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Latest Financial News
Kroger Cuts 2026 Identical Sales Outlook After Q2 Growth Slows to 0.2%
Kroger lowered its 2026 identical sales without fuel forecast to 0.2% to 0.8% after second-quarter growth came in at 0.2%, although adjusted EPS rose and profit guidance was…
Olin-Huntsman Merger Clears U.S. HSR Waiting Period, Removing Key Closing Condition
Olin and Huntsman said the U.S. antitrust waiting period has expired for their pending all-stock merger, but the companies still need additional regulatory approvals before the deal can…
U.S. Inflation Holds at 3.4% in August as Monthly CPI Accelerates to 0.4%
Gasoline prices rose 3.9% and drove more than one-third of the monthly increase, while core inflation eased to 2.4% from a year earlier.
Eli Lilly Completes AtaiBeckley Acquisition, Adding BPL-003 Depression Program
The $2.8 billion upfront acquisition gives Lilly control of BPL-003, with former AtaiBeckley holders eligible for up to $1 billion more if clinical and regulatory milestones are met.
U.S. Business Applications Fall 7.8% in August to 531,728
Business applications fell sharply after July’s surge, though the Census Bureau’s measure tracks qualifying EIN filings rather than the number of businesses that actually opened.
U.S. Real Hourly Earnings Slip 0.1% in August as Inflation Outpaces Pay Gains
Average hourly earnings rose 0.3% to $37.75 in August, but consumer prices increased 0.4%, pushing inflation-adjusted hourly pay lower.
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