Dernières nouvelles pour Carrefour (OTC:CRRFY) Stock

CARREFOUR S.A.

Carrefour is a multiformat retailer with operations in more than 40 countries, with tens of thousands of shops globally, over 1,000 drive-thru locations, and about 305,000 employees. Although hypermarkets still account for the bulk of sales in France, the company, founded in 1959, is expanding away from its initial large hypermarket style. Due to its emphasis on creating smaller stores, its exposure to the nonfood sector has decreased. Approximately 74% of sales are generated in Europe and the rest in Latin America.

Carrefour

After a three-month impasse over grocery prices,&nbsp;Carrefour&nbsp;SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRRFY#OTC">CRRFY</a>) stores in France have restocked&nbsp;PepsiCo&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) and&nbsp;Cheetos, signaling the resolution of a dispute between the food giant and one of Europe's largest grocers.
Carrefour and PepsiCo have reached a deal allowing PepsiCo products back on French shelves. Negotiations for returns in four other countries are ongoing, reported The&nbsp;<a target="_blank" href="https://www.wsj.com/business/retail/pepsico-and-carrefour-end-food-fight-returning-snacks-and-drinks-to-shelves-a01316c3?mod=retail_news_article_pos3" rel="noreferrer noopener">Wall Street Journal</a>.
As per the report, Carrefour France executive director Alexandre de Palmas expressed delight, posting a photo with Pepsi and stating, "It's a pleasure to see friends we haven't seen in a long time."
In early January, Carrefour ceased carrying PepsiCo products due to&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36552271" rel="noreferrer noopener">"unacceptable price increases," sparking a public disagreement.</a>
The rift intensified as negotiations failed to resolve pricing disputes, echoing broader concerns over soaring food prices.
The feud affected about 10,000 Carrefour stores across multiple European countries.
Carrefour stores in those five countries account for about 0.27% of PepsiCo's global revenue, the report cited Bernstein analyst Callum Elliott.
Price Action: PEP shares traded higher by 0.64% at $170.74 on Thursday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by ja-san-miguel for Unspalsh

News

Media

General

CRRFY

Pepsi And Cheetos Return To Carrefour Shelves: Report

French pharmaceutical giant&nbsp;Sanofi SA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sny#NASDAQ">SNY</a>) is making an unconventional stride by sponsoring the 2024 Olympic Games in Paris in an effort to rejuvenate the company&#39;s image, attract a younger workforce, and showcase its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/12/36129169/sanofi-lays-out-ambitious-plans-to-bolster-its-pipeline-highlights-12-blockbuster-opportunities" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">commitment to diversity and innovation</a>.
Joining hands with other prominent French entities like&nbsp;LVMH-Moet Hennessy Louis Vuitton SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/lvmuy#OTC">LVMUY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lvmhf#OTC">LVMHF</a>) and&nbsp;Carrefour SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crerf#OTC">CRERF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>), Sanofi&#39;s sponsorship reflects its aspiration to engage young professionals, particularly those in data management and data science.
Sanofi&#39;s involvement extends beyond sponsorship, backing 14 individuals in Paris, including British Paralympic swimmer Ellie Challis.
Moreover, the company plans to showcase its commitment by having over 8,000 employees participating in various roles throughout the Games, investing substantially in financial backing and internal rewards programs.
While exact figures remain undisclosed, the Reuters report speculates Sanofi&#39;s investment to be a significant portion of the overall sponsorship fees, estimated between &euro;80 million-&euro;150 million.
Industry experts like Nick Blenkarne, head of strategy at branding agency Imagination, perceive Sanofi&#39;s move as an opportunity to reshape brand perception, attract business customers, and foster a positive organizational culture.&nbsp;
However, it remains uncertain whether this sponsorship will influence investor sentiments, especially amidst Sanofi&#39;s recent financial challenges and strategic&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/12/36086545/investor-demand-for-clarity-grows-amid-sanofis-strategic-r-d-shift" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">shifts in its business model</a>.
Price Action:&nbsp;SNY shares closed at $51.76 on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Biotech

Large Cap

Penny Stocks

Health Care

CRERF

LVMHF

LVMUY

Sanofi's Olympic Endeavor: Leap Into Olympic Sponsorship Signals Cultural Transformation

PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) stated on Monday that it was the one to initiate the split with French supermarket giant Carrefour (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRRFY#OTC">CRRFY</a>), not the other way around.
What Happened: The Wall Street Journal <a href="https://www.wsj.com/business/retail/pepsico-products-lays-carrefour-grocery-fe00a6b5?mod=hp_lead_pos1">reported</a> that PepsiCo announced its decision to stop supplying Carrefour&#8217;s European stores due to an impasse in negotiations for a new contract. This move was made public on Monday, further escalating the rift over price increases.
Carrefour had previously declared it would cease selling PepsiCo products in France, Italy, Spain, and Belgium, citing unacceptable price hikes. According to Bernstein analyst Callum Elliott, PepsiCo&#8217;s decision to stop supplying Carrefour in these countries accounts for approximately 0.25% of its global revenue.
A PepsiCo spokesman countered Carrefour&#8217;s stance on the matter, stating, &#8220;Regrettably, Carrefour has mischaracterized the chain of events.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/01/36550785/saudi-arabia-secures-12b-in-largest-foreign-debt-borrowing-since-2017">Saudi Arabia Secures $12B In Largest Foreign Debt Borrowing Since 2017</a>
The spokesman added, &#8220;We hope we can agree on terms soon so our products can be back on their shelves for consumers to enjoy.&#8221;
Carrefour responded on Monday, stating, &#8220;We, at the Carrefour Group, have taken this decision.&#8221;
Why It Matters: The dispute <a href="https://www.benzinga.com/markets/equities/24/01/36485738/price-wars-escalate-carrefour-reportedly-drops-pepsico-products-in-france">between PepsiCo and Carrefour is rooted</a> in their negotiations for new pricing agreements, which have been ongoing for several months. The French government has been urging suppliers to reach agreements with retailers for lower prices, given France&#8217;s double-digit food price inflation in 2022, which reached nearly 16% in March 2023.
In August, French finance minister Bruno Le Maire accused Unilever, Nestlé, and PepsiCo of not cooperating with a government-led agreement to freeze or reduce prices on thousands of products. The government subsequently announced plans to force food producers to start annual price negotiations with grocers months earlier than usual, intending to implement price cuts in January.
Carrefour has been publicly pressuring suppliers to lower prices since last summer, with CEO Alexandre Bompard attributing soaring prices to supplier refusals to renegotiate prices despite falling inflation and government pressure.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36550736/expert-says-bitcoin-etfs-could-face-premiums-of-up-to-8-it-will-be-some-crazy-numbe">Expert Says Bitcoin ETFs Could Face Premiums Of Up To 8%: &#8216;It Will Be Some Crazy Number&#8217;</a>
Image: Shutterstock by Zety Akhzar
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Markets

Pepsico Reportedly Initiated Grocery Breakup Over Price Hike Dispute, Not Carrefour: 'Mischaracterized The Chain Of Events'

French retail giant&nbsp;Carrefour SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>) reportedly will cease selling products from&nbsp;PepsiCo Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>), such as Pepsi, Lay&#39;s crisps, and 7up, citing excessive price increases.
Starting Thursday, Carrefour stores in France will display notices informing customers of the discontinuation of PepsiCo products due to their &quot;unacceptable price increases,&quot; reported Reuters.
This move comes amid PepsiCo&#39;s October statement about planned modest price hikes for the year due to sustained demand.
The dispute reflects a broader trend where retailers in various countries, including Germany and Belgium, have halted orders from consumer goods companies in response to price increases, as per the report.&nbsp;
It remains unclear if existing PepsiCo products on Carrefour shelves will be removed.
Carrefour, known for actively challenging price increases by major consumer product companies, previously initiated a &quot;shrinkflation&quot; campaign, warning customers about products that reduced in size but saw price hikes.
The retailer&#39;s latest move exclusively affects its stores in France, further added the report.
In an attempt to curb inflation, the French government has urged retailers and suppliers to conclude annual price negotiations by January, two months ahead of the usual schedule.
Reuters report cited recent data from the INSEE statistics office, showing a 4.1% year-on-year rise in consumer prices in December in France, with food inflation slightly declining.
Price Action: CRRFY shares closed lower by 1.08% at $3.66 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company

Equities

Price Wars Escalate: Carrefour Reportedly Drops PepsiCo Products In France

BIO-key International Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) disclosed&nbsp;Carrefour&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>) is integrating the AuthControl Sentry cloud solution in Spain in partnership with Evolutio, BIO-key&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/g36394272/carrefour-strengthens-enterprise-cybersecurity-in-spain-with-bio-keys-authcontrol-sentry-cloud-sol" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Swivel Secure Europe subsidiary partner.</a>
The deal is part of Carrefour&#39;s ongoing commitment to data security. The solution protects access to critical services and reinforces the highest standards of data security and privacy.
AuthControl Sentry is now a key component in safeguarding the authentication process for Carrefour&#39;s 6,500 Spanish employees.
Alex Rocha, Managing Director of BIO-key Europe, said, &quot;BIO-key Europe is committed to delivering top-tier security solutions that empower businesses like Carrefour to operate with confidence and resilience in an increasingly digital world. Our AuthControl solution not only enhances operational efficiency but also ensures the utmost security for our customers, their employees and critical data.&quot;
Earlier this month, BKY disclosed a partnership with Ping Identity to offer its Biometric&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/g36174625/bio-key-partners-with-ping-identity-to-bring-its-cutting-edge-biometric-authentication-to-ping-cus" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Authentication to Ping customers</a>.
Price Action: BKYI shares are up 9.09% at $3.00 premarket on the last check Wednesday.

