Month: June 2024
Dollar Tree is exploring a sale of its Family Dollar brand
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp […]
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Nvidia passes Apple in industry cap as 2nd-most important community U.S. company
Jensen Huang, co-founder and CEO of Nvidia, throughout the Nvidia GPU Technological know-how Convention in San Jose, California, on March 19, 2024. David Paul Morris | Bloomberg | Getty Pictures Nvidia handed Apple in industry cap on Wednesday as investors carry on betting on the chipmaker driving the artificial intelligence increase. It is now the […]
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Shares producing the largest moves midday: CrowdStrike, GameStop, Greenback Tree, Nvidia and far more
Check out out the providers earning headlines in midday investing: CrowdStrike — The cybersecurity enterprise popped 12% soon after publishing a strong outlook and a to start with-quarter final results defeat. CrowdStrike documented adjusted earnings of 93 cents for each share on $921 million in revenue, which came in in excess of the earnings of […]
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Consumer journey continues to be strong inspite of inflation stress, says Journey + Leisure CEO Mike Brown
ShareShare Posting by way of FbShare Report by using TwitterShare Write-up through LinkedInShare Article by means of E mail Travel + Leisure CEO Mike Brown joins CNBC’s ‘The Exchange’ to go over purchaser travel developments, inflation’s affect on vacation, and much more. 04:29 Wed, Jun 5 20242:31 PM EDT Supply
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Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as fees fall
Vital Details Starwood Cash Team CEO Barry Sternlicht defended his choice to cap how much cash traders could pull from his true estate fund. Starwood introduced new constraints that cap regular withdrawals at .33% of net asset value. Sternlicht explained he made the decision to carry out the cap to guard faithful purchasers who in […]
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Boeing Starliner launches for the first time carrying NASA astronauts to the ISS
Boeing launched its first Starliner flight with astronauts on Wednesday, beginning a crucial final flight test of the long-delayed spacecraft. The launch took off at 10:52 a.m. ET from Cape Canaveral, Florida, with two NASA astronauts aboard. Starliner is carried by a United Launch Alliance Atlas V rocket and is bound for the International Space […]
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Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
A shopper walks past the American sportswear fashion brand Champion store in Hong Kong. Budrul Chukrut | Getty Images Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash consideration, the company announced on Wednesday. The deal has the potential to reach […]
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Walmart rolls out new training programs for skilled trades as it tries to fill high-demand roles
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The big-box retailer said it will also offer another reason for hourly store workers to stick around: a bonus of up to $1,000 per year. Walmart, the nation’s […]
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Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market. The payroll processing firm said that companies added 152,000 jobs on the month, fewer than the downwardly revised 188,000 in April and below the Dow Jones consensus estimate for 175,000. This […]
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Electric air taxi maker Archer Aviation gets key FAA sign-off
Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023. Carlos Barria | Reuters The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday. Archer is […]
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