| Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get this newsletter delivered straight to your inbox. Wow. Amazon is buying Whole Foods. The online giant said Friday it was buying the high-end grocer for $42 a share in an all-cash deal, valuing the company at $13.7 billion. Here's what you need to know: In another deal, Walmart is acquiring Bonobos, the high-end men's retailer, for $310 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 $7 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. SEE ALSO: The 27 most important finance books ever written | 
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