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Kroger Acquires Giant Eagle for $1.65 Billion — 197 Stores Across 5 States Expand Midwest Grocery Footprint

Kroger announced a definitive agreement to acquire Giant Eagle for $1.65 billion, comprising $1.25 billion in cash and roughly $400 million in assumed liabilities, adding 197 supermarkets and 11 standalone pharmacies across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. The deal, which carries Giant Eagle's roughly $9 billion in annual sales, is expected to close in 2027. Kroger plans to finance the acquisition with cash while maintaining its $2 billion share repurchase program.

Shutterstock Plunges 28% as Getty Images Terminates $3.7 Billion Merger — UK CMA Editorial Divestiture Condition Rejected

Shutterstock fell 28% in premarket trading after Getty Images announced it will terminate their $3.7 billion merger agreement by July 6, refusing the UK Competition and Markets Authority's condition that Shutterstock divest its editorial business. Getty's board voted unanimously against the divestiture and will now pursue a special mandatory redemption of its 10.5% senior secured notes due 2030 while engaging a financial advisor to explore strategic financing alternatives.

S&P 500 Futures Slip 0.3% to Open H2 2026 — Nasdaq-100 Futures Drop 0.9% as Best Quarter Since 2020 Gives Way to Rate-Hike Anxiety

S&P 500 futures fell 0.3% and Nasdaq-100 futures dropped 0.9% to open the second half of 2026, reversing Tuesday's gains that capped the strongest quarter for US equities since 2020. The S&P 500 rallied more than 14% in Q2, the Nasdaq gained roughly 20%, and the Dow added over 12%. Now markets face a Fed projecting at least one rate hike, a weak ADP jobs print, and a chip sector under profit-taking pressure before Friday's nonfarm payrolls report.

Keir Starmer Resigns as UK Prime Minister — Andy Burnham Bid Triggers Pound Drop to 2026 Low

UK Prime Minister Keir Starmer announced his resignation as Labour leader, clearing the path for newly elected MP Andy Burnham to seek the top job after winning the Makerfield by-election. The British pound fell to a 2026 low on fiscal policy uncertainty as a leadership contest begins, with nominations opening July 9. The political transition adds a fresh layer of global risk for US investors already weighing a hawkish Fed and Middle East diplomacy this week.

SK Hynix Market Cap Hits $1.35B Trillion, Overtakes Samsung — First Change in Korea's Top Spot Since 2000

SK Hynix shares jumped 5.7% to push its market capitalization to roughly $1.35 trillion, briefly overtaking Samsung Electronics as South Korea's most valuable company for the first time in 26 years. The milestone reflects SK Hynix's dominant 61% share of the high-bandwidth memory market that supplies Nvidia's AI accelerators, with shares up more than 340% year-to-date. The move reinforces bullish sentiment toward US memory peer Micron Technology and AI infrastructure names.

Oil Falls 0.7% to $75.30 as US and Iran Reach Burgenstock Roadmap — 60-Day Window Set for Final Peace Deal

West Texas Intermediate crude slipped 0.7% to $75.30 a barrel after US and Iranian negotiators concluded talks in Switzerland with a roadmap toward a final peace deal within 60 days. The agreement includes a communication mechanism to keep the Strait of Hormuz open and a plan to end fighting in Lebanon, though mediators cautioned significant work remains. Energy and airline stocks are positioned as the most direct beneficiaries if the de-escalation holds through the negotiating window.

Treasury Yields Climb to 4.48% on 10-Year Ahead of Thursday's Core PCE Report — Markets Brace for Possible October Hike Signal

The 10-year Treasury yield rose more than 3 basis points to 4.483% as investors positioned ahead of Thursday's core PCE inflation report, the Federal Reserve's preferred gauge. The move follows last week's hawkish FOMC meeting, in which the Fed held rates at 3.50%-3.75% but signaled nine of nineteen officials now project at least one rate hike before year-end. Financial and short-duration bond sectors are best positioned if inflation data confirms the Fed's more hawkish stance.

Intel Holds Near $132 After 9% Apple Chip Deal Pop — Investors Await Formal Confirmation Before Q2 Earnings July 23

Intel shares are holding near $132 as trading continues to digest last week's roughly 9% premarket surge following President Trump's announcement that Apple agreed to manufacture chips domestically with Intel. Neither company has formally confirmed deal terms, leaving investors focused on Intel's July 23 earnings call for evidence that foundry discussions are converting into signed, disclosed contracts. The stock is up roughly 200% year-to-date amid a broader chip manufacturing turnaround narrative.

BTC Stabilizes Around $59,811: Crypto Market Awaits Next Catalyst Amid Quiet Trading

Bitcoin's stability around $59,811 reflects a waiting game for the next significant crypto market catalyst, with eyes on regulatory updates and adoption news.