Business News

September Starts with a Sell-Off

Markets look to start September the same way we ended August… on a down note as we look to retest the lows of last week.  The S&P 500 and Nasdaq each lost more than 6% in August. The S&P and Nasdaq had their worst months in more than three years. (CNBC)

Activity in China's factory sector shrank at its fastest rate in at least three years in August as domestic and export orders tumbled, increasing investor concern that the world's second-largest economy could be lurching towards a hard landing. (Reuters)

Dollar Tree reported a second-quarter loss of $98 million, after reporting a profit in the same period a year earlier. The discount retailer posted revenue of $3.01 billion in the period. Dollar Tree shares had risen almost 9% since the beginning of the year. (AP)

Chipotle Mexican Grill is being sued over claims that its food does not contain genetically modified organisms, or GMOs. Plaintiff Colleen Gallagher claims that Chipotle's offerings are not, in fact, GMO-free. The restaurant chain said it would contest the lawsuit.  (Reuters)
 

On Air Now

Lars Larson
Lars Larson
7:00pm - 10:00pm
Lars Larson

FlashAlert

KBND ON FACEBOOK

News Disclaimers