Text size Kevin Frayer / Getty Images Brands responded calmly to the recent escalation of the Trump administration’s war on Chinese telecom giant Huawei. Maybe too calm. U.S. Commerce Department regulations issued Aug. 17 will in theory prevent Huawei from purchasing any hardware or software that has all inputs of …
Read More »Home Depot reports income. Here’s what to expect.
Text size People do not spend money on travel, entertainment and dining, and have used that money to make their homes more comfortable. Justin Sullivan / Getty Images Because the pandemic has kept everyone in their homes, many of us have become Tim “The Toolman” Taylor. Home improvement is suddenly …
Read More »Another EV company goes public. What separates it from Tesla and everything else.
Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
Read More »Home Depot’s share is growing at a profit, sales are growing well above expectations
Shares of Home Depot Inc. HD, + 2.74% went 2.4% to record highs in pre-market trading on Tuesday, after the retailer reported a fiscal gain in the second quarter that exceeded expectations as sales jumped 23.4% to a record to hit predictions with a broad margin. Net income for the …
Read More »S&P 500 closes week near record high. Is this a stock market?
Text size Michael M. Santiago / Getty Images It’s like the bear market never happened. And maybe just did that. The stock market had another good week, with the S&P 500 index ending 0.6% to 3372.85; the Dow Jones industrial average rose 497.54 points, or 1.8%, to 27,931.02; and the …
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