General News

Money-market Assets Hit Record $6.12t In Week To June 12 - ICI Via Bloomberg

By Amina Niasse

NEW YORK (Reuters) - About one-third of U.S. employer health plans are offering coverage of GLP-1 drugs for both diabetes management and weight loss, up from last year, according to a survey of global employers released on Thursday by the International Foundation of Employee Benefit Plans.

GLP-1 drugs for weight loss grew as a portion of employers' overall medical claims spending to 8.9% in 2024 from 6.9% in 2023, the... (continue reading...)

By Maytaal Angel

LONDON (Reuters) - World cocoa prices rose back above $10,000 a ton on Thursday, heading towards the year's record peaks as the chocolate industry's supply crisis worsened after top producer Ivory Coast halted bean exports for June and forward sales for next season.

The news came a day after reports that Ghana, the world's second largest producer of the chocolate ingredient, is looking to delay delivery of up to 350,000... (continue reading...)

By Abhirup Roy

SAN FRANCISCO (Reuters) - Elon Musk's army of small-investor allies took a victory lap with an endorsement for his $56 billion pay package after the Tesla CEO said shareholders were voting to approve it by a wide margin despite opposition from major institutions. 

Mom-and-pop investors, who hold an unusually high share of the electric-vehicle maker, are typically apathetic toward voting. 

But in a rare show of... (continue reading...)

Investing.com -- The U.S. government sold $22 billion of 30-year notes on Thursday at a lower-than-expected yield, driven by stronger demand. 

The notes were awarded at 4.403%, below the pre-sale, or when-issue, rate of 4.418%, and the 4.635% yield high seen in the prior auction. 

The bid to cover ratio, a measure of demand, for the auction rose to 2.49 from 2.41 seen in the prior auction. 

International demand was also robust, with indirect bidders at 68.50% of the... (continue reading...)