• Arkansas-based Harp Food Stores said yesterday that it is acquiring "The Markets, an independent grocery retailer with six locations in central Louisiana and one store in southwestern Mississippi - new markets for Harp's.
"Financial terms of the deal were not disclosed, but Harps said the deal is expected to close by the end of the year."
• News site Semafor reports that Goldman Sachs has "pegged the risk of a U.S. recession in the next year at 35%. That is still three times as high as the typical average for a year, but the investment bank’s projection is far lower than others. The consensus in a recent Wall Street Journal survey was 63%, while Bloomberg analysts put it at 100%. The Federal Reserve meets next week, and is likely to raise interest rates by another 0.75% in a bid to combat inflation, which could slow the economy further."