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But courts block effort to curtail conflicts of interest

Dollar General’s stock was tumbling toward its worst day ever on Thursday, after the discount retailer reported fiscal second-quarter profit and sales that missed expectations and slashed its full-year outlook, citing a “financially constrained” core customer.

Retailer expects 2024 operating income of $455 million to $465 million, below the analyst projection of $469 million

Pending home sales hit a fresh record low in July as declining mortgage rates failed to spark increased activity, in part because of the uncertainty over the election.

Germany’s CPI data showed inflation in August fell below the ECB’s 2% target for the first time since March 2021

The U.S. trade deficit in goods widened 6.3% to $102.7 billion in July, according to the Commerce Department’s advanced estimate released Thursday. That’s the largest deficit since May 2022.

The U.S. economy grew at a 3% annual pace in the second quarter instead of the 2.8% rate originally estimated, revised government data released Thursday show. 

Company bullish on Q4 sales of premium sport-utility vehicles

Shares of Campbell Soup Co. are down 0.3% in premarket trades Thursday after the soups and foods company swung to a fourth-quarter loss but delivered stronger-than-expected sales outlook.

A new research paper from a regional Fed bank suggests the U.S. central bank should return to a shorter-duration portfolio that was common before the global financial crisis.

The cost of gasoline at the pump has been falling ahead of the traditional end to the summer driving season. Analysts warn that drivers still can’t rule out the risk of a spike, even as demand typically starts to drop off at this time of year.

Initial jobless claims fell by 2,000 to 231,000 in the week ended August 24, the Labor Department said Thursday.