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  • Aug 27, 2024

Kroger Egg Pricing Turns Merger Trial Into Inflation Fight

(Bloomberg) -- Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the grocery chain’s purchase of rival Albertsons Cos.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunIn a March email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged t

  • Aug 27, 2024

Nifty 50 Eyes New Record Despite Sluggish Wall Street Cues

(Bloomberg) -- Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityBefore the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Primary market lures foreigners Zee’s legal woes end Fed pivot to boost bonds Good morning, this is Chiranjivi Chakraborty, an equities

  • Aug 27, 2024

Argentina’s Milei Lowers Key Import Tariff To Cool Inflation

(Bloomberg) -- Argentina is lowering a key import tariff in an effort to further cool inflation as President Javier Milei weighs the trade-offs between economic targets often at odds. Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunEconomy Minister Luis Caputo announced it would lower a levy known as the PAIS tax on imports from 17.5% to 7.5%. The Milei administration actually increased the tax aft

  • Aug 27, 2024

Asian Stocks to Slip as US Holds Breath for Nvidia: Markets Wrap

(Bloomberg) -- Stocks in Asia are set to edge lower after a sluggish day on Wall Street, as traders look to Nvidia Corp.’s results for clues on whether the artificial-intelligence euphoria that’s powered the bull market has more room to run.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityFutures for equity benchmarks in Tokyo,

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