Crazy stat in here.
The price of cocoa has surpassed more than $9,000 a ton for the first time ever, making it more expensive than copper (which admittedly doesn't taste as good).
by
@megandurisin
Coffee Hits All-Time High 🚨
Robusta Coffee just hit an all-time high! First, they take OJ from us, then chocolate, and now coffee. This is too much, folks 😭
Something strange in China happening.
All tickets sold by the high-speed rail are suspended, and the rail is completely stopped until further notice 🚨
Might be Xi Jinping.
Cocoa prices have surged to a fresh record high of nearly $12,000 per metric ton (~300% higher than a year ago) as a proxy for chocolate demand showed that consumption remains strong.
For background, read my
@Opinion
columns here: and here:…
Second Ukraine official just now says reactor was “hit” & is inactive with fuel inside but that its the admin building which is on fire
He had received no information about elevated radiation levels
Says meltdown unlikely but leak is possible
No other verified info available
Credit card defaults are now at 2008 levels for Discover Financial.
Default have risen from 1.5% in 2022 to 5.7% now. People are being forced to decide with bills they will have to skip to survive.
Inflation for expenses in life are outrunning income gains.
Source: Reventure
#PLA
conducts joint military drills surrounding
#Taiwan
Island
The spokesperson for the Eastern Theater Command said the drills also serve as a strong punishment for the separatist acts of "Taiwan independence" forces and a stern warning against the interference and provocation…
The BOJ's strategy seems to be as obscure as possible as it tiptoes away from yield curve control. What does this even mean? “We decided that it’s appropriate to increase flexibility so that long-term yields can be smoothly shaped.” Japanese yields climb
“If farmers in Ukraine don’t start planting any time soon there will be huge crisis to food security. If Ukraine’s food production falls in the coming season the wheat price could double or triple,”
via
@FT
@EmikoTerazono
The Chinese government detained a local employee of a Japanese metals trading company in March, Nikkei reports, citing unidentified people familiar with relations between the two countries