New York Post

Lowe’s cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot’s concerns of a slim chance of a recovery in home improvement demand this year.

The Federal Reserve was expected to cut interest rates earlier this year, but insufficient proof of easing inflation thus far has kept the rates high, which is affecting home sales, and consequently demand for expensive renovation projects.

“We’re seeing significant implications … people aren’t moving nearly as often as they typically do because current mortgage rates are so much higher,” said CEO Marvin Ellison on a post-earnings call.



Big box retailers peddle Halloween products in...

Lowe’s follows rival Home Depot with dismal profit forecast: ‘People aren’t moving’

Is scheduled to report earnings, CNBC's Jim Cramer reminded investors why he thinks the stock has intrinsic value, saying one can't assess it based on the results of one quarter. "When you think of all these wonders from Nvidia's technology, you don't sit there and worry about how massively they...

On the eve of Nvidia earnings, Cramer says you can't judge the stock by 'one static quarterly snapshot'

Burlington Stores posted better-than-expected results and boosted its outlook on strong sales and improved supply chains, but warned about ocean freight costs. Profit more than doubled from the year ago period, as revenue jumped 13%. CEO Michael O'Sullivan noted even with some cost pressure from ocean freight, the retailer was...

Burlington Stores Boosts Profit Outlook as Sales Exceed Expectations

Reuters

(Reuters) - Brown-Forman missed first-quarter profit and sales estimates on Thursday, hurt by higher input costs and weaker demand for its pricey whiskey and spirits. The company's whiskey business, which includes Jack Daniel's Tennessee Whiskey, posted a 5% fall in sales for the quarter ended July 31 as consumers wrestling with rising costs of living cut back spending on its higher-margin products.

Jack Daniel's maker Brown-Forman misses quarterly results on tepid demand

TheStreet

Here's what could happen next to Cava Group shares.

Analysts deliver new Cava stock price targets after earnings

San Francisco, CA

NBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC. The extension keeps Curry in a Golden State uniform through the 2026-27 season. Curry will be the first NBA player to make $60 million in a season,...

Stephen Curry signs $62.6 million, one-year contract extension with Warriors

Los Angeles County, CA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Herbie J Pilato

Actor Van Johnson, who died in 2007, was one of Hollywood's ideal films idols. In the 1940s, the charming screen icon was box office gold, and remained a popular presence on TV in shows like Murder, She Wrote (which starred his good friend Angela Lansbury).

The Secret Gay Life & Horrific Car Accident of Actor Van Johnson: 16 Years After His Tragic Death

NewsNinja

‘This is a game changer.’ Ordering off the kid’s menu comes with a certain set of expectations. Small portions, lower prices—possibly an age restriction—but generally, nothing too off-base as far as ordering food.

‘For $6, who cares?’: Applebee’s customer shocked after ordering both adult and kids’ cheeseburgers

The 6th U.S. Circuit Court of Appeals said a lower court judge had discretion to let drivers sue in groups over Cadillac, Chevrolet and GMC vehicles equipped with 8L45 or 8L90 eight-speed automatic transmissions, and sold in the 2015 through 2019 model years. Drivers said the vehicles shudder and shake...

GM must face big class action over faulty transmissions

Coca-Cola's broad business and emerging opportunities in international markets suggest the company still has a lot more room to grow. DraftKings is a top sports-betting company, and with the industry still in its early-growth stages, this is a business which can get much bigger in the future. PayPal's recent numbers...

3 Unstoppable Stocks to Buy for Less Than $100

Lowe's will no longer participate in surveys for Human Rights Campaign, an advocacy group supporting transgender rights, and is also combining its various business resource groups that represent diverse employees into one umbrella organization, an internal memo obtained by Reuters on Monday showed. The company will not be sponsoring or...

Home improvement retailer Lowe's latest U.S. firm to end some diversity policies

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. Markets try to shrug off Nvidia. hit a new closing high,...

CNBC Daily Open: Nvidia fell, but that may be a good thing

Ike Boruchow, Wells Fargo senior analyst, joins 'Closing Bell' to discuss the retail landscape ahead of earnings.

Lululemon feels like Nike a few years ago, says Wells Fargo's Ike Boruchow

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

Aneesha Sherman, Bernstein analyst, joins 'Closing Bell Overtime' to talk Lululemon earnings.

Lululemon dips on Q2 results

Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback. The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations. In May, Apple announced a $110 billion stock...

Nvidia announces $50 billion stock buyback

The Motley Fool

The chipmaker has been powering the AI revolution, but sometimes strong growth simply isn't enough.

Why Is Nvidia Stock Down After Reporting Parabolic Growth?

Everette Taylor's least-favorite trait in an employee is simple: a lack of self-awareness. People without self-awareness tend to be "ego-driven" and less willing — or able — to work with other people, says Taylor, the CEO of crowdfunding platform Kickstarter. They're prone to "thinking inwardly about what they would want and what they think is best when it comes to customers," he tells CNBC Make It.

35-year-old CEO shares the No. 1 red flag he sees in employees: People who aren't self-aware 'really struggle with this'

Hiring managers have seen some interesting behaviors in the job interview process. Lindsay Mustain, a former Amazon recruiter, once got a resume where the third page was a picture of the candidate holding a shotgun. Ex-Nvidia recruiter and current HR consultant Stefanie Fackrell once had someone tell her they weren't that interested in the job she was interviewing them for.

The 10 biggest interview mistakes, according to hiring managers: You won't 'get that same level of grace anymore'

Aurora, CO

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

What exactly happened at a large gathering of migrants in Aurora last Sunday depends on who you talk to. And a showdown is imminent between City Council member Danielle Jurinsky and the Aurora Police Department, according to Jurinsky.

Migrant mayhem in Aurora? Showdown imminent between PD, council member Jurinsky

NewsBreak

Foot Locker shares drop 10% despite first comparable sales growth in six quarters

Foot Locker beat Wall Street's estimates on the top and bottom lines as it posted comparable sales growth for the first time in six quarters. The...

Foot Locker shares drop 10% despite first comparable sales growth in six quarters

Comments / 0