For the second quarter, Home Depot faced softer demand based on economic conditions and anticipation of interest rate cuts but still managed to beat Wall Street estimates. Net earnings were $4.56 billion, or $4.60 per diluted share, versus $4.66 billion, or $4.65 per...
Retail sales advanced during a July that saw lots of early back-to-school spending and major promotions from Amazon, Walmart, Target and other retailers. According to the CNBC/NRF Retail Monitor, shoppers purchasing for return to classes, to take advantage of...
Although the retail industry slipped a bit in July, economic activity in the services sector expanded, according to the latest Institute for Supply Management Report On Business. The Purchasing Managers Index is at 51.4%, which represents sector expansion for the 47th...
Even as key elements continue gaining in the United States, the economy appears to have slowed enough for the U.S. Federal Reserve to lower interest rates later this year. According to National Retail Federation chief economist Jack Kleinhenz, in the August NRF...
The U.S. economy will continue to expand slowly for the rest of 2024, according to purchasing and supply executives in the Spring 2024 Semiannual Economic Forecast from the Institute of Supply Management. In the manufacturing sector, the study suggests that revenue...
