The F.T.C. Boosts Biden’s Fight Against Inflation
Summary
Kroger, Albertsons and the politics of inflation A paradox at the heart of the U.S. economy is that consumers are feeling squeezed even as growth indicators look strong — and are taking it out on President Biden’s approval ratings. and several states on Monday to block Kroger’s $25 billion bid to buy Albertsons, arguing that the biggest supermarket merger in U.S. history would raise prices and hit union workers’ bargaining power. Semiconductor companies have asked for roughly double the money set aside to help bolster domestic chip production, according to Commerce Secretary Gina Raimondo. Citi’s board recently raised her annual pay to $26 million, citing her announcing what it called “the most consequential set of changes to its organizational and management model since the 2008 financial crisis.” Analysts have doubts that this time will be different. He’ll also have the title of executive vice chair, which means that he “will help shape and drive our firm wide strategy and assist me with key strategic initiatives,” Fraser wrote in an internal memo on Monday.