New Year, Same Results; Home Depot Sales Boom in 1Q
Home Depot continues to fill the needs of the surging housing market during the pandemic, with fiscal first-quarter sales soaring and blowing past Wall Street’s expectations.
Home Depot continues to fill the needs of the surging housing market during the pandemic, with fiscal first-quarter sales soaring and blowing past Wall Street’s expectations.
Regulators have dealt a procedural blow to Canadian National’s $33.6 billion plan to acquire Kansas City Southern railroad.
AT&T says it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal.
Investor Warren Buffett’s company pared back its investments in financial firms further during the first quarter.
The rapidly rebounding U.S. economy is helping to accelerate recovery in the personal luxury goods market, which could reach pre-pandemic levels of sales as early as this year.
Walmart, the world’s largest retailer, says that it won’t require vaccinated shoppers or workers to wear a mask in its U.S. stores unless state or local laws say otherwise.
General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods’ animal treat business for $1.2 billion in cash.
Retail sales in the U.S. were flat in April, after soaring in March, when many Americans received $1,400 stimulus checks that boosted spending.
Several major unions say the significant staff cuts railroads have made in recent years could jeopardize safety, but the major railroads say the new operating model they have adopted is simply helping them become more efficient and hasn’t made the railroads riskier.
Apple seems to be prevailing in an antitrust trial examining whether its mobile app store illegally skims profits from smaller companies.