A customer pushes a shopping cart in front of a Home Depot store on Feb. 25, 2025 in San Rafael, California.Justin Sullivan | Getty ImagesHome Depot will report quarterly earnings and revenue on Tuesday as the retailer contends with high interest rates, a sluggish housing market and tariff-related cost pressures.Here’s what Wall Street expects for the retailer’s fiscal first quarter, according to a survey of analysts by LSEG:Earnings per share: $3.59 expectedRevenue: $39.32 billion expectedSpring is Home Depot’s peak sales season — the Christmas of the home improvement world — as homeowners and contractors typically tackle more projects because of…
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Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | ReutersThe intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found.Based on a poll of 4,500 exporters across several major economies, trade insurer Allianz Trade found that 95% of Chinese exporters surveyed are planning on, if not already, doubling down on exporting to markets outside the U.S. for their goods.The U.S.-China “decoupling” remains a likely scenario over the medium…
U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics.SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty ImagesBEIJING — One Chinese baby products company announced Tuesday it is officially entering the United States, the world’s largest consumer market — regardless of the trade war.Shanghai-based Bc Babycare expects its supply chain diversification and the U.S. market…
In an aerial view, brand new Subaru cars sit in a storage lot at Auto Warehouse Co. on March 24, 2025 in Richmond, California. Justin Sullivan | Getty ImagesSubaru of America is hiking prices on several models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs.Subaru said in a statement that the increases were made in response to “current market conditions,” without citing tariffs or specific price actions.”The changes were made to offset increased costs while maintaining a solid value proposition for the customer. Subaru pricing is not based on the…
Young Liu, chairman of Hon Hai Precision Industry Co., right, and Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Computex conference in Taipei, Taiwan, on Tuesday, May 20, 2025. Annabelle Chih | Bloomberg | Getty ImagesTaiwan’s Foxconn, the world’s largest contract electronics maker, said Tuesday an artificial intelligence center it has announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power.Foxconn Chairman Young Liu was speaking at Taipei’s annual Computex trade show a day after Nvidia announced it will build a giant AI supercomputer in Taiwan in partnership with Foxconn, contract chipmaker TSMC and the government.Liu said the AI data center will require massive power and will be built in phases,…
CNBC’s Jim Cramer urged investors on Monday to tame their fear in the face of the Moody’s downgrade of U.S. debt. He recalled the S&P’s downgrade in 2011 and Fitch’s downgrade in 2023, both of which were followed by market declines. Like those previous two, Cramer argued, Friday’s downgrade from Moody’s prompted more fear than the short-term economic environment merited.Monday’s trading day opened lower and Treasury yields spiked, following Friday’s announcement from Moody’s. At session lows, the Dow Jones Industrial Average was down 300 points and the S&P 500 was down 1%, but by the end of the session, the…
U.S. dollar bills.Nurphoto | Nurphoto | Getty Images U.S. stocks mostly eked out slim gains overnight, as investors look past Moody’s downgrade of the U.S.’ credit rating last Friday. This extends the markets’ rally from last week on the U.S.-China’s temporary trade truce.But there are dark clouds on the horizon. Moody’s downgrade continues to grip the bond market with the 30-year Treasury yield surging past 5% Monday, hitting levels not seen since November 2023. Bridgewater Associates founder and billionaire Ray Dalio warned that the U.S.’s lower sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into…
Swiss Life first-quarter income jumpsInsurer Swiss Life said in a trading update on Tuesday that its fee income rose 3% year on year in the first quarter of 2025, reaching 659 million Swiss francs ($791 million).Its premiums also rose by 6% from the previous year to 7.9 billion Swiss francs.The company said its rising fee income was mainly due to strong performance across its own and third-party products and services, as well as the strength of its Swiss Life Asset Managers division.— Chloe TaylorBritish pound extends gainsThe British pound was 0.2% higher against the U.S. dollar at 6:29 a.m. in…
Novo Nordisk’s ousting of longtime CEO Lars Fruergaard Jørgensen bemused analysts, with many questioning the future of the Wegovy obesity drug maker. Source link
Stock futures slipped early Tuesday as Wall Street waits to see if last week’s market rally can find new momentum.S&P 500 futures lost 0.16%. Nasdaq 100 futures were down 0.23%, while futures tied to the Dow Jones Industrial Average lost 29 points, or 0.07%.The moves in futures follow a relatively calm trading session on Monday that saw the S&P 500 grind higher by 0.09% for its sixth straight positive session. The Dow gained about 137 points, or 0.32%, while the Nasdaq Composite ticked up just 0.02%.While Monday’s gains were marginal, they do add to what has been a rapid and…
