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Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn
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...
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Jun 30, 2026 / Tyler Durden
San Francisco Archdiocese Agrees To $395 Million Abuse Settlement
San Francisco Archdiocese Agrees To $395 Million Abuse Settlement
Authored by Owen Evans via The Epoch Times,
The Archdiocese of San Francisco has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, in what the plaintiffs’ lawyers described as the largest per-survivor settlement.
The plaintiffs’ attorneys said on June 29 that San Francisco Archbishop Salvatore Cordileone will have to write an apology letter to each survivor as part of the settlement.
The settlement also requires the archdiocese to implement a series of child protection...
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Apr 12, 2026 / Kyle Anzalone
Trump Announces Blockade of Strait of Hormuz
President Donald Trump announced on Truth Social that the United States would impose a total blockade of the Strait of Hormuz. In a second post, he claimed that talks with Iran collapsed because Tehran was unwilling to commit to not developing nuclear weapons. “Effective immediately, the United States Navy, the Finest in the World, will […]
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Jun 1, 2026 / Tyler Durden
SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak
SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak
One week, unions are threatening labor action at memory giant Samsung. The next, SK Hynix suffers an industrial accident. Together, the events highlight just how fragile the global memory supply chain has become at a time when AI data center buildouts have already pushed memory chip supply into extraordinarily tight territory.
South Korea's main national wire service, Yonhap News Agency, reports that SK Hynix, the world's second-largest DRAM producer, evacuated about 3,600 workers from its Cheongju semiconductor...
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