Information

Home Information
  • Dec 10, 2024

Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges

The proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal. U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearing in Portland, Oregon. Later Tuesday, Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington's consumer-protection laws.

  • Dec 10, 2024

Peter Schiff Advises Biden To Do One 'Good Thing' Before His Term Ends: 'Sell All The Bitcoin' Held By The US

Influential economist Peter Schiff suggested on Monday that President Joe Biden sell all of the U.S.-owned Bitcoin (CRYPTO: BTC) before leaving office to help reduce the country’s ballooning budget deficit. What happened: Schiff advised Biden via an X post, deeming it the “one good thing” the outgoing president can do before clearing the way for a Donald Trump tenure. “Not only would the money raised reduce the 2024 budget deficit, but it would put an end to all the nonsense about creating a har

  • Dec 10, 2024

Yellen says Trump's tariffs could derail US inflation progress, raise costs

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday she was worried that President-elect Donald Trump's plans to levy broad import tariffs could derail progress in quelling inflation and raise costs for households and businesses. Yellen, at a Wall Street Journal CEO Council event, also said she was concerned about U.S. fiscal sustainability and said Congress needed to look for ways to pay for any extensions of Trump's 2017 individual and small-business tax cuts, which are due to expire in 2025. "So it would have an adverse impact on the competitiveness of some sectors of the United States economy and could significantly raise costs to households," Yellen added.

  • Dec 10, 2024

Bond Traders Trim Long Bets Before CPI Data Seen as Key for Fed

(Bloomberg) -- Bond traders are taking chips off the table, opting for a more neutral stance before Wednesday’s US consumer-price data, which will be decisive in setting expectations for whether the Federal Reserve cuts interest rates again this month. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationA Chicago Skyscraper Cements the Legacy of a

Popular Post