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☆ Dollar Tree shares plunge 22% after discounter cuts full-year forecast
▼ + stars: | 2024-09-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Shares of Dollar Tree fell more than 22% on Wednesday after the discounter cut its full-year outlook, citing increasing pressures on middle-income and higher-income customers. Dollar Tree includes two store chains, its namesake, which sells a wide variety of lower-priced items like party supplies, and Family Dollar, which carries more food. At Dollar Tree, same-store sales increased by 1.3% and at Family Dollar, same-store sales fell by 0.1%. Dollar Tree bought Family Dollar for nearly $9 billion in 2015 and since then, it's struggled to strengthen the grocery-focused chain and better compete with Dollar General.

Persons: Jeff Davis, Todd Vasos, Davis, it's, —, Robert Hum Organizations: LSEG, Dollar, Walmart Locations: Rio Vista , California

The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% a week ago, the lowest mortgage rates have been in 15 months, according to Freddie Mac. "I bought a house when [the mortgage rate] was 15% and then I refinanced." "No bank is ever going to give you a true no closing cost loan at the lowest possible rate. And buying with the goal of refinancing is always taking a gamble on mortgage rates, which comes with a certain amount of risk. Even though recent declines in mortgage rates may gain steam as the Fed lowers its benchmark rate, lower mortgage rates could also boost homebuying demand, which would push prices higher.

Persons: Freddie Mac, Jacob Channel, Dottie Herman, Douglas Elliman, I've, Melissa Cohn, William Raveis, Banks, Cohn, Keith Gumbinger, Michael Krowe, Krowe Organizations: Brigade, Getty, Federal, LendingTree, Fed, William Raveis Mortgage, HSH.com, Edelman Locations: New York

☆ Best Buy stock soars on a beat and raise. We think that's just the beginning
▼ + stars: | 2024-08-29 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Best Buy 's quarterly beat and guidance raise on Thursday was good for a 15% pop in the stock as investors rewarded better execution and the promise of wider adoption of AI devices and lower interest rates. BBY YTD mountain Best Buy YTD Thursday's advance sent Club stock Best Buy back above $100 and above our price target of $95. On the call, Best Buy CEO Corie Barry, said that growth in tablets, computing, and services, was more than offset by declines in appliances, home theater, and gaming. Best Buy Why we own : We took a position in Best Buy because we believe it will prove to be a go-to destination for consumers looking to upgrade hardware, much of which was purchased during Covid, to new AI-powered devices. Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBC

Persons: there's, Corie Barry, comps, we're, Barry, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Revenue, LSEG, Home, Computer, Target, Walmart, Amazon, Costco, Management, Mobile, Microsoft, Geek, CNBC Locations: Lowe's, Williams, Sonoma, Secaucus, N.J

On a chilly, windy morning in March, Nagisa Landfield’s and Leila Noelliste’s skateboard wheels boomed in unison with the clanking of construction work and semi trucks echoing nearby at a skatepark under the Kosciuszko Bridge in Brooklyn. When an attempt at a trick turned into a fall, they laughed it off alongside their instructor, Liv Collins, and a group of women they were skating with. It was common practice to cheer for one another when they fell just as strongly as when they stuck the landing.

Persons: Nagisa Landfield’s, Leila Noelliste’s, Liv Collins Locations: Brooklyn

At the 2016 Democratic National Convention in Philadelphia, Rep. Patrick Maloney, D-N.Y., was met with thunderous applause as he proudly introduced transgender advocate Sarah McBride. “She is right now the first trans person ever to address a national convention,” Maloney boasted. But at this year’s Democratic convention in Chicago, trans people were notably absent from the stage. To some trans Americans, the omission did not go unnoticed. Harris, who has actively supported gay rights throughout her career, is also seen by advocates as having one of the most, if not the most, LGBTQ-friendly policy record of any presidential candidate.

