Senate Republicans’ proposal to replace Obamacare would provide an additional $50B to stabilize insurance exchanges.Read More »
While Amazon.com Inc. (AMZN) and Whole Foods Market Inc. (WFM) contend that the upscale grocer will be operated the same as it's always been, Kroger Co. (KR) isn't buying it. In response to a question about the possible effect the Amazon-Whole Foods proposed merger will have on Kroger, company CFO Michael Schlotman, speaking at the Oppenheimer Consumer Conference on Wednesday, June 21, said he's not too worried about it at this point, but that it will be "interesting" to see how it evolves. Watch: Did Amazon Make a Mistake Saying There Are No Antitrust Issues With the Whole Foods Deal? "I really wouldn't speculate on a merger that's out there like that," Schlotman said. "But I'm guessing [Amazon]
Sameer Syed believes that Wall Street alumni have a lot to offer the tech world — but he knows firsthand how hard switching industries can be. Syed started off as an investment banker at JPMorgan, landing his first job as an analyst in 2007. In 2012, he left to join the realm of tech startups.
WASHINGTON (AP) -- Long-term U.S. mortgage rates dropped slightly this week. Mortgage buyer Freddie Mac says the benchmark 30-year, fixed-rate mortgage averaged 3.90 percent, down from 3.91 percent last week. The