Several retailers are closing stores nationwide in April, including Walgreens, JCPenney, Dollar General, and Kohl’s, as brick-and-mortar sales continue to struggle post-pandemic. With malls declining and many struggling to redefine their business models, the closures signify a larger trend in the retail industry towards online shopping. The closures are expected to affect retail jobs and reduce long-term costs as companies adapt to the changing landscape.
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Stocks poised to pad gains after Trump administration eases investor fears
Stock Market Surge Following Trump’s Trade CommentsStock futures rose sharply after President Trump declared he would not remove Federal Reserve Chair Jerome Powell and hinted at easing trade tensions with China. As of 8 a.m. EST, Dow futures were up 660 points (1.7%), with significant gains in S&P 500 and Nasdaq futures, driven by positive investor sentiment following Trump's remarks on reducing tariffs and Treasury Secretary Scott Bessent's view on de-escalating the trade war. Despite...
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