghana,…
By Karen Brettell NEW YORK (Reuters) -The dollar gained on Thursday despite a soft U.S. producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of its meeting on Wednesday. Data on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline producer price index…
By Hyunjoo Jin, Abinaya V and Greg Roumeliotis (Reuters) -Tesla shareholders were set to approve Elon Musk’s $56 billion pay package in what is being seen as a thumbs-up to his leadership – and an enticement for keeping his focus on the electric vehicle maker. Musk posted a chart on his social media platform X…
By Arsheeya Bajwa (Reuters) – Broadcom surged more than 13% on Thursday as its upbeat annual forecast highlighted an insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the euphoria. The rising adoption of generative AI has been driving demand for companies such as Broadcom that…
