Tag: business news
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Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up
Kroger said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition.
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Bulls are betting big on this global ETF that’s deep in a bear market
U.S. stocks just keep winning, with the Nasdaq closing out its best quarter since 2020. Across the globe in China, things couldn’t be more different.
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Demand for riskier mortgages drops, as their advantages shrink
The spread between the 30-year fixed rate mortgage and adjustable rate loans is narrowing, causing demand for ARMs to weaken.
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Grindr is launching two products that make the stock attractive, says Morgan Stanley
Investors should scoop up LGBT-focused dating app Grindr as the company rolls out two new products that can drive shares higher, according to Morgan Stanley.
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New drug data makes this French biotech stock a buy, says Jefferies
Analyst Faisal Khurshid upgraded the stock to buy from hold.
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Lamborghini reveals new Urus performance hybrid SUV after ditching EVs
Lamborghini is calling the new Urus SE Performante the “fastest Super SUV in the world.”
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Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion
Gold fell further on Wednesday, with bullion continuing its slide after suffering its worst quarter since 2013.
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UAE’s MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk’s xAI, prior to its merger with SpaceX.
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Xi touts China Communist Party’s global influence in speech marking 105th anniversary
Chinese President Xi Jinping spoke Wednesday to commemorate the 105th anniversary of the ruling Communist Party of China.
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Corruption cases, investibility warnings, fiscal woes: Indonesia continues to test investors
This comes amid a high-profile corruption sentencing and an MSCI warning Indonesia could be downgraded to frontier-market status.
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