Contracts

Small Cap

Movers

BKYI

Why Biometric Solutions Provider BIO-key Shares Are Trading Higher Today

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34552899/investor-frenzy-over-arms-ipo-pushes-valuation-to-new-heights-could-skyrocket-to-54b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Investor Frenzy Over Arm&#39;s IPO Pushes Valuation To New Heights, Could Skyrocket To $54B</a>
<ul>
<li>The UK-based chip design firm&nbsp;Arm Holdings&nbsp;is gearing up for a blockbuster initial public offering that could value the company at a staggering $54 billion. The IPO is slated to be the most significant in the tech sector in two years.</li>
<li>Arm and its parent company,&nbsp;SoftBank&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftbf#OTC">SFTBF</a>), are in the final stages of pricing their shares for the IPO.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34575134/goldman-axed-top-banking-executive-amid-communication-violation-scandal-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Goldman Axed Top Banking Executive Amid Communication Violation Scandal</a>
<ul>
<li>Goldman Sachs Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) has reportedly dismissed multiple employees from its budding corporate cash management division due to severe violations of its communications guidelines.&nbsp;</li>
<li>Four workers were terminated, including the Bank&#39;s partner,&nbsp;Hari Moorthy, the global head of transaction banking.</li>
<li>Earlier, banking institutions have paid fines for unapproved messaging apps such as WhatsApp to conduct company business.</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34567797/hiring-pullback-google-slashes-jobs-in-global-recruiting" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Hiring Pullback: Google Slashes Jobs in Global Recruiting</a>
<ul>
<li>Alphabet Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;Google&nbsp;is undergoing a significant workforce reduction in its global recruiting department as part of a larger-scale hiring slowdown projected for the coming quarters.&nbsp;</li>
<li>Despite the difficulty of this decision, Brian Ong, Google&#39;s Vice President of Recruiting, emphasized its necessity in light of the reduced hiring needs for the foreseeable future.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34551446/starbucks-founder-former-ceo-to-leave-company-immediately-former-alibaba-exec-joins-board" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Starbucks Founder, Former CEO To Leave Company Immediately; Former Alibaba Exec Joins Board</a>
<ul>
<li>Starbucks Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) announced on Wednesday that founder and former CEO&nbsp;Howard Schultz&nbsp;is leaving the coffee chain&#39;s board effective immediately.</li>
<li>The move follows his departure as CEO in March of this year.</li>
<li>Reflecting on his 41-year tenure, Schultz thanked the company&#39;s employees and shareholders, and gave his support for the next generation of Starbucks leadership.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34580472/marvels-vfx-artists-vote-for-unionization-amid-industry-labor-struggles" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Marvel&#39;s VFX Artists Vote for Unionization Amid Industry Labor Struggles</a>
<ul>
<li>Amidst the backdrop of ongoing labor strikes in Hollywood,&nbsp;Marvel Studios&#39;&nbsp;visual effects (VFX) workers have voted unanimously in favor of unionization under the International Alliance of Theatrical Stage Employees (IATSE).&nbsp;</li>
<li>This marks the first time a dedicated unit of VFX professionals has joined forces with the group.</li>
<li>In recent years, VFX artists have grappled with mounting workloads and stringent deadlines while working on some of the industry&#39;s most high-budget franchise films. These challenges have given rise to tensions between VFX professionals and the studios.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34568514/singapore-to-review-ride-hailing-regulations-grab-and-goto-on-the-radar" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Singapore To Review Ride-Hailing Regulations, Grab And GoTo On The Radar</a>
<ul>
<li>Singapore could subject ride-hailing companies like&nbsp;Grab Holdings Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grab#NASDAQ">GRAB</a>) to new rules after it hinted at a crackdown on the regulations and structure governing the fast-growing industry.</li>
<li>The Land Transport Authority looks to revise the framework for the taxi and ride-hailing industries, focusing on the availability of supply, resilience, and the inclusivity of services while overseeing the adoption of clean-energy vehicles.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34577685/krogers-home-chef-battles-grubhub-over-sizzling-fork-and-knife-logo-controversy-who-wins" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Kroger&#39;s Home Chef Battles Grubhub Over Sizzling Fork-And-Knife Logo Controversy: Who Wins?</a>
<ul>
<li>Kroger Company&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) Home Chef division, flaunting a fork-and-knife logo, faces a spicy twist as a U.S. appeals court wasn&#39;t swayed by their claim that Grubhub&#39;s look-alike logo could confuse consumers. Grubhub is part of&nbsp;Just Eat Takeaway.Com N.V.&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jtkwy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JTKWY</a>).</li>
<li>The legal tiff began as Home Chef and Grubhub used strikingly similar fork and knife logos.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34575526/shrinkflation-shame-french-supermarket-carrefour-targets-pepsico-unilever-and-others-by-issuing-pric" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&#39;Shrinkflation&#39; Shame!: French Supermarket Carrefour Targets PepsiCo, Unilever and Others By Issuing Price Alerts</a>
<ul>
<li>Carrefour&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/crerf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CRERF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/crrfy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CRRFY</a>) has taken a proactive stance by issuing price alerts on several products as a strategic move to exert pressure on leading consumer goods suppliers such as&nbsp;Nestle SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGY</a>),&nbsp;PepsiCo Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/pep#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PEP</a>), and&nbsp;Unilever Plc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ul#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UL</a>) to combat inflation in anticipation of forthcoming contract negotiations.</li>
<li>Carrefour is affixing labels to products that have undergone downsizing while their prices have increased, even after a decline in raw material costs.&nbsp;</li>
<li>Carrefour has marked 26 products in its French stores with labels stating, &quot;This product has seen its volume or weight fall, and the effective price by the supplier rise.&quot;&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34573064/texas-billionaire-timothy-dunn-backed-us-oil-gas-player-explores-10b-sale" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Texas Billionaire Timothy Dunn Backed US Oil &amp; Gas Player Explores $10B Sale</a>
<ul>
<li>CrownRock&nbsp;is reportedly in the early stages of preparing for a potential sale, with insiders indicating that the company&#39;s valuation could surpass $10 billion, including its outstanding debt.&nbsp;</li>
<li>This prospective deal, slated for early 2024, could mark a significant milestone in the U.S. oil and gas industry, as it may be the largest transaction involving an oil and gas producer in the past three years.</li>
<li>Notable oil industry giants like&nbsp;Exxon Mobil Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/xom#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">XOM</a>) and&nbsp;Chevron Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cvx#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CVX</a>) are expected to be approached to gauge their interest in the potential acquisition of CrownRock.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/etfs/sector-etfs/23/09/34550410/airlines-caught-in-airfare-scandal-antitrust-lawsuit-shakes-delta-united" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Airlines Caught In Airfare Scandal: Antitrust Lawsuit Shakes Delta, United</a>
<ul>
<li>Delta Air Lines&nbsp;Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) and&nbsp;United Airlines&nbsp;Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) find themselves at the center of an antitrust class action lawsuit.</li>
<li>The accusations? Conspiring to inflate airfares across the U.S. by artfully reducing available seats on domestic flights.</li>
<li>U.S. District Judge&nbsp;Colleen Kollar-Kotelly&nbsp;dropped a legal bombshell on Tuesday, greenlighting the antitrust class action lawsuit.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34577922/billionaire-ron-baron-holds-1b-stake-in-elon-musks-spacex-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Billionaire Ron Baron Holds $1B Stake In Elon Musk&#39;s SpaceX</a>
<ul>
<li>Ron Baron, the Billionaire investor and fund manager, reportedly holds more than $1 billion worth of shares in Elon Musk&#39;s rocket company, SpaceX.</li>
<li>Baron is a close associate of Musk and a long-time investor in the electric car company&nbsp;Tesla Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsla#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSLA</a>).</li>
<li>He has also invested about $100 million to take X, formerly Twitter, private.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/09/34577920/microsoft-faces-formal-eu-complaint-over-teams-app-despite-remediation-efforts" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Microsoft Faces Formal EU Complaint Over Teams App Despite Remediation Efforts</a>
<ul>
<li>Microsoft Corp&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) attempt to address EU concerns about its Teams video-conferencing app failed, with the European Union&#39;s antitrust enforcers now preparing a formal complaint against the tech giant.&nbsp;</li>
<li>Microsoft&#39;s proposal to separate Teams from its broader business software package and offer it to customers independently with an annual discount did not alleviate regulators&#39; worries.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34575486/electronic-arts-star-wars-visionary-stig-asmussen-departs-whats-next-for-the-gaming-giant" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Electronic Arts&#39; Star Wars Visionary Stig Asmussen Departs - What&#39;s Next for the Gaming Giant?</a>
<ul>
<li>Video game director Stig Asmussen, known for his role in reviving&nbsp;Electronic Arts Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) Star Wars game franchise, is bidding farewell to the company.&nbsp;</li>
<li>This news comes as a significant development in the gaming world. Electronic Arts confirmed Asmussen&#39;s departure.&nbsp;</li>
<li>An EA spokesperson noted that seasoned Respawn leaders would step up to continue their work on &quot;Star Wars Jedi: Survivor,&quot; ensuring a smooth transition.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/09/34436783/longeveron-nasdaq-lgvn-reports-100-5-year-survival-in-trial-for-rare-pediatric-disease-hlhs-compa" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AI Frenzy: OpenAI Expands Global Presence with New Dublin Office</a>
<ul>
<li>Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) backed&nbsp;OpenAI Inc.&nbsp;eyes a second base outside the U.S. office, this time in Dublin.</li>
<li>CEO Sam Altman praised Ireland&#39;s tech and startup ecosystem&#39;s &quot;impressive growth and advancement.&quot;&nbsp;</li>
<li>The ChatGPT parent previously announced its first outside the U.S. in June in London.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/mid-cap/23/09/34552387/casino-giants-face-cybersecurity-crisis-caesars-entertainment-falls-prey-to-hackers-post-mgm-attack" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Casino Giants Face Cybersecurity Crisis: Caesars Entertainment Falls Prey To Hackers Post-MGM Attack</a>
<ul>
<li>In a recent cybersecurity breach,&nbsp;Caesars Entertainment Inc.&nbsp;CZR reportedly paid millions to cyber attackers to prevent the leak of company data.</li>
<li>The fallout of this incident has led to a substantial drop in the company&#39;s share prices.</li>
<li>Caesars Entertainment&nbsp;reportedly paid a hefty sum to a group of hackers called&nbsp;&quot;Scattered Spider&quot;&nbsp;or&nbsp;&quot;UNC 3944.&quot; The cyber attackers breached the company&#39;s systems via an external IT vendor&#39;s network.</li>
</ul>

