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Home Depot Sales Rise 5.7% as Retailer Reaffirms Full-Year Outlook
Second-quarter comparable sales rose 1.7%, net earnings reached $4.8 billion and Home Depot kept its fiscal 2026 sales and earnings ranges unchanged.
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UK Labour Market Cools as Vacancies Fall to Lowest Non-Pandemic Level Since 2014
UK job vacancies fell to 707,000 in the three months to July, while payroll employment remained below year-earlier levels and private-sector pay growth slowed to 2.8%.
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Dream Finders Details Financing Plan for Beazer Homes Merger
Dream Finders expects its post-merger capital structure to include about $1.3 billion of senior unsecured notes and roughly $675 million of redeemable preferred stock, while final financing terms…
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Arxis Completes $770 Million Omnetics Acquisition
The deal brings Omnetics’ miniature high-reliability connector business into Arxis’s Electronic Components segment, with former shareholders receiving about 3.1% of Arxis common stock.
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U.S. Import Prices Fall 0.4% as Fuel Costs Drop Sharply
Fuel import prices fell 7.2% in July, outweighing a 0.4% rise in nonfuel import prices, while U.S. export prices dropped 1.3%.
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RTX Lands $22.9 Billion Tomahawk Contract as U.S. Moves to Rebuild Missile Stockpiles
The seven-year award is designed to support annual production of more than 1,000 Tomahawks, giving RTX long-term demand visibility as the United States works to restore missile inventories.
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Gold Climbs Above $4,400 as Dollar Weakens and Fed Rate-Hike Bets Fade
Spot gold rose 1.2% to $4,426.52 by late morning in New York as the dollar slipped to a more-than-two-month low and September Fed hike odds fell to about…
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AvalonBay-Equity Residential Merger Closes, Creating $70 Billion Vivmark Residential
Former AvalonBay holders now own about 51% of Vivmark, which starts trading as VMRK Tuesday with more than 184,000 apartments and $4.4 billion under construction.
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Uber Invests in Zipline as It Targets One Million Drone Deliveries a Day
Uber is making an undisclosed strategic investment in Zipline as the companies plan a U.S. drone-delivery rollout targeting one million deliveries a day by the end of 2029.
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U.S. Home Builders Keep Cutting Prices as Mortgage Rates Weigh on Housing Demand
Builder confidence barely improved in August, while 35% of builders cut prices and nearly two-thirds used sales incentives as elevated mortgage rates kept buyers cautious.