Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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Activision acquisition would be good for Microsoft and the overall stock market

Microsoft ‘s (MSFT) nearly $69 billion cash offer to buy video game giant Activision Blizzard (ATVI) has been under tremendous scrutiny since it was first announced back in January. But at least one Wall Street research firm says it’s highly likely that the deal will be completed in the near future. We tend to agree. While Club holding Microsoft would shell out a big premium for ATVI shares based on current market prices, the tech giant was always prepared to pay up for what Activision Blizzard’s popular games such as…

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Stocks making the biggest moves premarket: Designer Brands, Lands’ End, Salesforce and more

Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Bryan Bedder | Getty Images Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slid 15.6% in the premarket after it missed top and bottom line estimates for its latest quarter and cut its profit outlook. Designer Brands noted a volatile economic environment that is impacting most retailers, but said it was in position to…

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Kroger hikes forecast after stronger grocery sales top estimates

The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Thursday raised its forecast for the year after its third-quarter earnings topped Wall Street expectations, with inflation continuing to push up the prices that shoppers pay for groceries like milk, eggs and other items. Shares rose about 3% in premarket trading. related investing news What investors are watching when Salesforce reports 3Q results on Wednesday Here’s what Kroger reported for the three-month period ended Nov. 5, compared with Refinitiv consensus estimates: Earnings per share:…

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5 things to know before the stock market opens Wednesday

Traders work on the floor of the New York Stock Exchange (NYSE) on November 29, 2022 in New York City. Spencer Platt | Getty Images Here are the most important news items that investors need to start their trading day: 1. Rate hike watch Federal Reserve Chair Jerome Powell is scheduled to speak at the Brookings Institution today, and investors will be listening for any clues on whether the central bank will slow or stop interest rate hikes. After four straight 0.75 percentage point increases to tame high inflation, many…

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Kroger, Albertsons CEOs defend grocery tie-up, say deal won’t hurt competition

Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Kroger and Albertsons should be allowed to combine is heating up. On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington, where they faced a series of questions about how the deal could shake up the competitive landscape — and potentially the prices that consumers pay at the store. related investing news Black Friday was better than feared for retail stocks…

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Cramer’s week ahead: Strong labor report could lead Fed to more aggressive rate hikes

CNBC’s Jim Cramer on Monday told investors that a key labor report could help drive the Federal Reserve’s inflation strategy. “We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries. If that doesn’t happen, if the numbers are truly strong, then the Fed heads will come out of the woodwork and start talking about how we need more enormous rate hikes,” he said. Stocks slid on Monday to start the week, weighed down by protests against Covid restrictions in…

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Beyond Meat is rolling out its steak substitute in grocery stores

Beyond Steak Source: Beyond Meat Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, Jewel-Osco, Sprouts and other local grocers. The announcement concludes a rocky month for the maker of meat alternatives. Beyond ousted Chief Operating Officer Doug Ramsey after he was arrested for allegedly biting another man’s nose. The company also announced plans to cut 19% of its workforce, or roughly 200 employees, as well…

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Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more

Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday: Roblox — Roblox shares shot up 21% after the online gaming company reported metrics for September that showed stronger engagement than a year ago. Apple — The tech giant saw its shares rally more than 2% after Morgan Stanley reiterated the stock as overweight. The Wall Street firm said Apple would fare better than other technology companies in the event of an economic downswing, thanks to its loyal user base. Continental…

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Kroger has to win over Wall Street and Washington on its Albertsons deal – here’s how it plans to do that

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Kroger knows it needs the blessing of investors and federal regulators to pull off its $24.6 billion deal to buy rival grocery company Albertsons. It started making its case Friday, when the companies announced the deal. Kroger said the combination would lower food prices in a time of high inflation, boost profitability and speed up innovation in an otherwise fragmented industry. If approved, the grocers would become a…

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