A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters The price of lumber has fallen sharply in the last few months, but apparently that has not been enough to take the pressure off homebuilders. Sentiment among single-family homebuilders dropped five points to 75 in August
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In this article WMT HD RBLX EDR ME TME A Home Depot branded bucket at a Home Depot store in Hercules, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Home Depot — The home improvement retailer’s shares dropped more
Retail is in full focus this week. In earnings reports Tuesday morning, Walmart and Home Depot beat estimates. Major players such as Target, Kohl’s, Macy’s and Foot Locker will release results in coming days. July retail sales are also out Tuesday. All that data should reveal whether pent-up demand from the consumer was enough to
In this article WMT A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart is set to report its fiscal second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting: Earnings per share: $1.57, according to Refinitiv
Sawitree Pamee / EyeEm | EyeEm | Getty Images When a financial advisor discusses the appropriate asset allocation for a portfolio, they are essentially trying to construct a plan that maximizes expected returns based on a given level of risk. The advisor pays less attention to the behavior of an individual security and instead focuses
ALEAIMAGE | iStock | Getty Images The Biden administration approved on Monday the biggest boost to food assistance benefits in the history of the Supplemental Nutrition Assistance Program, a reform that could impact as many as 42 million Americans. Starting in October, SNAP benefits will increase by an average of 25% above pre-pandemic levels. That
In this article ETH.CM= BTC.CM= A visual representation of bitcoin. STR | NurPhoto via Getty Images LONDON — Bitpanda, a European cryptocurrency trading platform, has raised $263 million in a fresh round of funding valuing the company at $4.1 billion. That’s more than three times the $1.2 billion Bitpanda was worth in its last private
A Solid Automotive Parts Retailer and a Play on the Home Entertainment Market.
When husband-and-wife duo Chris Halim and Raena Lim quit their jobs in 2016 to start their own sustainable fashion business, they had little idea of the success it would become. But they knew one thing for sure: get a basic product to market as soon as possible — that’s the advice they stand by today.
Former Theranos CEO Elizabeth Holmes exits a status hearing for her upcoming criminal fraud trial. SAN JOSE, CALIF. — Elizabeth Holmes’ attorneys on Monday requested that they be allowed to ask jurors about bias and exposure to Holmes’ “profession and celebrity” when jury selection begins later this month in her criminal fraud trial. “When there
katleho Seisa With inflation fears high and interest rates at rock-bottom lows, retirees may wrestle with how much cash they need during their golden years. The consumer price index, a key measure of inflation, increased by 5.4% in July from the previous year, and the average savings interest rates are still 0.06%, making cash reserves
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Employment among the lowest-paid Americans has flatlined at a level well below its pre-pandemic baseline — even as mid- and high-wage workers have more than recovered. Jobs for workers who earn less than $27,000 a
There are two risks high on Invesco’s radar, but the Taliban takeover in Afghanistan isn’t one of them. Kristina Hooper, the firm’s chief global market strategist, sees a Federal Reserve policy mistake and the Covid-19 delta variant as bigger threats to the U.S. economy and stocks. “This [Afghanistan] is certainly a human tragedy. It’s a
This is a big week for the retailers. These are the earnings charts you must see.
Ben Rains breaks down the market at the halfway point of August. We then explore three Zacks Rank #1 (Strong Buy) tech stocks that provide exposure to different growth aspects of the market and might be worth buying for investors with longer-term horizons. (0:30) – Stock Market Update: Everything You Need To Know (3:40) –
Meme-inspired cryptocurrency dogecoin surged on Monday morning, hitting 35 cents. It’s now trading at around 33 cents and is up 10% in the last 24 hours, according to CoinMarketCap. This boost came after billionaire investor Mark Cuban told CNBC Make It last week that “the community for doge is the strongest when it comes to
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ space company Blue Origin filed a complaint in federal court
Hector Pertuz | iStock | Getty Images If you’re handling the financial affairs for an older person who has died, you may wonder how the government knows to stop sending Social Security payments. Or maybe there’s a surviving spouse or dependent who is hoping those benefits can continue. Although Social Security rules can be complicated,
In this article BCH.CB= TSLA A view of dogecoin commemorative coins, Yichang, central China’s Hubei province, May 9, 2021. Costfoto/Barcroft Media via Getty Images Dogecoin, the cryptocurrency named after a meme of a shiba inu dog, is rallying again. The digital coin jumped as much as 10% on Monday to more than 35 cents, according