Stocks

Kroger managing inflation with select price increases

The select price hikes come as Kroger beat Wall Street estimates for the third quarter, reporting total sales of $31.9 billion in the third quarter, compared to $29.7 billion for the same period last year.

Stock futures, oil drop on concerns over new Covid-19 variant

Global equity markets and U.S. stock futures fell after South Africa raised the alarm over a new, fast-spreading strain of the coronavirus, triggering concern about the potential for new travel restrictions or other curbs that could limit economic activity.