What you need to know on Wall Street today

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Amazon is buying Whole Foods. The online giant said Friday it was buying the high-end grocer for $US42 a share in an all-cash deal, valuing the company at $US13.7 billion. Here’s what you need to know:

In another deal, Walmart is acquiring
Bonobos, the high-end men’s retailer, for $US310 million in cash. Here’s what you need to know:

In other news, Wall Street is seeing money pour in at a near record-setting pace. Goldman Sachs raised $US7 billion to buy secondhand stakes in private equity funds. And one of the hottest hedge fund launches of the year might’ve found itself a name.

The Fed is repeating its mistakes of the 1970s, according to Minneapolis Fed President Neel Kashkari. And the Fed’s 4th rate hike could challenge a popular assumption investors make about stocks

There were two developments this week that could have huge consequences for Russia’s oil.

In non-Amazon tech news:

In other news, these United emails reveal how terrified the airline has become of its customers. And a United Airlines employee brutally shoved an elderly passenger.

Lastly, the most powerful Audi R8 convertible supercar has arrived.

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