Kroger is buying regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion. Giant Eagle has 197 supermarkets and 11 standalone pharmacies across northern Ohio,

NEW: Kroger announced that it is buying Giant Eagle for $1.65 billion.

Kroger is buying Giant Eagle, adding nearly 200 more supermarkets to its portfolio in a billion dollar deal. The Cincinnati-based grocery giant announced the purchase in a news release July 1. Kroger will buy Giant Eagle for $1.

Kroger plans to acquire Giant Eagle for $1.65 billion, expanding its footprint across PA, OH, WV, MD, and IN. Deal expected to close in 2027.

The dollar pared earlier gains on Wednesday after Federal Reserve Chair Kevin Warsh said that inflation ​expectations and inflation risks have eased in recent weeks, ahead of a closely watched jobs report due on Thursday.

New Federal Reserve chief Kevin Warsh gave no hint as to whether the central bank would raise interest rates in July and repeated his dislike of so-called forward guidance to alert investors to future Fed actions.

"If people thought this central bank was going to be comfortable with an inflation objective above 2%, they would be disappointed," Warsh told a ECB panel in Sintra, ‌Portugal.

Federal Reserve Chairman Kevin Warsh on Wednesday held firm on his new policy against offering signals of where rate policy is heading, but did signal that his plans for proposed reforms are set to move forward next week.

The latest Ukrainian strike on Russian oil facilities reached more than 800 miles beyond the frontlines of fighting.

Russia's President Vladimir Putin acknowledged on Sunday that Ukrainian strikes were causing "problems" for Russia . "As for strikes against critical infrastructure in general, and energy infrastructure in particular,

Long lines have formed at gas stations across Russia amid a worsening fuel shortage. Ukrainian strikes on oil refineries have sharply cut production, with refining down a quarter in June to a 20-year low.

The Ukrainian military struck a Russian oil refinery in Ufa on Wednesday, President Volodymyr Zelenskyy said, as Kyiv continues its pressure campaign seeking to push Russia to end the war. "This is an entirely just response to everything Russia is doing against us,

Comcast says NBCUniversal split is not a prelude to M&A. But Warner Bros. Discovery just ran the same split-deny-sell script to a sale, and NBCUniversal may follow.

A spinoff clock is forcing the media giant to find growth on its own, and the answer might not look like television at all.

Comcast and NBCUniversal will end 15-year partnership in a move to keep up with the rapidly changing media landscape

Key Points Interested in Comcast Corporation? Here are five stocks we like better. Comcast plans to separate NBCUniversal and Sky from its connectivity business through a tax-free spinoff expected to take about a year.

Gold was steady, with traders assessing peace talks between the US and Iran and weighing a fresh slew of US economic data for clues on the Federal Reserve’s next move on interest rates.

Gold and silver stayed weak amid Middle East tensions, strong dollar, and Fed rate hike expectations. Markets await US data, US-Iran developments, and Federal Reserve Chair Kevin Warsh’s speech.

Gold and silver futures finished the second quarter in retreat, pressured by a stronger dollar and indications of rising interest rates.

Gold edged up on Tuesday but was on track for its sharpest quarterly decline ‌in 13 years, as inflation concerns stemming from the Middle East conflict reinforced expectations that the U.S. Federal Reserve could hike interest rates.