Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble

La-Z-Boy Crashes Most Since 2022 As Frozen Housing Market Crushes Sofa Demand La-Z-Boy shares suffered their steepest decline in 4.5 years on Wednesday after the furniture maker's second-quarter guidance missed expectations, providing even more evidence that weak housing turnover has suppressed demand for big-ticket discretionary goods such as sofas and recliners. With mortgage rates elevated and home prices near record levels, affordability remains severely stretched, keeping transaction volumes depressed, thus limiting replacement purchases that typically drive furniture demand. La-Z-Boy forecasted second-quarter sales of $475.7 million, down 3% from a year earlier and well...

Iran Says More Tankers Struck By Mines, After Trump Declared He Won't Bomb Before Midterms Summary Late night 'heavy explosions' reported in southern Strait of Hormuz, Fars says result of vessels hitting mines. Oil plunged after Trump said on Truth Social the US will not attack Iran before the November midterms. Late Wednesday reports said Pentagon was ordered to prepare Iran attack options for before midterms. Iran expanded tanker attacks beyond the Strait of Hormuz into the Persian Gulf and Gulf of Oman. In Saudi Arabia, Riyadh airport suffers direct missile attack from Iran-aligned Houthis. US announces...