Today: 1 July 2026
Walmart stock sinks, wiping $42 billion, raises questions for ad-media value
1 July 2026

Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart Inc. lost 4.7% to $107.99 in New York trading late Wednesday morning, wiping out around $42 billion in market cap from the previous close. That loss is big. The stock is priced like a premium growth play, and even this pullback didn’t change that for some investors. Earlier, MarketWatch listed Walmart’s 52-week range as $94.23 to $135.16. At last check, shares traded roughly 20% under that high. Market cap stood near $864 billion. The stock’s trailing P/E was 37.9.
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Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement

Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement

1 July 2026
Palantir Technologies Inc. surged 8.8% to $126.98 as of 10:47 a.m. EDT Wednesday. Shares saw an intraday low of $117.70. The company’s valuation hit around $326.5 billion. For investors, the question is the numbers. Trefis said on June 29 that Palantir's $270.3 billion market cap looked reasonable if revenue climbed from $5.2 billion to $34.4 billion over seven years, using a P/E of 28.8 and a net margin of 27.3%. With the stock at a $326.5 billion valuation as of Wednesday morning, the year-seven revenue target jumps to about $41.5 billion and the needed CAGR goes to 34.6% from around 31%.
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Kroger (NYSE:KR) Giant Eagle deal prices $9 billion grocer at 0.18 times sales

Kroger (NYSE:KR) Giant Eagle deal prices $9 billion grocer at 0.18 times sales

Kroger agreed to buy family-owned Giant Eagle for $1.65 billion, a small but targeted bet on Pittsburgh, northern Ohio and nearby grocery markets after its larger Albertsons Companies plan died in court. The buyer is paying $1.25 billion in cash and assuming about $400 million of Giant Eagle liabilities, Kroger said. Giant Eagle has about $9 billion in annual sales, 197 supermarkets and 11 standalone pharmacies. The investor angle is the multiple. The price equals about 0.18 times Giant Eagle’s sales and about $7.9 million per reported food-and-pharmacy location. That is a modest balance-sheet outlay for Kroger: $1.65 billion equals about 4.8% of its $34.15 billion market value, based on current market data. Kroger shares were recently down 38 cents
1 July 2026
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AT&T shares slide as trading jumps, spectrum move puts income appeal to test

AT&T shares slide as trading jumps, spectrum move puts income appeal to test

AT&T Inc. tumbled Tuesday, closing off 5.13% at $20.70 after sliding to a 52-week low of $20.57. Volume spiked to 128.67 million shares, 296% of the 65-day average. The S&P 500 Index added 0.79% to finish at 7,499.36. U.S. markets traded a standard session. The NYSE’s next holiday is July 3 for Independence Day. The quick take: AT&T saw about $7.8 billion in equity value wiped out in a single day. That figure uses MarketWatch’s $1.12 drop from close to close, with 6.95 billion shares in play. It’s about a third the size of the $23 billion spectrum deal AT&T struck with EchoStar Corp.. It’s also nearly four times the $2 billion Dish DBS debt maturity that tipped EchoStar’s pay-TV
1 July 2026
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Constellation Energy drops, Calpine lock-up weighs

Constellation Energy drops, Calpine lock-up weighs

Constellation Energy Corporation sank Tuesday, trailing a firmer market as traders weighed extra equity supply from the Calpine deal. CEG dropped 4.22% to close at $248.37. That makes three losses in a row. The S&P 500 gained 0.79%, and the Dow added 0.26%. CEG dropped hard over two days, sliding 1.78% Monday and then tumbling 4.22% Tuesday, for a compounded 5.9% loss. By comparison, the S&P 500 gained about 2.0% in those sessions.
30 June 2026
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FuelCell Energy (NASDAQ:FCEL) stock rally exposes warrant math after Russell add

FuelCell Energy (NASDAQ:FCEL) stock rally exposes warrant math after Russell add

FuelCell Energy, Inc. shares jumped for a second day on Tuesday, but the cleaner read for investors may be in the gap between the news and the price reaction: a $49 million export loan package and a Russell index add have helped lift the company’s market value by hundreds of millions of dollars. At 2:49 p.m. EDT, FuelCell traded at $36.46, up $6.66 on the day. The stock hit $37.87 intraday, a fresh 52-week high, and volume was about 21 million shares. Monday’s close was $29.80 after a 24.17% gain, putting the two-session rise near 52% from Friday’s implied close.
30 June 2026
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Pfizer (NYSE:PFE) yield tops 7% after stock falls on China GLP-1 news