Persons: Patrick Maloney, Sarah McBride, ” Maloney, ” McBride, she’s, Danica Roem —, —, Sen, Cory Booker, Kelley Robinson, Charlotte Clymer, ”, Harris, Gov . Walz, ” Clymer, Melissa Michelson, Oprah Winfrey, it’s, “, Tim Walz, Kamala Harris nodded, Pete Buttigieg, Laphonza Butler, Erin Reed, there’s, Donald Trump, Rodrigo Heng, Lehtinen, Kamala Harris, ” Heng Organizations: Convention, Democratic, DNC, Republican National Convention, NBC, U.S, Gov, Republican Party, California’s Menlo College, Gallup, Straight Alliance, Victory, NBC News, Democratic Party, GOP, Trans Locations: Philadelphia, Delaware, Virginia, Chicago, Milwaukee, Tennessee, Minnesota, D

The Department of Veterans Affairs has clawed back billions of dollars that countless veterans were given as incentives to leave the military, including when it needed to downsize, according to new data obtained by NBC News. Disabled veterans have been told in the last 12 fiscal years to return nearly $3 billion in special separation pay — lump-sum incentives that were offered when the U.S. had to reduce its active-duty force or release slightly injured service members, the data shows. The justification of the recoupment rule carried over in the 1990s when other forms of special separation payments — unrelated to disabilities — were authorized. Those payments, including the Special Separation Benefit (SSB), were designed instead to help the Defense Department manage its force size. He was told to pay back the money in 2017 after he filed for VA disability for PTSD and other conditions.

Persons: ”, Damon Bird, “, ” Salahudin Majeed, Bird, Salahudin Majeed, ” Majeed, ‘, ’ ” Majeed, —, ” Marquis Barefield, Marquis Barefield, ” Barefield, John Colage, Terrence Hayes, Hayes, Colage, ” Colage, Domenick Fini, Denis McDonough’s, Majeed, recoupment, Ruben Gallego, Gallego Organizations: of Veterans Affairs, NBC News, Disabled, NBC, Army, ” Army, Congressional Research Service, Defense Department, DAV, American Veterans, ” Navy, U.S ., Appeals, Veterans, Veterans ’ Appeals, RAND Corporation Locations: U.S, —, Haslet , Texas, USS Iowa, Missouri, Texas, Iraq

☆ Watch Friday's full episode of Fast Money — August 23, 2024
▼ + stars: | 2024-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of Fast Money — August 23, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Traders are confident Nvidia stock will rise after earnings, according to options market
▼ + stars: | 2024-08-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Wall Street traders think next week's earnings report from Nvidia is likely to give the chip stock another boost, according to one interpretation of options market pricing. A Piper Sandler research note on Thursday from Benson Durham and Melissa Turner said short-term options on Nvidia look expensive, but that high cost is tilted toward options that serve as bets the stock will rise. So, expensive NVDA options in general don't connote very much investor angst heading into the release," the Piper Sandler report said. The market optimism about Nvidia extends beyond the immediate period after the earnings report, according to Piper Sandler. The Piper Sandler researchers did not take a fundamental position on Nvidia's earnings report.

Persons: Piper Sandler, Benson Durham, Melissa Turner Organizations: Nvidia, Apple, Microsoft

☆ Solingen: German stabbing attack leaves three dead
▼ + stars: | 2024-08-23 | by ( Benjamin Brown | Melissa Gray | ) edition.cnn.com time to read: +1 min

CNN —A manhunt is underway after three people were killed and four severely injured during a stabbing attack in the western German city of Solingen, police told CNN. The attacker is on the run and police are treating the incident as a terror attack, said a German police spokesperson. “This evening, all of us in Solingen are experiencing shock, horror, and great sadness,” The city’s mayor, Tim Kurzbach, wrote on Solingen’s Facebook page. According to the festival’s website, Friday was the start of the three-day “Festival of Diversity,” which would include music, food, performances, and family-friendly entertainment. Bergisch Symphony Orchestra, the shared orchestra for the cities of Solingen and Remscheid, was scheduled to play on the main stage on Friday.

