Overnight US stocks | Investors eagerly await inflation data, three major indexes slightly down, NVIDIA continues to hit new all-time highs.
27/02/2024
GMT Eight
FTCFTCThe court has filed a lawsuit to block the $24.6 billion acquisition of the second largest chain of supermarkets, Albertsons, by the largest chain of supermarkets in the United States, Kroger (KR.N). If the deal goes through, it will create one of the largest grocery retailers in the United States. The director of the FTC's Competition Bureau stated, "Kroger's acquisition of Albertsons will result in further increases in the prices of everyday goods, exacerbating the financial pressures currently faced by American consumers." "Under this deal, important grocery store workers will also be affected, facing threats of reduced wages, reduced benefits, and deteriorating working conditions." Kroger stated in a statement that blocking this deal "would actually harm the people FTC claims to serve: American consumers and workers." Albertsons, in a statement, stated that federal regulators are ignoring the growing dominance of large retailers such as Walmart.Boeing (BA.US) aircraft delivery delays may lead to the largest low-cost airline in Europe cutting summer flights. Recently, Ryanair, the largest low-cost airline in Europe, stated that due to further delays in Boeing aircraft deliveries, they may have to reduce the number of summer flights. At the same time, ticket prices may also increase. In a statement to Reuters, Boeing confirmed that they have informed some airlines that aircraft deliveries may be delayed because Boeing needs to ensure that the aircraft meets all regulatory standards before delivery. O'Leary said that the delayed aircraft deliveries mean that Ryanair will have to cut the number of summer flights. Ryanair stated that they are currently negotiating with Boeing for compensation for the losses caused by the delayed deliveries.