shopping

Morgan Stanley’s Shopping Spree Sends Stock Markets Higher; Domino’s Gets Cooked

Stocks continued to press higher on Thursday, lifted by optimism among market participants. Investors seem convinced that the federal government will step in to bolster the U.S. economy and that everything will work out fine with the presidential election, the COVID-19 pandemic, and the rest of the long list of worries out there right now. Just before 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 78 points to 28,382. The S&P 500 (SNPINDEX:^GSPC) picked up 19 points to 3,439, and the Nasdaq Composite (NASDAQINDEX:^IXIC) moved higher by 50 points to 11,415.

One of the big laggards in 2020 has been the financial sector, but that hasn’t stopped Morgan Stanley (NYSE:MS) from making a big play to expand its business this year, and its latest deal sent a prominent money manager’s stock soaring. Meanwhile, Domino’s Pizza (NYSE:DPZ) has been a favorite among consumer stocks, but its share price

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clothing

Ex-inmate Johnny “Crusher” Jackson sends thank you to judge, touts clothing line whose name is said to refer to Gangster Disciples

Johnny “Crusher” Jackson took the unusual step of writing to a federal judge recently to thank him for releasing him from prison.

Jackson, who was once in the inner circle of Gangster Disciples founder Larry Hoover, told U.S. District Judge Harry Leinenweber he’s making the most of his freedom. He said he and his wife have a construction business, a nonprofit organization to help the underprivileged and a clothing line.

But it appears Jackson hasn’t completely turned his back on his past. The brand name for his sweatshirts and T-shirts — Gentlemen of Distinguished Nature — stands for Gangster Disciples Nation, according to prison officials.

Jackson was freed in November under the First Step Act. His thank-you note to the judge was filed into the court record Monday.

“I have worked tirelessly to make good on the promises I made to my wife, pastor and numerous others who are counting

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fashion

Fashion retail giant H&M to close 250 of its stores around the world as the pandemic sends shoppers online



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Fashion giant H&M said it is closing 250 of its stores globally next year as the Covid-19 pandemic continues to accelerate a major switch to online shopping. 

H&M, which is the world’s second biggest clothing retailer, said that around a quarter of its 5,000 stores are able to renegotiate or exit contracts next year, allowing it to shut around five per cent of its shops for good.

The locations of the shop closures, how many jobs will be axed and whether or not any UK stores will be affected, remains unclear. 

The update came as the Swedish company said it had seen trading continue to recover in September, but sales remained 5 per cent lower than at the same point a year ago.



Shutting shops: Fashion giant H&M is closing 250 of its stores globally next year


© Provided by This Is Money
Shutting shops: Fashion giant H&M is closing 250 of its stores globally next

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