Stocks drift lower as inflation data eyed this week
U.S. stocks pull back with the S&P 500, Dow, and Nasdaq down about 0.3 percent as investors await today’s inflation report and Fed policy cues. Oracle weighed on the index after a miss on quarterly growth, despite CEO remarks on AI cloud demand. Ten-year yield rose to 4.22 percent ahead of data releases.
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Onion seeks Infowars bid in bankruptcy auction dispute
Trustee Christopher Murray said The Onion offered 1.75 million cash plus incentives, far better than the Jones affiliated bid, with a plan to divert 750000 to Sandy Hook families. Judge Lopez weighs voiding the Onion bid or ordering a new auction amid fraud claims.
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Murdoch effort to gift Fox control rejected by Nevada court
A probate commissioner ruled against Rupert Murdoch and Lachlan Murdoch in changing the family trust to place Lachlan in control of Fox News and News Corp. The 96 page ruling called the plan a charade aimed at cementing Lachlan’s executive roles despite implications for beneficiaries. The decision leaves the four children’s equal stake intact and triggers possible appeals.
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Kroger Albertsons merger halted by two courts
A federal injunction in Oregon and a separate Seattle ruling block the Kroger Albertsons proposed 24.6 billion merger. Judges say the deal would lessen competition despite promises of price cuts and wage investments. The case moves to FTC hearings while state actions continue.
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Stocks of Local Interest in Week Test Market
Local market activity for the week shows steady but modest gains across key sectors. Investors tracked several regional firms with notable moves in energy and manufacturing stocks, while trading volumes remained below peaks of earlier periods.
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