Kroger shares rose after Warren Buffett’s Berkshire Hathaway took a 2.3% stake in the No. 1 U.S. grocery chain. R5 Capital analyst Scott Mushkin advises investors to sell into that strength.

Global stocks were mixed Wednesday, with stronger-than-expected trade data from China, as well as the expectation of further stimulus from Beijing, boosting shares in Asia while softer earnings in Europe held down gains for stocks on the Continent.

Same-store sales grew 2.7% year over year, while U.S. e-commerce sales grew 50%.

Here's what you need to know now for Wednesday, Nov. 8.

Investors pull back from recent highs amid a slip in the dollar linked to reports that Senate Republicans could delay corporate tax cuts

Ahold Delhaize, one of the biggest U.S. food retail owners in the United States, posted stronger-than-expected Q3 earnings amid its ongoing battle with giants Amazon and Wal-Mart.

Data provider IRI expects private label products to become even more popular as millennial and low-income shoppers struggle to buy food.

Amazon move heaps further pressure on sector

Supermarkets absorb news that Amazon will lower prices at Whole Foods Market.

UPS topped Street forecasts for its fourth quarter earnings, but a slump in international deliveries kept revenue gain in check.

GM blasted Street profit forecasts with adjusted earnings of $2.12 per share on revenues of $43.1 billion.

“While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed," said CEO Darren Woods.