Dollar stores have conquered the United States, in an era where a “retail apocalypse” is slowly decimating brick and mortar retail shopping. The spread of these dollar stores is also deeply tied to issues of income inequality in the U.S. It’s argued that not only do these institutions benefit from poverty, but also that they perpetuate it. It has even led to some communities to limit the spread of dollar stores in their towns. So how did the dollar store conquer the U.S. - and what is their real impact?
Stocks opened in a positive session as the market is on pace for a 14th straight day of gains that would tie it for the longest winning streak. This follows the Federal Reserve's decision to raise rates.
The Federal Reserve's decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy.
