Kroger-Albertsons merger hurts shoppers, FTC says at trial

By Jody Godoy, Deborah BloomPORTLAND, Oregon (Reuters) -The U.S. Federal Trade Commission kicked off a trial on Monday in its bid to block Kroger’s $25 billion merger with Albertsons, telling a federal judge in Portland, Oregon, that the deal would eliminate...
RFK Jr ends US presidential campaign, endorses Trump

RFK Jr ends US presidential campaign, endorses Trump

By Ismail Shakil and Stephanie Kelly(Reuters) -Independent presidential candidate Robert F. Kennedy Jr. abandoned his campaign on Friday and endorsed Republican Donald Trump, ending a presidential bid that he began as a Democrat trading on one of the most famous names...
‘Super Bowl’ Nvidia earnings stand to test searing AI trade

‘Super Bowl’ Nvidia earnings stand to test searing AI trade

By David RandallNEW YORK (Reuters) – The rally in U.S. stocks faces an important test next week with earnings from chipmaking giant Nvidia, whose blistering run has powered markets throughout 2024. The S&P 500 has pared a sharp drop it suffered after U.S....
White House sees latest Gaza talks as constructive

White House sees latest Gaza talks as constructive

WASHINGTON (Reuters) – Talks in Cairo aimed at reaching a Gaza ceasefire have been “constructive,” with some progress made, and all sides need to come together to work toward implementation of a proposed agreement, the White House said on...
US new home sales rise to highest level in more than a year

US new home sales rise to highest level in more than a year

(Reuters) -Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering.New home sales jumped 10.6% to a seasonally adjusted...
Powell green lights September rate cut

Powell green lights September rate cut

(Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed’s 2%...