ATLANTA (AP) — Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors were spooked after the company stuck by projections it put out earlier this year. Shares of The Home Depot Inc. rose 1.2% in morning trading. Profit rose 5.1% to $4.34 billion in the quarter, or $4.24…
Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths. The retail giant’s announcement follows similar proposals on Nov. 2…
(Reuters) -Walmart Inc on Tuesday forecast a smaller fall in annual profit as demand for groceries holds up despite higher prices, while discounts on clothing and electronics attract more inflation-hit shoppers to the top U.S. retailer’s stores. The company also raised its full-year net sales expectations and announced a new $20 billion share buyback plan,…
KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy on Tuesday likened the recapture of the southern city of Kherson to the Allied landings in France on D-Day in World War II, saying both were watersheds on the road to eventual victory. Speaking via video link to a Group of 20 summit in Indonesia, Zelenskyy said…
LONDON (AP) — Thirugnanam Sureshan maneuvers his wheelchair into the tiny kitchen of his one-bedroom apartment, flips the switch on an electric kettle and brews a mug of instant coffee. It’s his second hot drink of the day, and it will be his last. The humble countertop kettle — ubiquitous in homes across Britain where…
MILAN (AP) — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a study released Tuesday. Global sales of personal luxury goods including leather accessories, apparel, footwear, jewelry and watches are expected to grow by…
(Reuters) -Home Depot Inc beat analysts’ estimates for quarterly same-store sales on Tuesday, helped by higher prices and steady demand for home improvement tools from professional builders. The company’s shares were up 2.3% in premarket trading. With mortgage rates more than doubling since the beginning of the year, customers are sticking to their current lower-mortgage…
NUSA DUA, Indonesia (AP) — Indonesia signed deals with international lenders and major nations on Tuesday that will bring billions of dollars in funding to help the country increase its use of renewable energy and reduce its reliance on coal. The $20 billion agreement was announced on the sidelines of the Group of 20 summit…
(Reuters) – Tencent Music Entertainment Corp reported a 5.6% fall in quarterly revenue on Tuesday, as weak advertising and paying user growth hurt the Chinese audio streaming platform. Total revenue fell to $7.37 billion yuan ($7.37 billion) in the quarter ended Sept. 30 from $7.81 billion yuan a year earlier, compared with analysts’ average estimate…
(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were looking for any “criminal misconduct” by the collapsed crypto exchange. The Securities Commission of The Bahamas said it had won court approval and appointed two members from PwC to oversee…
