91 Colorado Safeway stores will be sold if the Kroger-Albertson merger goes through

DENVER – A total of 91 Safeway locations in Colorado will be sold to C&S Wholesale Grocers under a new deal in the ongoing saga of the proposed merger of Kroger and Albertsons. The companies announced the updated divestiture plan Monday in their latest effort to address federal government concerns about the plan to combine … Read more

The Las Vegas-LA high-speed electric line just launched

Brightline West, a future electric high-speed rail line between Las Vegas and Los Angeles, launched today in Nevada. On December 6, 2023, Electricity reported that the Biden administration has awarded Brightline West $3 billion in funding. The money was part of the $6 billion previously earmarked for high-speed rail, and came from the Biden administration’s … Read more

Tennessee’s governor says Volkswagen workers made a mistake in the UAW union’s vote

GALLATIN, Tenn. (AP) — Tennessee’s Republican Governor Bill Lee said Monday he thinks workers at a Volkswagen plant in Chattanooga made a mistake by voting in favor unions under the United Auto Workers in a landslide elections but recognized that the choice was ultimately theirs. Before the vote, Lee and five other southern Republican governors … Read more

How Bitcoin’s Halving Will Drive Action to Tier 2

Welcome to “Epoch V” of Bitcoin. On April 20, Bitcoin underwent its fourth successful halving, the programmed cut in the amount of new bitcoin (BTC) that enters circulation through mining. While the event itself is a bit of a barn burner – a moment for people around the world to celebrate virtually and in person … Read more

The S&P 500 snaps a six-day losing streak before Big Tech’s big profit rush

Stock markets have recovered from their recent slump on Monday. But bearish strategists on Wall Street still see significant concerns that won’t go away anytime soon for stock investors. With Federal Reserve expectations for rate cuts fading, signs of inflation remaining persistent and stocks still trading at above-average valuations, many believe the market is in … Read more

FTC will block Tapestry’s acquisition of Capri

The Federal Trade Commission today filed a lawsuit challenging Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited. block, a deal that aims to combine three close competitors: Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the deal would eliminate direct head-to-head competition between the Tapestry and Capri brands. It … Read more