The company also unveiled a new Public Responsibility Committee and appointed former Vanguard chief executive F. William McNabb as lead independent director.
Global financial markets are currently experiencing a significant ripple effect from the trends observed in the United States, with a notable tech-led selloff on Wall Street sending tremors across continents. This interconnectedness has led to a general decline in major Asian indices, while European shares have exhibited a more mixed
The latest earnings season has painted a nuanced picture of the American retail landscape, with home improvement giant Lowe's (NYSE: LOW) demonstrating unexpected strength and off-price powerhouse TJX Companies (NYSE: TJX) showcasing robust performance and an optimistic outlook. These contrasting narratives highlight the varied strategies and consumer responses shaping the
The financial markets are currently navigating a complex landscape, shaped by the latest releases of crucial economic indicators. The recently unveiled Federal Open Market Committee (FOMC) meeting minutes, coupled with the most recent figures on Building Permits and Housing Starts, have provided investors with a nuanced, and at times contradictory,
The second-quarter earnings season for the retail sector has delivered a mixed, yet telling, narrative about the state of the American consumer and the broader economic landscape. As inflation persists and economic uncertainties loom, investors have been scrutinizing these reports for vital clues on consumer spending habits, the effectiveness of
Lowe’s said that Foundation Building Materials is expected to accelerate the home improvement chain’s “Total Home” strategy by enhancing its offering to Pro customers.
Home improvement retail giant Home Depot (NYSE:HD) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 4.9% year on year to $45.28 billion. Its non-GAAP profit of $4.68 per share was in line with analysts’ consensus estimates.
The Nasdaq took a sharp hit on Tuesday as investors cashed in on AI and tech names, dragging major indices lower. The “Magnificent Seven” tech stocks all ended in the red.
Home Depot (NYSE: HD), the nation's largest home improvement retailer, has found itself at a critical juncture, demonstrating resilience in its stock performance despite a recent quarterly showing that left some analysts underwhelmed. The company's strategic decision to uphold its annual guidance, coupled with its proactive stance on raising prices
Shares of building materials company Builders FirstSource (NYSE:BLDR) jumped 3.3% in the morning session after a government report showed a surprise increase in U.S. housing starts for July, signaling stronger-than-expected construction activity.
