News 

U.S. dollar-store shares marked down but specialty discounters thrive

“Loop Capital has a “buy” rating for Dollar Tree, and Hodges owns both Dollar Tree and Dollar General shares” writes Midwest Communications Inc for 95kqds.com. Last week, shares of all three big dollar discount stores fell after the retailers’ quarterly results missed analyst expectations.Gary Bradshaw, a portfolio manager at Hodges Capital Management in Dallas, was persuaded to buy Ollie’s shares after coming across the store on a visit to Pennsylvania last year. Source: 95kqds.com Share This:

Read More
GBP News 

U.K. government sells 7.7% RBS stake at a discount

“The U.K. Government Investments Ltd, which controls the British government’s 70% stake in RBS, placed 925 million shares at 271 pence each with institutional investors and sold the stake for GBP2.51 billion ($3.34 billion)” writes Max Colchester for marketwatch.com. The U.K. government said Tuesday it has sold a 7.7% stake in Royal Bank of Scotland Group PLC, pushing on with a plan to shed its ownership in the Scottish bank at a loss.The sale price was a 3.5% discount to RBS’s closing price on Monday. Source: marketwatch.com Share This:

Read More
News Oil 

US oil exports are only going up from here

“Discounts of this magnitude are pretty rare, particularly after the U.S. began exporting crude oil several years ago” writes Nick Cunningham for businessinsider.com. For most of 2018, U.S. weekly oil exports have been hovering around the 2 mb/d range.U.S. oil exports already hit a new record at 2.566 mb/d for the week ending on May 11, before dipping a bit in the most recent week.Of course, a $9-per-barrel discount relative to Brent suggests that everyone is going to want to buy U.S. crude oil on the cheap, which means that…

Read More
Markets News 

Amazon’s Prime-Whole Foods discount begins its nationwide expansion

“The discount, which gives Amazon Prime members 10% off select items at Whole Foods stores, launched in Florida stores in May” reports fastcompany.com. Now, the company has begun expanding the discount to Whole Foods stores in other states, according to an Amazon press release.Members can now take advantage of the Prime discount at Whole Foods Market stores in Arkansas, Colorado, Florida, Idaho, Kansas, Missouri, Louisiana, New Mexico, Nevada, California, Oklahoma, Texas, and Utah, plus all Whole Foods Market 365 stores nationwide. Amazon says it will roll out the discount program…

Read More
News 

Bargain hunters boost discount retailer B&M

“Discount retailer B&M has booked surging sales and profits as demand from bargain-hungry shoppers helped it cut through the gloom on the high street” writes Geoff Twist for telegraph.co.uk. Chief executive Simon Arora said consumers tightening their belts amid the tough economic climate had helped revenues rise 22pc to £2.9bn.Pre-tax profits climbed 25pc to £229.3m for the year to March, as the company launched 47 new stores and reaped the rewards of last year’s swoop for budget grocer Heron Foods. Source: telegraph.co.uk Share This:

Read More
News 

United Air CEO grilled over NRA discount, workers rights at annual meeting

“CHICAGO (Reuters) – United Airlines executives faced questions about ending its discount for a gun rights group and how it treats its workers at the carrier’s annual shareholders meeting on Wednesday” writes Midwest Communications Inc for 95kqds.com. The shareholders meeting comes as executive and board shakeups have put United in the spotlight in recent weeks. Source: 95kqds.com Share This:

Read More
News 

Apple Offers Refunds To People Who Bought iPhone Replacement Batteries In 2017

“On Wednesday, Apple announced it would retroactively refund some money to people who bought out-of-warranty replacement batteries for certain iPhone models before the discount went into place in January” reports ibtimes.com. Customers who got their batteries replaced at an “Apple authorized service location” such as an Apple Store are eligible for $50 worth of electronic credit.The significance of that date is that it is when Apple announced the discount in the first place. Source: ibtimes.com Share This:

Read More
News 

Today’s Best Deals: A Porter-Cable Drill Discount

“Other deals include the Porter-Cable 3-AMP Oscillating Multitool Kit, which is going for $75, down from $138, and the Porter-Cable Bluetooth Radio if you want some tunes on your worksite for $59, down from $100” writes Popular Mechanics Editors for popularmechanics.com. One of our favorite Bluetooth speakers, the UE Roll 2, is enjoying a 50 percent discount at Best Buy today only. If you’re looking to get in shape this summer, eBay is discounting a bunch of Garmin fitness watches, including:.  Source: popularmechanics.com Share This:

Read More
News 

Amazon rolls out Prime discounts in Florida Whole Foods stores ahead of nationwide debut this summer

“Amazon is offering Prime members 10 percent discounts on select items at Whole Foods stores in Florida, the first step in a program Amazon expects to implement nationwide this summer” writes Seattle Times Business for seattletimes.com. The 28 Whole Foods locations in the Sunshine State are rolling out Prime discounts on Wednesday. Source: seattletimes.com Share This:

Read More