Mark Avallone, Potomac Wealth Advisors president and founder, discusses concerns of consumer price inflation as Home Depot beats earnings estimates. Walmart bumped up its sales forecast for the second straight quarter as a boost in grocery sales helped outweigh a slowdown in e-commerce post-pandemic. Ticker Security Last Change Change % […]
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Stock futures sink with Walmart, Home Depot earnings in focus
Hennessy Funds CIO Ryan Kelley shares his market picks in the home improvement sector. U.S. stock futures were lower Tuesday morning as investors digested earnings from big retailers and awaited a speech from Federal Reserve Chairman Jerome Powell. Dow Jones Industrial Average futures fell 195 points, or 0.54%, while S&P […]
Home Depot’s US sales slow as DIY consumer demand wanes
Mark Avallone, Potomac Wealth Advisors president and founder, discusses concerns of consumer price inflation as Home Depot beats earnings estimates. Home Depot Inc on Tuesday missed Wall Street estimates for U.S. same-store sales for the first time in seven quarters, as the pandemic-driven surge in demand for do-it-yourself home-improvement products […]
Bitcoin investors beginning to show signs of profit-taking in the short term
Check out what’s clicking on FoxBusiness.com. Bitcoin was trading nearly 3.7% lower early Tuesday morning. The price was around $45,798 per coin, while rivals Ethereum and Dogecoin were trading around $3,165 (-3.66%) and 32 cents (-3.85%) per coin, respectively, according to Coindesk. Bitcoin failed to break the $50,000 plateau during weekend […]
US stocks trade lower as investors await retail earnings reports
Check out what’s clicking on FoxBusiness.com. U.S. equity futures traded lower early Tuesday as the busiest week for retail sector earnings kicks off in the morning, with giants Walmart and Home Depot reporting April-through-June results ahead of the opening bell. Stocks in this Article $35625.4 +110.02 (+0.31%) $4479.71 +11.71 (+0.26%) […]
Oil rises on bargain-hunting, expectations OPEC+ will not boost supply soon
Check out what’s clicking on FoxBusiness.com. TOKYO – Oil prices rose on Tuesday, recovering from the previous day’s losses, as investors sought bargains and on expectations that major producers will not boost supply soon, though fears of weaker global demand amid surging pandemic capped gains. Brent crude was up 13 […]
Analysis: Decentralized finance: Latest front in crypto’s hacking problem
Check out what’s clicking on FoxBusiness.com. LONDON – For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms. One such site, Poly Network, was at the centre of a $610 […]
Axel Springer in talks to buy ownership stake in Politico
Check out what’s clicking on FoxBusiness.com. Axel Springer SE is in talks to purchase an ownership stake in Washington, D.C., publisher Politico, according to people familiar with the matter, a deal that would consummate a yearslong relationship between the two companies. The deal talks aren’t final and could still fall […]
Pearson to pay $1M to settle charges it misled investors, SEC says
Check out what’s clicking on FoxBusiness.com. London-based Pearson PLC (PSON.L) will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange Commission (SEC) said on Monday. The educational-publishing firm did not admit nor […]
Spirit Airlines says flurry of flight cancellations cost firm $50 million so far
Former Spirit Airlines CEO Ben Baldanza says the airline struggled to schedule enough pilots and mechanics as summer flight demand soared, causing more than 2,000 cancellations last week. Spirit Airlines disclosed on Monday that the company took a $50 million hit over its recent spate of flight cancellations and delays […]