Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant’s first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago. The acquisition will strengthen Kroger’s presence across several Midwestern and Mid-Atlantic markets as…
Headlines
See All
Companies in the private sector added 98,000 jobs in June, payroll processing firm ADP said in its latest report on Wednesday. The figure is below economists’ estimates of a gain of 118,000 jobs and down from the prior month’s unrevised 122,000 payrolls figure.Which industries are hiring the most workers, according to the ADP report? Education and health services added 48,000 positions, leading job creation in June. Trade, transportation and utilities added 15,000, financial activities gained…
Societe Generale strategists highlight that the HUF has delivered its strongest quarter since 2009, supported…
AI is minting millionaires at a rapid rate. Now comes the spending boom.Investors have poured…
Most Popular
Finance news
View More
The last thing Dillon Angulo says he remembers is pulling over to see the stars. It was around 9:15 on April 25, 2019, in Key Largo, Florida. He and Naibel Benavides had been inseparable since their first date a few weeks earlier. Angulo, a bearded, stocky 27-year-old Cuban American, was…
Business
View More
The Department of Transportation on Tuesday announced that regulators are moving toward enabling civilian supersonic flights over the continental U.S., which have been banned for decades due to sonic booms. The Federal Aviation Administration (FAA) proposed a rule that sets a noise-based certification standard for supersonic aircraft and signaled that…
Markets
View More
Kalshi’s CEO said insider trading poses a bigger threat to the stock market than to prediction markets.In an interview with lawyer Max Raskin, published in the Washington Post on Sunday, Kalshi CEO Tarek Mansour talked about the biggest criticism of prediction markets — that it facilitates insider trading.He said detecting…
