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Food price inflation will continue through 2023 and be passed on to consumers, making grocery chain Kroger's a 'buy', Bank of America says

Bank of America said US consumers are accepting the bulk of food price increases as average hourly …

Carla Mozée   


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Kroger says it is not accepting bitcoin cash after fake press release sends the crypto briefly soaring

Media outlets initially fell for the hoax, which led to a brief 5% bitcoin cash price rally.

Isabelle Lee   


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Reddit darling Bed Bath & Beyond soars as much as 90% in a likely short squeeze after revealing Kroger tie-up

The retailer said it would offer an extensive range of its home and baby products through Kroger's …

Shalini Nagarajan   


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Grocer Kroger is the only stock in the S&P 500 that gained amid Thursday's market rout

Kroger managed to gain amid Thursday's broader market slump when analysts at BMO boosted their pric…

Carmen Reinicke   


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Warren Buffett's Berkshire Hathaway sold Biogen, halved its Merck stake, and boosted its Kroger bet. Here's a closer look at its key trades in Q2.

Buffett's company established stakes in Merck, AbbVie, and Bristol Myers Squibb in the second half …

Theron Mohamed   


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Best Buy falls 17% as wave of organized retail theft hits the big box electronics chain, squeezing profit margins

"We are definitely seeing more and more organized retail crime and incidence of shrink in our locat…

Matthew Fox   


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Warren Buffett scores a $570 million gain on his new Japanese stocks in just 2 days

Buffett's company revealed 5% stakes in five Japanese giants on Sunday, sending their stock prices …

Theron Mohamed   


Zahra Tayeb   


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Los Angeles County will mandate an extra $5 per hour in 'hero pay' for frontline grocery and drugstore workers

Other West Coast cities, including Seattle, San Francisco, and Long Beach, have implemented similar…

Mary Meisenzahl   


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10 mins read

Why does everything cost so much? Because businesses are 'hiding behind inflation to jack up prices.'

Why does everything cost so much? Because businesses are "hiding behind inflation to jack up prices…

Juliana Kaplan   


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Americans are reportedly paying the biggest-ever premium for diesel at the pump after its price rose 50%

The ongoing war in Ukraine has triggered supply shocks, driving average diesel prices up to $5.35 a…

George Glover   


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US stocks trade mixed to close a losing week as 10-year Treasury yield hits fresh 3-year high

US stocks closed out their worst week in a month, as investors weighed developments with Ukraine as…

Phil Rosen   


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Jim Simons' RenTech fund nearly doubled its AMC stake, reinvested in GameStop, and trimmed its Tesla bet last quarter

The hedge fund run by the ex-NSA codebreaker and MIT math professor has ramped up its AMC bet by 80…

Theron Mohamed   


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Warren Buffett's Berkshire Hathaway reveals it built a $4 billion stake in Taiwan Semiconductor - and added Jefferies to its stock portfolio

Buffett's company boosted its Chevron and Occidental Petroleum bets last quarter, and reduced its w…

Theron Mohamed   


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TuSimple could jump 36% as the company leads the race in the $4 trillion autonomous trucking market, BofA says

TuSimple hopes to have more than 7,500 autonomous trucks in operation by the end of 2024, ramping t…

Will Daniel   


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3 mins read

US stocks climb to new records as jobs data shows labor-market recovery after dismal September report

Positive results on Pfizer's COVID-19 pill also helped spark a broad rally among travel-related sto…

Isabelle Lee   


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Warren Buffett's Berkshire Hathaway topped up its Apple and Chevron stakes last quarter - and sold the last of its Verizon stock

Buffett's company boosted its bets on Activision Blizzard and Paramount, but trimmed its wagers on …

Theron Mohamed   


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Warren Buffett's Berkshire Hathaway sold its Biogen stake last quarter - and slashed its pharmaceutical bets

The famed investor's company also sold some Chevron and General Motors shares, and boosted its stak…

Theron Mohamed   


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1 min read

Warren Buffett's Berkshire Hathaway reveals Aon stake, slashes Chevron and Wells Fargo

The famed investor's company also boosted its Verizon and Kroger bets and reduced its pharmaceutica…

Theron Mohamed