A recent Bank of America survey of global fund managers showed the lowest cash allocation on record, with participants heavily underweight in cash compared to stocks. This bullish sentiment is driven by expectations of interest rate cuts from the Federal Reserve and anticipated growth under President-elect Donald Trump. Despite a recent breather in the equity market, Wall Street is preparing for further gains in 2025, with the S&P 500 expected to climb over 10% according to market strategists.
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Coffee prices are higher than ever. Here's what it means for your cup
Coffee prices have soared following a severe drought in Brazil, the world's largest grower of arabica beans. This has led to concerns about next year's crop and rising prices for both arabica and robusta beans. U.S. roasters and coffee shop owners are considering raising prices to offset the increased cost of raw beans. Major supermarket brands have already raised prices with little impact on sales. Full Article
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