The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The supermarket chain announced Friday morning that it's launching an apparel brand in the fall of next year.
Kroger shares were climbing about 2 percent in early trade on the news.
This news comes after the Ohio-based company outlined its "Kroger Restock" initiative at an investor day last month.
The plan will consist of heavy capital investments — $9 billion over the next three years. Meantime, Kroger is exploring strategic alternatives, with the help of Goldman Sachs, for its convenience-store business, including a potential sale.
A move into apparel is part of "Kroger Restock," the company said Friday.
"This new [apparel] brand gives Kroger a chance to inspire and connect with our customers, offering effortless style every day — from elevated basics to fashionable highlights," Robert Clark, Kroger's senior vice president of merchandising, said in a statement.
"This new offering is on-trend, convenient, and right in line with our customers' needs," Clark added.
The brand will first roll out across Fred Meyer and Kroger Marketplace stores, which account for 300 locations nationwide, in late 2018.
Kroger described the line as "modern," "playful" and "simple," and there will initially be sizes for children, young men, juniors, men and women. There will also be a focus on activewear, the company said.
Kroger aims to drive more shoppers to its stores as competition intensifies among supermarkets, and Amazon is growing quickly with Whole Foods.
Lidl, a German-based grocer that's expanding rapidly across the U.S., also sells apparel and recently launched an exclusive line with celebrity designer Heidi Klum.
Another example of this, big-box chains Wal-Mart and Target are known for offering both groceries and clothing to customers within the same stores. The overlap is one way to make up for slimmer margins within the grocery aisles.
Kroger shares have fallen around 38 percent this year.