Real estate
Here’s why Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe’s don’t seem to be feeling the same pain. In fact, they’re faring better than expected. While […]
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The four-day workweek is new standard for 40% of companies, EY survey finds
A man walks on Wall St. during the morning commute, as the city deals with record temperatures and the excessive heat, in New York, July 20, 2022. Brendan McDermid | Reuters A cooling economy, rising mortgage rates and mass layoffs have done little to dampen executive demand for expanded office presence and increased flexibility for […]
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Homebuilder sentiment drops to a decade low, as builders add more incentives
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Homebuilder sentiment in the single-family housing market fell to the lowest level in a decade in November, as builders continue to struggle with […]
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Lowe’s reports revenue increase, beating Wall Street’s expectations
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s reported third-quarter earnings on Wednesday that beat analysts’ expectations, with revenue up compared to the same period last year. The home improvement retailer also updated its guidance, lowering the top end of its […]
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Microsoft, Meta and some others face soaring drought threat to their knowledge centers
Drought conditions are worsening in the U.S., and that is having an outsized influence on the serious estate that houses the world-wide-web. Knowledge centers crank out significant quantities of warmth by means of their servers due to the fact of the huge amount of money of electricity they use. Drinking water is the cheapest and […]
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Home Depot posts better-than-expected quarter despite inflation
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reported Tuesday its revenue increased nearly 6% to $38.9 billion, beating analyst expectations, as the retailer continued to beckon customers despite […]
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UK property market at risk of major downturn as recession fears loom
Economists are predicting that soaring interest rates and falling prices will mark the end of the U.K.’s 13-year housing market boom, potentially leading to a house price crash. Matt Cardy | Getty Images News | Getty Images LONDON — The U.K. property market may be verging on a major downturn, with some market watchers warning […]
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Judge appoints independent observe to oversee Trump Org fiscal reporting in NY AG fraud go well with
The community entrance to Trump Tower on Fifth Avenue in New York. Robert Alexander | Archive Photos | Getty Images A New York court Monday appointed retired Judge Barbara Jones to oversee some of the Trump Organization’s money statements as part of a lawsuit alleging popular fraud by former President Donald Trump, his corporations and […]
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Mortgage rates fall sharply to under 7% after inflation eases
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged […]
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Weekly mortgage demand flattens, as interest rates climb higher to 7.14%
A man enters a Bank of America branch in New York. Scott Mlyn | CNBC Mortgage rates rose again last week, throwing even more cold water on demand from both current homeowners and potential homebuyers. Weekly application volume fell 0.1% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. […]
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