Markets Now Wednesday, July 24, 2024

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores

Conn’s HomePlus, a 134-year-old furniture and electronics retailer with locations primarily in the southern United States, has filed for bankruptcy and is closing nearly half of its 170 stores.  
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Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street

Tech shares led a selloff Wednesday after lackluster earnings reports from two of the market’s most prominent heavyweights.  
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‘It was humiliating.’ Evictions in these cities are worse than before Covid

‘It was humiliating.’ Evictions in these cities are worse than before Covid  
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Delta is finally emerging from chaos. Did it not learn anything from Southwest’s meltdown?

It’s a familiar tale in the aviation industry: A black swan event hits all airlines, causing massive flight cancellations. But, as many begin to recover, one airline emerges as a problem, unable to get it together — to the detriment of its customers and employees.  
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Delta’s CEO went to Paris Olympics as his airline struggles to recover from massive meltdown

Delta CEO Ed Bastian arrived in Paris Wednesday morning for the opening of the Olympics as his airline struggled to recover from a five-day meltdown that left an estimated half-million customers stranded by thousands of flight cancellations.  
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Red Lobster may soon have a new owner

Two months after filing for bankruptcy, Red Lobster is close to emerging with a new owner.  
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Source: CNN Business

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