Business

Walmart will close stores on Thanksgiving.  Walmart Walmart said on Tuesday that it plans to close stores on Thanksgiving. The move ends the retailer's tradition of starting its in-store Black Friday sales on Thanksgiving Day. The closure will also extend to the Walmart-owned warehouse retailer Sam's Club. "We know this has been a trying year, and our…

New York (CNN)Walmart will close its stores on Thanksgiving Day for the first time in more than 30 years, the world's largest retailer said Tuesday.The move comes at a time when retailers are rethinking their plans for the holiday shopping season as coronavirus cases rise, prompting concerns over crowds in stores. Walmart has kept its…

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The Dow Jones Industrial Average rallied 300 points midday Tuesday amid hopes for more stimulus to aid the coronavirus-wracked economy. X The Dow Jones industrials rose 1.1% and the S&P 500 added 0.6%, but the Nasdaq fell 0.2% in the stock market today, after gapping up to a new high at the open. Small caps…

The Dow Jones Industrial Average rose Tuesday, boosted by better-than-expected earnings from some of the biggest U.S. companies and a fiscal stimulus package from the European Union. The Dow industrials gained 313 points, or 1.2%, while the S&P 500 rose 0.7%. Rising shares of Coca-Cola and IBM helped power the gains, after both companies...

(Bloomberg) -- Microsoft Corp. said the first investment for its $1 billion climate fund will be in venture capital firm Energy Impact Partners. The software maker also joined with Nike Inc., Starbucks Corp., Unilever NV and Danone SA in a new consortium devoted to sharing resources and tactics for slashing carbon emissions, bringing together the efforts of some of the biggest…

Customers wearing face masks shop at a Walmart supermarket amid novel coronavirus outbreak on July 15, 2020 in Washington, DC.Sha Hanting | China News Service via Getty ImagesWalmart said Tuesday that it will give another round of bonuses to hourly employees and close its stores on Thanksgiving Day.The big-box retailer said in a news release that…

CNBC's Jim Cramer said Tuesday that "it's time to admit that these moves are crazy" after large gains by some of the market's biggest tech stocks pushed the Nasdaq Composite to another record high the previous day, but he is not predicting a reversal.Expanding on a tweet in which he called the market moves "truly…

Budget grocer Aldi plans to open 70 new U.S. locations by the end of 2020 as part of its "coast-to-coast" expansion plan, the company announced Tuesday.As part of its "new wave of expansion," the grocer will enter Arizona, its 37th state, with four new stores in the greater Phoenix area this year, the company said. By 2021, Aldi expects to…

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Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices are sharply higher in early U.S. trading Tuesday. Gold prices pushed to a new nearly nine-year…

(CNN)Looking to explore how far it can push the limits of electric vehicle performance, Ford has created a version of its Mustang Mach-E SUV with seven electric motors that can produce a total of up to 1,400 horsepower.The Mach-E 1400 is a one-of-a-kind demonstration car that was created to show the potential of all-electric vehicles…