Kroger CEO Rodney McMullen testifies about the proposed massive grocery store merger with Albertsons at a Senate Judiciary Committee Competition Policy, Antitrust, and Consumer Rights Subcommittee hearing on Capitol Hill in Washington, November 29, 2022.Jonathan Ernst | ReutersKroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct.One of the largest grocery chains in the country said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy.Board member Ronald Sargent will serve as chairman and interim CEO, effective immediately.Kroger said its…
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A Brazilian flag.Anadolu | Anadolu | Getty ImagesBrazil’s government bonds could become an “oasis” for some investors, analysts told CNBC, particularly as global trade tensions fester.The bond market of Latin America’s largest economy is driven more by idiosyncratic factors such as fiscal policy and inflation outlook rather than by global sentiment, said Viktor Zvabo, investment director on the emerging markets debt team at abrdn. Brazil’s 10-year government bond yield currently stands at 15.267%, marking a more than 40% jump compared to a year ago, data from LSEG showed.”Brazil offers one of the highest real rates of all government bond markets,” Zvabo…
The recent dip in Chipotle Mexican Grill has created a buying opportunity for investors who can look past the company’s short-term difficulties, according to Morgan Stanley. Analyst Brian Harbour upgraded the fast-casual burrito chain to overweight from equal weight and increased his price target on the stock by $5 to $70, which suggests 29.7% potential upside. “A quality large cap growth compounder seeing some slowing with the stock flat to 12 months ago — what’s not to like? We’ve always appreciated CMG’s strengths and think many are set to continue,” Harbour wrote in a Monday note to clients. “An entry…
Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology.AmazonPatients at NYU Langone Health facilities will soon be able to check in for appointments using Amazon’s palm-scanning technology, the company announced Monday.The contactless service, called Amazon One, can identify patients “securely and quickly,” according to a release. NYU Langone said the technology will help it speed up sign-ins, alleviate administrative strain on staff, and reduce errors and wait times. For a health system that handles more than 10 million patient visits each year, every minute…
Jakub Porzycki | Nurphoto | Getty ImagesStock Chart IconStock chart iconBitcoinOver the weekend, Trump announced the creation of a strategic crypto reserve – a pivot from the “bitcoin stockpile” he previously touted – that he said will include ether, XRP, Solana’s SOL token and Cardano’s ADA, in addition to bitcoin.Bitcoin rose as high as $95,000, while the smaller coins rocketed double digits.It was welcome news to investors, who have been anxious for cryptocurrencies to come out of their consolidation. Last week, bitcoin fell under the key $90,000 level for the first time in three months to, at one point, 25%…
Britain and France have promised to muster a “coalition of the willing” to secure a peace agreement between Ukraine and Russia. Now comes the acid test for Europe: How many countries will step up, and does that even matter, given Russia’s rejection of such a coalition as part of any settlement?Prime Minister Keir Starmer of Britain left those questions unanswered as he bade farewell to fellow leaders after a summit meeting in London on Sunday. He conceded that “not every nation will feel able to contribute,” though he expressed optimism that several would, and that this would send a signal…
Speaker of the House Mike Johnson (R-LA) leaves after the House passed Republicans’ budget resolution on the spending bill on Feb. 25, 2025 in Washington.Kayla Bartkowski | Getty Images News | Getty ImagesAs Congress debates how to handle trillions of dollars in expiring tax breaks, lawmakers on both sides have been lobbing claims about which consumers will see the biggest benefits from extending them. Economists and tax experts say the answer isn’t so straightforward.In short: Who benefits depends on your frame of reference.House Republicans passed a budget plan Tuesday that lays the groundwork to extend the Tax Cuts and Jobs…
Tesla shares can make a major recovery after a rough start to the year, boosted by its AI and robotics ambitions, according to Morgan Stanley. Analyst Adam Jonas named Tesla his new top pick in U.S. autos, highlighting the embattled electric vehicle maker’s opportunity in autonomy and robotics as the catalyst for its growth moving forward — rather than its cars. He has an overweight rating on the stock, and his $430 price target implies about 46.8% potential upside for Tesla shares. “TSLA FY25 deliveries could potentially decline YoY, creating an attractive entry point to our preferred embodied AI name,”…
LONDON — The European Union is expected to announce “concrete” measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine.The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine. It follows two particularly tense moments in U.S.-Europe relations: Vice President JD Vance’s speech in Munich in mid-February when he criticized European leaders; and the on-the-record clash between the U.S. administration and Ukrainian President Zelenskyy in the Oval Office on Friday.European leaders are trying not to alienate President Donald Trump…
Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia’s advanced chips, a government minister said on Monday.Nurphoto | Nurphoto | Getty ImagesServers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia’s advanced chips, a government minister said on Monday.Singapore last week charged three men with fraud in a case local media linked to the movement of Nvidia’s AI chips from the city-state to Chinese artificial intelligence firm DeepSeek.Broadcaster Channel News Asia said it understood the cases were linked to the alleged movement of Nvidia chips from Singapore to be used by DeepSeek, without identifying its source.Singapore’s Home Affairs and Law Minister K Shanmugam told reporters on Monday that the servers involved in the case were supplied…
