Reliance Retail, India's largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group's assets for a whopping $3.4 billion -- against which Amazon has filed a legal proceeding -- is fully enforceable under the Indian law and it intends to complete the deal "without any delay." Mukesh Ambani's firm issued the statement after Amazon won an emergency order from a Singapore arbitration court earlier on Sunday to temporarily halt the proposed sale between the two Indian retail giants. According to a person familiar with the matter, the injunction will prevent Future Group from selling its assets to Reliance Retail by about 90 days.
This week’s marquee earnings and economic data reports will mostly take place later in the week, with the majority of the FAANG stocks reporting after market close on Thursday.
Peter Lynch ran the Fidelity Magellan fund from 1977 to 1990 and returned an incredible 29% annually, soundly beating the S&P 500 over that time. Starbucks (NASDAQ: SBUX), Amazon (NASDAQ: AMZN), and Home Depot (NYSE: HD) look like three stocks that Lynch would love today. For coffee lovers, Starbucks has become a part of their daily routine.