Inflation slides in August, beating expectations

The Consumer Price Index (CPI) rose 0.2 percentage points in August, slowing to a 2.5 percent year-on-year increase from July's 2.9 percent increase. The rate of decline was less than expected as prices fell more than expected. The “core” CPI, which excludes volatile food and energy prices, was stable from July to August at 3.2% […]

Dollar General stock slides as earnings show soft consumer demand

Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” Dollar General The stock plunged 27% on Thursday after the company reported second-quarter results that showed weakening consumer demand and lowered its full-year sales and profit forecasts. The company's operating profit […]