Market Watch

Arabica coffee futures trade in the U.S. on the Intercontinental Exchange in the soft commodity sector of the raw materials asset class. Brazil is the world’s top producer and exporter of Arabica beans. Robusta coffee futures trade in Europe on the Intercontinental Exchange. Arabica beans have a smoother, sweeter taste, with hints of chocolate, sugar, and fruits or berries. Robusta beans are stronger and harsher, with more of a bitter taste. Robusta coffee has around twice the level of caffeine as the Arabica variety. Italian expressos use Robusta beans, while Starbucks, Dunkin Donuts, and most other coffees are Arabica. After rising to the highest prices in over a decade in late 2021 and early 2022, Robusta and Arabica futures prices have corrected. Arabica correction In my Q4 report on soft commodities on Barchart , I highlighted that a 24.49% price decline in Q4 pushed Arabica futures 26.01% lower in 2022. Coffee was the worst-performing soft commodity last year. The chart highlights the decline from $2.6045 per pound in February 2022, an eleven-year high, to $1.4205 in January 2023. At just below the $1.62 level on January 25, coffee futures are sitting closer to the low than last year’s peak. […]

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Screen Shot 2023-01-25 at 8.04.29 PM Warmest greetings and good wishes to all Indians and friends of India in Oman on the occasion of the 74th Republic Day of India! I take this opportunity to convey my gratitude to the Government and kind people of Oman for their continued support and cooperation. I also thank and commend the Indian community in Oman for the goodwill and respect they have earned in the Omani society and for their role in strengthening ties between India and Oman. This Republic Day is special as India also holds the G20 Presidency, igniting hopes of re-kindling international cooperation to tackle the most important issues of our times. India is honoured to have invited Sultanate of Oman as one of its special guests during its G-20 Presidency. This is not just a symbol of the time-tested friendship between India and Oman, but also opens up new possibilities for deepening cooperation between our two countries. As we emerge from the pandemic and enter a new era – uncertain and promising at the same time – the world is looking for new opportunities. In September 2022, as the news came in that India had surpassed the UK […]

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Washington, DC, Jan. 25, 2023 (GLOBE NEWSWIRE) — Events DC today announced its search for a naming rights partner for the District’s Entertainment & Sports Arena, located in Southeast DC’s Congress Heights neighborhood. Events DC aims to partner with a corporation interested in being front and center in the evolution and revitalization of the historic St. Elizabeths campus in Ward 8. “The Entertainment & Sports Arena is a centerpiece for the revitalization of the historic Congress Heights neighborhood,” said Angie M. Gates, president and CEO of Events DC. “As we search for a naming rights partner for the arena, we are seeking a corporation to join us in playing a pivotal role in this evolution of Southeast DC, while sustaining the legacy and providing meaningful support to the continued growth of our thriving and vibrant community.” Entertainment & Sports Arena is the state-of-the-art home to the WNBA Washington Mystics and Capital City Go-Go of the NBA G League. Featuring 80,000 square feet of arena space and 4,200 seats, the venue’s flexible layouts, modern design, intimate seating and transit accessibility have made it a popular destination for a wide range of sporting and cultural events since it’s inception. Opened in […]

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The Best Business Credit Cards for Travelers in 2023 1 This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. For more information check out our Advertising Disclosure . Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Many of the top points programs like Chase Ultimate Rewards , American Express Membership Rewards , Capital One Venture Miles , and even individual airlines and hotel programs offer business cards that earn the same points (and sometimes even more of them) as their standard consumer cards – allowing you to keep adding to your points total, so long as you can get approved for a card. But remember: Credit cards are serious business . You should never apply for a credit card if you’re already in debt, and never charge more to a credit card than you can afford to pay off immediately. That’s especially true when looking at […]

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A Fayetteville man accused of trying to dodge millions in income taxes has pleaded guilty to federal charges. Christopher Scott Harrison submitted the guilty plea Tuesday to willfully filing a false tax return with respect to nearly $25 million in unreported income he paid to himself from his company – a crime apparently uncovered by a bankruptcy accountant. Harrison is being represented by Ripley Eagles Rand with Womble Bond Dickinson. "Mr. Harrison has accepted full responsibility for the tax charge in this case, and he is continuing to cooperate in the investigation," Rand said in an email. Harrison faces up to three years in prison, restitution to the Internal Revenue Service and a potential fine when sentenced this spring. Prosecutors claim that his scheme involved disguising personal luxuries – such as a $145,000 Rolex watch and a $102,000 Cartier diamond necklace – as business expenses. “Wealthy tax cheats cannot be allowed to line their pockets at the expense of hardworking American taxpayers,” U.S. Attorney Mike Easley said in a prepared statement following the plea. Filings submitted to the court show Harrison, the former chief financial officer and majority owner of Ebenconcepts, an insurance and human resources benefits business in […]

