Dollar Tree (DLTR) earnings Q1 2024

An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania.  Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp […]

Google must face £13bn advertising lawsuit

Google must face a £13.6bn lawsuit alleging it has too much power over the online advertising market, a court has ruled. The case, brought by a group called Ad Tech Collective Action LLP, alleges the search giant behaved in an anti-competitive way which caused online publishers in the UK to lose money. Google parent company […]

McDonald’s loses right to chicken Big Mac name

McDonald’s no longer has the exclusive right to use the label “Big Mac” in reference to chicken burgers sold in the European Union after a ruling by the EU’s highest court. The American fast-food chain popularised the nickname for large burger sandwiches, registering it as a trademark in the EU in 1996. But following a […]

Asda’s fuel pricier than Tesco, Sainbury’s and Morrisons

Asda’s fuel has become the priciest among supermarket groups – after years of being among the cheapest – despite its pledge to offer the best value, research suggests. According to the RAC, average petrol and diesel prices were higher at Asda at the end of May than at Tesco, Morrisons and Sainsbury’s. Asda disputed the […]

Oil market ‘oversold’? Analysts and traders on crude’s price plunge

An offshore oil platform is seen at sunset near Huntington Beach, California, on Feb. 9, 2024. David Mcnew | Getty Images Oil prices defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines, with analysts and traders faulting certain trading strategies and the demand picture for the downturn.   “There is […]

India’s election results deal a blow to Modi’s political, economic plans

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024.  Adnan Abidi | Reuters The election outcome in India has turned out to be a huge political blow for Prime Minister Narendra Modi and his ruling party, and has significant implications on how […]

European Central Bank set to cut rates for the first time since 2019

President of the European Central Bank (ECB) Christine Lagarde arrives to address a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024.  Kirill Kudryavtsev | Afp | Getty Images FRANKFURT — The European Central Bank this week is set to cut borrowing […]

Citadel, BlackRock back project to start national stock exchange in Texas

The Texas flag is seen before the game between the Houston Cougars and the Texas Longhorns at TDECU Stadium on Oct. 21, 2023 in Houston. Tim Warner | Getty Images Sport | Getty Images BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas. TXSE […]

India stocks erase over $370 billion after BJP disappoints in elections

India’s markets saw their worst one-day loss in about four years as the electoral performance of Prime Minister Narendra Modi’s ruling Bharatiya Janata Party fell short of expectations. The Nifty 50 plunged 5.93% on Tuesday, while the BSE Sensex lost 5.74%, marking their largest loss since 2020. The All India Market Capitalization index, tracked on […]