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Dollar stores are struggling to win over bargain hunters — here’s why

Dollar stores are struggling to win over bargain hunters — here’s why

As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Shares of the deep discounters have plunged so far in 2024. The retailers have each cut their full-year forecasts because of weaker-than-expected sales. And both have

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Banks hit credit card users with higher rates in response to regulation that may never arrive

Banks hit credit card users with higher rates in response to regulation that may never arrive

A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City.  Robert Nickelsberg | Getty Images Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most

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GM to sell stake in battery cell plant to joint venture partner for roughly  billion

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion Read More »

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine | Bloomberg | Getty Images DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board

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Elon Musk asks court to block OpenAI from converting to a for-profit

Elon Musk asks court to block OpenAI from converting to a for-profit

Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business. Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday. The injunction would also stop OpenAI from allegedly requiring its investors to refrain from funding

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‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era

‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era

AuliÊ»i Cravalho voices Moana in Disney Animation’s “Moana 2.” Disney The domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator. Disney’s “Moana 2” hit theaters Wednesday and is expected to generate between $120 million and $150 million in

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College Football Playoff expansion boosts advertising, viewership at Disney

College Football Playoff expansion boosts advertising, viewership at Disney

Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan.  Aaron J. Thornton | Getty Images Sport | Getty Images The expanded College Football Playoff format

College Football Playoff expansion boosts advertising, viewership at Disney Read More »

As retailers enter the holiday shopping season, the winners are pulling away from the pack

As retailers enter the holiday shopping season, the winners are pulling away from the pack

Shoppers outside a Target store ahead of Black Friday, in Clifton, New Jersey, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images As the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and convince them to splurge on discretionary items like party outfits, makeup

As retailers enter the holiday shopping season, the winners are pulling away from the pack Read More »

Will the election boost Black Friday and holiday spending? It may depend on how you voted

Will the election boost Black Friday and holiday spending? It may depend on how you voted

BATTLE CREEK, MICHIGAN – DECEMBER 18: A hat tops off a Christmas tree at a “Merry Christmas” rally hosted by U.S. President Donald Trump at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. The House of Representatives will vote later today to determine if Trump will become the third president in U.S.

Will the election boost Black Friday and holiday spending? It may depend on how you voted Read More »

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