Persons: Tim Kurzbach, Gianni Gattus, “, ” Organizations: CNN, Police, Facebook, ” Police, Diversity, Bergisch Symphony Orchestra Locations: German, Solingen, Remscheid

☆ Harris needs to improve her economic policies to win the popular vote: Strategists
▼ + stars: | 2024-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarris needs to improve her economic policies to win the popular vote: StrategistsLanhee Chen, Fellow from Hoover Institution and Melissa DeRosa, Democrat Strategist evaluate Harris' proposed economic policies and how they might impact voters' decisions especially in swing states.

Persons: Harris, Lanhee Chen, Melissa DeRosa Organizations: Hoover Institution

☆ Blake Lively and her 'It Ends With Us' director Justin Baldoni are rumored to have fallen out — and fans can't stop talking about it
▼ + stars: | 2024-08-14 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +11 min

Here's everything we know about the rumored falling out between Baldoni and Lively — and how Ryan Reynolds might factor in. Blake Lively with Hugh Jackman, Ryan Reynolds, Tammy Reynolds, and Brandon Sklenar at the New York premiere of"It Ends With Us." While speaking to Entertainment Tonight on the carpet at the New York premiere, Baldoni explained why he was stepping back from the limelight. Lively and Baldoni clashed during filming, according to sources close to productionBlake Lively and Justin Baldoni filming a scene from "It Ends With Us" in May 2023. Representatives for Baldoni, Lively, Reynolds, and Hoover did not respond to a request for comment from Business Insider.

Persons: —, Blake Lively, Lively, Justin Baldoni, Ryan Reynolds, Baldoni, Jane, Virgin, Hugh Jackman, Tammy Reynolds, Brandon Sklenar, John, costars Brandon Sklenar, Isabela Ferrer, Colleen Hoover, Hoover, Reynolds, Jackman, Liz Plank, John Nacion, Blake, Colleen, I'm, subreddit, Jenny Slate, Jojo Whilden, It's, us, justin, ake, ona, laherty, ade, romo Organizations: Service, Business, New York, John Nacion, Variety, New, Vogue, Entertainment, London, Getty, Sony Pictures, obb Locations: Baldoni, New York, Instagram, York

☆ Home Depot may need an interest rate cut to boost its sales
▼ + stars: | 2024-08-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

That waiting game has only intensified with a potential interest rate cut in sight. "What our customers tell their pros is, 'Everything I read tells me interest rates will be lower in three to six months,'" McPhail said. An interest rate cut could help move the needle for Home Depot as sales slow. The Federal Reserve has dropped hints that an interest rate cut could come soon. Even with an interest rate cut, Decker said, "people still might pause a little bit until some of this gets sorted out."

Persons: Richard McPhail, McPhail, Ted Decker, Jerome Powell, Decker, —, Diana Olick Organizations: Federal, CNBC, Depot, Mortgage News Locations: El Cerrito , California

☆ Home Depot expects sales to weaken as consumers grow more cautious
▼ + stars: | 2024-08-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. It had previously expected comparable sales, a metric that takes out the impact of store openings and closures and other one-time factors, to decline about 1%. Total sales are expected to increase between 2.5% and 3.5% including a 53rd week in the fiscal year and approximately $6.4 billion in sales from SRS. In an interview with CNBC, Chief Financial Officer Richard McPhail said Home Depot has contended with consumers who have a "deferral mindset" since the middle of 2023. It marked the seventh consecutive quarter of negative comparable sales at Home Depot.

Persons: Richard McPhail, They've, McPhail, Jerome Powell, –, Robert Hum Organizations: CNBC, LSEG, Depot, Target, Home Depot, Consumers, Federal Reserve Locations: Florida Keys, United States, U.S

☆ Watch Tuesday's full episode of Fast Money — August 13, 2024
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of Fast Money — August 13, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Mother arrested in cold case death of newborn girl found in California dumpster 37 years ago
▼ + stars: | 2024-08-12 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

The mother of a newborn baby discovered dead in a dumpster in California nearly 40 years ago has been arrested, accused of murder after she was identified using DNA technology. The newborn baby girl was found by a man rummaging for recyclables in a dumpster behind a business in the 5400 block of La Sierra Avenue in Riverside on Oct. 13, 1987, Riverside Police said. The department was aided by Season of Justice, a nonprofit that provides financial aid for investigative agencies and families to solve cold cases using DNA analysis and forensic genealogy. Avila, who was 19 at the time of the child’s death, was located across the country in Shelby, North Carolina. “Thanks to the persistent efforts of our investigators and partners, this victim now has an identity, bringing resolution to the case,” Riverside Police Chief Larry Gonzalez said in a statement.