Pfizer (NYSE:PFE) yield tops 7% after stock falls on China GLP-1 news

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30 June 2026
Pfizer Inc traded lower Tuesday afternoon, trailing the main indexes again and raising fresh questions around the stock’s dividend. The New York Stock Exchange was open for normal trading hours. Its 2026 holiday calendar lists July 3 as the next full-day closure for Independence Day. The stock changed hands at $24.14 as of 2:50 p.m. EDT, off 23 cents from the previous close. About 32 million shares traded. The SPDR S&P 500 ETF Trust added 0.9%. The Health Care Select Sector SPDR Fund slipped 0.7%. The SPDR S&P Biotech ETF ticked up 0.3%.
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Rezolve AI surges after $300M buyback vote targets over a quarter of shares

Rezolve AI surges after $300M buyback vote targets over a quarter of shares

Rezolve AI PLC climbed around 12% Tuesday after getting shareholder signoff for a capital reduction and a share buyback of up to $300 million. The mandate stands out as big compared to the current number of shares. Nasdaq kept regular trading hours, 9:30 a.m. to 4 p.m. ET. The exchange has market holidays scheduled for June 19 and July 3 in 2026.
30 June 2026
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JCPenney store closings push spotlight onto mall landlords

JCPenney store closings push spotlight onto mall landlords

JCPenney is shutting or set to shut at least six stores this year, according to Fast Company, which cited local news, customer reviews and the chain’s website. Stores are closing in California, Florida, Illinois, Tennessee, Virginia and Pennsylvania. It’s a small list, but could matter more for mall owners. JCPenney is shutting down its Ross Park Mall location near Pittsburgh after 40 years, with the store set to close Sept. 20. The U.S. Sun said Tuesday that closing sales have kicked off, offering 20% off everything, and some items getting marked down as much as 40%. WTAE reported, citing JCPenney, that the company couldn’t keep its lease or find another spot in the area.
30 June 2026
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Grab shares climb after market downplays impact from Indonesia fee change

Grab shares climb after market downplays impact from Indonesia fee change

Grab Holdings Limited climbed in New York on Tuesday. Investors took stock of the Indonesia driver-fee change and seemed to land on a real cost for Grab, though not as big as early reads of the rule implied. The stock was last at $3.855, up 11.5 cents, or 3.1% from the prior close, as of 12:46 p.m. EDT. Volume was 26.9 million shares. Shares moved ahead of Invesco QQQ Trust, SPDR S&P 500 ETF Trust and SPDR Dow Jones Industrial Average ETF Trust over the same stretch.
30 June 2026
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Dow Jones after bell: new tech weight pushes blue-chip index above 52,000

Dow Jones live today: Two-stock lift masks weak breadth after record close

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30 June 2026
The New York Stock Exchange was in a normal Tuesday session. Its core session runs from 9:30 a.m. to 4:00 p.m. ET, and its next full holiday close is Friday, July 3, for Independence Day observed. At about 11 a.m. EDT, the Dow Jones Industrial Average was quoted near 52,276, up about 94 points, or 0.18%. The S&P 500 was up 0.48% and the Nasdaq Composite rose 0.95%, with tech again doing more of the work than the blue-chip tape.
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Freshworks (NASDAQ:FRSH) stock: Russell additions put buyback math back in focus

Freshworks (NASDAQ:FRSH) stock: Russell additions put buyback math back in focus

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30 June 2026
Freshworks Inc enters Tuesday’s session with a new index tag and a buyback big enough to change the per-share math if management keeps using it. The stock closed Monday at $10.21 and was quoted at $10.15 in premarket trade at 8:55 a.m. EDT, MarketScreener data showed. The NYSE holiday calendar lists the next U.S. market closure as July 3 for Independence Day observed. The tape was heavier than a normal Freshworks session. Yahoo data showed Monday volume of 52,973,675 shares against average volume of 13,964,630, about 3.8 times the usual level. That volume came as index notices from S&P Capital IQ showed additions to Russell 2000 Value and Russell 2000 Value-Defensive indexes.
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Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move

Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move

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30 June 2026
Nokia Oyj rose 4.46% to 11.72 euros by 12:57 EEST in Helsinki on Tuesday, while the OMX Helsinki 25 was up 1.10% at 6,218.18. Nasdaq Helsinki was open for normal trading; Nasdaq lists Helsinki equity hours at 10:00-18:30 local time and does not list June 30 among 2026 Helsinki closure days. The cleaner angle is index math. OMXH25 is a 25-stock, euro-denominated, capitalization-weighted price index, and Nasdaq caps any one company at 10%. At that cap, Tuesday’s Nokia move would add about 0.45 percentage point to the benchmark, or roughly 41% of the index’s 1.10% rise. Actual live weights can differ.
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Applied Materials stock jumps as AMAT rally outruns Wall Street’s average target

Applied Materials shares surge $54 billion, buyback effect now smaller

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30 June 2026
Applied Materials heads into Tuesday with a buyback issue of its own making. After shares jumped 10.82% Monday, each dollar left in its repurchase plan now has less impact on earnings per share. The chip equipment stock ended at $694.64, gaining $67.80 on the day after reaching an intraday high of $708.99. Around 14.17 million shares changed hands, which is roughly 1.7 times its 65-day average volume. MarketWatch posted an after-hours quote of $704.01 at 7:59 p.m. EDT.
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Latest

SpaceX (NASDAQ:SPCX) stock shorts test Nasdaq-100 buying after 6% drop

SpaceX (NASDAQ:SPCX) stock shorts test Nasdaq-100 buying after 6% drop

Space Exploration Technologies Corp., known as SpaceX, fell about 6% on Wednesday as a short trade worth more than $31 billion at current prices ran into a coming Nasdaq-100 index bid. U.S. equity markets were open on Wednesday; Nasdaq’s 2026 holiday calendar lists July 3 as the Independence Day closure. SpaceX traded at $160.60, down $10.26, with an intraday range of $157.99 to $176.12 and volume of about 59.9 million shares.
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01 Jul
Datavault AI (NASDAQ:DVLT) gains 21% on $700 million minerals push, but $1 Nasdaq gap holds

Datavault AI (NASDAQ:DVLT) gains 21% on $700 million minerals push, but $1 Nasdaq gap holds

Datavault AI Inc. jumped 21% after outlining its $700 million minerals plan, but the stock still trades a dollar below Nasdaq minimums. Datavault AI Inc. jumped 21.0% to $0.4234 by midday Wednesday. The company said it is teaming up with Patriot Strategic Metals LLC on a planned strategic minerals platform with an initial Phase I program of up to $700 million. Shares stayed well below the $1 close needed for a Nasdaq cure.
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01 Jul
Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart Inc. lost 4.7% to $107.99 in New York trading late Wednesday morning, wiping out around $42 billion in market cap from the previous close. That loss is big. The stock is priced like a premium growth play, and even this pullback didn’t change that for some investors. Earlier, MarketWatch listed Walmart’s 52-week range as $94.23 to $135.16. At last check, shares traded roughly 20% under that high. Market cap stood near $864 billion. The stock’s trailing P/E was 37.9.
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01 Jul
SoFi gains over QQQ after small business loan push brushes off KBW skepticism

SoFi gains over QQQ after small business loan push brushes off KBW skepticism

SoFi Technologies, Inc. climbed over 3% Wednesday, outpacing the Invesco QQQ Trust and the Financial Select Sector SPDR Fund. Investors responded to SoFi's launch of a small-business loan product, viewing it as a new trial for the company's cross-sell strategy. The stock traded at $18.52 as of 11:46 a.m. EDT, up 3.3%, hitting a high of $18.67 earlier. Volume was about 31.8 million shares, which comes to around $588 million in value. QQQ slipped 0.9%. XLF gained 2.3%, and SPDR S&P 500 ETF Trust was up 0.3%.
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01 Jul
Opendoor (NASDAQ:OPEN) moves higher as midday trade volume tops recent average

Opendoor (NASDAQ:OPEN) moves higher as midday trade volume tops recent average

Opendoor Technologies Inc. surged almost 10% by late morning Wednesday, beating gains in homebuilding funds and major indexes. The stock’s move didn’t track cleanly with the U.S. housing sector. Instead, it looked more like a high-short reaction after recent index inclusion and a market trying to adjust to turnaround hopes. Live quotes around 11:50 a.m. EDT showed the split as follows:
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01 Jul
Dow holds top spot as component math favors blue chips; Nasdaq lags

