Home-building retailers Home Depot and Lowe’s had a phenomenal quarter, but investors are not in the mood to enjoy the profits. Home Depot sales grew by 23.4% in the quarter ended August 2. From last year, while Lowe’s revenue jumped 30% in the quarter ending July 31. Both companies have …
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Federal Reserve staff told central bank officials in late July that they would lower their estimate for economic growth in the second half of the year, according to minutes released by the Federal Open Market Committee on Wednesday. Fed staff always present their own forecasts at the Central Bank’s eight …
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Home Depot Inc. published Tuesday its strongest quarterly sales in nearly 20 years, as the largest home improvement retailer benefited from the growing interest in household projects during the Covid-19 pandemic. Revenue for the Atlanta-based retailer rose 23% to $ 38.05 billion in the May-July period, up from $ 30.84 …
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Hold on, MarketWatchers, and don’t miss these great stories: Personal finances Another 1918 flu warning for COVID-19: ‘Survival does not mean individuals fully recover’ ‘We may never know the real consequences of the 1918 mortality due to incomplete or inaccurate accounting, problems that also undermine our ability to quantify the …
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Investors familiar with the rapid acceleration of the US dollar could look to Washington for an answer. “The state of political anger clearly knows the dollar as the failure of more fiscal stimulus [and] the clear partisan skirmishing over post-in voting, which threatens to undermine the credibility of the election, …
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