- BusinessPhoenix Business Journal•22 minutes ago
Shoe fits for this retailer; Dow gets back towards 22K on Trump tax cut hopes
The Dow Jones Industrial Average gained 196.14 points today closing at 21,899.89. Trump is in Arizona today and will be in Phoenix tonight for a rally at the Phoenix Convention Center. He could talks taxes, immigration, trade and U.S. John McCain’s vote against the latest Obamacare repeal effort. The Dow and stocks fell last week on worries about Trump’s agenda (including tax cuts that will benefit Wall Street and businesses) after his response to the violent protests in Charlottesville, Virginia. Investors regained some optimism today. One of the biggest winners today was DSW Inc. (NYSE: DSW). The shoe retailer has nine Arizona locations — including Scottsdale, Phoenix, Gilbert and Chandler.
- BusinessCincinnati Business Courier•20 minutes ago
Kroger launches home delivery in Greater Cincinnati
Kroger Co. (NYSE: KR) has launched its own home delivery service in Greater Cincinnati for the first time. It began a pilot program at two local stores, in Sharonville and in Whitewater Township on the West Side, Kroger spokeswoman Patty Leesemann told me. Kroger told customers over the weekend about the service’s availability. Cincinnati-based Kroger, the nation's largest operator of traditional supermarkets, is partnering with Grocery Runners, a locally based grocery delivery service founded by Bryan Melendez in January 2016. Grocery Runners has been delivering groceries to customers who ordered through Kroger’s ClickList online order and customer pickup service since then. But now Kroger has
- BusinessMarketWatch•4 hours ago
Charting a corrective bounce, S&P 500 rallies to the 2,450 breakdown point
The S&P 500 has reversed from one-month lows, rising respectably after a technically damaging August downturn. In the process, the S&P has rallied within striking distance of the breakdown point — circa 2,450 — an area matching a headline U.S. technical test. Before detailing the U.S. markets’ wider view, the S&P 500’s SPX, +0.99% hourly chart highlights the past two weeks. As illustrated, the S&P has maintained notable support, circa 2,416, a level matching the June FAANG-induced low. The question now is the rally attempt’s quality. Near-term resistance (2,437) is followed by firmer overhead matching the former breakout point, the June peak of 2,453. Meanwhile, the Dow Jones Industrial Average
