Plus, the minimum wage will increase in 21 states next year
On Jan. 1, 2025, millions of workers across the U.S. will see their paychecks grow as the minimum wage rises in 21 states. — Francisco Velasquez
In a major victory for the Federal Trade Commission (FTC) and the Biden Administration, a federal judge has temporarily blocked the $25 billion merger between grocery giants Kroger (KR) and Albertsons (ACI), citing concerns over the impact on competition.
Costco $COST (COST) reported better-than-expected earnings on Thursday, fueled by solid revenue growth, strong e-commerce performance, and increased membership fees. The results extend a strong year for the retailer, whose shares have climbed nearly 50% in 2023, compared to the S&P 500's 27% gain. The stock closed at $988.39.
Albertsons (ACI) has filed a lawsuit against Kroger (KR), accusing the grocery giant of failing to uphold its contractual obligations during their planned $24.6 billion merger, prompting Albertsons to back out of the deal.
Small business owners who fail to meet a new federal reporting requirement could face fines of up to $10,000.
Walgreens $WBA (WBA) stock jumped more than 20% on Tuesday after reports surfaced that the pharmacy giant is in talks to sell its business to private equity firm Sycamore Partners.
The U.S. online grocery market reached a staggering $9.6 billion in sales in November, marking a 17.8% increase over the previous year.
