Writing the summary…
Stocks made a record high. Two big bearish trades point to skepticism
Source: CNBC
Original reporting
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BBC Business
Boots sold in £7bn deal to Canadian billionaire family
The sale of the High Street chain was announced on Wednesday.
CNBC
Disney+ to stream upcoming Super Bowl
Disney+ will also air two Monday Night Football games leading up to the championships.
The Guardian2 outlets
Ex-Barclays traders jailed for rigging interest rates have convictions quashed
Acquittals of five former bankers come year after supreme court overturned ruling against City trader Tom Hayes Five more former traders who were jailed for rigging interest rates have had their convictions quashed by the court of appeal in London, after a long battle to clear their names. The court overturned the convictions of Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham – all of whom worked at Barclays. Continue reading...
The Guardian
Canada’s Weston family buys Boots for $8.9bn
Former Selfridges owners buys UK high street institution from long-term backer Stefano Pessina The Canadian family that once owned Selfridges department store has bought UK pharmacy and beauty retailer Boots for $8.9bn (£6.74bn). Wittington Investments, the holding company of the Weston family that controls the Loblaws grocery chain and Drugmart pharmacy chain in Canada, will own Boots’ UK and Irish retail operations and opticians chain, the No7 beauty brand and a franchise arm in Thailand. Continue reading...
CNBC
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
CNBC
Meta's Muse assistant tops app charts. Now it needs to become a habit
Meta’s Muse is free for now as the company searches for a business surrounding its personal AI agent.