Economy
Stocks making the biggest moves midday: GameStop, Dollar Tree, Cintas and more
Check out the companies making headlines in midday trading. GameStop – The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree – The discount retail chain popped more than 4% […]
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How Salt Lake City transformed into one of the hottest housing and job markets in the U.S.
Salt Lake City has become a thriving metropolis with a booming population and plenty of job opportunities in banking and tech. Many residents, like former Gov. Michael Leavitt, point to the 2002 Winter Olympics as the catalyst for the city’s transformation. “A lot of good things came together at the right time. We had a […]
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Treasury Department is set to lay off a ‘substantial’ number of employees, official says
People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025. Mandel Ngan | AFP | Getty Images The Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink the size of the federal government, according to a court document. […]
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Stocks making the biggest moves premarket: GameStop, Chewy, Dollar Tree, Wingstop and more
Check out the companies making headlines in premarket trading. GameStop — The meme stock surged 16% a day after the company’s board announced it had approved a plan to buy bitcoin and stablecoins with a portion of its corporate cash, in a move similar to that of MicroStrategy. Dollar Tree — The discount retailer gained […]
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British businesses pile on the pressure on U.K. Financial Minister Reeves ahead of budget update
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Home improvement retailer Kingfisher became the latest British company to report a negative impact from U.K. Finance Minister Rachel Reeves’ October budget — […]
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Stocks making the biggest moves midday: Mobileye, Trump Media, CrowdStrike and more
Check out the companies making headlines in midday trading. KB Home — Shares of the homebuilder fell more than 4% after the company posted a top- and bottom-line miss in the first quarter. KB Home earned $1.49 per share on revenue of $1.39 billion. Analysts polled by LSEG were looking for earnings of $1.58 per […]
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Consumer confidence in where the economy is headed hits 12-year low
Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California. Kevin Carter | Getty Images Consumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade, the Conference Board reported Tuesday. The board’s monthly […]
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Stocks making the biggest moves premarket: Carvana, Cloudflare, Pentair and more
Check out the companies making headlines before the bell. UniFirst – The stock tumbled more than 10% after Cintas terminated discussions to acquire the workwear provider in a deal that would have been worth $275 per share in cash. In a statement, Cintas CEO Todd Schneider said, “While we continue to believe in the merits […]
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Morgan Stanley’s near-term rally call: CIO Mike Wilson sees beaten-up Mag 7 stocks as winners
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the […]
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The U.S. is not prepared to win an economic war against China-built containerships, farmers, ocean carriers warn
SUZHOU, CHINA – MARCH 18: ‘ONE FOREVER’ container ship, with a length of 366 meters and width of 51 meters, is assisted by tugboats as it prepares to leave a dockyard of Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd. on March 18, 2024 in Suzhou, Jiangsu Province of China. Vcg | Visual China Group | Getty Images […]
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