Persons: Othram, Othman, Melissa Jean Allen Avila, Avila, Larry D, She's, Larry Gonzalez Organizations: recyclables, Riverside Police, Case Unit, Smith Correctional, NBC News, Authorities, ” Riverside Police Locations: California, Sierra, Riverside, Texas, Shelby , North Carolina, Riverside County

☆ Retail Cities’ Bryan Gildenberg gives his read on the retail space ahead of earnings
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail Cities’ Bryan Gildenberg gives his read on the retail space ahead of earningsCNBC’s Melissa Repko and Retail Cities’ Bryan Gildenberg, join 'Power Lunch' to discuss the retail sector ahead of earnings.

Persons: ’ Bryan Gildenberg, Melissa Repko, Cities ’ Bryan Gildenberg Organizations: ’, Cities ’

☆ Apartments, hockey rinks and Amazon warehouses: Macy's closures will set off a wave of change at shopping malls
▼ + stars: | 2024-08-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. As of early May, the company had 503 Macy's stores, including a small number of other concepts outside of malls. There were 352 shopping malls classified as Class A and B at the end of 2016, according to company reports, S&P Capital IQ and Coresight Research. That decline is sharper among Class C and D shopping malls, which fell from 684 malls in 2016 to 287 in 2022, according to the companies' research. At some distressed malls, Macy's may be the last anchor that remains.

Persons: Justin Sullivan, Macy's, Tony Spring, Chris Wimmer, Saul Loeb, Taylor, Anand Kumar, Kumar, Naveen Jaggi Organizations: Fitch, Shoppers, Fashion Centre, Pentagon, Afp, Getty, JCPenney, Coresight, Nordstrom, Belk, Foods, Brookfield Properties Grocery Locations: San Leandro , California, Arlington , Virginia, U.S, JLL, San Francisco

☆ Watch Monday's full episode of Fast Money — August 12, 2024
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of Fast Money — August 12, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ I'm a mom of 3 and prefer spending time with my child-free friends
▼ + stars: | 2024-08-12 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

As the years passed and my children grew older, conversations with friends who also have kids thankfully moved on to more stimulating topics. I was reminded of this recently when I caught up with three close friends who are footloose and child-free. Chatting to my friends without kids was like having a glimpse into the person I used to be. Making time for my friends was good for meWhen I left the restaurant, I felt recharged and refreshed. AdvertisementMelissa Noble (left) recently went to a concert with her child-free friends Simone Turner and Sharon Green.

Persons: it's, I've, Melissa Noble, Simone Turner, Sharon Green Organizations: Service, Business Locations: Melbourne, Canada

☆ DNA leads police to arrest of mother in 1987 California baby death
▼ + stars: | 2024-08-11 | by ( Melissa Alonso | Steve Almasy | ) edition.cnn.com time to read: +2 min

CNN —Cold case investigators have arrested a 55-year-old woman in North Carolina in connection with the death of a newborn girl found in a California dumpster 37 years ago, according to the Riverside Police Department. Through DNA testing, detectives identified the baby’s mother as Melissa Jean Allen Avila, police said in a Thursday news release. In 2020, the department’s new homicide cold case unit reopened the case. “Othram assisted with investigators’ reference testing efforts using (a method of testing that) allows investigators to infer kinship in closely and distantly related individuals,” the company said. “Thanks to the persistent efforts of our investigators and partners, this victim now has an identity, bringing resolution to the case,” Riverside Police Chief Larry Gonzalez said.

