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Pop Culture Downtick Continues; Drops 14%

Dollar General Shares Up On Expansion Plan

Shares of Dollar General Corp. (DG) are currently trading at $220.94, up $2.54 or 1.16%, with trading volume of over 271K versus an average volume of 1.87 million shares. The stock has been trading in the range of $173.50 – $225.25 for the past one year.

The company, on Wednesday, said it has planned to expand its healthcare offering to continue to meet more of its customers’ needs and establish itself as a health destination. Among other things, this would include an increased assortment of cough and cold, dental, nutritional, medical, health aids and feminine hygiene products across many of its Dollar General stores.

Dollar General also announced the appointment of Albert Wu, M.D. to the newly created position of Vice President, Chief Medical Officer. In this role, Dr. Wu would help to develop DG’s new health care services efforts by establishing and strengthening relationships with current and prospective healthcare product and service providers to build a comprehensive network of affordable services for DG customers.

Data Storage Shares Hit 52-Week High

Shares of Data Storage Corp. (DTST) touched a 52-week high of $13.10 Wednesday morning, and are currently trading at $10.42, up $3.13 or 42.92%, with trading volume skyrocketing over 29.3 million versus an average volume of 185K shares.

Earlier in June, the company announced completion of the previously communicated merger of its wholly-owned subsidiary Data Storage FL, LLC, with and into Flagship Solutions LLC, with Flagship surviving as a wholly-owned subsidiary of the company. Flagship’s Chief Executive Officer Mark Wyllie would continue as CEO of the new Flagship subsidiary following the Merger, and has joined DSC’s Board of Directors.

Deutsche Post Q2 Preliminary EBIT Rises; Lifts FY EBIT Outlook

Deutsche Post AG reported that its second-quarter preliminary group EBIT was 2.075 billion euros, up from 912 million euros in the prior year.

The company raised its fiscal year 2021 group EBIT outlook to more than 7.0 billion euros from the prior outlook of more than 6.7 billion euros. It already reflects Wednesday’s board decision to pay a further one-time corona bonus of 300 euros,– to each of the about 550,000 employees in appreciation for the tireless efforts under the pandemic situation.

The payment will be booked in third-quarter 2021 with an impact of around 200 million euros and – like last year – will be split into around 50 million euros for Post & Parcel Germany and around 150 million euros for the DHL divisions.

Midterm guidance for group EBIT 2023 is now expected to be more than 7.4 billion euros compared to the prior outlook of more than 7.0 billion euros.

JinkoSolar Holding Gains 6%; Touches 3-month High

JinkoSolar Holding Co., Ltd. (JKS) shares are rising more than 8 percent on Wednesday morning trade continuing an uptrend since July 2. The shares are at its 3-month high. There were no corporate announcement from JinkoSolar today.

The shares had risen about 25% on Monday after the news that one of its subsidiaries applied for an Initial public offering on china’s STAR market.

Currently, shares are at $59.28, up 9.08 percent from the previous close of $54.35 on a volume of 4,234,730. The shares have traded in a range of $18.56-$90.20 on average volume of 2,177,709.

Pace of workers quitting falls from record high

850,000 jobs added in June but labor shortages persist

The Chateau on the Lake owner Edward ‘Buddy’ Foy, Jr. discusses the challenges of finding employees

The number of Americans who quit their jobs in May fell off a record high as openings held near a record high. 

The total number of quits declined to 3.6 million last month, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS. Four million workers quit their jobs in April. Total separations fell to 5.3 million, a drop of 485,000 from the prior month.

Quits decreased across a number of industries with the biggest declines occurring in professional and business services (-181,000); transportation, warehousing, and utilities (-46,000); and durable goods manufacturing (-25,000). Both the Northeast and South regions saw a drop in the number of quits.   

US HOME PRICES CONTINUE TO RISE AT RECORD RATES

This comes as the number of job openings held little changed at 9.2 million. Openings hit a record high of 9.286 million in April. 

The job openings rate was unchanged at 6%. 

Job openings grew in other services (+109,000), state and local government education (+46,000) and educational services (+35,000). There was a drop in the number of job openings in arts, entertainment, and recreation (-80,000); state and local government, excluding education (-56,000); and federal government (-17,000). 

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The number of job openings was little changed in all four regions.

Trump expected to announce plans to sue major social media companies

Former President Donald Trump is expected to announce class action lawsuits against Facebook and Twitter during a press conference this morning at his Bedminster, New Jersey, golf club, multiple sources familiar with the matter tell ABC News.

The former president is currently banned from Twitter and Facebook.

This is a developing story. Please check back for updates.

Pop Culture Downtick Continues; Drops 14%

Pop Culture Group Co., Ltd (CPOP) shares are sliding on Wednesday morning trade, continuing a decline after surging at the IPO. There were no stock-specific news to drive the stock down today.

The company had announced the closing of $37.2 million IPO on July2. The proceeds from the Offering will be used to develop and operate online content, develop a street dance training business, create derivative works of hip-hop intellectual properties, and develop hip-hop events, and for working capital and other general corporate purposes.

Currently, shares are at $26.99, down 14.43 percent from the previous close of $31.54. For the 52-week period, the shares have traded in a range of $12.26-$78.00 on average volume of 3,459,325.