Dow holds top spot as component math favors blue chips; Nasdaq lags

Dow Jones Industrial Average climbed Wednesday during normal U.S. hours, holding about a 0.4 percentage point lead over the Nasdaq Composite as tech shares kept trading behind blue chips. For 2026, the NYSE says markets close on Friday, July 3, for Independence Day, not Wednesday. The Dow gained 133.78 points, or 0.26%, to 52,452.98, according to Reuters’ U.S. market page with LSEG data, delayed by at least 15 minutes. The S&P 500 added 9.08 points, or 0.12%, at 7,508.44. The Nasdaq slipped 42.94 points, or 0.16%, to 26,170.78.
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01 Jul
S&P 500 Equal Weight Gains, Tech Chips Pressure Nasdaq After Weak Jobs Data

S&P 500 Equal Weight Gains, Tech Chips Pressure Nasdaq After Weak Jobs Data

Stocks in the U.S. were mixed at midday Wednesday. Indexes started out slow, but later action in ETFs pointed to strength under the surface—average names outperformed big tech stocks. The Dow Jones Industrial Average lost 65.31 points, or 0.1%, to 52,262.87 just after 10 a.m. EDT. The S&P 500 dropped 19.85 points, or 0.3%, at 7,479.82, while the Nasdaq Composite fell 141.90 points, or 0.5%, to 26,073.29, according to Reuters. On the NYSE, advancers outpaced decliners 1.2-to-1. On Nasdaq the ratio was 1.35-to-1.
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01 Jul
General Mills (NYSE:GIS) shares climb after earnings beat, with trade timing in focus

General Mills (NYSE:GIS) shares climb after earnings beat, with trade timing in focus

General Mills, Inc. jumped Wednesday as the company topped profit estimates for the quarter. But investors latched onto more than the 95-cent per share figure. The real action was in factors that likely won’t show up again soon: a shift in trade expenses and an added week in the period drove much of the beat. The stock rose 6.8% to $37.17 at 11:34 a.m. EDT. That move topped Kraft Heinz Co., The Campbell's Co., Conagra Brands Inc., PepsiCo Inc. and Mondelez International Inc.. The Consumer Staples Select Sector SPDR Fund slipped 0.2%. The SPDR S&P 500 ETF Trust was up 0.3%.
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01 Jul
Mortgage rates stick near lows, making little difference for refi deals

Mortgage rates stick near lows, making little difference for refi deals

U.S. mortgage rates are sending mixed signals for investors. The headline average is showing a dip that could draw some buyers in, but the actual rate many borrowers see for locks and applications remains higher, keeping most refinances out of reach. Yahoo Finance listed the 30-year fixed purchase rate at 6.19% on June 30, a 2 basis-point uptick from the previous day but still the lowest since May. Fortune, citing Optimal Blue lock data for July 1, put the conforming 30-year mortgage at 6.419%. The spread between 6.19% and 6.57% comes out to 38 basis points. For a $400,000 loan, the payment at 6.19% is about $2,447 a month, while at 6.57% it’s $2,547. That’s a $99 difference per month,
01 Jul
Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement

Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement

Palantir Technologies Inc. surged 8.8% to $126.98 as of 10:47 a.m. EDT Wednesday. Shares saw an intraday low of $117.70. The company’s valuation hit around $326.5 billion. For investors, the question is the numbers. Trefis said on June 29 that Palantir's $270.3 billion market cap looked reasonable if revenue climbed from $5.2 billion to $34.4 billion over seven years, using a P/E of 28.8 and a net margin of 27.3%. With the stock at a $326.5 billion valuation as of Wednesday morning, the year-seven revenue target jumps to about $41.5 billion and the needed CAGR goes to 34.6% from around 31%.
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01 Jul
Social Security July 2026 payment schedule creates $11.5 billion SSI timing shift for investors

Social Security July 2026 payment schedule creates $11.5 billion SSI timing shift for investors

The July Social Security calendar is a cash-timing story for markets. It pulls one August Supplemental Security Income payment into July. It also moves the usual July 3 Social Security date to July 2, so benefit cash hits at both ends of the month. The July 1 payment covers SSI. The July 2 payment covers beneficiaries who started before May 1997 and other exception groups, because the government observes Independence Day on July 3 this year. The standard Social Security birthday waves land on July 8, July 15 and July 22. The August SSI payment goes out July 31 because Aug. 1 falls on a Saturday.
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01 Jul
CoreWeave and Nebius face Nasdaq-100 test as AI rally cools

