Author: Reuters Econ

Japanese retailer Seven & i holdings has received a takeover offer from Canada’s Alimentation Couche-Tard , the Nikkei newspaper reported on Monday.

U.S. stock index futures edged lower on Monday after Wall Street notched up its best week of the year, while investors looked ahead to the centerpiece event of the week – Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.

Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs note seen by Reuters on Monday showed.

A look at the day ahead in U.S. and global markets from Samuel Indyk

Investors fleeing the copper market are likely to be sidelined for many months, leaving the field clear for physical players who expect demand in top consumer China and elsewhere to deteriorate over coming months and weigh on prices.

Canada’s Alimentation Couche-Tard confirmed on Monday it has made an offer to buy Japan’s Seven & i .

The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority of economists polled by Reuters who said a recession is unlikely.

U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.

Kroger sued the U.S. Federal Trade Commission on Monday, seeking to block the regulator from reviewing the grocery chain’s proposed $25 billion merger with smaller rival Albertsons , calling the FTC’s in-house tribunal unconstitutional.

Republican presidential candidate Donald Trump on Monday will reiterate he would block Nippon Steel’s planned purchase of U.S. Steel and move to rescind Biden administration power plant pollution rules.