May 17, 2024
Funds

Large Fund Bets Big on Groceries Through Walmart, Kroger Stock

One of the first sovereign-wealth funds, and the largest at the state level in the U.S., just made a big bet on groceries as inflation continues to pressure American consumers. Alaska Permanent Fund tripled its investments in shares of Walmart and Kroger —the respective No. 1 and No. 2 players in terms of their share

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Investors

The Dow struggles to recover as investors await inflation data and the Fed

Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation

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