Kroger and Albertsons to move forward with $25 billion merger

Kroger — the parent company of King Soopers, the state’s largest grocery store chain headquartered in Denver – will merge with Albertsons in a move that will impact two of Colorado’s well-known retailers. The Friday announcement joins King Soopers and Safeway, which operates under Albertsons Companies Inc. Kroger, headquartered in Cincinnati, Ohio, and Albertsons, based in Boise, Idaho, are both […]

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Tesla Starts Semi Production; First Delivery To Pepsi In Dec.

Tesla CEO Elon Musk announced that the luxury electric vehicle maker has started the production of Tesla Semi electric trucks, and the first delivery will be to food and beverages giant Pepsico Inc. starting December 1. In a tweet, Musk said, “Excited to announce start of production of Tesla Semi Truck with deliveries to @Pepsi on Dec 1st!” Musk added […]

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Elon Musk Under Federal Investigation Over Twitter Deal, According To New Court Filing From Social Media Giant

Elon Musk is under federal investigation in connection with his long-aborning deal to buy Twitter, according to multiple credible reports which cite a legal filing today by the social media company. There were no specifics in the document beyond the indication that Musk is “presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter” which, […]

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‘The Piano Lesson’ Broadway Review: Samuel L. Jackson, John David Washington & Danielle Brooks Rouse The Ghosts In A Spirited Revival

There’s abundant magic still in The Piano Lesson, August Wilson’s grand, 1987 Pulitzer Prize winning tale of a Black family torn between legacy and ambition, the past and the future, and, it’s not an overstatement to note, between life and death. In the new beautifully performed production opening on Broadway tonight at the Ethel Barrymore Theatre, first-time Broadway director LaTanya […]

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The City With the Highest Foreclosure Rate in America

For almost the entire period from mid-2020 to recently, the real estate market has been more than healthy. The S&P Case-Shiller home price index was up 20% year over year for many months. However, the low interest rate mortgages that fueled that are gone. As the real estate market has started to level, foreclosures have begun to rise. Poor cities […]

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AMC Gets Crushed

AMC Entertainment Holdings Inc. (NYSE: AMC), the stock of which has been whipsawed by rogue traders, day traders and sophisticated hedge funds, has posted a 52-week low. Despite all the people who made money in the shares, some must have been crushed as the price collapsed. The reason for the sell-off is the most time-tested reason in the financial world. […]

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