Albertsons Dropped Kroger Merger After Court Bans
Albertsons pulled out of the 24.6 billion deal with Kroger after judges blocked the merger in Oregon and Seattle. Albertsons filed a lawsuit seeking a 600 million termination fee plus fees and losses, while Kroger called the claims baseless. Industry analyst Burt Flickinger noted the shock among observers and warned debt and store underperformance reduce Albertsons’ chances of a new deal, with consumers likely feeling higher prices.
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Albertsons
U.S
U.S. District Court
Adrienne Nelson
Oregon
Federal Trade Commission
Superior Court
Marshall Ferguson
Seattle
Ferguson
Burt Flickinger
Strategic Resource Group
Flickinger
Wall Street Claws Back Losses Amid Fed Rate Cut Bet
U S stock indices rose as inflation data reinforced bets on a Fed rate cut next week. The S&P 500 gained 0.8 percent, Nasdaq rose 1.8 percent above 20000, while the Dow slipped 99 points. Nvidia and other Big Tech led gains. Tesla topped 420. Stitch Fix jumped 44 percent after a smaller loss and better revenue outlook.
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GE Vernova leads S&P gains on dividend and buyback plan
GE Vernova rose five percent as it plans quarterly 25 cent dividends and up to six billion dollars in share repurchases. In losses, Dave & Buster's Entertainment fell twenty percent after a worse quarter and CEO departure. Macy's cut full year forecasts as markets rose. Overall indices moved higher with mixed bond yields.
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Infowars sale blocked as Onion bid falters in court
A Houston judge rejected The Onion’s $1.75 million bid to buy Infowars in Alex Jones’ bankruptcy case. The ruling leaves Jones in control for now and opens questions on next steps, potential state-court actions by Sandy Hook families, and how creditors will recover roughly $1.5 billion.
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Jones
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Lopez
First
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Inflation ticks up in November as prices rise
U S inflation edged higher in November with prices up 2.7 percent from a year earlier and 0.3 percent month to month. Core inflation rose 3.3 percent from a year earlier, matching October, while volatility in groceries and travel masks steadier service costs. Fed officials eye rate cuts, with traders pricing in a near certainty of a cut next week. Powell signals a cautious path as the economy remains healthy and progress on inflation continues.
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Fed
Washington
United States
Labor
Federal Reserve
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CME
FedWatch
Jason Pride
Glenmede
Pride
Powell
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