GOOG

GOOGL

GRAB

JTKWY

MSFT

NSRGF

Nestle Sponsored representing Registered Shares Series B

NSRGY

SBUX

SFTBF

TSLA

Arm's IPO Could Be Valued At $54B, Google Slashes Jobs in Global Recruiting, Starbucks Founder And Former CEO To Leave: Today's Top Stories

Carrefour&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crerf#OTC">CRERF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>) has taken a proactive stance by issuing price alerts on several products as a strategic move to exert pressure on leading consumer goods suppliers such as&nbsp;Nestle SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGY</a>),&nbsp;PepsiCo Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pep#NYSE">PEP</a>), and&nbsp;Unilever Plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) to combat inflation in anticipation of forthcoming contract negotiations.
Carrefour is affixing labels to products that have undergone downsizing while their prices have increased, even after a decline in raw material costs.&nbsp;
This action aims to garner consumer support as retailers brace themselves for negotiations with some of the world&#39;s largest brands, set to commence soon and conclude by October 15.
Carrefour has marked 26 products in its French stores with labels stating, &quot;This product has seen its volume or weight fall, and the effective price by the supplier rise.&quot;&nbsp;
Finance Minister&nbsp;Bruno Le Maire&nbsp;supports this stance and, in June, summoned 75 major retailers and consumer groups to his ministry, urging them to lower prices.&nbsp;
Following another round of meetings last month, Reuters noted, Le Maire stated that Unilever, Nestle, and PepsiCo were among the companies not adhering to the price reduction initiative.
Consumer groups argue that &quot;shrinkflation&quot; is widespread, with supermarkets like Carrefour engaging in it with their private label products.
The shrinkflation warnings are displayed in all Carrefour stores in France and will continue until the targeted suppliers agree to reduce their prices.&nbsp;
While the retailer may extend these warnings to other products, there are no plans to expand this initiative to other countries.
Le Maire announced last month that consumer goods companies and retailers had agreed to advance annual price negotiations to September, which typically take place next year. These negotiations will result in price reductions starting from January.

