Business

The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer "soft launched" the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. It is offered through a third-party company, which he did not name."We've always said here, 'We're going to do delivery our way when it's time,'" Vasos said. "We believe it's time."He said the company expects it will ultimately expand the offering to "thousands of stores."With same-day delivery, the Tennessee-based dollar store is acknowledging the pressu...

Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty ImagesIndia's central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia's third-largest economy.The decision came in line with economists' expectation in a Reuters poll, as India's consumer prices inflation surged to a 14-month high of 6.21% in October, significantly higher than the central bank's target of 4% and also above its tolerance ceiling of 6%.Reserve Bank of India Governor Shaktikanta Das said the central bank had revised India's GDP growth outlook for fiscal year 2025 down to 6.6% — RBI had forecast 7.2% growth in October — adding that the slowdown in the dom...

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank. Once a key architect in the controversial 2007 takeover and later break-up of Dutch bank ABN Amro, Orcel revisited his ambitions for cross-border consolidation with the September announcement of a surprise stake build in Commerzbank. Until recently, the latter had been the subject of speculation as a potential merger partner for Germany's largest lender, Deutsche Bank.Amid resistance from the German government — and turbulence in Chancellor Olaf Scholz's ruling ...

BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan Cotton/lsu | University Images | Getty ImagesFlau'jae Johnson has a lot going on at the moment.The 21-year-old star basketball player, rapper, student and aspiring businesswoman has just inked her latest deal with the new women's 3-on-3 basketball league Unrivaled.Terms of the deal were not disclosed, but Johnson will receive an equity stake in the league."I wanted to be involved in something that is pushing the women's game forward," Johnson told CNBC.Unrivaled, which kicks off its inaugural season in January, looks to offer...

Nadia Milleron, whose daughter Samya Stumo was killed in the crash of Ethiopian Airlines Flight 302, holds a sign with photos of the crash victims during a Senate Commerce, Science and Transportation Committee hearing on aviation safety and the future of the Boeing 737 Max aircraft, in the Hart Building in Washington, D.C., Oct. 29, 2019.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a criminal fraud charge stemming from fatal crashes of the manufacturer's 737 Max aircraft.U.S. District Judge Reed O'Connor of the U.S. District Court for the Northern District of Texas expressed concern in his decision that the selection process for a government-appointed monitor, a condition of the plea deal, would be affected by diversity, eq...

Several stocks that have underperformed in 2024 may be poised for substantial gains in coming months, according to Goldman Sachs. The last trading month of 2024 has been off to a solid start, adding to the year-to-date gains across all three major stock market averages. On Wednesday, the S & P 500 and the Nasdaq Composite reached new closing records and the Dow Jones Industrial Average closed above 45,000 for the first time. Yet some stocks that have lagged this year could outperform in the first quarter of 2025, the investment bank said. Since Goldman began tracking data surrounding the "laggards" trade in 2002, the trend has been proven correct in 13 years. "Looking towards laggards of 2024, the YTD index-relative performance of this group (-39%) is similar to 2023 but worse than the...

The Starlink logo is seen on a mobile device with an grahpic illustration of planet Earth in this illustration photo in Warsaw, Poland on 21 September, 2022.STR | Nurphoto | Getty ImagesSpaceX's effort to put an additional 22,488 satellites into low-earth orbit is facing a formal objection from a Ukrainian-American nonprofit, which says it's concerned about CEO Elon Musk's "contacts with Russia and the alleged use of his Starlink system by Russian forces in Ukraine."In a petition to deny and motion for stay filed with the Federal Communications Commission on Wednesday, the Ukrainian Congress Committee of America (UCCA) also cited negative environmental impacts of SpaceX launches in Texas and Musk's potential conflicts of interest due to his work with the incoming Trump administration.Space...

Zenefits CEO David Sacks speaks at the TechCrunch Disrupt conference in San Francisco, Calif.Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty ImagesVenture investor and podcaster David Sacks will join the Trump administration as the "White House A.I. & Crypto Czar," President-elect Donald Trump announced on Truth Social on Thursday.Sacks will guide the administration's policies for artificial intelligence and cryptocurrency, Trump wrote. Some of that work includes creating a legal framework for crypto, as well as leading a presidential council of advisors on science and technology."David will focus on making America the clear global leader in both areas," Trump wrote. "He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship."The appoi...

This photograph shows a logo of American multinational corporation McKinsey & Company on the first day of the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. Pau Barrena | Afp | Getty ImagesA subsidiary of top global consulting firm McKinsey & Company agreed to pay nearly $123 million to settle claims that it bribed government officials in South Africa, the U.S. Department of Justice said Thursday.Federal prosecutors also unsealed a 2022 guilty plea by Vikas Sagar, a former senior partner at McKinsey who worked in the subsidiary's South Africa office. Sagar, 56, of Johannesburg, pleaded guilty in U.S. District Court for the Southern District of New York, to one count of conspiracy to violate the Foreign Corrupt Practi...

When it comes to the jobs report Friday, investors can't seem to make up their mind what they want. The November nonfarm payrolls report is one of the last major economic data points before the Federal Reserve holds its Dec. 17-18 meeting, at which the central bank is widely expected to squeeze in one more rate cut before the end of the year. But whether a weak or strong number come Friday will be better for the interest rate outlook, and for markets, is unclear, with observers on both sides of the argument. The U.S. economy is expected to have added 214,000 jobs last month, according to the consensus among economists polled by Dow Jones. .SPX YTD mountain S & P 500 John Flood, head of Americas equities sales trading for Goldman Sachs Global Banking & Markets, said Tuesday he expec...