futures exchange

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Mystery Investor Buys Every Cocoa Bean in Europe

Who's hoarding all that cocoa, and why?

(Newser) - The supply of cocoa beans sitting in warehouses across Europe could fill more than 5 Titanics, and as of last week it all belongs to one mysterious figure. An anonymous investor sparked intrigue last week when he, she, or they bought 241,000 tons of cocoa—essentially, every cocoa bean... More »

Movie Stock Exchange Proves Wall Street's Mad

Speculation doesn't really help anyone

(Newser) - The announcement that investors can soon buy “futures” in Hollywood movies, shouldn’t be too surprising—it’s the logical extension of what financial markets have become. Once tools for raising capital for real businesses, the markets “have turned themselves into high-tech casinos,” writes Steven Pearlstein of... More »

Like a Movie's Chances? Now You Can Bet on It

First futures market for films about to begin

(Newser) - 3D isn’t the only immersive movie experience out there—soon, filmgoers will be able to play Hollywood mogul and bet on box office in the nation’s first film industry futures exchange. Cantor Futures, expected to gain regulatory approval next month, will allow anyone to buy contracts starting at... More »

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