Latest The Home Depot Inc News

California businesses face reality of electrical outages

Oct. 10, 2019 4:56 PM EDT

SONOMA, Calif. (AP) — Retailers and other businesses, from hardware chains to coffee shops, are dealing with a new economic reality of electrical outages in Northern California. Many struggled to keep their businesses open on the second day after the nation's biggest utility Pacific Gas & Electric cut...

Asian stocks fall as Democrats turn up heat on Trump

Sep. 25, 2019 1:58 AM EDT

BANGKOK (AP) — Stocks skidded in Asia on Wednesday after Democrats in the U.S. House of Representatives said they were considered launching an impeachment probe of President Donald Trump. Japan's Nikkei 225 index lost 0.4% to 22,017.64 while the Shanghai Composite gave up 0.6% to 2,966.99. The Hang Seng in...

The Latest: 'Extremely dangerous' Dorian nearing the Bahamas

Aug. 31, 2019 11:01 PM EDT

MIAMI (AP) — The latest on Hurricane Dorian (all times local): 11 p.m. Forecasters say "extremely dangerous" Hurricane Dorian is moving closer to the northern Bahamas. The U.S. National Hurricane Center says Dorian remained a powerful Category 4 storm at 11 p.m. EDT Saturday and was about 125 miles (200...

Asian stocks mixed after Wall Street rebound

Aug. 22, 2019 12:21 AM EDT

BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

Retailers' results show sharp divide between losers, winners

Aug. 21, 2019 4:55 PM EDT

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...

Ellison's home improvement at Lowe's is paying off

Aug. 21, 2019 2:57 PM EDT

Lowe's blew past second quarter profit expectations, buoyed by strong demand for spring goods and sales to contractors. Even though the home improvement retailer wrestled with lower lumber prices and rough spring weather, CEO Marvin Ellison said Lowe's saw growth in same-store sales across the U.S. "Our...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

Home Depot and Moderna rise while Fabrinet and Sarepta fall

Aug. 20, 2019 4:44 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Home Depot Inc., up $9.14 to $217.09 The home improvement retailer handily beat Wall Street's second quarter profit forecasts as the housing market gained strength. Baidu Inc., up $4.50 to $108.72 The Chinese internet search...

Execs starting to worry about tariffs' effects on consumers

Aug. 20, 2019 4:38 PM EDT

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday, when it reported...

Asian shares mostly rise after Wall Street rally on Huawei

Aug. 20, 2019 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the trade war...