Business

Home Depot tops second-quarter estimates on steady repair demand

Tuesday, August 18 by SRN News

Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as resilient demand for smaller repair-and-maintenance projects helped offset a sluggish U.S. housing market. The world's largest home-improvement retailer said sales increased 5.7% to $47.86 billion in the... Read More.

As retail stagnates, ad dollars help Walmart stay the course

Tuesday, August 18 by SRN News

By Nicholas P. Brown and Juveria Tabassum Aug 18 (Reuters) - As Walmart's same-store sales growth has leveled off and a cautious annual outlook dented its stock, investors are increasingly looking to the retailer's advertising business to support profits. Walmart Connect has helped the company maintain... Read More.

Microdramas boom in a shrinking Hollywood as studios chase a TikTok audience

Tuesday, August 18 by SRN News

By Dawn Chmielewski, Rollo Ross, Harshita Mary Varghese and Lisa Richwine LOS ANGELES, Aug 18 (Reuters) - When Craig Williams opened his production facility in downtown Los Angeles two years ago, he thought he would rent out the converted furniture warehouse for the occasional music... Read More.

How much should retirees worry about inflation?

Tuesday, August 18 by SRN News

Inflation can be scary for retirees. True, Social Security provides inflation increases in line with the consumer price index, or CPI. But any portfolio income, save allocations to inflation-protected bonds, isn't inherently inflation-protected. And if inflation occurs early in your retirement, those higher prices... Read More.

Home Depot sales lifted by customers focusing on smaller projects, but sticks with previous outlook

Tuesday, August 18 by SRN News

Home Depot's sales improved during its fiscal second quarter as customers focused on smaller projects during the summer months with the U.S. housing sector still mired in a slump. Revenue increased to $47.86 billion from $45.28 billion, edging out the $47.24 billion that Wall... Read More.

OpenAI launches ChatGPT for Teens, promising a more age-appropriate chatbot

Tuesday, August 18 by SRN News

SAN FRANCISCO (AP) - OpenAI is launching a version of ChatGPT designed for teenagers - the first generation to grow up with artificial intelligence - who are already using it for schoolwork, questions about daily life and even companionship. The San Francisco-based company says ChatGPT... Read More.

Drug prices have declined sharply, and Trump is taking credit. The reason behind the drop is complex

Tuesday, August 18 by SRN News

NEW YORK (AP) - President Donald Trump has been taking credit for new federal data that shows U.S. prescription drug prices fell 0.8% in July and are down 3.1% from a year ago, the steepest year-over-year drop since 1963. The plunging prices, the White House... Read More.

China’s Pony.ai’s overseas robotaxi pipeline expands to over 4,000 vehicles

Tuesday, August 18 by SRN News

BEIJING, Aug 18 (Reuters) - Chinese autonomous driving firm Pony.ai said on Tuesday that its pipeline of planned and potential overseas robotaxi deployments has expanded to more than 4,000 vehicles. The company posted a strong second quarter with total revenue rising 68.8% from a year... Read More.

Glencore’s planned Australian debut draws interest as investors look past coal

Tuesday, August 18 by SRN News

By Melanie Burton MELBOURNE, Aug 18 (Reuters) - Glencore could leap into top market indices within six months of listing in Australia as fund managers' copper appetite may outweigh concerns over thermal coal exposure, analysts and investors said following briefings on the listing. Glencore, the world's... Read More.

Mexico’s Braskem Idesa files for bankruptcy in US to reduce debt

Tuesday, August 18 by SRN News

Aug 18 (Reuters) - Mexican petrochemical firm Braskem Idesa, a joint venture of Brazil's Braskem and Mexico's Grupo Idesa, filed for Chapter 11 bankruptcy in the U.S. on Tuesday after reaching agreements with creditors and shareholders to cut debt by more than $920 million.... Read More.

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Current Weather

Home Depot tops second-quarter estimates on steady repair demand

As retail stagnates, ad dollars help Walmart stay the course

Microdramas boom in a shrinking Hollywood as studios chase a TikTok audience

How much should retirees worry about inflation?

Home Depot sales lifted by customers focusing on smaller projects, but sticks with previous outlook

OpenAI launches ChatGPT for Teens, promising a more age-appropriate chatbot

Drug prices have declined sharply, and Trump is taking credit. The reason behind the drop is complex

China’s Pony.ai’s overseas robotaxi pipeline expands to over 4,000 vehicles

Glencore’s planned Australian debut draws interest as investors look past coal

Mexico’s Braskem Idesa files for bankruptcy in US to reduce debt

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