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Why Dollar General thrives even in a hot economy

Americans living paycheck to paycheck are a boon for dollar stores even as the economy strengthens. “While the economy is doing very well, our core customer continues to struggle because, normally, her expenses outstripped her wage growth,” Dollar General chief executive Todd Vasos told analysts on a conference call Thursday. He cited rising rent and…

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‘Compromised beyond repair’: MoviePass director resigns

‘Compromised beyond repair’: MoviePass director resigns

A former director of MoviePass’ parent company has resigned, claiming executives have mismanaged the business and withheld crucial information from the board. Carl Schramm, an economist and Syracuse University professor, said in a resignation letter that the company’s leadership has refused to answer his questions about the company’s financial status and rationale for business decisions.…

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California wants a woman on every company board

California wants a woman on every company board

California just took a crucial step toward increasing the number of women on corporate boards. State legislators passed a bill Wednesday that would require publicly-traded companies headquartered in California to place at least one woman on their board by the end of next year — or face a penalty. Research shows that female representation on…

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US Open umpire gives player a pep talk

US Open umpire gives player a pep talk

Seth Wenig/Associated Press The United States Tennis Association is reportedly looking into the actions of chair umpire Mo Lahyani after he appeared to give a pep talk to Nick Kyrgios during his second-round match at the 2018 U.S. Open on Thursday. Ben Rothenberg @BenRothenbergKyrgios won the second set after a pep talk from the chair umpire Mo…

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Apple announces September 12 event. Here’s what you can expect

Apple announces September 12 event. Here’s what you can expect

How will Apple follow up its biggest iPhone announcement since the original? Probably with the same device in more colors, but we’ll find out for sure on September 12, according to an invite reporters received Thursday morning. Most Apple watchers expect the company to unveil a number of new iPhone models and a release date…

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Chicago water plant collapses after explosion

Chicago water plant collapses after explosion

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The President told lawmakers the nation’s budget couldn’t support a planned pay raise

The President told lawmakers the nation’s budget couldn’t support a planned pay raise

In a letter to House and Senate leaders, Trump described the pay increase as “inappropriate.” “We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets cannot sustain such increases,” the President wrote. An across-the-board 2.1% pay increase for federal workers was slated to take effect in January. In…

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