Dollar General and Dollar Tree each reported gains in sales and store traffic on Thursday as higher gas prices forced shoppers to pare back.
Category: Company Reports
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Dollar Tree and Dollar General Report Sales Gains as Shoppers Cut Costs
The New York Times – Business: -
Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets
The New York Times – Business:Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy.
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Tech Giants’ Profits Reveal Potential Vulnerability in the Stock Market
The New York Times – Business:Investment gains at Alphabet and Amazon reveal a new way in which technology companies’ fortunes are increasingly linked.
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Ted Decker, CEO of Home Depot, Is Taking Medical Leave
The New York Times – Business:Ted Decker is expected to return in a few months, and two executives have been appointed to oversee his duties in the interim.
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The New York Times’ Revenue Rises 11%
The New York Times – Business:The company said it added 280,000 digital subscribers in the second quarter.
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Disney Theme Parks Report Strong Results, While Comcast’s Universal Parks Dip
The New York Times – Travel:Theme parks have long been seen as a bellwether for consumer confidence. Disney’s domestic parks and cruises revenue rose 11 percent in the latest quarter.
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S&P 500 Hits Record High as Stock Market Worries About Iran and AI Ease
The New York Times – Business:The S&P 500 rose 1.8 percent, pushing past its previous peak at the start of June and capping a big turnaround from a recent sell off in technology stocks.
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SpaceX’s Spending on A.I. Soars, In First Results After I.P.O.
The New York Times – Business:Elon Musk’s rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.
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McDonald’s U.S. Sales Slow as Consumers Spend More Cautiously
The New York Times – Business:The fast-food giant named a new president of its U.S. operations, aiming to bring “focus and urgency” to a revamp of its outlets.
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Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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SpaceX’s Stock Lockup Is Expiring. Prepare for a Bumpy Ride.
The New York Times – Business:On Thursday, employees and other insiders at Elon Musk’s rocket company will be released from their first stock “lockup” and can start selling some of their shares.