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Kroger buying regional grocer Giant Eagle in a deal valued at $1.65 billion

Kroger said Wednesday it plans to buy regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion. Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. They would continue to operate under the Giant Eagle name under the terms of the deal. Kroger, which is the largest U.S. supermarket chain, has 2,685 stores in 35 states and the District of Columbia. Its stores operate under various brand names, including Ralphs, King Soopers, Smith’s and Fred ...

Changes to student loans are taking effect July 1. Here’s what to know

NEW YORK (AP) — Changes to federal student loans expected to affect millions of borrowers are taking effect July 1. A part of President Donald Trump’s “Big Beautiful Bill,” these changes mean the end of some payment plans and new limits for graduate loans. Along with the end of the Biden-era SAVE plan, the changes are expected to raise the cost of payments for millions of borrowers. “The main concern is the affordability of monthly payments. I think a lot of people are simply going to see their payment increase significantly and they’re either going to have to stretch ...

Democratic socialist Melat Kiros defeats longtime US House incumbent in Colorado

Democratic socialist Melat Kiros beat U.S. Rep. Diana DeGette in a Colorado House primary Tuesday, a stunning victory for the first-time candidate against a nearly 30-year incumbent and another win for progressive challengers across the country. Kiros, a 29-year-old lawyer turned doctoral student, is the latest candidate to rise from the party’s left flank and boot establishment-backed candidates. That includes two self-described democratic socialists and a progressive who won their Democratic primaries in New York last week. Kiros’ victory adds to a nascent but clear uprising, ...

Trump filing shows he took in about $1.2 billion from crypto businesses last year

NEW YORK (AP) — President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses. Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fueling their rise were billionaire investors and Trump’s own move to quash a federal crackdown on the industry. Trump got more than $500 million from his World Liberty Financial business selling new crypto ...