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?
Ed Siddell, CEO and chief investment officer of EGSI Financial, joined Cheddar News to discuss Tuesday's market session as stocks traded higher after Fed Chair Jerome Powell gave a favorable glimpse into disinflation.
Air Transport Services Group (ATSG), which handles cargo for Amazon and DHL, said the companies are cutting back on flights in response to lower customer demand.
Control of Disney's Orlando area theme parks may soon go to a board chosen by Governor Ron DeSantis. Republican lawmakers unveil the bill that would give Republicans authority over the state's largest employer.
