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Democrats Sweep in Midterm GOP Implosion

5 days 2 hours ago
Democrats swept into power in Congress on Tuesday, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party just two years after his dominant White House comeback. Bloomberg's Josh Wingrove reports from Washington. Data center developers in Texas are facing their worst-case scenario under a newly elected Democratic governor. Bloomberg News Tech Reporter Brody Ford explains. Wall Street strategists are warning that the return of divided government could disrupt the bond market next year by setting the stage for a bruising fight over the debt ceiling. We hear from Maya MacGuineas of the Committee for a Responsible Federal Budget. Plus - the prediction market industry had a strong election night performance of its own. We speak with Nicole Kagan, Researcher at Kalshi. All on the latest edition of Bloomberg Businessweek Daily. (Source: Bloomberg)

Arabica Coffee Falls in Expectations of Larger Brazil Coffee Exports

5 days 2 hours ago
December arabica coffee (KCZ26 ) closed down -4.20 (-1.48%) on Wednesday, and January ICE robusta coffee (RMF27 ) closed up +18 (+0.56%). Coffee prices settled mixed on Wednesday, with arabica falling to a 5-week low. Coffee prices recovered from their worst level on Wednesday, with robusta moving into positive territory...

Dollar Weakness Lifts NY Cocoa Prices

5 days 2 hours ago
December ICE NY cocoa (CCZ26 ) closed up +42 (+0.78%) on Wednesday, and ICE London cocoa #7 (CAZ26 ) closed down -27 (-0.66%). Cocoa prices fell to fresh 5-week lows on Wednesday but rebounded and settled mixed. Rising ICE cocoa inventories are easing supply concerns and weighing on prices. ICE...