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Kroger-Albertsons Merger Delayed By Lawsuits, Community Concerns
If approved, the combination would create a grocery giant with $226 billion in revenue (not counting divestitures) rivaling market leaders Walmart and Costco. The reach of 5,000 stores has antitrust regulators concerned.
US Recession Likely, Says Deutsche Bank Chief Economist
While the US Federal Reserve and some economists are predicting that the US economy is headed toward a soft landing after the rampant inflation and high interest rates during the past two years, there is a dissenting voice about the trajectory of the world’s largest economy.
Global Business Optimism Wobbles, Says JPM PMI
Global business optimism dipped in May to its weakest level in five months as export orders fell for the fifteenth consecutive month, a sign that demand for goods around the world remains “lackluster,” according to the JPMorgan Global Manufacturing PMI.
Federal Reserve Launches FedNow, Steps From CDBC
The Fed’s early solution to Central Bank Digital Currencies has already arrived. FedNow, the recently announced program for nationwide, instant payments between financial institutions, will launch in July offering greater flexibility with time-sensitive payments.
