commodities
Drops in commodity prices worldwide have 'hit a wall' -- that's bad news for inflation: World Bank
The days of energy and other commodities serving as a deflationary force could be nearing an end, the World Bank warned.
Stocks drop, oil prices hit decade highs as US considers Russian import ban
Brent crude oil touched nearly $140 per barrel overnight as the market reacted to the possibility of a ban. The global price benchmark was trading at roughly $125 as of...
Not so sweet: Demand for chocolate fuels surge in price of cocoa
The Omicron variant has done nothing to dampen Americans' sweet tooth. Demand for chocolate and tightening supply has led to a sharp spike in the price of cocoa.
Suez Canal traffic jam eases further after ship unblocked
The maritime traffic jam on both ends of the Suez Canal eased further on Friday, four days after the dislodging of a massive containership that had blocked the waterway, a...
Kimberly-Clark, maker of Kleenex and Cottonelle, raises prices in US, Canada
Kimberly-Clark said Wednesday it would raise prices on many of its products including Scott toilet paper, tissues and diapers in the United States and Canada to offset rising commodity costs....
Kick rocks: Suit slams Turkish firm for passing off stones as copper
Mercuria Energy Trading has launched a civil suit against a Turkish firm over what the global commodity trading firm’s lawyer described as fraud related to a deal to buy copper...
Reddit's 'epic' silver squeeze is only helping Wall Street
Finally, a "Reddit rally" Wall Street can get behind. The merry band of day traders behind runaway stocks like GameStop piled into silver on Monday in an effort to squeeze...
Reddit traders have found a new target
The spike came amid increased interest in silver on Reddit's WallStreetBets forum, which has pumped up the stock prices of companies such as GameStop and AMC Entertainment.
Goldman Sachs says commodities poised for bull market
Goldman Sachs on Wednesday maintained its "overweight" recommendations for commodities in 2021, reasoning the sector was possibly the best hedge against likely inflation and poised for another bull market. The...
Copper demand could soar thanks to coronavirus
The coronavirus pandemic could set the stage for a copper boom as the world starts its economic recovery from the crisis, experts argue. The pandemic will likely spur governments to...
JPMorgan metals traders accused of manipulating prices
Three JPMorgan Chase traders were accused by the Justice Department on Monday of masterminding a “massive,” eight-year scheme to manipulate international markets for precious metals like gold and silver. From...
Feds sue three cryptocurrency operators for fraud
The federal derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules,...
Which of these asset bubbles will pop first?
There are any number of bubbles in financial assets right now. This seems like a good time to guess which are going to pop first. Here are the candidates: Bonds:...
Why is the dollar falling along with commodities?
Dear John: For years there has been an inverse relationship between the dollar and commodities. One goes up when the other goes down. However, both the value of the dollar...
Gold price drops mysteriously amid 'fat finger' speculation
Gold plunged on Wall Street on Monday — and no one’s quite sure why. The price of the precious metal plunged by more than $17 an ounce within minutes during...
America is having a cheese crisis
America is awash in guns, debt — and cheese. The nation’s cheese backlog is so bad that every man, woman and child would need to eat an extra three pounds...
MIT professor casts doubts on 'lone trader' Flash Crash theory
One of the authors of the government’s original report on the root causes of the 2010 “Flash Crash,” when the Dow swung more than 1,000 points in five minutes, is...
Senate probe finds big banks exploited commodity markets
A two-year Senate investigation into Wall Street's physical commodities business found that U.S. banks had manipulated prices and gained unfair trading advantages at the expense of consumers. While the detailed...
Trading desk bonuses coming from grunts, expenses 'capped'
This haircut really stings for Wall Street’s worker bees. The huge swarms who do grunt work for the masters of the universe must rein in costs — because their bank...
Hershey's hikes candy prices 8% on soaring cocoa costs
Hershey Co., the No. 1 candy producer in the US, has hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market...