SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak

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...

Cops Bust India-Based Gold Scam Before Widow Loses $700K A widow who was told her Social Security funds were being used to support terrorism nearly lost $700,000 in a gold scam, according to WOOD ABC 8.   The fraudsters convinced her to buy gold, but a suspicious coin dealer alerted authorities before the transaction could be completed. Ben Soldaat, owner of Grand Rapids Coins, noticed several red flags. The woman seemed confused, unusually urgent, and showed little interest in the gold itself. Concerned she was being manipulated, he contacted the Kent County Sheriff’s...

U.S. Navy Deploys Sea Robots To Sweep Hormuz Chokepoint For Mines The US military is deploying unmanned and autonomous surface platforms that can tow an advanced mine-hunting sonar system to detect sea mines that were deployed by Iranian naval forces. This development comes even as Iran closed the Hormuz chokepoint on Saturday morning. By Sunday morning, Iran's chief negotiator said some progress had been made in negotiations with the US, but there is still a long way to go before a deal is reached. Despite the volatility in the Hormuz chokepoint's operational status, somewhat...