Dollar Tree mulls selling Family Dollar. Sometimes...
Dollar Tree mulls selling Family Dollar. Sometimes when your relationship isn’t working out, it’s best to break up, and that seems to be why Dollar Tree is thinking about selling off Family Dollar, which it acquired in 2015 for almost $9 billion. Yesterday, Dollar Tree said it was thinking about selling the brand off, after shuttering hundreds of stores last quarter. Dollar Tree outbid rival Dollar General to snap up Family Dollar, but the chain turned out to be in bad shape and Dollar Tree has been struggling ever since while Dollar General has thrived.
eBay said it would stop accepting American Express, saying the fees are too high and consumers have other options.
An appeals court paused the Georgia election interference case against former President Donald Trump while it considers whether DA Fani Willis should be allowed to remain on the case.
Hunter Biden probably had an awkward day in court as his exes testified about his drug use in his federal gun charge trial.
Senate Republicans blocked a bill that would guarantee access to contraception nationwide.
A deadly heat dome is hovering over California, Nevada, Arizona, Utah, and South Texas.
Hanesbrands agreed to sell Champion to Authentic Brands Group in a deal that could be worth up to $1.5 billion.
Amanda Knox was reconvicted of slander by an Italian court for making a false accusation while being questioned about the murder of her roommate Meredith Kercher, whose slaying Knox was convicted of before being acquitted on appeal.
According to the American Petroleum Institute, US crude oil inventories...
According to the American Petroleum Institute, US crude oil inventories unexpectedly surged by 4.052 million barrels for the week ending May 24, reversing the prior week's decline of 6.49 million barrels. Inventory levels for gasoline and distillates also diverged during the week, with gasoline stocks dropping 452,000 barrels while distillates climbed 2.045 million barrels to push both fuels further from their seasonal five-year averages.
Benchmark U.S. crude oil for July delivery rose 82 centsto $74.07 per barrel Wednesday. Brent crude for August delivery rose 89 cents to $78.41 per barrel.
Wholesale gasoline for July delivery was unchanged at $2.35 a gallon. July heating oilrose 1 centto $2.30 a gallon. July natural gasrose 17 cents to $2.76 per 1,000 cubic feet.
MarketWatch: S&P 500, Nasdaq close at records as Nvidia surpasses $3 trillion market cap →
The S&P 500 and Nasdaq Composite ended at records Wednesday as Nvidia...
The S&P 500 and Nasdaq Composite ended at records Wednesday as Nvidia Corp.'s market capitalization topped the $3 trillion mark for the first time. Nvidia closed with a gain of 5.2%, which was nearly $1,224 a share.
According to preliminary figures, the Dow rose around 96 points to end near 38,807. The S&P 500 booked a gain of 1.2%, ending near 5,354, while the Nasdaq Composite jumped 2% to close near 17,188.
10-year Treasurys fell today, continuing to slide as investors digest recent economic readings. But oil prices finally arrested their decline today after sliding to four-month lows following news that OPEC+ may allow more oil to hit the market later this year.
And gold continues to rise as investors hedge their bets that the news from Friday’s all-important PCE reading may not benefit markets as much as investors hope.
Oil prices edged up slightly during early trading, with benchmark West...
Oil prices edged up slightly during early trading, with benchmark West Texas Intermediate trading at $73.49 per barrel, up 24 cents or 0.3%, and Brent crude reaching $77.78, an increase of 26 cents or 0.3%. The modest increases come despite long-term concerns over the possibility of supply increases from OPEC+ later in the year and rising US crude and gasoline inventories.
