The cost of cocoa, a core ingredient in chocolate production, has been on a record-breaking run in recent months, with prices climbing more than 57% year-to-date. This surge in prices has been primarily driven by concerns over the supply of cocoa in West Africa, which is home to around three quarters of the world’s production.
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New York Community Bank recently announced a massive injection of over $1 billion, with a significant contribution coming from former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. This move highlights a growing trend of private equity players stepping in to assist struggling American lenders. The injection of fresh funds into NYCB helped alleviate concerns about
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