'Shrinkflation' Shame!: French Supermarket Carrefour Targets PepsiCo, Unilever and Others By Issuing Price Alerts

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/04/26445937/exxonmobil-ditches-russia-following-western-sanctions-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ExxonMobil Ditches Russia Following Western Sanctions</a>
<ul>
<li>Exxon Mobil Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) suspended its liquefied natural gas project in Russia&rsquo;s Far East following Western sanctions.</li>
<li>Exxon would pull out of managing extensive oil and gas production facilities on Sakhalin Island in Russia&rsquo;s Far East, putting the proposed multi-billion dollar LNG facility there in doubt.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26445137/carrefour-daphni-partner-to-launch-venture-capital-fund-focused-on-digital-retail-startups" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Carrefour, Daphni Partner To Launch Venture Capital Fund Focused On Digital Retail Startups</a>
<ul>
<li>French retail giant Carrefour (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>) has partnered with European venture capital firm Daphni to launch Dastore, a venture capital fund.</li>
<li>The fund aims to invest in early-stage startups addressing the digital retail space.</li>
<li>The fund will initially invest &euro;80 million by taking minority stakes in high potential emerging startups in France and globally.</li>
</ul>

WSJ
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26445499/starbucks-suspends-buyback-to-focus-on-investing-in-operations-schultz-takes-helm" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Starbucks Suspends Buyback To Focus On Investing In Operations; Schultz Takes Helm</a>
<ul>
<li>Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) said it would suspend its stock repurchasing program effectively immediately in order to focus on investing in the workforce and more stores.</li>
<li>The company&rsquo;s founder, Howard Schultz, returned as chief executive officer and board director after Kevin Johnson announced his retirement.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/04/26445126/tribes-industry-groups-agree-to-boost-us-hydroelectric-power-but-congress-needs-to-act" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tribes, Industry Groups Agree To Boost US Hydroelectric Power, But Congress Needs To Act</a>
<ul>
<li>Native American tribes, environmentalists, and the hydroelectric power industry have reached a deal on a proposed legislative package to boost clean energy and river conservation.</li>
<li>The compromise deal resulted from four years of talks between groups that involved disagreements on vanishing fish populations and changes to river ecosystems. The deal would require approval from Congress.</li>
<li>The deal seeks to grant approvals to add hydroelectric power to some existing dams in two years while speeding the approval of off-river pumped-storage projects, which store surplus energy for later use, in three years.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26441586/at-100b-this-chinese-fashion-e-tailer-could-become-the-most-valued-startup-after-tiktok-parent-space" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">At $100B, This Chinese Fashion E-Tailer Could Become The Most Valued Startup After TikTok Parent, SpaceX</a>
<ul>
<li>Chinese online fast-fashion retailer SHEIN is mulling a $1 billion funding that could shoot its valuation past the owners of H&amp;M, Uniqlo (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/frcoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FRCOY</a>) and Zara.</li>
<li>The e-tailer is in talks with potential investors, including General Atlantic, and successful funding could value the company at about $100 billion.</li>
<li>If it successfully achieves that mark, the e-tailer would be placed as the third most valuable startup globally, after ByteDance Ltd. and Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk&rsquo;s SpaceX, according to the report.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26445674/lme-under-scrutiny-by-fca-and-bank-of-england-over-recent-nickel-turmoil" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LME Under Scrutiny By FCA And Bank Of England Over Recent Nickel Turmoil</a> 
<ul>
<li>The U.K.&rsquo;s Financial Conduct Authority and Prudential Regulation Authority (PRA), part of the Bank of England, to investigate the LME&rsquo;s approach to its suspension and resumption of the nickel market in the wake of a short squeeze that sent prices soaring and resulted in the cancellation of trades.</li>
<li>LME plans to start an independent review into the events that led to the suspension of trading in the nickel market. The FCA and PRA said a third party would review the situation once the market settled down.</li>
</ul>

