Latest The Home Depot Inc News

A new round of proposed Trump tariffs would hit US consumers

Jul. 11, 2018 6:47 PM EDT

WASHINGTON (AP) — Now consumers are in the cross-hairs. Americans could soon find themselves paying more for goods they might not have known were imported from China. It's a potential consequence of a new round of tariffs the Trump administration is proposing to slap on Chinese imports as soon as...

Tesla cuts 9 pct. of workforce in bid to post a profit

Jun. 12, 2018 3:09 PM EDT

DETROIT (AP) — Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk's promise to turn a profit in the second half of the year. In an email to workers on Tuesday, Musk said the cuts amount to about 9...

Asian shares mixed after Fed gives Wall Street a boost

May. 24, 2018 12:12 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates. KEEPING SCORE: Japan's Nikkei 225 index fell 1.2 percent to 22,418.18 and the Kospi in...

Lowe's 1Q falls flat as extended winter cuts into sales

May. 23, 2018 7:18 AM EDT

MOORESVILLE, N.C. (AP) — Lowe's, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter in which harsh winter weather cut into the traditional spring sales season. The Mooresville, North Carolina, company earned $988 million, or $1.19 per share, for the three...

Asian shares fall amid worries over US-China trade, Koreas

May. 22, 2018 11:48 PM EDT

TOKYO (AP) — Asian indexes were mostly lower on Wednesday as investors shifted their attention to uncertainties over a planned U.S.-North Korea summit after the perk from eased U.S.-China trade tensions faded. KEEPING SCORE: Japan's benchmark Nikkei 225 dipped 1.3 percent to 22,661.88, while Australia's...

Markets Right Now: Stocks ended lower, giving up early gains

May. 22, 2018 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks turned lower in the late afternoon after being higher for much of the day and ended with modest losses. Industrial companies and retailers fell more than the rest of the market Tuesday. Boeing gave up 2.4...

J.C. Penney CEO Ellison departs for Lowe's

May. 22, 2018 11:10 AM EDT

NEW YORK (AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe's. The announcement Tuesday, just days after J.C. Penney released disappointing results, sent its shares down more than 3...

JC Penney's CEO Ellison departs for Lowe's, shares plunge

May. 22, 2018 9:23 AM EDT

MOORESVILLE, N.C. (AP) — J.C. Penney's CEO is leaving the company to become the top executive at Lowe's. The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low. Shares of Lowe's Cos., which has...