Dollar General, the discount retailer, faced a significant setback with a nearly 30% drop in share prices due to a cut in sales and profit guidance for the year. CEO Todd Vasos attributed the softer sales trends to financially constrained core customers, leading to disappointing results in the fiscal second quarter. This news also had
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Poland’s largest opposition party, the nationalist Law and Justice (PiS), is set to lose millions in state funding after the electoral commission’s ruling. The commission stated that PiS had misused public money for campaigning during the 2023 general election. This decision is expected to have significant implications for the party’s future and political influence in
Universal Studios has officially announced the release date of the highly anticipated musical feature, Atlantis, directed by Michel Gondry. Set to hit theaters on May 9, 2025, the film is a celebration of Pharrell Williams’ childhood experiences at the Virginia Beach Atlantis Apartments during the summer of 1977. While Piece by Piece, a biopic about
American Eagle failed to meet Wall Street’s sales expectations for the second quarter in a row, resulting in an over 8% drop in the company’s shares during early trading. However, the company saw a significant increase in profit, with earnings per share coming in at 39 cents compared to the expected 38 cents. This marked
France’s President Emmanuel Macron is set to visit Belgrade in an attempt to enhance the relationship between France and Serbia. The Balkan country is currently navigating its EU membership bid while also maintaining close ties with Russia and China. During the visit, Macron and Serbia’s President Aleksandar Vucic will discuss various topics, including the potential
The tech and chip-related stocks in Asia experienced a downward trend following the release of Nvidia’s second-quarter results. Companies with direct connections to the U.S. tech giant, such as SK Hynix and Samsung Electronics, were hit the hardest. SK Hynix, a manufacturer of high bandwidth memory chips used in AI applications for Nvidia, saw its
The Bank of Israel has made it clear that they do not intend to lower short-term interest rates at their remaining two policy meetings in 2024. This decision comes as a result of rising price pressures and ongoing geopolitical risks. Despite holding the benchmark interest rate at 4.5% for five consecutive decisions, concerns about inflation
Elon Musk’s artificial intelligence startup, xAI, has recently come under fire for its environmental practices in Memphis, Tennessee, where it operates a data center. The company has been accused of using natural gas burning turbines without a permit, leading to concerns about pollution and its impact on the surrounding community. The Southern Environmental Law Center
In a recent development, U.S. government researchers visited the Sangdong Mine in South Korea to evaluate progress on increasing the supply of tungsten, a critical metal used in various industries. The mine, owned by a subsidiary of Canada-based Almonty Industries, is set to restart operations this year. Tungsten, known for its hardness, is utilized in
In the midst of an inflation-fueled sales slump in the toy industry, Lego has emerged as a shining beacon of success. The Danish toymaker reported a 13% increase in revenue during the first half of 2024, reaching a staggering 31 billion Danish krone, equivalent to about $4.65 billion. CEO Niels Christiansen attributed this growth to