>>Ahead Of The Bell: Post-Election Day
(New York, NY) -- Wall Street is poised to open higher this morning after closing the same way on Tuesday. Stocks gained ground in a broad rally as, among other things, investors await the Federal Reserve's November rate cut decision on Thursday. At the closing bell, the Dow Jones Industrial Average gained 427 points to 42-221. The S&P 500 added 70 points to 57-82. The Nasdaq rose 259 points to 18-439.
>>Dow Futures Jump On Trump News
(New York, NY) -- Stock futures are rising sharply as investors react to former President Donald Trump's projected victory in the 2024 election. Futures on the Dow Jones Industrial Average have been up well in excess of 900 points at times overnight. Also of note, the social media company Trump Media & Technology Group surged 40-percent in pre-market trading.
>>Kroger Settles Over Opioid Crisis
(Salem, OR) -- Kroger has settled with 30 states that sued over the company's involvement in the opioid crisis. As a result, the company will pay nearly one-point-four-billion dollar to the states with the first payment due next year.
>>Mazda Recalls Over 150K Vehicles
(Hiroshima) -- Mazda is recalling over 150-thousand new and recent vehicles over several issues. The Japanese automaker says it's recalling about 80-thousand of its CX-70 and CX-90 models over an issue with an electrical supply unit. It's recalling about 38-thousand of its CX-90 vehicles over a software issue that may cause the engine to stop after idling. And Mazda says another 31-thousand CX-70 and CX-90 models are being recalled for a software issue that could cause "a loss of drive power."
>>Dollar Tree CEO Steps Down
(Chesapeake, VA) -- Dollar Tree is going through some major changes as its CEO says he's stepping down. Rick Dreiling has announced he's stepping down from the company saying he's going to focus on himself and his family. Dreiling has served as CEO since 2022. The company's acquisition of Family Dollar stores in 2015 have proved to be unfruitful as revenue and shares of the company have plunged recently. And this year, more than 900 Dollar Tree locations closed. Michael Creedon Jr., the COO has been appointed interim CEO while the company looks for a permanent replacement.
>>Home Depot Co-founder Bernard Marcus Dead At 95
(Undated) -- Home Depot co-founder Bernard Marcus is dead at the age of 95. The company made the annoucement on Tuesday. Marcus and Arthur Blank founded Home Depot in 1978 which helped grow his net worth to around seven-point-four-billion. He was also known for being a major Republican donor having given millions of dollars to campaigns over the years including to former President Trump.