Persons: Melissa Jean Allen Avila, Avila, Othram, ” Melissa Jean Allen Avila, “ Othram, Charlotte . Avila, Larry Gonzalez, “, ” Avila’s Organizations: CNN, Riverside Police Department, Avila, City News Service, Attorney’s, Police, ” Melissa Jean Allen Avila Riverside Police Department, ” Riverside Police Locations: North Carolina, California, Riverside County, Riverside, recyclables, Shelby , North Carolina, Charlotte

☆ I never wanted to get married. But when I got pregnant, everything changed.
▼ + stars: | 2024-08-10 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

Read previewI've always been a commitment phobe and was never interested in getting married. Getting pregnant changed how I felt about commitmentBy that point, Sam and I had been together for eight years. Courtesy of Melissa NobleWe've now been married almost 10 yearsAt the very end, it said, "You're the girl of my dreams. AdvertisementGetting pregnant changed my headspace about marriage and helped me think of the future differently. The formality of being married did make a difference, and almost 10 years on, we're still going strong.

Persons: —, Sam, I'd, didn't, I've, Let's, Sam's, Port Phillip Bay, satchel, He'd, Melissa Noble's, Melissa Noble We've, we're Organizations: Service, Business Locations: Black Rock, Melbourne, Port Phillip, Gold

☆ Watch Friday's full episode of Fast Money — August 9, 2024
▼ + stars: | 2024-08-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of Fast Money — August 9, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians' crosshairs. Walmart , McDonald's and Kroger are just a few of the companies that have found themselves in the debate over high inflation in the 2024 election. Democrats — particularly those like Casey who are trying to win races in competitive swing states — are trying to capitalize on frustration against companies over inflation. (The source of the data is unclear, and McDonald's has denied that its average prices have risen that much.) The criticism could also add to the pressure companies face to show they can lower prices or offer value.

Persons: Elizabeth Warren, Bob Casey, Kroger, Rodney McMullen, —, Casey, Joe Biden, McDonald's, Kamala Harris, Donald Trump, Harris, Trump, Biden, Cait Lamberton, That's Organizations: Walmart, McDonald's, Kroger, Albertsons, House Republican, Taco Bell, Democratic, Republican, U.S . Bureau of Labor Statistics, University of Pennsylvania's Wharton Locations: Sens, McDonald's

☆ Secret Service busted into a salon to let people use the bathroom during a Kamala Harris fundraiser, business owner says
▼ + stars: | 2024-08-07 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Secret Service agents taped over a security camera and broke into a Massachusetts hair salon while securing the area for a Kamala Harris campaign event, according to the salon's owner. Advertisement(Business Insider blurred the face of a Secret Service agent in the video below.) The fourth person, wearing a dark suit and white shirt like a Secret Service officer, stood by the door. BI asked Secret Service spokesperson Melissa McKenzie whether the agency invited other people to use the bathroom. Brian Smith, the building's landlord, said he didn't give the Secret Service permission to use the property either.

Persons: —, Kamala Harris, Harris's, Alicia Powers, Harris, Powers, Melissa McKenzie, Brian Smith, didn't, Smith, McKenzie, Bill Pickle, Pickle, Matthew Hill, she'd Organizations: Service, Secret Service, Democratic, Business, Colonial Theatre, Secret, BI, Pittsfield Police Locations: Massachusetts, Pittsfield , Massachusetts, Pittsfield, Boston

The American Red Cross is facing an emergency blood shortage after the national supply fell by more than 25% since July 1. The organization said Monday that extreme temperatures and oppressive heat waves impacted almost 100 blood drives last month, in almost every state where the Red Cross collects blood. Blood donations typically slow down during the summer because of travel and other seasonal activities, but the Red Cross said extreme heat exacerbated the challenge, contributing to a shortfall of more than 19,000 blood donations in July. Type O blood is routinely in short supply because type O positive is the most common blood type, and type O negative is the universal blood type needed for emergency transfusions. Those who donate by Aug. 31 will receive a $20 Amazon gift card, the Red Cross said.

Persons: Melissa Destross, “ I’ve, Dr, Barry Siegfried Organizations: Cross, Red Cross Michigan, Connecticut Blood Center, NBC Locations: Detroit, Connecticut, NBC Connecticut

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