Fruit-borne disease and extreme weather, amplified by a warming climate, are throttling orange-producing regions in Brazil and Florida — curbing harvests and driving up citrus prices.
Why it matters: Oranges, one of the fruits of choice in the U.S., are currently facing a supply crisis. It's adding to the list of everyday items impacted by inflation, which continues to frustrate consumers and color their perceptions of the economy.
The Texas Stock Exchange, unveiled this week with $120 million in funding from BlackRock, Citadel Securities and others, wants to challengethe NYSE and the Nasdaq by giving companies and investors an alternative — but it's got its work cut out for it.
Why it matters: The U.S. currently has a handful of exchanges, but business has long been concentrated in the top two. The No. 3 player, CBOE, has only about a 12% market share in trading volume, and the rest don't even clear 3%.
