A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Home Depot on Thursday said it is acquiring SRS Distribution in a $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more … Read more
The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. Roberto Schmidt | Afp | Getty Images Logistics companies up and down the East Coast were urgently relaying messages back and forth to clients Tuesday on the status … Read more
Home Depot said Thursday that it will open four new distribution centers as it chases more sales from remodelers, contractors and other home professionals. The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. The facilities make room for the bulky size, … Read more
Ken Langone. Anjali Sundaram | CNBC Donald Trump claimed in an interview on CNBC that he had “never been a fan” of Home Depot co-founder Ken Langone, the billionaire investor who endorsed the former president’s primary challenger, Nikki Haley. Trump‘s critique was prompted by a clip aired during his Monday appearance on “Squawk Box.” “I … Read more
CNBC’s Jim Cramer reflected on the earnings season so far, saying investors shouldn’t judge stocks based purely on figures from a financial report. Instead, he said it’s wise to read beyond “negative headlines” to better predict a company’s performance. “You know what the biggest takeaway is?” he said, referring to earnings season. “It’s the way … Read more
The Lowe’s logo is displayed on the front of the store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Lowe’s on Tuesday beat Wall Street’s quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects. The home improvement was going up against lower expectations for its fourth … Read more
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets positive Wall Street … Read more
A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on … Read more
People shop at a retail store in Manhattan, New York City, on Jan. 5, 2024. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Wall Street surgesThe S&P 500 soared to new highs on Thursday … Read more
