What insiders know 📶

To know: The Institute for Supply Management noted that “Warnings of a possible recession in 2024 are not being taken very seriously by top management. The same experts warned that the country would be in a recession by now…”

Glue it together: Kroger agreed to sell 413 stores to C&S Wholesale Grocers in a divestiture to help win antitrust approval ($24.6 billion merger with Albertsons).

Now known: According to Blackstone, private credit lenders are just getting started in the world of consumer and asset-based finance.

Domestic growth: In the past five years from 2023, EVs have gone from 2% of new-car sales in the US state of California to 22%.

The request: African Union asks the International Monetary Fund for $650 billion in special drawing rights.

Chunk of apple: Apple’s selloff deepened to more than $200 billion as of early September 2023 as China seeks to expanding a ban on the use of iPhones.

For the record: The month of August 2023 was the warmest on record globally and the second-warmest month ever, while the month of July 2023 was marked as number one.

The settlement: Walgreens agreed to pay off $44 million to settle class action claims by consumers over flawed blood tests through its partnership and connection with Theranos.

Interesting insights: As of September 2023, S&P 500 companies produce just 3.4% of their revenue from clean-energy sources, roughly half of what companies on the Shanghai Composite Index do.

Maybe: Walmart is exploring the idea of buying a majority stake in ChenMed.

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Empire Codex: If you have any questions or anything interesting to share, let us know! We are open to considering news worthy news.

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