Kroger (KR) Names New Chief Merchant as Albertsons (ACI) Deal Lingers
Kroger Co. appointed a new chief merchandising officer while the grocery-store operator waits on a verdict for its proposed $24.6 billion deal with rival Albertsons Cos.
Saudi Arabia’s Sovereign Rating Upgraded by Moody’s for First Time
Saudi Arabia’s sovereign rating was upgraded by Moody’s Ratings for the first time since the company first assessed the kingdom in 2016.
Elon Musk’s Net Worth Hits $348 Billion, Setting New Wealth Record
Elon Musk’s net worth hit an all-time high of $347.8 billion on Friday, driven by Tesla Inc.’s ongoing stock rally and a new funding round valuing his artificial intelligence startup xAI at $50 billion.
Gamblers Are Sinking Billions Into a Leveraged Market Fringe
The buy-everything mania that greeted Donald Trump’s election is cooling in the tried-and-tested world of stocks and corporate credit. Yet on Wall Street’s speculative fringes, the risk-taking frenzy is only getting bigger by the day.
SEC’s Penalties, Relief Hit All-Time Record of $8.2 Billion
The US Securities and Exchange Commission’s fines and investor relief hit an all-time record in fiscal 2024.
Hedge Funds Slash Bullish Wagers on Gold Before War Jitters
Money managers’ bullish wagers on gold fell to the lowest in nearly four months before a flare-up in the Russia-Ukraine war boosted its haven appeal.
Trump Lobbied on Treasury Pick by Rival Candidate Factions
Presiden-elect Donald Trump’s uncertainty about his slate of Treasury secretary candidates has led to rival factions once again trying to win his favor.
US Debt Sustainability Now Seen as Top Financial Stability Risk
The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.
Altas, Leonard Green Said to Prepare for Sale of Tecta America
The private equity owners of Tecta America Corp. are considering strategic options for the commercial roofing company, including a sale, according to people familiar with the matter.
Art Auctions at Christie's, Sotheby's and Phillips Total $1.2 Billion
Forward momentum, at last.
