Latest The Home Depot Inc News

Homeowners are spending, Home Depot is winning

Nov. 13, 2018 8:12 AM EST

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but...

Asia shares sag after retreat on Wall St, weaker Japan data

Oct. 18, 2018 12:11 AM EDT

BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to...

Stocks head lower, giving back some of a big rally

Oct. 17, 2018 11:40 AM EDT

NEW YORK (AP) — U.S. stocks are falling Wednesday after their biggest gain in more than six months. Homebuilders are sinking after the Commerce Department said construction of new homes dropped in September, and retailers are also sharply lower. IBM tumbled after it announced disappointing quarterly...

US housing starts sank 5.3 percent in September

Oct. 17, 2018 10:48 AM EDT

WASHINGTON (AP) — U.S. home construction fell 5.3 percent in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market. The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate of 1.2 million, down from 1.27...

Sears files for Chapter 11 amid plunging sales, massive debt

Oct. 15, 2018 1:43 PM EDT

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which...

Months of anxiety for Wisconsin manufacturers amid trade war

Oct. 11, 2018 7:04 AM EDT

MEQUON, Wis. (AP) — The trade war between the United States and China has made for a nerve-wracking summer of uncertainty in Wisconsin, where manufacturing has long been in decline yet remains a vital part of the state's economy. At Johnson Level and Tool in suburban Milwaukee, the Trump administration's...

WHAT'S HAPPENING: Rivers pose epic Florence flood risks

Sep. 16, 2018 7:06 PM EDT

MIAMI (AP) — A heavy-duty response already is slogging through heavy rains and floodwaters to help people trapped or displaced by Florence's watery onslaught. Storm winds might be dropping, but rivers are rising and the next few days could bring the most destructive round of flooding in North Carolina...

Before and after a storm, the supply stores are critical

Sep. 16, 2018 1:31 AM EDT

MIAMI (AP) — Before and after a hurricane, Ace is the place. And Home Depot and Lowe's. And many other hardware and building supply outlets. Not surprisingly, these companies plan for storms such as Hurricane Florence all year. Much like the Federal Emergency Management Agency, supplies are pre-positioned...