Hold The Horses

Ukraine’s capital city was slammed with Russian missiles, killing 17 people and injuring dozens.  “As of now, 44 people have been reported injured in the massive Russian strike on Kyiv and the Kyiv region. Another 17 people, tragically, were killed. My condolences to their families and loved ones,” Ukrainian President Volodymyr Zelensky posted on X […]

Argentina's Milei Borrows Warren Buffett's Idea To Punish Deficit-Spending Politicians More than two years after campaigning to "blow up" Argentina's central bank, President Javier Milei has announced his "Fiscal Shackle" bill - a permanent rule aimed at preventing Argentina from approving or maintaining budgets with fiscal deficits that could have consequences for politicians. On Thursday, in a speech recorded at the Casa Rosada and broadcast nationwide, Milei proposed an overhaul that would restore the Central Bank of Argentina's sole mandate of preserving the currency's value, stop direct and indirect financing of...

Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn Home Depot reported stronger-than-expected second-quarter sales and profit as homeowners spent money on smaller do-it-yourself projects, giving the home-improvement retailer enough confidence to reaffirm its full-year outlook. The frozen housing market, combined with elevated borrowing costs, has deterred homeowners from financing larger renovations, such as replacing exterior windows and doors or installing a new deck, and has also pressured Home Depot shares over the past year and a half. However, second-quarter demand showed signs of resilience in smaller...