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Lowe's CEO Warns Housing Market "Most Difficult" Since Financial Crisis As DIY Project Demand Crumbles
Lowe's CEO Warns Housing Market "Most Difficult" Since Financial Crisis As DIY Project Demand Crumbles
Home improvement retailers such as Home Depot and Lowe's warned this week that consumers remain reluctant to splurge on big-ticket home improvement items, as elevated mortgage rates, high home prices, energy inflation, weakening sentiment, and broader macroeconomic uncertainty weigh on demand.
Let's begin with Home Depot, which on Wednesday reported mixed first-quarter results. At the same time, management said on the conference call that it is not expecting a "marked improvement in underlying demand."
Bernstein analyst Zhihan...
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May 21, 2026 / Tyler Durden
Oil Tumbles After Reported Final Draft Of US-Iran Agreement Reached, But Nuclear Issue Absent
Oil Tumbles After Reported Final Draft Of US-Iran Agreement Reached, But Nuclear Issue Absent
Summary
AI Arabiya TV obtains what it describes as final draft of US-lran agreement, oil tumbles.
Reuters reported that Ayatollah ordered that stockpile of uranium enriched to 60% remain strictly inside Iranian territory. Some Iranian officials then denied report to Al Jazeera.
WH says make a deal or else... "they can face a punishment from our military the likes of which has not been seen in modern history."
US Intelligence says Iran has reconstitute drone program, defense industrial base, "faster...
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May 1, 2026 / Tyler Durden
Futures Rise, Oil Slides On Iran Ceasefire Optimism After Best Month For Stocks Since 2020
Futures Rise, Oil Slides On Iran Ceasefire Optimism After Best Month For Stocks Since 2020
US equity futures are higher, set for a new all time high, as the rally that’s pushed Wall Street to record highs on strong megacap tech earnings continues, after the S&P posted its best monthly increase since November 2020. As of 8:00am ET, S&P futures are up 0.3% (spiking moments ago on a report that Iran submitted its latest response to US amendments on the ceasefire agreement), while Nasdaq futures are modestly in the red...
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Jun 10, 2026 / Tyler Durden
JPM Call With Axon Reveals Race To Fortify U.S. Data Centers Against Kamikaze Drone Swarms
JPM Call With Axon Reveals Race To Fortify U.S. Data Centers Against Kamikaze Drone Swarms
Axon Enterprise is moving beyond its legacy police body-camera and TASER products and rapidly expanding into drones, robotics, and counter-drone systems, positioning itself as a top supplier in the public safety sector, according to JPMorgan analysts.
In a note on Wednesday, JPM analysts led by Joseph Cardoso said recent FAA rule changes regarding beyond-visual-line-of-sight drone operations have removed a key barrier to scaling drones for first-responder programs, while expanding demand for counter-drone threat technology across law...
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