Some of the winners from that rush into AI drove the market higher on Monday. Chip companies rose, for example, with Nvidia up 2.4% and Broadcom up 3.3%. They were two of the strongest forces pushing the S&P 500 upward.Kroger climbed 3.9% after the grocer named a former Walmart executive as its new chief executive officer.Transocean reversed an early loss and rose 5.9% after the offshore drilling company said it would buy Valaris in an all-stock deal valued at $5.8 billion. Valaris leaped 34.3%.On the losi ...

-- Big Grocery Chain Kroger Needs to Take on Walmart—So It Named an Alum Its CEO [Dow Soars 1,200 Points, Hits 50K for 1st Time][Chip Stocks Soar as Demand Is 'Through the Roof'][What's Next for Crypto After a Rough Week?][The Job Market Freeze Has Deepened This Winter]- Top StoriesKroger's new CEO, John Foran, previously ran Walmart's U.S. operations.Brandon Bell / Getty ImagesClose### Key Takeaways- Foran may be inclined to focus on the basics first, but he will need to look at Kroger's e-commerce strateg ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Grocery giant Kroger named former Walmart executive Greg Foran as its new CEO.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Foran took the job Monday (Feb. 9) and succeeds Ron Sargent, who had been acting as the ...

Shares of Kroger Co (NYSE:KR) are up 7.7% to trade at $72.67 at last glance, after reports that the grocery chain named former Walmart (WMT) executive Greg Foran as its CEO. This comes after the company ousted former CEO Rodney McMullen in March, following ‍a board investigation deemed his personal conduct was “inconsistent” with ethics policies.On track for its biggest single-day percentage gain since June, KR now sports a 16.3% year-to-date lead. The equity earlier hit its highest level since August, skyr ...

克罗格公司任命前沃尔玛高管格雷格·福兰为新首席执行官后，其股价上涨7%。 来源：滚动播报 ...

US stocks turned higher on Monday, after a turbulent week that ended with the Dow closing above 50,000 for the first time as investors face another busy schedule of earnings and economic data. The S&P 500 (^GSPC) rose around 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) gained nearly 1%. The Dow Jones Industrial Average (^DJI) hovered around the flatline, keeping above its milestone. Wall Street continues to debate the AI disruption risk to software companies, with a sharp decline in shares of Mon ...

US stocks turned higher Monday, after a turbulent week that ended with the Dow closing above 50,000 for the first time, as investors face another busy schedule of earnings and economic data. The Dow Jones Industrial Average (^DJI) hovered above the flatline, keeping above its milestone. Meanwhile, the S&P 500 (^GSPC) rose around 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) gained about 0.5%. Wall Street continues to debate the AI disruption risk to software companies, with a sharp decline in shar ...

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Core Viewpoint - Kroger's stock experienced a rally following the appointment of Greg Foran, the former leader of Walmart U.S., as its new CEO after a nearly yearlong search [1] Company Summary - The appointment of Greg Foran is seen as a strategic move to enhance Kroger's leadership and operational effectiveness in the competitive grocery sector [1] - Foran's previous experience at Walmart U.S. is expected to bring valuable insights and strategies to Kroger, potentially improving its market position [1] Industry Summary - The grocery industry is undergoing significant changes, with companies seeking strong leadership to navigate challenges and capitalize on opportunities [1] - Leadership transitions in major grocery chains like Kroger can influence market dynamics and investor confidence [1]