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26445613/electric-vehicle-dreams-remain-vulnerable-to-surging-battery-prices" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Electric Vehicle Dreams Remain Vulnerable To Surging Battery Prices</a>
<ul>
<li>Russia&rsquo;s Ukraine invasion has jeopardized the car industry&rsquo;s multibillion-dollar bet on cheaper electric vehicle batteries, rendering them unprofitable and uncompetitive.</li>
<li>Global demand played a crucial role in driving the prices of critical raw materials for EV battery manufacturing nickel, lithium, and cobalt.</li>
<li>But with Russia accounting for 11% of the world&rsquo;s nickel and supply chains already stretched, the war has sent the cost of such commodities skyrocketing.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26445528/sec-examinations-unit-to-strengthen-policing-against-private-fund-failings-ft" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SEC Examinations Unit To Strengthen Policing Against Private Fund Failings</a>
<ul>
<li>The Securities and Exchange Commission has tightened its policing of the booming market for unlisted assets with greater oversight of private funds.</li>
<li>Gary Gensler, SEC chair, has proposed that stricter rules covering fees, expenses, and performance metrics should be imposed on private funds following the publication by the SEC of a series of highly critical reports, known as risk alerts, which detailed numerous instances of rule-breaking.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26444862/breaking-elon-musk-acquires-9-2-stake-in-twitter" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BREAKING: Elon Musk Acquires 9.2% Stake In Twitter</a>
<ul>
<li>Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk has acquired a 9.2% stake in social media company Twitter Inc. (NYSE: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/twtr#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TWTR</a>), a 13G SEC filing from the latter revealed early Monday.</li>
<li>Musk has bought 73,486,938 shares in Twitter, with sole voting power, according to the SEC filing. The stake is worth $2.89 billion, considering Twitter&rsquo;s last closing price of $39.31.</li>
<li>Twitter shares jumped 29% in the pre-market session on Monday to $51.02 at the time of writing, as per data from Benzinga Pro. Tesla shares traded 1% higher at $1,096.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/04/26445795/novartis-to-strengthen-pipeline-boost-productivity-with-new-organizational-structure" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Novartis To Strengthen Pipeline, Boost Productivity With New Organizational Structure</a>
<ul>
<li>Novartis AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>) will integrate its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its structure, targeting savings of at least $1 billion by 2024.</li>
<li>Value creation through these operational improvements should ensure at least 4% sales growth in constant currency through 2026.</li>
<li>Novartis also expects to deliver at the high end of its IM margin guidance of the high 30s in the medium term and 40% or more in the mid-to-long term.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26441009/elizabeth-warren-thinks-buying-bitcoin-is-like-buying-air-has-this-to-say-about-dogecoin" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Elizabeth Warren Thinks Buying Bitcoin Is Like Buying Air, Has This To Say About Dogecoin</a>
<ul>
<li>Sen. Elizabeth Warren (D-Mass.) has equated buying Bitcoin BTC/USD with purchasing air in a recent media interview.</li>
<li>NBC&rsquo;s Chuck Todd asked Warren if he was buying Bitcoin, was he &ldquo;buying a share of stock, or am I buying a pork belly, or am I buying euros? What am I buying?&rdquo;</li>
<li>&ldquo;Or are you buying air?&rdquo; Warren replied, calling Bitcoin an &ldquo;ephemeral token&rdquo; and saying its value was tied to people&rsquo;s perceptions.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26441395/tesla-zips-past-the-million-mark-for-both-output-and-deliveries-over-past-12-months" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Zips Past The Million Mark For Both Output And Deliveries Over Past 12 Months</a>
<ul>
<li>Tesla Inc&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) production and delivery numbers shot past the one million mark each in the past 12 months, a first for the Elon Musk-led electric vehicle maker.</li>
<li>What Happened: Austin, Texas-based Tesla made 1.055 million electric vehicles and delivered 1.06 units in the past four quarters, starting from the second quarter of 2021.</li>
<li>Tesla on Saturday said it produced over 305,407 units and delivered over 310,048 in the first quarter of 2022 despite ongoing supply chain challenges and factory shutdowns.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26441396/apple-analyst-doesnt-see-3m-coolant-plant-shutdown-in-belgium-affecting-chip-supply" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Analyst Doesn&rsquo;t See 3M Coolant Plant Shutdown In Belgium Affecting Chip Supply</a>
<ul>
<li>Ming-Chi Kuo, a noted Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) analyst, said the impact on semiconductor supply from the shutdown of 3M Company&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmm#NYSE">MMM</a>) coolant plant in Belgium &ldquo;could be almost ignored.&rdquo;</li>
<li>Kuo&rsquo;s comments came after media reports indicated that 3 M&rsquo;s Belgium semiconductor coolant plant &mdash; which accounts for 80 percent of the global total semiconductor coolant output &mdash; has been closed indefinitely under tightened local environmental regulations to minimize the emission.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26441097/why-fitch-sees-price-hikes-in-china-hitting-low-end-ev-makers-more" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Fitch Sees Price Hikes In China Hitting Low-End EV Makers More</a>
<ul>
<li>Ratings agency Fitch said on Monday that the recent price hikes are likely to affect China&rsquo;s low-end electric vehicles more than high-end ones as buyers for more affordable vehicles are price sensitive.</li>
<li>Fitch said China&rsquo;s EV market is &ldquo;bright, given still-strong demand,&rdquo; and that it expects wholesale EV deliveries to rise by over 50% and their market share to exceed 20% in 2022.</li>
<li>&ldquo;Cost pressure for EV manufacturers increased in early 2022, as battery suppliers tried to pass on the surging raw-material costs ... by shifting from an annual to quarterly contract duration,&rdquo; Fitch said.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26441424/this-crypto-skyrocketed-210-last-week-leaving-bitcoin-ethereum-dogecoin-nowhere-in-sight" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Crypto Skyrocketed 210% Last Week, Leaving Bitcoin, Ethereum, Dogecoin Nowhere In Sight</a>
<ul>
<li>STEPN (GMT) shot up nearly 210% over the last seven days to emerge as the top gainer in the period. </li>
<li>Green Metaverse Token or GMT is the governance token of STEPN, a Solana (SOL)-based project that incentivizes exercises such as running and jogging.</li>
<li>GMT gains exceeded those of Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD last week. BTC and DOGE declined 1.45% and 2.55% last week, while ETH rose 5.7% in the same period.</li>
</ul>
Photo via Wikimedia Commons

