Ocado Group Plc shares have plummeted to their lowest level in over 12 years as investors anxiously await the outcome of a strategic review by US partner Kroger Co. The stock closed down 4.4% at 199.2 pence, marking the weakest performance since May 2013 and reducing the company’s market value to approximately £1.6 billion, a dramatic fall from its peak valuation of over £21 billion in September 2020.
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0 in Finance and 0 in Crypto last weekNvidia China Ban, Fed Rate Cut Awaited, Kroger Upgraded
China’s internet regulator has ordered tech firms to halt purchases of Nvidia AI chips, sending NVDA stock down nearly 3%. Meanwhile, investors await the Federal Reserve’s expected interest rate cut decision later today, with markets trading flat in anticipation of what could be the first rate reduction of the year.
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