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Two years later, Congress put such a law in place, prohibiting people facing domestic violence restraining orders from having guns. Gun rights organizations are supporting Zackey Rahimi, the Texas man whose challenge to the law led to the Supreme Court case. A gun, though, is more than just a potential source of violence, Glenn said, recalling how her husband threatened her and her then-teenage son, David, repeatedly. Rahimi’s case reached the Supreme Court after prosecutors appealed a ruling that threw out his conviction for possessing guns while subject to a restraining order. The court's decision in the Rahimi case could have widespread ripple effects, including in the high-profile prosecution of Hunter Biden.

Persons: — Ruth Glenn, Glenn, Cedric, ” Glenn, Zackey Rahimi, Shira Feldman, Brady, “, ” Feldman, David, it’s, Rahimi, Cory Wilson, Wilson, ” Wilson, Clarence Thomas, Hashim Mooppan, Trump, ” Mooppan, ”, Clark Neily, Jacob Charles, Hunter Biden, ” Charles, Cedric Glenn, “ We’re, we’re Organizations: WASHINGTON, Associated Press, Survivor Justice, Biden, Republicans, Democrats, for Disease Control, Gun Safety, Circuit, Justice Department, Georgetown Law, Cato Institute, Pepperdine University Locations: Denver, Glenn, Texas, Arlington , Texas, U.S, Bruen, Malibu , California

☆ Earnings playbook: How to trade the biggest reports this week, including Disney
▼ + stars: | 2023-11-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Horton is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Wednesday Biogen is set to report earnings in the premarket. Disney is set to report earnings after the close, with a conference call scheduled for 4:30 p.m. MGM Resorts is set to report earnings after the closing bell, with a call slated for 5 p.m. What history shows: MGM only exceeds earnings estimates 53% of the time, Bespoke data shows.

Persons: Horton, FactSet's John Butters, Butters, D.R, DHI, BIIB, WBD, Max, Bank of America Jessica Reif Ehrlich, Goldman Sachs, Brett Feldman, Bill Hornbuckle, — CNBC's Michael Bloom Organizations: Disney, MGM Resorts, CNBC, LSEG, Federal Reserve, Investment, Warner Bros, Warner Bros Discovery, Warner, Bank of America, MGM Locations: Macao

☆ This city never slept. Now with China tightening its grip, is the party over?
▼ + stars: | 2023-11-03 | by ( Chris Lau | ) edition.cnn.com time to read: +16 min

China’s message at the time was that even if change was coming to Hong Kong, its spirit of “anything goes” would be staying put. People gather outside a restaurant on a near-empty street in the Soho area of Hong Kong. Officials say they were “fluorescent.”A Hong Kong government spokesman told CNN this week that the activities were “well-received by local residents and tourists”. Under Hong Kong’s pandemic restrictions, live music was all but banned in small venues for more than 650 days. Months before the virus emerged, China had been tightening its grip on Hong Kong in response to pro-democracy protests that had spread throughout the city.

Persons: Hong Kong, Boy George, Grace Jones, Pete Tong, Paul Oakenfold, China’s, Deng Xiaoping, China –, Deng, Deng’s, –, Noemi Cassanelli, Hong, John Lee, “, ”, Gary Ng, Covid, Benson Wong, Wong, Lan Kwai Fong, Cassanelli, Hong Kongers, Kongers, Ng, Yan Wai, ” Yan, hasn’t, Billy H.C, Kwok, Richard Feldman, Feldman, Becky Lam, ” Lam, “ They’ll, ” Feldman, Kwai Fong, Marco Chan, Chan, ” Allan Zeman, Allan Zeman, Lan, CNN “ They’ll, they’ll, Lam, Hong Kong’s Organizations: Hong Kong CNN, East, West, Britain, Occupy Central, National Security, Michelin, CNN, Hong, Tai Hang, National, Hong Kong Wine, HKSAR, Immigration Department, Chinese University of Hong, Soho Association, Netflix, “, Lan Kwai Fong Group, Hong Kong, Shady Locations: China, Hong Kong, Asia, Hong, Soho, Japan, Singapore, Tai, Thailand, Lan Kwai, expats, Britain, Canada, Australia, Natixis, Chinese University of Hong Kong, Lan, revelers, California, Central, Shenzhen, Hong Kong’s Central, Bangkok, Shanghai, Taipei, Petticoat

