Bill Ackman doubts the Fed can tame inflation, says higher prices ahead

Billionaire hedge fund manager Bill Ackman is skeptical of the Federal Reserve’s ability to bring down inflation, seeing structurally higher prices lingering. “Long-term interest rates are meaningfully below where they’re going to go and we think that is, of course, a risk for equities,” Ackman said on a quarterly investor call for Pershing Square Holdings Thursday. “A part of our thesis here is that … Read more

5 things to know before the stock market opens Monday, November 14

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022.  Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. A little fall sunshine Stocks are coming off a strong week, thanks in … Read more

Lowe’s chief marketing officer Marisa Thalberg leaves company in shakeup

Marisa Thalberg, executive vice president and chief brand and marketing officer. Source: Marisa Thalberg Lowe’s chief marketing officer Marisa Thalberg has left the retailer as part of a broader reorganization, the company said Tuesday. The home improvement retailer has cut her role and moved its marketing team under Bill Boltz, executive vice president of merchandising. … Read more

5 things to know before the stock market opens Friday, August 19

Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Rough morning for stocks The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more

Target, Walmart, Carrier Global and others

Check out the companies making headlines before the bell: Target (TGT) – Target plummeted 22.1% in the premarket after the retailer reported an adjusted quarterly profit of $2.19 per share, below the $3.07 consensus estimate. Revenue and comparable-store sales beat forecasts, but like rival Walmart yesterday, higher costs ate into Target’s bottom line. Lowe’s (LOW) … Read more

These stocks have major earnings mojo heading into a difficult reporting season

Investors anticipating a choppy earnings season could look into these nine companies with a track record for earnings surprises, a CNBC Pro screen found.

The 30-year mortgage rate tops 5%. Here’s what investors should know

The average rate on the popular 30-year fixed mortgage crossed 5% last week for the first time since 2018.

Lowe’s (LOW) Q4 2021 earnings beat

A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that sales grew 5% and surpassed Wall Street’s estimates in the fiscal fourth quarter, as Americans bought, fixed up and renovated homes in … Read more

Remodeling the home could finally cool down and bring those shares back to earth

Next to Netflix, home remodeling may have been the pandemic’s biggest notion of staying home. From new home offices to expanded decks to basement exercise rooms, homeowners have upgraded and expanded their premises at record speeds in the last two years. That trend seems to be slowing down. After large expected jumps in the first … Read more