Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending.The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% to 4.7%, compared to its previous expectation of about 3.4% to 4.4%. It expects diluted earnings per share to range from $5.20 to $5.80, compared to its prior outlook of approximately $5.10 to $5.80. Dollar General anticipates same-store sales will increase 1.5% to 2.5%, higher than its previous guidance of about 1.2% to…
Author: usaeverydaylife
Homeland Security Secretary Kristi Noem speaks to employees at the Department of Homeland Security, Tuesday, Jan. 28, 2025, in Washington, U.S. Manuel Balce Ceneta | Via ReutersThreatening letters about President Donald Trump that led to the highly-touted arrest by federal authorities of an undocumented immigrant last month were actually written by a jailed Wisconsin man trying to get him deported, prosecutors said in a new criminal complaint.Demetric DeShawn Scott, the inmate, hoped to get Mexican immigrant Ramon Morales-Reyes deported because he is a witness in Scott’s upcoming criminal trial for alleged armed robbery and battery against Morales-Reyes, a criminal complaint filed…
Nvidia CEO Jensen Huang speaks as he visits Lawrence Berkeley National Lab to announce a U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S., May 29, 2025. Manuel Orbegozo | ReutersNvidia passed Microsoft in market cap on Tuesday, once again becoming the most valuable publicly traded company in the world.Shares of the artificial intelligence chipmaker rose about 3% on Tuesday to $141.40, and the stock has surged nearly 24% in the past month as Nvidia’s growth has persisted even through export control and tariff concerns.The company now has a $3.45 trillion market cap. Microsoft…
Signage at a Citibank branch in New York, US, on Sunday, Jan. 12, 2025. Michael Nagle | Bloomberg | Getty ImagesCitigroup on Tuesday ended a seven-year-old policy restricting how it provides banking services to firearm manufacturers, sellers and resellers.The bank launched the policy in March 2018 after a teenage gunman killed 17 people and injured more than a dozen in a mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida, on Feb. 14 that year.Citi said at the time that it would require clients to “adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background…
It’s been a good year so far for Vanguard’s so-called 40/60 strategy. The model portfolio is overweight on fixed income, with the idea that higher bond yields can offer some cushion against moderate price increases. Yields, which move inversely to prices, have remained elevated this year. The 10-year Treasury yield once again topped 4.5% last month and is now around 4.46%. The strategy uses a method called time-varying asset allocation, which is based on Vanguard’s 10-year forecasts for returns. The exact portfolio breakdown is 38% in equities and 62% in fixed income. “So far this year the positioning of the…
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., on May 30, 2025.Nathan Howard | ReutersElon Musk on Tuesday tore into the massive tax-and-spending-cut bill backed by President Donald Trump, calling it a “disgusting abomination” that will explode federal budget deficits.”I’m sorry, but I just can’t stand it anymore,” Musk wrote in a post on his social media site X.”This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” added the Tesla and SpaceX CEO.”Shame on those who voted for it: you know you did wrong. You…
Donald Trump Jr. is distancing himself from his father’s meme coin — while defending the family’s broader foray into crypto as a response to being frozen out of the traditional banking system.”I wasn’t involved in the meme coin,” Trump Jr. said in an interview on CNBC’s “Squawk Box.” “I’m more focused on the stablecoin, the bitcoin mining.”Meme coins are a class of cryptocurrency fueled by social media buzz and celebrity hype rather than real-world utility. They often skyrocket in value before crashing just as quickly — a pattern that’s drawn concern from regulators, particularly when high-profile figures are involved.President Donald…
After months of political turmoil in South Korea, Lee Jae-myung has won the presidential election by a wide margin. Mr. Lee’s campaign has ridden a wave of anger against former President Yoon Suk Yeol after he tried to impose martial law in December. Source link
After a strong rebound from the tariff-induced correction, the markets have now been moving sideways for the past three weeks. This kind of consolidation is typical — it’s how markets build up energy for the next leg, whether that’s higher or lower. When risk-on sentiment returns and money starts flowing into growth stocks, the Magnificent 7 typically lead the charge. As that momentum builds, we can expect several trading opportunities to emerge. One stock that appears to be setting the stage is Meta (META) , which has been range-bound since May 14th and looks poised for a breakout. To confirm…
Analysts are closely watching Merus and see more upside ahead coming out of one of the biggest biotechnology conferences in the U.S. Merus shares shot up late last month following the release of promising Phase 2 data for a treatment for head and neck cancer. The trial data showed that when Merus’ treatment was used alongside Merck ‘s Keytruda, nearly 80% of patients were alive after 12 months. This has made the Netherlands-based company the talk of the investing set that flocked to Chicago for the American Society of Clinical Oncology’s annual meeting , which concludes Tuesday. “They’re first in…
