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?
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The U.S rushed to seize the assets of Silicon Valley Bank after a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago.
Fear rattled Wall Street Friday, and stocks tumbled on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years.
