Economy
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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Home Depot recently cut its sales outlook, citing weaker consumer spending amid high interest rates and recession fears.
The company's expecting same-store-sales to decline by 3 to 4% this year, a sharper drop than the 1% estimated.
Home Depot’s CEO, Ted Decker, said, “During the quarter, higher interest rates and greater macroeconomic uncertainty pressured consumer demand more broadly, resulting in weaker spend across home improvement projects.”
Despite the obstacle, Home Depot’s total sales for the second quarter reached $43.2 billion, a modest 0.6 percent increase from last year.
However, same-store-sales dropped 3.3% during the quarter, reflecting their new sales outlook.
The company’s net profit was $4.6 billion, slightly better than estimates but still down 2.1% from the same quarter last year due to rising costs.
Looking ahead, with inflation at record lows, consumer spending on home improvement could decline, as part of a broader slowdown due to our high interest rates and fiscal policy.