February 26, 2024

Markets Now February 26, 2024

US government sues to block Kroger and Albertsons’ $25 billion mega-merger

The Federal Trade Commission and XX states sued XXX to block the $25 billion merger between Kroger and Albertsons.  
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Texas man eavesdropping on wife’s phone calls faces criminal charges — and divorce — after $1.76 million insider trading plot

The US Securities and Exchange Commission on Saturday charged Houston, Texas-based Tyler Loudon with insider trading, after he allegedly became aware of oil- and gas producer BP’s acquisition of truck stop and travel center operator TravelCenters of America ahead of the announcement – by eavesdropping on his BP mergers and acquisition manager wife’s work-from-home calls.  
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Premarket stocks: Why you can feel good about your job prospects for a while longer

The US economy isn’t out of the woods yet, but it’s doing a lot better than many forecasters thought it would.  
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Warren Buffett: Berkshire’s boom days may be over as his company approaches $1 trillion in value

Berkshire Hathaway neared a $1 trillion market valuation Monday after a record-breaking year, but CEO Warren Buffett warned in his annual letter to investors that more skyrocketing performances are likely a thing of the past.  
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In China’s battle of the lattes, Luckin Coffee keeps beating Starbucks

Luckin Coffee, the Chinese chain that has been rebuilding its business since a fraud scandal four years ago, has reported a commanding sales lead over rival Starbucks in the important China market.  
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Albert Einstein College of Medicine to offer free tuition after billion-dollar gift

Students at the Albert Einstein College of Medicine in New York will receive free tuition after a $1 billion dollar donation from a former faculty member.  
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Source: CNN Business

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