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The proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal. U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearing in Portland, Oregon. Later Tuesday, Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington's consumer-protection laws.

During the State of Freight webinar for December, Craig Fuller and Zach Strickland discuss how a market shift could impact carriers, brokers and shippers in 2025. The post State of Freight for December: Freight economy due for ‘directional’ change appeared first on FreightWaves.

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday she was worried that President-elect Donald Trump's plans to levy broad import tariffs could derail progress in quelling inflation and raise costs for households and businesses. Yellen, at a Wall Street Journal CEO Council event, also said she was concerned about U.S. fiscal sustainability and said Congress needed to look for ways to pay for any extensions of Trump's 2017 individual and small-business tax cuts, which are due to expire in 2025. "So it would have an adverse impact on the competitiveness of some sectors of the United States economy and could significantly raise costs to households," Yellen added.

(Bloomberg) -- Bond traders are taking chips off the table, opting for a more neutral stance before Wednesday’s US consumer-price data, which will be decisive in setting expectations for whether the Federal Reserve cuts interest rates again this month. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationA Chicago Skyscraper Cements the Legacy of a

U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report.

Global equities were down and Wall Street indexes were mixed Tuesday and the dollar rose, as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week. Traders awaited U.S. inflation data due on Wednesday and a meeting by the European Central Bank on Thursday.

(Bloomberg) -- The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectDC Business Leaders Welcome Return-to-Office Policy Under TrumpGlobal oil consumption should exceed o