Meta (NASDAQ:META) cloud move rattles CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS) as $15 billion AI compute deal shifts to risk

Meta’s shift in cloud spending hit CoreWeave and Nebius after the $15 billion AI compute backstop turned into a risk. New York, July 1, 2026, 11:03 EDT Meta Platforms jumped nearly 10% Wednesday after Bloomberg News said, via Reuters, that the company is starting a cloud business to sell surplus AI computing power. CoreWeave was down 14% and Nebius Group dropped 16% as of 10:50 a.m. in New York, according to current data.
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01 Jul
Nike (NYSE:NKE) shakes off earnings dip as tariff boost and receivables in focus

Nike (NYSE:NKE) shakes off earnings dip as tariff boost and receivables in focus

NIKE, Inc. clawed back from early declines Wednesday after results, but the rebound left the big question open for the sportswear maker: is real demand driving the numbers, or is this mostly accounting moves and shifts in wholesale timing? The stock last traded 35 cents higher at $41.40. Shares had dropped as low as $39.21 earlier, off nearly 4.5% from Tuesday’s close. It outperformed the SPDR S&P 500 ETF Trust, which was off 0.4%, and the Consumer Discretionary Select Sector SPDR Fund, down 0.2%, according to 9:47 a.m. EDT quotes.
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01 Jul
Clearwater Analytics (NYSE:CWAN) delists from NYSE after buyout, last trade leaves small spread

Clearwater Analytics (NYSE:CWAN) delists from NYSE after buyout, last trade leaves small spread

Markets were open Wednesday, but Clearwater Analytics Holdings, Inc. did not trade. NYSE’s regular hours are 9:30 a.m. to 4 p.m. ET. The 2026 NYSE holiday calendar names Friday, July 3, as Independence Day observed. The exchange filed a Form 25 on June 25 to take Clearwater’s Class A common stock off its list and end registration. Last price for CWAN stayed at $24.56, unchanged, with the most recent trade posted at June 24, 23:15 UTC. That put it a penny above the cash mark, or about a 0.04% difference. At that point, the trade was past price risk and just down to settlement.
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01 Jul
NVIDIA (NASDAQ:NVDA) falls under $200 after $114 billion move in S&P 500, QQQ

NVIDIA (NASDAQ:NVDA) falls under $200 after $114 billion move in S&P 500, QQQ

NVIDIA Corporation dropped under $200 early Wednesday, but the bigger signal was how much was wiped out. Shares hit $195.44, off 2.3% at 9:48 a.m. EDT. Market cap showed about $4.77 trillion. The stock was down $4.655 from Tuesday’s close. That’s about $114 billion lost in under 30 minutes of trading. NVIDIA ended Tuesday at $200.09, 2.6% higher, based on Reuters data. Shares turned lower early Wednesday, erasing most of that gain and leaving the stock far below its 52-week high of $236.54 from MarketWatch. At $195.44, it’s still around 21% shy of that mark.
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01 Jul
Meta Platforms (NASDAQ:META) cloud report sends shares higher, weighs on CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS)

Meta Platforms (NASDAQ:META) cloud report sends shares higher, weighs on CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS)

Shares of Meta Platforms rallied Wednesday following a Bloomberg News report that the Facebook owner is planning to launch a cloud service, selling extra AI computing power. That move could help address investor concerns about high AI costs by adding a new source of revenue. Reuters, quoting the Bloomberg story, said it could not verify the report, and Meta did not reply to a Reuters request for comment. U.S. cash equities traded as of the dateline. At 9:46 a.m. EDT, Meta jumped $38.17, or 6.8%, to $601.46. CoreWeave was down $10.88, or 10.9%, at $88.66. Nebius Group dropped $34.04, or 12.3%, to $242.13. Amazon.com lost 1.4%, Microsoft was up 1.1%, and Alphabet added 0.7%.
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01 Jul
ServiceNow (NYSE:NOW) shares climb after Guggenheim says AI pullback overdone

