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Dollar Tree. Dollar King. Dollar General. Family Dollar. Those names are no longer to be taken literally. Shares of Dollar Tree closed today at 143.61, a drop of 2.05 (1.41%).
Dollar Tree plans to raise prices up to $5 proving there's no such thing as a 'dollar store' anymore
https://www.msn.com/en-us/money/comp...re/ar-AA1ddUvj
On June 16, the Teamsters union – which represents more than 340,000 United Parcel Service workers – voted to authorize a nationwide strike if a new contract could not be reached. Such a strike would be the largest in United States history. On June 29, Teamsters president Sean O'Brien said a strike is "imminent." Today it is no longer imminent. Shares of UPS have fallen by 2.91% over the past year and are now at $179.25.
UPS agrees to ax two-tier wage system in win for Teamsters
https://news.bloomberglaw.com/daily-...-for-teamsters
Christmas Tree Shops sold bedding, furniture, rugs, carpets, toys, tools, artwork, office supplies. cleaning supplies, party supplies, pet supplies and many other products – but did not sell Christmas trees. Go figure!
Christmas Tree Shops closing all 73 stores across 20 states after worsening finances
https://www.usatoday.com/story/money...s/70384180007/
Twitter lawyer Alex Spiro is threatening to sue Meta CEO Mark Zuckerberg over concerns that Meta has hired "dozens of former Twitter employees" and "has engaged in systematic, willful and unlawful misappropriation of Twitter’s trade secrets and intellectual property." Shares of Meta Platforms – formerly Facebook – closed today at 291.99, a drop of 2.38 (0.81%).
Meta officially launches Twitter rival Threads. 30 million have joined already.
https://www.cnn.com/2023/07/05/tech/...ram/index.html
Statista, a Hamburg-based data gathering site, says Facebook launched in 2004 and took ten months to reach one million registered users. Twitter launched in 2006 and took two years to reach one million registered users. Meta Platforms launched Threads on July 5, 2023 and the messaging app had two million users after just two hours, 30 million users after 18 hours and 70 million users after 40 hours. Shares of Meta closed today at 290.53, a drop of 1.46 (0.50%).
Threads app reached 78 million users as Twitter threatens lawsuit
https://www.searchenginejournal.com/...am-app/490812/
Twitter now has 353.9 million users, a 3.93% decrease since 2022. Threads is likely to surpass that number in a few weeks.
Threads now fastest-growing app in history – with 100 million users in just five days
https://www.forbes.com/sites/siladit...pp-in-history/
The Stargazer jet will fly at nine times the speed of sound. This reminds me of a New Yorker cartoon showing two women boarding a plane. "Please don't fly faster than the speed of sound," one of them tells the pilot. "We want to talk."
A US startup wants to use a new kind of plane engine to propel a jet carrying 12 passengers from Los Angeles to Tokyo in an hour
https://www.businessinsider.com/venu...ne-hour-2023-7
June was the 12th consecutive month that the annual rate of inflation has declined. Gasoline prices rose 1% in June but are 27% lower than a year ago. Grocery prices have risen 4.7% over the past year.
Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases
https://www.cnbc.com/2023/07/12/infl...increases.html
Elon Musk, 52, now oversees six companies: Tesla, Twitter, Neuralink, SpaceX, the Boring Company – couldn't he have come up with a better name? – and xAI.
Elon Musk launches new company xAI, which proclaims a lofty mission to 'understand the true nature of the universe'
https://www.businessinsider.com/elon...website-2023-7
Who decided this would be a good idea? It isn't. Shares of Hyundai are now at $43.50.
Hyundai put speakers in its new electric car so you can blast fake engine noises around your neighborhood
https://www.businessinsider.com/hyun...e-noise-2023-7