Dollar Recovers From Losses
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The U.S. dollar was steady on Wednesday and near its lowest since the start of October after data showed the labour market remained soft, leaving investors on edge about when the next rate cut from the Federal Reserve is likely to come.
The yellow "STORE CLOSING" signs stood out for people in Cleveland and in Portage County: Family Dollar is closing stores as the year comes to an end.
Dollar Tree, Dollar General and Five Below will all report quarterly earnings this week, after a year of tariffs, a government shutdown and an increasingly K-shaped economy.
Dollar Tree said approximately three million more households shopped at its stores during the third quarter compared to last year.
Social media's abuzz on sneaky price increases at Dollar Tree stores. See how much it may cost to shop there this holiday.
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: JPMorgan upgraded Dollar General (DG) to Overweight from Neutral with a price target of $166,
Third, the Trump administration is openly attacking and undermining US government agencies and the country’s central bank, the Federal Reserve. Trump has repeatedly threatened to replace the current Fed chair, Jerome Powell, and dismiss other central bank officials since returning to the White House in January.
Tennessee-based Dollar General reported a 4.6 percent year-over-year increase in sales, while net income soared 44 percent to $282.7 million. Virginia-based Dollar Tree reported a 9.4 percent year-over-year jump in quarterly revenue to $4.7 billion and a $4.8 percent increase in profit to $244 million.
The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.