With inflation still an untamed threat, Friday’s announced merger of the grocers Kroger and Albertsons will spur debate about whether the consolidation will raise food prices, or lower them. The Biden...
Category: Finance
Live Finance News Updates.
Rupert Murdoch explores reuniting Fox and News Corp
President Donald Trump (L) is embraced by Rupert Murdoch, Executive Chairman of News Corp, during a dinner to commemorate the 75th anniversary of the Battle of the Coral Sea during WWII onboard the In...
Battleground State Candidates Embrace Moderate Brand Despite Immoderate Positions
North Carolina Democratic Senate candidate Cheri Beasley speaks to a crowd (Photo by Sean … [+] Rayford/Getty Images) Getty Images As the 2022 midterm elections hit the home stretch, Democratic ...
There’s no rush to buy I-bonds
This week’s worse-than-expected inflation report led to turmoil in more than one market, but you only read about one of them. The market that got all the headlines was in stocks, since in the wake of ...
Even as inflation bites, consumers are still turning to Amazon
A spate of fresh data this week showed consumers are feeling the sting from high inflation. While that likely means more pain for retail stocks, new Wall Street research suggests club holding Amazon (...
Is This Turnaround Story Worth It?
Summary General Electric’sGE turnaround will culminate in breaking up into three businesses: Aviation, Health Care and Energy. The economic downturn has thrown a wrench in this plan, making it d...
‘it has a better position in the capital markets’
JPMorgan Chase & Co (NYSE: JPM) ended in the green on Friday after reporting market-beating results for its fiscal third quarter. Expert reacts to JPMorgan’s Q3 results Discussing the earnings rep...
McDonald’s Hikes Dividend By 10%
TipRanks 2 Dividend Stocks Under $10 With at Least 10% Dividend Yield Making investments pay out for the long term is the true challenge in today’s market environment. The series of headwinds piling u...
Kroger agrees to buy Albertsons for $24.6 billion
Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had...
What We Know—And The Best Rumors—About Her New Album
Topline The countdown is on for the highly anticipated release of Taylor Swift’s new album Midnights next week, and among the most popular—and completely unverified—rumors are that she will embark on ...
How Kroger plans to win over regulators, investors
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Kroger knows it needs the blessing of investors and federal regulators to pull off...
Ukraine’s Success in Turning Back Russia’s Invasion Could Aggravate Global Food Shortages
A pair of Russian Su-25 Frogfoot attack aircraft streak across a Ukrainian wheat field as seen from … [+] a farmer’s combine harvester. PR Army In about a month, the Black Sea Grain Initia...
Atlanta Fed President Discloses Trades ‘Inadvertently’ Made During Blackout Periods—Prompting Latest Fed Investigation
Topline More than two years after the trading activity of Federal Reserve officials came under heavy scrutiny, Atlanta Fed President Raphael Bostic has come forth disclosing a series of transactions h...
IMF Deputy Director Annie-Marie Gulde: Growing debt a challenge for Asian economies
The International Monetary Fund has cautioned that capital flight and growing debt will be Asia’s leading economic concerns next year as interest rates keep rising. Also, the IMF cut its outlook for t...
Medieval Times sues union over trademark infringement
Medieval Times Dinner and Tournament, a family dinner theater featuring staged medieval-style games, sword-fighting, and jousting performed by a cast of 75 actors and 20 horses, held in Lyndhurst, New...
Beyond Meat Cuts 200 Employees—Here Are The Biggest U.S. Layoffs This Year
Plant-based meat producer Beyond Meat plans to lay off roughly 200 employees, the company announced Friday, making it the latest company to reassess its headcount as employers fear the economy could s...
“Desperation in the Air” as the Great Retail Destocking Picks Up Steam
“Desperation in the Air” as the Great Retail Destocking Picks Up Steam getty The retail industry’s inventory glut has metastasized into a significant drag on the US economy, depressing economic growth...
Series I bond rate expected to fall to roughly 6.48% in November
Morsa Images | E+ | Getty Images Fixed rate for I bonds will ‘most likely be zero’ I bond rates have two parts, a fixed rate, which remains the same after purchase, and a variable rate, wh...
Down And Out At U-17 World Cup On Home Soil
BHUBANESWAR, INDIA – OCTOBER 14: Players of India line up prior to the FIFA U-17 Women’s World Cup … [+] 2022 Group A match between India and Morocco at Kalinga Stadium on October 14...
Here’s how ‘rare’ S&P 500’s ‘violent’ reversal was after Thursday’s inflation report — and what history shows may come next, according to Bespoke
The U.S. stock market took an unusual swing after Thursday’s inflation report. “Shortly after the open, the S&P 500 index had dropped nearly 4% from its pre-market highs before staging an epic ral...
Top Stablecoin Tether (USDT) Slashes $30,000,000,000 in Commercial Paper Holdings, Buys Up U.S. Treasury Bills
Top stablecoin issuer Tether (USDT) is completing its goal of eliminating commercial paper holdings from its reserves before the end of 2022. The firm says it has finally cut its commercial paper inve...
NASA astronauts return to Earth
[The webcast is scheduled to begin at 11:15 a.m. ET. Please refresh the page if you do not see the video player above.] SpaceX is set to return its fourth operational crew mission from the Internation...
Why did Kroger buy Albertsons? My three takes
Grocery store giant The Kroger Co. (NYSE: KR) announced Friday a merger with rival Albertsons Companies Inc. (NYSE: ACI) as part of a $24.6 billion deal. Kroger, the second largest grocery store retai...
NFL and Apple are at odds in Sunday Ticket negotiations
Kansas City Chiefs quarterback Patrick Mahomes (15) is sacked by Los Angeles Chargers linebacker Drue Tranquill (49) in the first quarter at Arrowhead Stadium on Thursday, Sept. 15, 2022, in Kansas Ci...
Using The USMCA To Get Work Visas For The USA Or Canada
The USMCA free trade agreement can be used to get a work visa for the United States or Canada. getty One of the best ways for Canadians to get work visas for the United States is to apply for them und...
Northrop Is Downgraded. Defense to Get ‘Left Behind’ in Better Macro Environment, Analyst Says.
Northrop Grumman shares were declining Friday after an analyst at J.P. Morgan downgraded the stock, citing concerns over valuation and the future of defense shares. J.P. Morgan analyst Seth Seifman do...