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Around 250 fires have been started by people or pets accidentally bumping a knob. Shares of Samsung cloaed today at 73,400 won (the equivalent of $53.39), a drop of 1,300 won (1.74%).
Samsung is recalling 1.1 million stoves to prevent pets from setting your home on fire
https://www.cnn.com/2024/08/08/busin...res/index.html
Starbucks, founded in 1971 in Seattle, has more than 16,000 locations in the United States and more than 38,000 locations worldwide. On July 30, CNN reported, "Consumers have reached their breaking point with $6 iced coffees and lemonades at Starbucks. In the most recent quarter, sales dropped 3% globally amd 2% in the United States. Starbucks’ struggles reflect consumer fatigue with high prices at food chains, restaurants and stores after years of price hikes. They also reveal cracks in Starbucks’ business model, which has changed from a predominantly sit-down coffee shop to a mostly drive-thru and mobile takeout chain."
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
https://www.cnbc.com/2024/08/13/star...an-niccol.html
Disney, Fox and Warner Bros Discovery were hoping to launch their Venu sports streaming service prior to September 5 when the NFL begins its 2024 season. Shares of Disney are now at 89.30, Fox is at 36.76, WBD is at 6.41 and Fubo – the David fighting three Goliaths – is at 1.53.
Judge temporarily blocks sports streaming service Venu, siding with Fubo on antitrust concerns
https://www.cnbc.com/2024/08/16/judg...-concerns.html
In a speech on August 17, Kamala Harris noted that since 2020 when the COVID pandemic began, grocery prices have risen 25% and supermarket chains are enjoying record profits. She vowed to enact a federal law banning price gouging by food suppliers and supermarkets. In an earnings call with investors, Walmart CEO Doug McMillon announced that Walmart will lower prices on 7,200 items – including groceries. Shares of Walmart closed today at 75.24, a gain of 0.70 (0.94%).
Walmart prices going down hands Kamala Harris a huge win
https://www.newsweek.com/walmart-pri...is-win-1942359
United States Steel Corporation, commonly known as U.S. Steel, was formed in 1901 by the merger of Carnegie Steel Company, Federal Steel Company and National Steel Company. Shares of U.S. Steel are now at 37.91. Nippon Steel Corporation, Japan's largest steelmaker, was formed in 1970 by the merger of Fuji Iron & Steel and Yamata Iron & Steel. Shares of Nippon Steel are now at 3,282 yen, the equivalent of $7.78 .
Kamala Harris to back U.S. ownership of U.S. Steel, in blow to prospective takeover by Nippon Steel
https://www.cnn.com/2024/09/02/polit...eel/index.html
Shares of Verizon closed today at 41.30, a drop of 0.18 (0.43%). Shares of Frontier Communications closed at 35.00, a drop of 3.68 (9.51%).
Verizon to acquire Frontier in $20 billion deal to boost fiber network
https://www.cnn.com/2024/09/05/tech/...eal/index.html
Sol Shenk opened the first Odd Lots closeout store in 1982 in Columbus, Ohio. The chain quickly expanded and was eventually renamed Big Lots. Big Lots purchased MacFrugals (formerly Pic 'N' Save) in 1998 and those stores rebranded as Big Lots. There are now 1,389 locations in 48 states. (None in Alaska or Hawai'i.) Shares of Big Lots closed today at 0.50, unchanged from yesterday.
Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
https://apnews.com/article/big-lots-...45fe5cd5c3fe8b
General Mills traces its origin to the Minneapolis Milling Company, founded in 1856 and acquired by Cadwallaber Washburn in 1857. Washburn opened his own mills in 1866 and 1874 and partnered with John Crosby in 1877 to form the Washburn-Crosby Company. General Mills was formed in 1928 when Washburn-Crosby merged with three other mills. Among General Mills' brands are Pillsbury, Betty Crocker, Gold Medal Flour, Cheerios, Wheaties, Trix, Nature Valley, Häagen-Dazs and Old El Paso. Shares of General Mills closed today at 73.01, a drop of 0.12 (0.16%).
General Mills sells North America yogurt operations in $2.1 billion deal
https://www.reuters.com/markets/deal...al-2024-09-12/
The 33,000 striking workers – who rejected Boeing's proposed four-year contract – are 22% of the company's workforce. Sharres of Boeing closed today at 156.77, a drop of 6.00 (3.69%).
33,000 Boeing union members begin strike
https://www.cnn.com/2024/09/13/busin...ntl/index.html
Midday gains in the Dow, NASDAQ and S&P were short-lived. Today the Dow closed at 41,503.10, down 103.08 (0.25%). NASDAQ closed at 17,573.30, down 54.76 (0.31%). The S&P closed at 5,618.26, down 16.32 (0.29%).The Russell 2000 Index closed at 2,237.94, a gain of 32.46 (1.47%).
Fed cuts interest rates a half point in landmark policy shift
ABC News, Sep 18 2024
The Federal Reserve cut its benchmark interest rate by one half of a percentage point oday in a landmark decision that dials back its years-long fight against inflation and could deliver relief for borrowers saddled with high costs. The central bank’s first rate cut since 2020 came after a recent stretch of data had established the key conditions for a rate cut: falling inflation and slowing job gains. In theory, lower interest rates help stimulate economic activity and boost employment. The Dow Jones Industrial Average surged 200 points in the immediate aftermath of the announcement. The S&P 500 and the Nasdaq also climbed following the news.
https://abcnews.go.com/Business/fede...y?id=113751446
Earl Tupper created airtight food-storage containers in 1942 and began selling them to the public as Tupperware in 1946. At its peak, Tupperware was sold in more than 100 countries. Sales have fallen dramatically in recent years. In a regulatory filing on April 7, 2023, Tupperware vice president Karen Sheehan warned that there is "substantial doubt about the company's ability to continue as a going concern." Shares of Tupperware closed today at 0.51, unchanged. Over the past five years, the share price has fallen by 15.17 (96.75%).
