(Bloomberg) -- Cocoa futures surged, reversing losses from the prior session, on news that chocolate maker Hershey Co. is seeking permission for a large purchase through the New York exchange.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?The most-active

Investment banking revenues soared at Jefferies Financial in the fourth quarter, a positive sign for Wall Street as bigger banks prepare to report their results next week.

New firm led by Stephen Harper partners with SEI to deliver goal-based investment solutions.

Stocks can no longer ignore the effects that President-elect Donald Trump's policy aims are having on the bond market.

British markets are among the biggest victims of a global bond selloff that has spilled over into currencies and stocks this week. Yields on long-dated British government bonds are at their highest in decades - putting government finances under pressure - while sterling is struggling and British domestic stocks are underperforming. Britain's Treasury says it will maintain an "iron grip" on the public finances and Treasury minister Darren Jones told parliament the UK bond markets "continue to function in an orderly way."

Nvidia Corp (NASDAQ:NVDA) and rival semiconductor chip companies could be hit with one more embargo from the Biden administration to China to concentrate artificial intelligence technology development with allies and on Washington’s terms. The Biden government weighed a fresh sanction on the export of AI chips used in data centers on both a country and company basis before passing the baton to the Republican government headed by Donald Trump on January 20, Bloomberg reports. Washington could ena

Broadcom Inc (NASDAQ:AVGO) could soon avail 2-nm chip samples from Japan’s Rapidus starting in June. The development marks the Japanese chipmaker’s efforts to emulate key contract chipmaker Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) strategy, which catapulted it into the trillion-dollar market cap, Nikkei Asia reports. Prior reports indicated that International Business Machines Corp (NYSE:IBM) and Rapidus are co-developing IBM’s 2-nm node technology for implementation at Rapidus’ fab in

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves’s deputy said the gilt market is functioning as normal and underlying demand for UK debt is strong, as pressure grows on the British government amid a rise in borrowing costs and wider market selloff.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Buildi

(Bloomberg) -- UK power prices are increasing as wind generation is forecast to drop on Friday amid freezing temperatures, raising the prospect of another market squeeze.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?UK day-ahead power prices are at £392

The products will be manufactured by Mexican fruit juice company Grupo Jumex.