Articles

Shares of Big Lots Inc. rallied Thursday to reverse an earlier sharp loss after the discount home-essentials retailer provided an upbeat gross-margin outlook and said same-store sales may bring an end to the long quarterly streak of declines.

Kroger’s stock leaped toward a near two-year high Thursday, after the grocery chain reported quarterly profit and same-store sales that beat expectations, and indicated it was still pursuing its acquisition of Albertsons Companies Inc. despite regulatory pushback.

Overall productivity unrevised at 3.2% annual rate

Stock falls early Thursday.

The U.S. international trade deficit widened 5.1% in January to $67.4 billion, the Commerce Department said Thursday. It is the largest trade gap since last April.

The number of Americans who applied for unemployment benefits last week was unchanged at 217,000, leaving them at very low levels and suggesting little deterioration in a strong U.S. labor market.

Move will speed up development of LSD-based drug as a treatment for generalized anxiety disorder.

The stock is on pace for the longest such streak since the nine-week streak that ended Feb. 18, 2011.

Bank poised to provide an update on Thursday

Digital World Acquisition Corp., the special-purpose acquisition corporation that’s seeking to merge with Trump Media and Technology Group, former President Donald Trump’s social-media company, said a Delaware court issued a ruling late Wednesday that will allow it to push ahead with a vote on the deal on March 22.

Tax season is here, and someone has to prepare your tax return. But who?

Oil futures consolidate after getting a boost from a big drop in gasoline and distillate inventories.