Tupperware, no longer a kitchen staple, files for bankruptcy
https://www.npr.org/2024/09/18/nx-s1...are-bankruptcy
Pacific Coast Oil Company was founded in 1879 in San Francisco. After merging with Standard Oil Company of Iowa, it became Standard Oil Company of California in 1906 and was renamed Chevron in 1984..Chevron acquired Gulf in 1984, Texaco in 2001 and Unocal in 2005. Shares of Chevron closed today at 147.54, a gain of 1.86 (1.28%).
FTC set to greenlight Chevron's $53 billion purchase of oil rival Hess, sources say
https://www.reuters.com/markets/deal...ay-2024-09-23/
"Permanent" turned out to be a misnomer. Coca-Cola Spiced is being discontinued after only six months. Among the many other discontinued Coca-Cola flavors are lime, raspberry, cherry vanilla, Diet Cherry Coke, Diet Coke with Lemon and coffee-flavored Coca-Cola Blak. Shares of Coca-Cola closed today at 71.33, a drop of 0.40 (0.56%).
Coca-Cola is pulling its newest 'permanent' flavor from store shelves
https://www.cnn.com/2024/09/24/food/...ued/index.html
Worldwide, approximately four and a half billion Visa debit cards.and credit cards have been issued. They are accepted by more than 130,000,000 merchants and businesses – but those merchants and businesses pay Visa a "processing fee," also known as a "swipe fee," on every transaction. It ranges from 1.4% to 2.5%. Many businesses have raised prices to cover those fees – and the Department of Justice is not happy.
US Justice Department accuses Visa of illegal monopoly that adds to the price of ‘nearly everything’
https://www.cnn.com/2024/09/24/busin...uit/index.html
In a statement, DIRECTV – which will assume Dish Network's $9.9 billion debt – said the acquisition will allow the company to offer "smaller content packages to consumers at lower prices." That falls under the categfory of "We'll believe it when we see it.".
DIRECTV to acquire Dish Network, Sling TV for $1
https://www.latimes.com/entertainmen...e-dish-network
Average rent is now $1,556 per month. Average price of a gallon of gasoline is now $3.17. (California has the highest price: $4.68.) Average price of a dozen large eggs is $3.61. Price has risen recently because of outbreaks of bird flu. The culling of millions of chickens has resulted in low supplies of eggs.
U.S. inflation reaches lowest point since February 2021
Cooling inflation, solid hiring and healthy growth could erode former President Donald Trump’s perceived advantage on the economy as measured by public opinion polls.
https://www.huffpost.com/entry/consu...b0f3da6455ef10
The first Southland Ice Company convenience store opened in 1927 in Dallas. In 1928, after several more locations had opened, the chain was renamed Tote'm Stores. In 1946, it became 7-Eleven to reflect the stores' operating hours, 7 AM to 11 PM. Shares of 7-Eleven parent company Seven & I Holdings closed today at 15.35, a drop of 0.18 (1.16%).
7-Eleven is closing more than 400 locations
CNN, Oct 11 2024 1:04 PM EDT
Several hundred underperforming 7-Eleven locations across North America are closing..Seven & I Holdings, the chain’s Japan-based parent company, revealed in an earnings report Thursday that 444 7-Elevens are shutting down because of a variety of issues, including slowing sales, declining traffic, inflationary pressures and a decrease in cigarette purchases. A list of closing locations wasn’t immediately released. The chain has more than 13,000 stores across the United States, Canada and Mexico.
https://www.cnn.com/2024/10/11/busin...res/index.html
Among the biggest gainers today: Travelers, Qualcomm, Lululemon, Humana, Adobe, Coinbase Global, SoFi Technologies, Applied Materials, Longboard Pharmaceuticals and Delta Air Lines. ,
Dow adds 200 points for first close above 43,000
McDonald’s, UnitedHealth Group and Apple led the Dow higher. Technology continued its upward run and was the best performing sector in the S&P.
https://www.nbcnews.com/business/mar...000-rcna175376
Oy vey! This is the largest fine ever imposed by the Department of Transportation against an airline for civil rights violations. Shares of Lufthansa closed today at €6.68 (the equivalent of $7.24), a gain of €0,21 (3.24%).
Lufthansa fined $4 million for blocking 128 Jewish passengers from boarding flight
https://www.cbsnews.com/news/lufthan...ngers-penalty/
Isaac W. Blood owned two pharmacies in Chicago. In 1898, he hired 25-year-old Charles Walgreen to work at the pharmacy located in the Barrett Hotel. In 1901, Walgreen bought the pharmacy. He opened a second store in 1910. By 1930, there were than 500 Walgreens stores nationwide. Walgreens now has more than 8,500 stores in the United States, Puerto Rico and the Virgin Islands. At least 14% of those will be closing. Shares of Walgreens closed today at 11.07, a gain of 0.65 (6.24%).
Walgreens closing 1,200 stores over next 3 years; 800 more under evaluation
https://finance.yahoo.com/news/walgr...170401653.html