☆ Biden to pay his respects to Maine shooting victims
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] Mourners look at pictures of the victims during a vigil for the victims of the deadly mass shooting, at the Basilica of Saints Peter and Paul, in Lewiston, Maine, U.S., October 29, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will meet on Friday families and victims of a mass shooting that devastated the city of Lewiston, Maine. "Recovering from this attack will be long and difficult, and President Biden is committed to marshaling resources from across the federal government to support Lewiston every step of the way," she said. She also said Biden will continue urging Congress to act on gun safety legislation that has been stalled. The latest mass shooting in the United States prompted U.S. Representative Jared Golden, whose constituents died in the massacre, to reverse his opposition to a ban on assault-style weapons.

Persons: Saints Peter, Paul, Kevin Lamarque, Joe Biden, Jill Biden, Robert R, Stefanie Feldman, Biden, Jared Golden, Steve Holland Organizations: Saints, REUTERS, Rights, U.S . Army, White, Lewiston, U.S, Thomson Locations: Lewiston , Maine, U.S, Tel Aviv, Israel, Lewiston, United States, Washington

☆ Japan's labor market shortage has gotten 'extraordinarily serious,' says Morgan Stanley economist
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's labor market shortage has gotten 'extraordinarily serious,' says Morgan Stanley economistRobert Feldman, chief economist of Morgan Stanley MUFG Securities, discusses Bank of Japan policy and the challenges the country's labor market faces.

Persons: Morgan Stanley, Robert Feldman Organizations: Securities, Bank, Japan

The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. The agreements may be a selling point for non-union shops to push for unionization, said San Francisco State University labor and employment professor John Logan. Nissan (7201.T) and other competitors may feel compelled to boost wages to retain their workforce. UPS AND ITS RIVALSThe UPS deal in August raised pay and eliminated a two-tier wage system for drivers at the Atlanta-based company. That bolstered organizing efforts among Amazon workers and put pressure on UPS rivals to close a growing gap in pay.

Persons: Shawn Fain, Harley Shaiken, Stellantis, John Logan, Mack, Marcos Feldman, Feldman, Joe Biden, Kate Bronfenbrenner, Bianca Flowers, Jonathan Oatis Organizations: United Auto Workers, Detroit Three, Ford Motor, Chrysler, General Motors, University of California, Berkley ., San Francisco State University, UAW, Starbucks, Economic, UPS, Caterpillar, Workers, Deere & Co, Employers, U.S . Department of Labor, Amazon, National Labor Relations Board, Atlanta -, FedEx, Reuters, Cornell University, Industries, Thomson Locations: Detroit, Berkley, Berkley . Union, New York, Atlanta

[1/3] People react as residents of Tel Aviv show support and solidarity with the families of hostages who are being held in Gaza in Tel Aviv, Israel, October 21, 2023. Prime Minister Benjamin Netanyahu has vowed to eliminate Hamas and Israeli troops could enter Gaza at any moment, but many families are urging him to focus solely on the hostages. Israel has a long experience of dealing with hostage crises, but has previously shied away from attempting rescue operations in the densely populated Gaza Strip. Some of the freed Palestinians returned to the ranks of Hamas, including its current leader in Gaza, Yahya Al-Sinwar. We have to help these hostages very fast," said Daniel Lifshitz, whose grandparents, aged 83 and 85, were abducted and have vanished into Gaza.

