Kroger buying regional grocer and pharmacy retailer Giant Eagle
Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.... Read More
Associated Press
Consumer confidence ticks up, but Americans remain gloomy about economy
Americans' attitudes toward the economy improved slightly this month as gas prices declined, but their outlook is still mostly negative by historical standards.... Read More
Comcast plans to split into two public companies by spinning off NBCUniversal and Sky
Comcast is planning to split itself into two publicly traded companies, one focused on media that would include NBCUniversal and Sky and the other focused on broadband and wireless services.... Read More
Trump threatens 100% tax on European imports if countries impose tax on digital services
In a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on American companies. ... Read More
NCAA Cabinet tweaks college football calendar with 14-week season, bowl rule change
The NCAA Division I Cabinet has approved a series of changes to the college football calendar, including standardizing the Bowl Subdivision regular season at 14 weeks, and a proposal surfaced to further tighten the January transfer portal window.... Read More
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near.... Read More
Indiana joins 16 other states and trade group in lawsuit over plastics packaging law
A coalition of 17 states, including Indiana, and a trade association representing U.S. wholesalers and distributors have sued California to block the enforcement of a stringent recycling law that aims to reduce plastic packaging waste.... Read More
Trump administration announces $17.5B in loans for 10 new large nuclear reactors
The Energy Department declined to name the utilities involved or the states they are in, calling it premature until the selections are made. It did not give a timeline for making those selections.... Read More
US gas prices fall below $4 for 1st time since March, but still 25% higher than last year
U.S. gas prices fell below $4 a gallon on average Thursday, but just barely. It is the first time since March that the average cost for a regular gallon has been that low.... Read More
Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices cooled.... Read More