By Johann M Cherian and Sanchayaita Roy (Reuters) -U.S. stock index futures were muted on Tuesday as investors assessed retailer Home Depot’s earnings for insights on the health of the American consumer and awaited a key Federal Reserve conference scheduled later in the week. Consumer spending accounts for around 70% of the total U.S. economy…
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but fell short of the $45.41 billion that analysts polled by…
With chatter today that the government is nearing taking a 10% stake in Intel, I guess I shouldn’t be shocked the bruised tech giant is hoping to gain some Street cred on its future product roadmap by tapping Softbank and Masa for cash. Embattled Intel CEO Lip Bu Tan also gains a Trump friend in…
By Johann M Cherian and Sanchayaita Roy (Reuters) -U.S. stock index futures wavered on Monday, pausing after a recent rally as investor focus shifted to earnings from big box retailers and an annual central bank conference at Jackson Hole, all of which are lined up later this week. Geopolitics was also in the spotlight as…
Several major retailers will report earnings in the coming week, which may give a first glimpse into how President Trump’s tariffs have affected their bottom lines. The list includes Walmart (WMT), Target (TGT), Home Depot (HD), Lowe’s Companies (LOW) TJ Maxx parent TJX Companies (TJX) and Ross Stores (ROST). During Walmart’s first-quarter earnings call, CEO…
Pasadena, California — School librarian Sharon Nicholls and her neighbors have made their local Home Depot in Pasadena, California, a top priority. “I’m not an activist,” Nicholls told CBS News. “We’re all just regular people.” Nicholls and her neighbors are part of a campaign called Adopt a Corner which comes to the Home Depot every…
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Photo: David Paul Morris/Bloomberg (Getty Images) In This Story The S&P 500 and Nasdaq Composite indexes fell sharply Tuesday after February consumer confidence missed expectations, coming in at 98.3 compared with the consensus of 103.0, and down from 105.3 in January. It was the worst decline since August. U.S. government debt rallied and the dollar…
Photo: Spencer Platt (Getty Images) In This Story U.S. stocks were little changed in early Tuesday trading as global trade tensions intensified. President Donald Trump reaffirmed that tariffs on imports from Canada and Mexico will proceed once the current 30-day reprieve expires. Additionally, his administration is reportedly pushing for stricter U.S. semiconductor restrictions while urging…
Stocks limped into the weekend as a string of economic data sparked concerns about slower-than-expected economic growth and sticky inflation. After closing at an all-time high on Wednesday, the S&P 500 (^GSPC) finished down about 1.7% on the week as a disappointing outlook from Walmart (WMT) and concerns about inflation took center stage. Meanwhile, the…