Judge Dismisses Two Terror-Related Murder Charges Against Luigi Mangione
A judge in New York has dismissed two terror-related murder charges against Luigi Mangione, the 27-year-old accused of fatally shooting former UnitedHealthcare CEO Brian Thompson. According to the judge’s ruling on Tuesday, the now-dismissed charges were “legally insufficient.” Mangione still faces a count of murder in the second degree. This is a developing story…Sugar Prices Rise on Weak India Monsoon Rains
July NY world sugar #11 (SBN26 ) on Wednesday closed up +0.03 (+0.22%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +2.30 (+0.51%). Sugar prices moved higher on Wednesday for a second day amid concerns over India’s sugar crop. Late Monday, India’s Meteorological Department reported that India’s...
Warsh experiences worst 'Fed day' S&P 500 performance for a new chair since 1994
The S&P 500 tumbled more than 1% in Wednesday's session, with losses steepening during Warsh' innagural press conference as chair.
Cocoa Markets Price in Global Weather Risks
July ICE NY cocoa (CCN26 ) on Wednesday closed up +2 (+0.05%), and July ICE London cocoa #7 (CAN26 ) closed up +5 (+0.16%). Cocoa prices climbed to 3-week highs on Wednesday and settled slightly higher. Cocoa markets are pricing in weather risks after an El Niño weather pattern was...
Tighter Supplies and Brazil Harvest Delays Boost Coffee Prices
July arabica coffee (KCN26 ) on Wednesday closed up +0.60 (+0.22%), and July ICE robusta coffee (RMN26 ) closed up +11 (+0.30%). Coffee prices on Wednesday extended this week’s rally and posted fresh 5-week highs. Coffee prices are climbing over concerns that persistent rain in Brazil will delay the coffee...
Jeffrey Gundlach says Fed's Warsh is not going to be the 'easy money' chairman many hoped for
Gundlach said Warsh's stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.