Persons: Ammar Awad, Israel, Benjamin Netanyahu, Noam Alon, Inbar, Isaac Herzog, Carmel Gorni, Yiftah Gorni, Gorni, Ilan, Sandy Feldman, Herzog, Keith Siegel, Jonathan Dekel, Chen, Sagui, Netanyahu, Gilad Shalit, Yahya Al, Shalit, Gal Hirsch, Daniel Lifshitz, Crispian Balmer, Alison Williams Organizations: REUTERS, U.S, Aviva, Reuters, Hamas, Thomson Locations: Tel Aviv, Gaza, Israel, Gaza Israel, Jerusalem, Palestinian, Qatar, Qatari

This remote town is also where an alleged graft and money-laundering scheme related to the El Calafate hotels owned by the Kirchner family took place. In El Calafate, architect Walter Pieroni said some properties on the edge of the main commercial center could go days without water because of poor planning. In Santa Cruz, a province of some 333,000 people, fixing things was once the role of the Kirchners. Under the Kirchners, an airport was built in El Calafate, roads were paved to the glaciers, and plots of land were distributed to locals. "But they created a model that does not work and now our children have no future in this country," said Feldman, who has lived in El Calafate since 1987.

Persons: RIO, Alicia Kirchner, Kirchner, Javier Milei, Milei, " Kirchner, Nestor Kirchner, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Alberto Fernandez, Patricia Bullrich, Sergio Massa, Santa Cruz, Brian Franco, Moreno, Franco, Eugenio Quiroga, El, Walter Pieroni, Weeks, Pieroni, Guillermo Carnevale, Peronist Fernandez, Mauricio Macri, Kirchnerism, Ana, Guerrero, hadn't, We've, Danny Feldman, Feldman, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Peronist, Reuters, International Monetary Fund, El, Suppliers, Thomson Locations: Argentina, Rio Gallegos, Santa Cruz, Santa, China, Brazil, El Calafate, Spain, Germany, Buenos Aires

☆ 3 ways Costco can win leveraging AI and its treasure trove of member shopping data
▼ + stars: | 2023-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

For the entire grocery industry, Cowen sees AI amplifying "loyalty by harnessing customer interaction data to offer prescriptive advice." Customer experience Costco has the "unique opportunity to drill into the buying habits of their individual members," Morningstar retail analyst Noah Rohr told CNBC in an interview. Rohr believes that generative AI advancements could be as simple as making promotional emails more relevant to each individual member. The retailer utilizing its large customer data sets is "a big advantage when it comes to inventory planning," Morningstar's Rohr said. Rohr said Costco can also optimize its data with AI by making sure store employees are using their time efficiently.

Persons: TD Cowen, Cowen, Noah Rohr, Joe Feldman, ChatGPT, Rohr, Feldman, it's, Morningstar's Rohr, Kirkland, Jim Cramer's, Jim Cramer, Jim Organizations: Costco, Walmart, Morningstar, CNBC, Kirkland, Advisory, Corbis, Getty Locations: Kirkland, Teterboro , New Jersey

☆ Stocks like Microsoft have more room to run, as analysts name their top fourth-quarter picks
▼ + stars: | 2023-10-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts have issued their lists of top stocks for the fourth quarter, and a slate of familiar names made the cut. These companies are firing on all cylinders and have more room to run, they said. They include Nvidia , Microsoft, Boeing and T-Mobile. Microsoft Buy any dip in the tech giant's shares, Wells Fargo said earlier this week. In addition, Boeing is in a "premier position" with its jumbo jet manufacturing as the company maintains a large market share, the firm said.

Persons: Wells Fargo, Michael Turrin, ROY, Wells, Mobile Goldman Sachs, Brett Feldman, Feldman, Goldman, Ronald Epstein, AeroSystems, Epstein, Grace, Hopper, C27E, …, Goldman Sachs Organizations: CNBC, Nvidia, Microsoft, Boeing, Mobile, Sprint, Boeing Global, Bank of America, Mizuho, ~$

☆ Medicare's drug-price negotiations will save the government billions in healthcare spending — but patients may not feel the benefits
▼ + stars: | 2023-09-25 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +6 min

Patients with private health insurance aren't likely to see a drop in costs from the negotiations. Longo said the price-setting provisions will drive research and investment away from treatment options for Medicare patients. If drug companies won't come to the negotiating table to lower drug prices paid by private insurers, those insurers could take the companies' drugs off their lists of covered medications. Or, if private insurance companies don't negotiate drug prices down for their patients, patients in some cases could seek out different insurance. "These are not full solutions, but they are the beginning of cracks in the facade" of drug companies' constant price hikes, Feldman said.

