Markets Now Thursday, April 4, 2024

Dow drops 500 points, continuing Wall Street’s rough streak ahead of jobs report

Stocks tumbled on Thursday, reversing earlier gains mid-afternoon ahead of the latest jobs report due Friday.  
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Opinion: Investing in oil and gas doesn’t make sense anymore

Renewables such as solar and wind are growing at an exponential rate, writes Tom Steyer, so funding new fossil fuel projects is a risky bet.  
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Powerball jackpot surges to an estimated $1.23 billion after no big winner Wednesday

The Powerball jackpot has skyrocketed to an estimated $1.23 billion after yet another lottery drawing yielded no grand prize winner Wednesday night.  
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155-year-old chocolate company braces for dramatic rise in cocoa prices

Guittard Chocolate Company CEO Gary Guittard explains why climate change and disease have made sourcing cocoa more challenging.  
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McDonald’s buys all of its Israeli franchise restaurants amid damage from Middle East turmoil

McDonald’s will buy 225 of its franchise restaurants in Israel, it announced Thursday, just weeks after saying that the Israel-Hamas war was hurting its business.  
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Doughnuts, smoothies, pizza, MoonPie, eyewear — brands are going all out-of-this-world with solar eclipse-themed goodies

Sellers of doughnuts, pizza, smoothies, chips, and one perfectly named, celestially inspired, snack — MoonPie — are looking at the full solar eclipse as a marketing bonanza, albeit a short-term one. They are trotting out eclipse-themed offerings to mark the day next week when the moon will shroud the mighty sun in darkness.  
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Source: CNN Business