• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
FinanceFive Things to Know

Virgin America’s IPO, Dollar Tree buying a rival — five things to know about today

By
Laura Lorenzetti
Laura Lorenzetti
Down Arrow Button Icon
By
Laura Lorenzetti
Laura Lorenzetti
Down Arrow Button Icon
July 28, 2014, 8:24 AM ET
Virgin America Joins Ranks Of U.S. Low-Fare Airlines
SAN FRANCISCO - AUGUST 08: Virgin Group chairman Sir Richard Branson speaks to a crowd after he arrived at San Francisco International Airport on Virgin America's first flight from New York August 8, 2007 in San Francisco, California. San Francisco based Virgin America launched its low-cost airfare that offers flights between New York, Los Angeles and San Francisco. (Photo by Justin Sullivan/Getty Images)Photo by Justin Sullivan—Getty Images
Add Fortune on Google for similar content.

Hello, friends and Fortune readers.

Today kicks off a mega-week of economic data. On Wednesday we’ll learn the latest GDP reading, which is expected to have expanded at a rate of 3.2%, and Friday morning brings the July jobs report. To hold us over until those big numbers, here’s what you need to know about in business news today.

1. Virgin America is looking to go public.

The airline owned by billionaire Richard Branson has filed for a proposed IPO worth $115 million (a placeholder amount that could change). Virgin America provides service to 22 airports across the U.S. and Mexico with a fleet of 53 jets. The airline plans to disperse a portion of the funds to employees as part of its worker-ownership program and put the remaining capital to work across its business. Barclays and Deutsche Bank are managing the offering.

2. Dollar Tree snaps up rival Family Dollar.

Dollar Tree (DLTR) will pay about $8.5 billion to acquire Family Dollar, helping to close the gap on competitors Dollar General (DG) and Wal-Mart (WM). The cash-and-stock offer is worth $74.50 a share, roughly a 23% premium over Family Dollar’s closing price Friday. One of the biggest winners in the deal is Carl Icahn, who announced a 9.39% stake in Family Dollar in June. He walked away from the deal with about $132 million.

3. Zillow purchases Trulia.

The deal has been rumored for some time, and now it’s finally official: Zillow agreed Monday to purchase Trulia for about $3.5 billion in stock, creating a behemoth in the online real estate listings business.

4. The mega-week of economic data starts today.

The Purchasing Managers Index, or PMI, which is an indicator of the health of the manufacturing sector, comes out at 9:45 a.m. ET today. Economists expect the reading to drop to 60, down from 61.2 last month. Any number above 50 is good news, indicating that manufacturing is expanding. PMI numbers are followed by the Dallas Fed’s manufacturing survey at 10:30 a.m. ET, which is expected to grow to 12 from a prior 11.4. Also out today: pending home sales at 10:00 a.m ET, which are expected to show a modest gain for the month.

5. Will Ballmer win the Clippers?

Final arguments will be heard today in the trial determining whether Donald Sterling’s estranged wife can sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for $2 billion. Sterling’s lawyers plan to argue that Shelly Sterling had no standing to make the sale, even though Sterling had provided written approval to make a sale. Many are hoping for a conclusion to the case before NBA owners meet on Aug. 15.

About the Author
By Laura Lorenzetti
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

Alphabet Inc. and Google CEO Sundar Pichai speaks during the inauguration of a Google Artificial Intelligence (AI) hub in Paris on February 15, 2024. (
Big TechWall Street
AI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates it
By Eva RoytburgJuly 23, 2026
6 hours ago
Saudi Arabia takes center stage as oil hits $100 and the Iran war escalates amid Houthi attacks and nuclear expansion
EnergyDonald Trump
Saudi Arabia takes center stage as oil hits $100 and the Iran war escalates amid Houthi attacks and nuclear expansion
By Jordan BlumJuly 23, 2026
7 hours ago
California Republican’s awkward pitch: vote for me even if you hate Trump
BankingElections
California Republican’s awkward pitch: vote for me even if you hate Trump
By MIchael R. Blood and The Associated PressJuly 23, 2026
11 hours ago
z
EconomyElections
Democrats decide 2026 midterm elections are the perfect time for a civil war pitting socialists against moderates
By Jill Colvin and The Associated PressJuly 23, 2026
11 hours ago
police tape
North AmericaCrime
American homicides on track for lowest level in more than a century: ‘one of the most significant public safety developments in decades’
By Safiyah Riddle and The Associated PressJuly 23, 2026
11 hours ago
Photo of Speaker of the House Mike Johnson.
PoliticsCongress
The Republican-controlled House just passed a stock trading bill — that exempts Trump’s 3,600 Q1 trades
By Joey Cappelletti and The Associated PressJuly 23, 2026
11 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
1 day ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
21 hours ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
1 day ago
Current price of oil as of July 23, 2026
Personal Finance
Current price of oil as of July 23, 2026
By Joseph HostetlerJuly 23, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.