Cocoa prices hit a record high heading into Valentine's Day
Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday.
Source: wtkr.com
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With a low cocoa supply, this Valentine's Day chocolate prices are up
Cocoa prices are surging so high that even the biggest chocolate makers are struggling to stay profitable. That doesn’t portend well for your wallet this Valentine’s Day.
Source: cnn.com
The Fed can still break markets. Here's how
Major US indexes notched their fifth consecutive winning week on Friday as strong corporate earnings and gains in Big Tech added to fervor on Wall Street. These gains took place even as the Federal Reserve officials have attempted to reduce expectations for several interest rate cuts this year.
Source: cnn.com
Record cocoa prices heading into Valentines Day proves to be a headache for sweets king Hershey
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Source: wpsu.org
Record cocoa prices heading into Valentines Day
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate.
Source: wbir.com