$BTC

$ETH

AAPL

FRCOY

TWTR

Morning Brief: Top Stories Dominating Financial Media on Monday, April 4

<ul>
<li>French retail giant&nbsp;Carrefour&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.carrefour.com/en/actuality/dastore" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">has partnered with European venture capital</a>&nbsp;firm&nbsp;Daphni&nbsp;to launch&nbsp;Dastore, a venture capital fund.</li>
<li>The fund aims to invest in early-stage startups addressing the digital retail space.&nbsp;</li>
<li>The fund will initially invest &euro;80 million by taking minority stakes in high potential emerging startups in France and globally.</li>
<li>The move comes after Carrefour pledged to spend &euro;3 billion between 2022 and 2026 to step up digital expansion,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/retail-consumer/carrefour-launches-fund-invest-digital-retail-startups-2022-04-04/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reported</a>.</li>
<li>The investment will focus on business areas related to Carrefour&#39;s digital strategy priorities, such as new e-commerce businesses, data, and digital tools for operations and financial services in retail and logistics and supply chain.</li>
<li>Price Action:&nbsp;CRRFY shares closed at $4.31 on Friday.</li>
<li>Photo via Wikimedia Commons</li>
</ul>

FDIS

Rydex ETF Trust Rydex S&P Equal Weightnsumer Discretionary ETF

Merrill Lynch Retail HOLDRS Trust due 12/31/41

Carrefour, Daphni Partner To Launch Venture Capital Fund Focused On Digital Retail Startups

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26367351/carrefour-aims-to-install-ev-charging-stations-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Carrefour Aims To Install EV Charging Stations</a>
<ul>
<li>French retail giant Carrefour (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/crrfy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CRRFY</a>) is planning to install electric vehicle charging stations in its hypermarkets, Reuters reported.</li>
<li>The company will install 700 electric vehicle charging stations and 5,000 charging points by 2025.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/03/26367237/inverted-key-us-yield-curve-slice-probably-warns-of-recession-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Inverted Key US Yield Curve Slice Probably Warns Of Recession</a>
<ul>
<li>The U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, reflecting market concerns that the Federal Reserve could tip the economy into recession as it tackles inflation.</li>
<li>Reuters reported that the 2-year, 10-year spread briefly fell as low as minus 0.03 of a basis point before bouncing above zero to 5 basis points.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26367428/toyota-honda-register-higher-february-sales-despite-chip-supply-crisis-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Toyota, Honda Register Higher February Sales Despite Chip Supply Crisis</a>
<ul>
<li>Japanese automakers Toyota Motor Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) and Honda Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>) seem to shrug off supply chain constraints.</li>
<li>For February, Toyota said its group, including Daihatsu and Hino Motors Ltd, produced 884,528 vehicles globally, an 11% increase year on year.</li>
<li>Reuters notes that outside Japan, Toyota produced a record number of vehicles in February despite parts shortage due to the COVID-19 outbreak.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26365316/tesla-uaw-havent-talked-about-potential-union-vote-at-ev-makers-fremont-plant" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla, UAW Haven&rsquo;t Talked About Potential Union Vote At EV Maker&rsquo;s Fremont Plant</a>
<ul>
<li>Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and United Auto Workers (UAW) have not held any discussions over a potential union vote by workers at the electric-car maker&rsquo;s Fremont factory.</li>
<li>Earlier this month, Tesla CEO Elon Musk dared the UAW to hold a vote at their &ldquo;convenience&rdquo; at the Fremont factory in California and see if they managed to win.</li>
<li>Curry told reporters in an online press event on Tuesday that Tesla could drop an appeal of a U.S. National Labor Relations Board (NLRB) ruling and &ldquo;reinstate some workers who were actually terminated.&rdquo;</li>
</ul>

WSJ
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/03/26367945/omicron-ba-2-variant-represents-more-than-50-covid-19-cases-says-cdc-estimates-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Omicron BA.2 Variant Represents More Than 50% COVID-19 Cases, Says CDC Estimates</a>
<ul>
<li>According to the Centers for Disease Control and Prevention estimates, the omicron BA.2 variant represents approximately 55% of new COVID-19 cases in the U.S., as signs suggest infections are edging higher again in parts of the Northeast.</li>
<li>According to the Wall Street Journal report, the region has the highest BA.2 concentrations, including more than 70% in an area including New York and New Jersey.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/03/26367429/president-bidens-quest-for-more-oil-meets-resistance-amid-climate-change-tackle-fears-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">President Biden&rsquo;s Quest For More Oil Meets Resistance Amid Climate Change Tackle Fears</a>
<ul>
<li>Republicans have criticized President Biden for scolding the U.S. oil industry and pushing for alternative-energy sources even as Russia&rsquo;s invasion of Ukraine has emphasized the world&rsquo;s dependence on fossil fuels.</li>
<li>Analysts said the situation reflects Mr. Biden&rsquo;s limited options in addressing an energy shortfall precipitated by several factors, including the economic rebound following the COVID-19 pandemic.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26367954/who-is-the-unlikely-cast-behind-nickels-big-squeeze-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Who Is the Unlikely Cast Behind Nickel&rsquo;s Big Squeeze?</a>
<ul>
<li>It&rsquo;s been three weeks since nickel was suspended on the London Metal Exchange after a 250% price spike, and while trading has resumed, the market remains all but paralyzed.</li>
<li>Accusations have started to make rounds as the crisis worn-out. Investors are preparing lawsuits; the LME and its regulator, the Financial Conduct Authority, are likely to run investigations.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/general/entertainment/22/03/26367831/oak-view-group-plans-3b-entertainment-hub-in-las-vegas-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Oak View Group Plans $3B Entertainment Hub In Las Vegas</a>
<ul>
<li>Sports and entertainment investment company Oak View Group is planning to build an arena in Las Vegas, serving as the centerpiece of a new entertainment hub that includes a casino and hotel.</li>
<li>The company has acquired 25 acres on a 66.5-acre plot located near Harry Reid International Airport.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26367929/philip-morris-british-american-tobacco-at-loggerheads-as-industry-evolves" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Philip Morris, British American Tobacco At Loggerheads As Industry Evolves</a>
<ul>
<li>Arch-rivals Philip Morris International Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pm#NYSE">PM</a>) and British American Tobacco PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bti#NYSE">BTI</a>) now chased top patent lawyers to win disputes following intensifying inventions to deliver nicotine minus the harmful smoking effects.</li>
<li>The situation could intensify as the big players looked to exit Russia, the fourth-largest cigarette market by volume and an essential region for heated tobacco products.</li>
<li>More litigation is looming as the companies move into the smokeless category.</li>
</ul>