Persons: Biden, Juliette Cubanski, Jeffrey Davis, Davis, Richard Frank, —, Nicole Longo, Longo, it's, — aren't, Robin Feldman, Feldman, Cuban's Organizations: Medicare, Healthcare, Morning, Centers, Services, Congressional, McDermott, Consulting, Brookings Schaeffer Initiative, Health, Pharmaceutical Research, Manufacturers of America, PhRMA, University of California Law School, Costco, Pharmaceutical Locations: Lower

☆ Biden sets up White House office on gun violence prevention
▼ + stars: | 2023-09-21 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +4 min

"But in the absence of that sorely-needed action, the Office of Gun Violence Prevention along with the rest of my Administration will continue to do everything it can to combat the epidemic of gun violence that is tearing our families, our communities, and our country apart,” he said. Democrats largely favor stricter gun laws as a way to reduce deaths from gun violence at schools and in cities across the country. Establishing a new office of gun violence prevention has long been on the wish list of anti-violence advocacy groups that were happy with Biden's record pushing for reforms but wanted the White House do more. White House adviser Stefanie Feldman, Biden's staff secretary, will serve as the director of the office, and gun safety advocates Greg Jackson and Rob Wilcox will join the White House as deputies. “We are so pleased that the Biden administration has officially created an Office of Gun Violence Prevention," said Kris Brown, president of Brady, an advocacy group.

Persons: Cheney Orr, Joe Biden, Kamala Harris, “ I’ll, Biden, ”, Harris, Stefanie Feldman, Greg Jackson, Rob Wilcox, Feldman, Kris Brown, Brady, Jeff Mason, Dan Whitcomb, Leslie Adler, Deepa Babington Organizations: Chamber, Covenant School, Tennessee State Capitol, REUTERS, Rights, Republicans, National Rifle Association, Democrats, Safer Communities, White, Gun, FEMA, Federal Emergency Management Agency, Thomson Locations: Nashville , Tennessee, U.S

WASHINGTON (AP) — President Joe Biden has asked Vice President Kamala Harris to lead the first-ever federal office of gun violence prevention, which will seek to find ways around congressional inaction to stem rising violence. Harris, a former prosecutor and state attorney general, has years of experience on the issue and was the natural fit to lead the effort, White House officials said. “Throughout her career, the vice president has worked tirelessly to protect people from gun violence,” said Kristine Lucius, a domestic policy aide to Harris. Overall, stricter gun laws are desired by a majority of Americans, regardless of what the current gun laws are in their state. Among its first directives will be to ensure a federal gun safety law passed last year is being fully implemented.

Persons: Joe Biden, Kamala Harris, Harris, they’re, “, ”, Kristine Lucius, she's, Biden, Stefanie Feldman, ” Biden, Greg Jackson, Rob Wilcox Organizations: WASHINGTON, White, The Associated Press, USA, Northeastern University, Community, Action Fund, Associated Press, NORC, for Public Affairs Research Locations: Congress, U.S, Uvalde , Texas

☆ She Pioneered Internet Fame, He Helped Draft a Constitution. Now They’re in Love.
▼ + stars: | 2023-09-20 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +2 min

Still, there was an acculturation process — particularly for Mr. Feldman, who is not really the dance-like-no-one-is-watching type. To begin with, Ms. Allison was immersed in a scene, centered on Burning Man, about which Mr. Feldman knew nothing. “Many of Julia’s friends have jobs I didn’t know existed until I met Julia,” Mr. Feldman said. “To say Noah was having trepidation about Burning Man would be a major understatement,” Ms. Allison said. If you’re going to be with me, you have to go to Burning Man.

Persons: Feldman, Allison, Julia, ” Mr, Purple, ”, Noah, Ms, Clifford Geertz, Mr, revel, aren’t, “, Allison’s Locations: Bali, cryptocurrency, Ubud, Cambridge, Boston, Nevada

WASHINGTON (AP) — President Joe Biden is creating the first-ever federal office of gun violence prevention, according to two people familiar with the plans. The office will coordinate efforts across the federal government and will offer help and guidance to states struggling with increasing gun violence, while taking the lead on implementation of the bipartisan gun legislation signed into law last year. “There are few people who care more about the work of gun violence prevention than President Biden,” said Sen. Chris Murphy, D-Conn., who has drafted legislation with Rep. Maxwell Frost, D-Fla., that would create such an office. “Establishing a White House office dedicated to this fight will save thousands of lives and strengthen the federal government’s implementation of the Bipartisan Safer Communities Act.”Firearms are the No. Most Democrats, 92%, want gun laws made stronger, in line with their views in a UChicago Harris/AP-NORC poll conducted in July 2022.

Persons: Joe Biden, Biden, Kris Brown, Brady, Greg Jackson, Rob Wilcox, Stef Feldman, ”, Sen, Chris Murphy, Conn, Maxwell Frost, UChicago Harris Organizations: WASHINGTON, White, Associated Press, Community, Action Fund, White House, The Washington Post, “, Safer, NORC, for Public Affairs Research, AP, USA, Northeastern University Locations: America, U.S, Canada

The newly launched Professional Women’s Hockey League is quickly taking shape. The head coaches are but an example of the step up in class for women’s hockey, with Ryan reunited with Gina Kingsbury, who left Hockey Canada to be Toronto’s GM. Howie Draper, who coached the University of Alberta women’s team to eight national titles, was hired by New York. The majority of the players signed had connections to their respective communities, with most national team players staying in their home countries. She attended a prep school, and played for both the now-defunct Canadian Women’s Hockey League and National Women’s Hockey League Boston-based franchises.

Persons: Hilary Knight, Philip Poulin, Kelly Pannek, Troy Ryan, Courtney Kessel, Kori, Taylor Heise, ” Heise, I’m, Natalie Darwitz, Heise, Darwitz, Lee Stecklein, Kendall Coyne Schofield, Mark Walter, Billie Jean King, Ryan, Gina Kingsbury, Carla MacLeod, Howie Draper, Charlie Burggraf, Micah Zandee, Hart, Alex Carpenter, Abby Roque, Knight, ”, “, ” Pannek, Brant Feldman, Pannek, ” Darwitz, Kelly Organizations: Women’s Hockey League, Canadian, Minnesota, Golden Gophers, Associated Press, Los Angeles Dodgers, Hockey Canada, Czech Republic national, University of Alberta, New, Bethel University, Team USA, National Women’s Hockey League Boston Locations: Boston, Marie, Quebec, Minnesota, Toronto, Montreal, ., “ Minnesota, Chicago, Boston , New York, Ottawa, New York, California, Idaho, New England, City, Plymouth , Minnesota

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

☆ A Colorado City Has Been Battling for Decades to Use Its Own Water
▼ + stars: | 2023-09-05 | by ( David Gelles | ) www.nytimes.com time to read: +14 min

The City Council bought about 17,000 acres of farmland 60 miles to the north, near Fort Collins, along with the associated water rights. Today, almost 40 years later, the water Mr. Ethredge secured for his city remains out of reach. The city purchased 17,000 acres of farmland 60 miles north, near Fort Collins, decades ago. The Thornton water treatment plant. ; Thornton Water Project By Leanne AbrahamBack when Mr. Ethredge secured the water rights up north, Thornton planners figured they would need that water by 2000.

Persons: Jack Ethredge, Ethredge, Thornton, Ethredge’s, Mr, “, ”, Jeni Arndt, Thornton’s, Brett Henry, “ We’ve, we’ve, Denver Thornton, Colorado Adams Thornton, Leanne Abraham Back, Fort Collins, Barry Feldman, Feldman, Gary Wockner, “ We’re, we’re, Henry, Barbara Cohen, Ted Leighty, “ Thornton, Maiker, Peter LiFari, Christina Ra, Roger Uthmann, Wockner, Uthmann, ” Thornton, ” Mr Organizations: City Council, Housing, San, Loveland Greeley, Weld County Colorado Larimer Boulder Longmont, Boulder Adams, Denver Thornton Colorado, Greeley Weld, Boulder, Denver, Colorado Adams, Colorado Adams Thornton Denver, Colorado Supreme, Thornton, Home Builders Association of Metro Denver, Maiker Housing Partners, “ Locations: Thornton, Colo, Denver, Fort Collins, “, Rocky, Thornton’s, Colorado, San Luis Valley, Douglas County, In Texas, San Antonio, Collins, Loveland, Loveland Greeley Rocky, Weld County, Denver Thornton Colorado Denver, Greeley, Greeley Weld Larimer, Larimer County, Larimer, Thorton, Laporte

☆ Chanel’s Unexpected CEO Is Reinventing the Company
▼ + stars: | 2023-08-27 | by ( Elisa Lipsky-Karasz | Photography Jody Rogac For Wsj. Magazine | ) www.wsj.com time to read: 1 min

Chanel’s Unexpected CEO Is Reinventing the Company When it came time to hire a new CEO, the luxury fashion house made a surprisingly bold choice in Leena Nair“If somebody told me I would have the chance to do what I’m doing today, I would not have believed them,” Nair says of taking the CEO role at Chanel. Andy Warhol, ‘Chanel,’ 1985, from the Ads series, acrylic and silkscreen ink on canvas, 22 x 22 inches, © The Andy Warhol Foundation for the Visual Arts / Artists Rights Society (ARS), New York / Ronald Feldman Gallery, New York (6)

Persons: Leena Nair, ” Nair, Chanel, Andy Warhol, ‘ Chanel, Ronald Feldman Organizations: Andy Warhol Foundation, Visual Arts, Artists Rights Society Locations: New York

☆ Lowe's tops quarterly estimates, CEO says consumer sentiment improving
▼ + stars: | 2023-08-22 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/2] Shoppers load a box of merchandise into a truck after visiting a Lowe's hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. REUTERS/Mark Makela/File Photo Acquire Licensing RightsSummaryCompanies Consumer sentiment turning more positive - CEOLowe's to outperform home improvement market in H2 2023Shares up 3.4%Aug 22 (Reuters) - Lowe's (LOW.N) said on Tuesday consumer sentiment was improving after it topped Wall Street estimates for quarterly profit and comparable sales, as sustained spending on smaller projects countered a broader lull in the home-improvement sector. Lowe's said disposable income at U.S. households started to improve over the past quarter, which is boding well for the industry. "We started to see consumer sentiment turn more positive on the Do-It-Yourself customer side... What we're looking for now is just that the (sentiment improvement sustains)," CEO Marvin Ellison said in an interview. Lowe's second-quarter per-share earnings of $4.56 also topped estimates of $4.49, driven by falling lumber prices and tighter cost management.

Persons: Mark Makela, Lowe's, Marvin Ellison, Ellison, Joe Feldman, Deborah Sophia, Shinjini Organizations: REUTERS, Home, Pro, Thomson Locations: Philadelphia , Pennsylvania, U.S, North Carolina, Bengaluru

☆ Lowe's tops quarterly estimates on small home-improvement project boost
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] Shoppers load a box of merchandise into a truck after visiting a Lowe's hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. REUTERS/Mark Makela/File Photo Acquire Licensing RightsAug 22 (Reuters) - Lowe's (LOW.N) beat Wall Street estimates for quarterly profit and posted a smaller-than-expected drop in comparable sales on Tuesday, as sustained consumer spending on smaller projects countered a broader lull in the home-improvement sector. A delayed spring season also pushed demand for goods such as garden equipment and outdoor supplies into the second quarter from earlier in the year, helping Lowe's and larger rival Home Depot (HD.N) top quarterly results estimates. In contrast, Home Depot said Pro-customer sales performance was slightly negative in the quarter. Same-store sales at Lowe's fell 1.6% in the second quarter ended Aug. 4, less than analysts' estimate of a 2.36% drop, according to Refinitiv data.

Persons: Mark Makela, Marvin Ellison, Lowe's, Joe Feldman, Telsey's Feldman, Deborah Sophia, Shinjini Organizations: REUTERS, Home, Pro, Telsey Advisory, Depot, Thomson Locations: Philadelphia , Pennsylvania, U.S, North Carolina, Lowe's, Bengaluru

Ron DeSantis of Florida began the race for the Republican nomination with high expectations and a clear argument: that he was a political fighter with a solid record of conservative achievements in his state. Now, he appears to be in a downward spiral. Shane Goldmacher, a national political reporter for The Times, explains why the DeSantis campaign is stumbling so badly.

Persons: Ron DeSantis, Shane Goldmacher Organizations: Republican, The Times Locations: Florida

"It's just a very high level of uncertainty," said Amit, who is registering his artificial intelligence-based cloud security firm Gomboc in Delaware. Michael Fertik, founder of Heroic Ventures, a Silicon Valley-based early-stage venture investor, has invested in more than a dozen Israeli startups since 2015. He insists on Delaware incorporation and existing Israeli startups seeking a new funding round from him must switch. But the Israeli government's judicial overhaul is casting a shadow for some. Adam Fisher, a partner at Bessemer Venture Partners and long-time investor in Israeli startups, has been happy to invest in Israeli-based tech firms over the past decade.

Persons: Amir Cohen, Benjamin, Ian Amit, Amit, Ami Applebaum, Yair Geva, Herzog, Fox, Neeman, Ronen Feldman, Michael Fertik, Adam Fisher, Fisher, Ayal Shenhav, Steven Scheer, Emily Rose, Mark Potter Organizations: U.S Embassy, REUTERS, Entrepreneurs, Reuters, Israel Innovation Authority, Ministry of Innovation, Science, Technology, Startup Nation, Heroic Ventures, Delaware C Corp, Bessemer Venture Partners, Gross, Co, TechAviv, Partners, Thomson Locations: Tel Aviv, Israel, JERUSALEM, United States, Delaware

☆ Home Depot rides on smaller remodeling projects to top sales, profit estimates
▼ + stars: | 2023-08-15 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

REUTERS/Jim Young/File PhotoAug 15 (Reuters) - Home Depot (HD.N) on Tuesday reported a smaller-than-expected drop in quarterly same-store sales and topped profit estimates, as Americans spending on small-scale projects countered a pause in larger home remodeling and renovation work. "While there was strength in categories associated with smaller projects, we did see continued pressure in certain big-ticket, discretionary categories," Home Depot CEO Ted Decker said in a statement. Customer transactions fell for the ninth straight quarter, down 1.8% in the second quarter, but smaller than the 4.8% fall in the first quarter. Comparable sales fell 2% in the quarter, while analysts had expected a 3.54% drop, according to Refinitiv IBES data. "Whether the bottoming in the housing market would translate to sales or not - that's where there is caution from investors," Feldman said.

Persons: Jim Young, Ted Decker, Depot's, Wells, Joe Feldman, Feldman, Deborah Sophia, Sriraj Organizations: REUTERS, U.S, Walmart, Home, Advisory, Thomson Locations: Niles , Illinois, Bengaluru

A customer leaves one of the stores of discount retail chain Target in Ancaster, January 15, 2015. REUTERS/Peter Power/File PhotoAug 14 (Reuters) - Target (TGT.N) is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said. At least 16 analysts have cut their price targets on the retailer since the beginning of June as its merchandise is skewed towards discretionary items such as clothes, electronics and beauty products. THE CONTEXTTarget in May had warned of dour second-quarter results as inflation forces consumers to shun non-essential goods.

Persons: Peter Power, Edward Jones, Brian Yarbrough, Erik Carnell's Abprallen, Group's Joseph Feldman, Jane Hali, Jessica Ramirez, Granth, Vinay Dwivedi Organizations: REUTERS, Mastercard, American Express, Pride, Associates, Reuters, Refinitiv, Walmart, Target, Thomson Locations: Target, Ancaster, Bengaluru

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