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
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