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26367350/sharp-uptick-in-home-prices-mortgage-rates-are-acting-as-deterrents-for-buyers-and-investors" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sharp Uptick In Home Prices, Mortgage Rates Are Acting As Deterrents For Buyers and Investors</a>
<ul>
<li>The U.S. housing market indicated signs of stress as a sharp uptick in mortgage rates and high home prices discouraged potential buyers and investors.</li>
<li>The S&amp;P CoreLogic Case-Shiller National Home Price Index rose 19.2% year on year in January.</li>
<li>Average interest rates for a 30-year fixed-rate mortgage in the U.S. swung to 4.42% after hitting a record low of 2.65% in January 2021.</li>
<li>Investors sought long-term cash flows concerned with rental properties and were more likely to start deploying capital elsewhere as the Fed raised interest rates.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26366226/heres-how-arm-looks-to-speed-up-its-us-ipo" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Here&rsquo;s How Arm Looks To Speed Up Its US IPO</a>
<ul>
<li>SoftBank Group Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftby#OTC">SFTBY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftbf#OTC">SFTBF</a>) owned Arm Ltd, looks to transfer shares in its China joint venture to a SoftBank special purpose vehicle to speed up its U.S. IPO, the Financial Times reports.</li>
<li>SoftBank will hold 28% of Arm China after the transfer, Bloomberg reports. Arm will hold less than 20% of Arm China and treat it as an uncontrolled affiliate.</li>
<li>Arm will continue receiving licensing revenues from Arm China but will not need to audit the company&rsquo;s financials.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/general/entertainment/22/03/26365206/amc-ceo-is-preparing-some-aromatic-crow-soup-crow-stew-and-crow-pie-for-wall-street-pros-he" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AMC CEO Is Preparing Some &lsquo;Aromatic Crow Soup, Crow Stew And Crow Pie&rsquo; For Wall Street Pros: Here&rsquo;s Why</a>
<ul>
<li>AMC Entertainment Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) CEO Adam Aron has taken a dig at Wall Street professionals who criticized the movie theatre chain&rsquo;s recent investment in gold and silver miner Hycroft Mining Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hymc#NASDAQ">HYMC</a>).</li>
<li>Aron took to Twitter to say he is preparing some &ldquo;aromatic&rdquo; crow dishes for the critics.</li>
<li>The CEO also noted that AMC and Hycroft Mining were the most active stocks on the stock exchanges for the second straight day on Tuesday.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/03/26364952/dogecoin-co-creator-says-community-needs-to-do-this-to-make-the-meme-coin-a-success" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Dogecoin Co-Creator Says Community Needs To Do This To Make The Meme Coin A Success</a>
<ul>
<li>Dogecoin DOGE/USD co-creator Billy Markus said the meme cryptocurrency needs to market itself as a digital currency.</li>
<li>Markus said there was no dearth of digital utility tokens and &ldquo;pointless speculation tokens,&rdquo; which are fueling &ldquo;infinite digital speculation.&rdquo;</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/03/26365329/this-ethereum-rival-is-seeing-an-explosion-of-large-transactions-on-high-institutional-dem" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Ethereum Rival Is Seeing An Explosion Of Large Transactions On High Institutional Demand: Here&rsquo;s What You Need To Know</a>
<ul>
<li>The surge in large on-chain transactions on the Cardano ADA/USD network this year point toward an increase in institutional demand.</li>
<li>The volume of on-chain transactions larger than $100,000 has risen by 50x in 2022, according to a tweet by IntoTheBlock, a cryptocurrency intelligence firm.</li>
<li>&ldquo;Yesterday, a total of 69.09b $ADA were moved in these large transactions, representing 99% of the total on-chain volume,&rdquo; said IntoTheBlock on Monday.</li>
</ul>

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

SFTBY

Morning Brief: Top Stories Dominating Financial Media on Wednesday, March 30

<ul>
<li>French retail giant&nbsp;Carrefour&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>) is planning to install electric vehicle charging stations in its hypermarkets,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/sustainable-business/carrefour-plans-ev-charging-stations-french-hypermarkets-supermarkets-2022-03-30/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reported</a>.</li>
<li>The company will install 700 electric vehicle charging stations and 5,000 charging points by 2025.</li>
<li>The first charging station will be accessible to customers in the carpark of the La Chapelle Saint-Luc hypermarket in Troyes, northeastern France, from April 8.</li>
<li>The report cited a report by Europe&#39;s utilities trade body suggesting Europe will need 65 million EV chargers - 9 million public and 56 million residential to cater to the surge in EV growth.</li>
<li>Price Action: CRRFY shares closed higher by 1.91% at $4.32 on Tuesday.</li>
</ul>

Comments

Carrefour

Actualités

Dernières nouvelles pour Carrefour (OTC:CRRFY) Stock

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL