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Business

“Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects”

“Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items… Lowe’s stuck by its full-year forecast. It said it expects total sales of between $84 billion and $85 billion, which would be a… Continue Reading…

Business

“Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects”

“Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills… Home Depot said it now… Continue Reading…

Banking

“In policy shift, the Fed projects three interest rate hikes in 2022”

“With inflation now running at its fastest pace in nearly 40 years and showing no signs of slowing down, the Federal Reserve on Wednesday abandoned its wait-and-see strategy and indicated that it could begin stepping on the economic brakes soon.… Continue Reading…

Business, Economy

“JPMorgan Projects 50%-Plus Airline Revenue Decline In 2021”

“JPMorgan is cautious on the airline industry and reducing its forecasts on the basis of conservative demand.  The Airline Analyst: Jamie Baker upgraded JetBlue Airways (NASDAQ: JBLU) from Underweight to Overweight with a $17 price target.  Baker upgrades United Airlines (NASDAQ: UAL) from Neutral to Overweight and raised… Continue Reading…