ServiceNow (NYSE:NOW) shares climb after Guggenheim says AI pullback overdone

ServiceNow, Inc. traded higher Wednesday after Guggenheim’s John DiFucci upgraded the stock. Shares were last at $102.81, climbing 3.6%. The stock opened at $104.00 and hit $104.99 at the high. Volume reached 4.4 million shares as of 9:47 a.m. EDT. The New York Stock Exchange was open for normal trading at the time. Regular hours are 9:30 a.m. to 4 p.m. ET. For 2026, the exchange has July 3, a Friday, marked as the Independence Day holiday, rather than July 1.
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01 Jul
American Airlines (NASDAQ:AAL) climbs as jet fuel drops below cost forecast

American Airlines (NASDAQ:AAL) climbs as jet fuel drops below cost forecast

American Airlines Group Inc. moved higher in premarket trading Wednesday, extending a streak that saw shares climb for seven straight sessions through Monday. The stock closed at $17.91, gaining over 16% in that run. Fuel is now the focus for investors. Airlines for America said the Argus US Jet Fuel Index showed U.S. jet fuel at $2.86 a gallon on June 30. American’s April outlook was based on second-quarter fuel at around $4.00 a gallon. That’s a big difference for an airline that used 1.066 billion gallons in Q1.
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01 Jul
AT&T stock drop draws attention to spectrum deal, dividend payout

AT&T stock drop draws attention to spectrum deal, dividend payout

AT&T shares were at $20.70 before trading started in New York on Wednesday, down 5.2%. The slide wiped out roughly $7.9 billion in market value for the telecom group, going by current shares outstanding and market cap. The main NYSE session begins at 9:30 a.m. ET. AT&T holders have to weigh two things: timing around the EchoStar Corp. spectrum close and more selling in U.S. wireless names after SpaceX and Charter Communications Inc. were reported in phone-service talks.
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01 Jul
Trump student loan rulings dim private-lender tailwind as graduate caps start

Trump student loan rulings dim private-lender tailwind as graduate caps start

The U.S. stock cash session had not opened at the dateline time. The New York Stock Exchange core session runs from 9:30 a.m. to 4 p.m. ET, leaving student-loan shares to price the court rulings after pre-market checks rather than a full cash-session read. The bigger market issue is not the Public Service Loan Forgiveness headline. It is the June 29 loan-cap list. The Education Department kept the July 1 end of Grad PLUS and the new graduate loan limits in place, but it said listed programs would be treated as professional while a court stay remains in effect.
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01 Jul
US stock futures slip before market open with Nasdaq down, yields up as oil declines

US stock futures slip before market open with Nasdaq down, yields up as oil declines

U.S. futures pulled back before the open on Wednesday, with Nasdaq 100 contracts lagging the other indexes. Oil prices also eased, but the gap between Nasdaq and the rest suggested traders were more worried about rates and tech valuations at the start of the new half than just oil-driven energy worries. U.S. futures data came in delayed just after 8:30 a.m. ET, with the tech contract showing the biggest drop:
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01 Jul
Kroger (NYSE:KR) Giant Eagle deal prices $9 billion grocer at 0.18 times sales

Kroger (NYSE:KR) Giant Eagle deal prices $9 billion grocer at 0.18 times sales

Kroger agreed to buy family-owned Giant Eagle for $1.65 billion, a small but targeted bet on Pittsburgh, northern Ohio and nearby grocery markets after its larger Albertsons Companies plan died in court. The buyer is paying $1.25 billion in cash and assuming about $400 million of Giant Eagle liabilities, Kroger said. Giant Eagle has about $9 billion in annual sales, 197 supermarkets and 11 standalone pharmacies. The investor angle is the multiple. The price equals about 0.18 times Giant Eagle’s sales and about $7.9 million per reported food-and-pharmacy location. That is a modest balance-sheet outlay for Kroger: $1.65 billion equals about 4.8% of its $34.15 billion market value, based on current market data. Kroger shares were recently down 38 cents
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01 Jul
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 01.07.2026

LIVEMarkets rolling coverageStarted: July 1, 2026, 4:00 AM EDTUpdated: July 1, 2026, 1:35 PM EDT VC Says AI Bubble Burst Would Help Market July 1, 2026, 1:35 PM EDT. A well-known venture capitalist is telling investors they should welcome a potential burst in the artificial intelligence (AI) bubble, saying that it could help bring down what they see as outsized valuations. The investor points to heavy speculation in AI startups and market froth. This call comes as scrutiny grows over the pace of AI growth and what it is doing to venture capital funding. Some experts think a reset could
01 Jul
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