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Fed posts record loss of $114.3B in 2023 as aggressive rate hikes upend finances

The Federal Reserve announced Tuesday that it formally expects net income to be negative $114.3 billion in 2023, a record loss related to costs related to managing the central bank’s short-term interest rate target. Last year’s loss followed a net profit of $58.8 billion in 2022, the Fed said. The figures published are an audited […]

Cocoa Breaks $10,000 Record, With Pricier Chocolate to Follow – Yahoo Finance

(Bloomberg) — Cocoa futures prices hit an unprecedented $10,000 per tonne, extending a historic rally that has already doubled prices this year and pushed chocolate prices higher. Most Read Articles on Bloomberg Harvest failures by major producers in West Africa have disrupted markets, with the world expected to face a third consecutive year of shortages. […]

Donte DiVincenzo sets Knicks’ single-game 3-point record

Donte DiVincenzo could add the Knicks’ single-game record to his eventual single-season record. The sharp-shooting guard set a franchise record with 11 3-pointers and scored a career-high 40 points in a hilarious 124-99 victory over the Pistons. DiVincenzo, who surpassed the 10 treys made by New York’s Evan Fournier and J.R. Smith, hit a record-breaking […]

Haiti’s Gang War Pushes Hunger to Worst Levels on Record

International humanitarian experts said Friday that food insecurity in Haiti has reached record levels in the long-suffering country due to gang warfare, with some areas reporting conditions very close to the technical definition of famine. He said that it has been done. Integrated food security stage classification The Interpartner Initiative (IPC), established in 2004 to […]

Cameron Young sets 40-year PGA Tour record no one would ever want

Cameron Young was the only player on the Valspar Championship Field to shoot in the 60s all four days. Still, he fell two strokes short of Peter Malnati. His solo second place is the seventh of his short PGA Tour career. He currently has the most undefeated runner-up finishes on tour since 1983. The two […]