Home Depot’s record sales show that the US housing market is still strong

Home Depot’s record sales show that the US housing market is still strong

But don’t tell Home Depot that. The real estate retail giant posted record profits and sales in the last quarter. Home warehouse (HD) It said on Tuesday that total revenues rose 6.5% from the previous year to $ 43.8 billion. The company posted a net profit of $ 5.2 billion, or $ 5.05 per share. … Read more

American Airlines is betting on supersonic travel thanks to its Boom Jet deal

American Airlines is betting on supersonic travel thanks to its Boom Jet deal

An American Airlines plane flies past the US Capitol before landing at Reagan National Airport in Arlington, Virginia, USA, January 24, 2022. REUTERS / Joshua Roberts / File Photo Sign up now for FREE unlimited access to Reuters.com Register Aug. 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to purchase up to … Read more

Walmart’s results alleviate some of the fears of the recession

Walmart’s results alleviate some of the fears of the recession

On July 25, Walmart warned of its earnings until the end of the year, saying high fuel and food prices are prompting consumers to cut other spending by forcing the chain to cut prices on some irrelevant goods such as clothing, electronics and household items. The earnings warning was seen as another sign of the … Read more

The FDA is paving the way for over-the-counter hearing aids

The FDA is paving the way for over-the-counter hearing aids

The Food and Drug Administration launched on Tuesday to make over-the-counter hearing aids available to adults, a long-awaited wish from consumers frustrated by costly research and equipment. As early as mid-October, people with mild to moderate hearing loss should be able to purchase hearing aids online and in retail stores, without visiting a doctor for … Read more

Apple, Amazon, Zoom, PayPal, Cot and more

Apple, Amazon, Zoom, PayPal, Cot and more

Here are the biggest Tuesday’s appeals on Wall Street: Daiwa is tweaking PayPal to outperform neutral Daiwa, said he was seeing many positive catalysts starting to work. “We have upgraded PYPL to Outperform as a number of positive catalysts emerge, including cost reduction and share buyback in response to increased participation by Elliott Investment Management, … Read more

The cheapest housing markets in the US

The cheapest housing markets in the US

There seems to be some cooling in the housing market. But that doesn’t mean homes are becoming more affordable everywhere. According to the RealtyHop Affordability Index, many US cities are still difficult to access. Of the 100 cities on the index, the average American would need to spend at least 40% of their income on … Read more

5 things to know before the stock exchange opens on Tuesday, August 16

5 things to know before the stock exchange opens on Tuesday, August 16

Traders work on the New York Stock Exchange (NYSE) trading floor, August 15, 2022. Brendan McDermid | Reuters Here are the most important messages traders need to start a trading day: 1. A soft morning for wrestling US stock markets appeared to be heading towards a summer opening on Tuesday morning after all three major … Read more

China’s economic slowdown is real

China’s economic slowdown is real

China is slowing down quickly and the government is taking only modest steps to stop the world’s second-largest economy from completely contracting. Why it matters: While lagging behind the United States in size, the Chinese economy has been the largest source of global GDP growth for most of the past two decades – meaning it … Read more