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As we look ahead to this year, it is from the position of continuous volatility that the past twelve months have brought. Transport and logistics companies, still in COVID recovery mode, face a raft of challenges as external factors combine to ensure that the road before us is anything but smooth. Both industries are experiencing a heady combination of disruption and transformation, with exciting innovations starting to deliver on their potential. We are already seeing the incredible potential of data-focused digital transformation to revolutionize how transport and logistics companies operate. Successful ‘data-fication’ will enable companies to absorb some of the shockwaves of ongoing disruption set to trouble the sector in the coming year and enable them to start to achieve the potential that digital transformation can bring. With all this in mind, what are the main trends that will shape the movement of people and things in the coming year? Here are five areas we expect to see advanced data use influencing transport and logistics companies in 2023: 1. Macroeconomic factors will accelerate the need for digital transformation in the logistics sector. Sustained high fuel costs will have the biggest impact on the logistics sector in 2023, exacerbating already […]

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From Kimberly Koonce, Fleet Readiness Center East MARINE CORPS AIR STATION CHERRY POINT, N.C. – Two new programs at Fleet Readiness Center East are adding to the opportunities available for potential employees who want to gain work experience at the aircraft maintenance, repair and overhaul facility while earning pay and benefits. FRCE has expanded its Pathways Internship Program to offer a fast track toward employment as a journey-level mechanic to students pursuing technical degrees at local community colleges. The depot also recently signed on to participate in the Department of Defense (DoD) SkillBridge program, which is designed to give separating service members an opportunity to try out civilian sector jobs before leaving the military. These two programs are in addition to the Pathways and other internships that have been used successfully at FRCE to provide a foot in the door to students enrolled in accredited engineering and architecture programs. Training specialists at FRCE said these internship programs provide the depot access to trained, committed employees, while giving applicants an opportunity to use their skills and education to begin a challenging, well-paying career in a technical field. “These programs give us an ability to look at our future workforce, and […]

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Credit: Shutterstock The teenage years can be among the trickiest times for a parent. You have been used to being your child’s voice of reason. Then, all of a sudden, your authority is challenged by their peers, social media and huge developmental changes. But the good news is children aged ten to 12 are still more influenced by their parents than their friends. This makes it the ideal time for parents to establish parenting practices that will set the tone for when their child crosses over into adolescence. Our research In a recent study , colleagues and I looked at the perspectives, needs and behaviors of 2,600 Victorian parents. This was part of a study, run every three years, which aims to build a better understanding of parenting today. A key finding was parents of teenagers reported they were less confident about their parenting than parents of younger children. Parents of teenagers also reported greater levels of concern about their children’s behavior, including how to manage their child’s use of technology. Parents of teens were less likely to use positive discipline methods they had previously used such as praise and rewards for good behavior. They also said they felt […]

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Life sciences and medical diagnostics company Danaher (DHR) reported better-than-expected earnings and revenue for the fourth quarter. We view the dip in the stock as unjustified and an opportunity. Revenue increased nearly 10% on a core basis to $8.37 billion, well above estimates of $7.9 billion, according to Refinitiv. Adjusted profit increased 6.7% to $2.87 per share, exceeding the consensus estimate of $2.54 per share. When excluding the impact of declining Covid testing sales — but keeping in revenue from products that support vaccines and therapeutics — Danaher’s base business saw core growth of 7.5%. That shows the company isn’t overly reliant on the bump in pandemic sales. Bottom line This was a solid quarter from one of the best-run companies in the world. With very little to nitpick, we attribute Tuesday’s 3% stock decline to a combination of management already preannouncing the results and shares making a large move into the print. Also to blame: first-quarter guidance may be a tad light versus expectations. Given in-line to better-than-expected quarterly results pretty much across the board along with operating margin expansion and strong cash flow generation, we’re inclined to view Tuesday’s selloff as a buying opportunity as noted by […]

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LEE COUNTY, Fla. — Local teens will have the opportunity to learn real-life skills from local business leaders with the Tommy Bohanon’s foundation annual Man UP seminar. The event will be held on Feb. 8 at the Collaboratory in downtown Fort Myers. Young men will have the chance to hear from leaders in the community from offices like the Lee County Sheriff’s Office, Fort Myers Fire Department, and executives from local businesses. The Tommy Bohanon Foundation is a nonprofit organization that is dedicated to supporting at-risk youth to reach their highest potential. Opportunities to help can be found at tommybohanonfoundation.org .

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