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Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis
24/7 Wall St.89d agoneutral
Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis

Whirlpool (NYSE:WHR) CEO Marc Bitzer is making one of the bluntest recession comparisons of this earnings cycle. According to the Morning Brew Daily podcast segment covering the company’s Q1 results, CEO Bitzer told investors: “This level of industry decline is similar to what we have observed during the global financial crisis and even higher than ... Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis

Nvidia, Retail Earnings: What to Watch in the Next Week
The Wall Street Journal92d agoneutral
Nvidia, Retail Earnings: What to Watch in the Next Week

Traders will look backwards—and forwards—at some of the world’s biggest companies. Nvidia, the most valuable public company by market capitalization, will report earnings next week, the last of the Magnificent Seven tech companies to show investors how AI continues to transform their business.

Home Depot and Lowe’s hidden anti-theft system alarms shoppers
TheStreet93d agoneutral
Home Depot and Lowe’s hidden anti-theft system alarms shoppers

Home Depot and Lowe’s, like many retailers nationwide, have battled elevated retail theft in recent years. Amid this trend, both retailers quietly rolled out an anti-theft measure that is raising concerns and even pushing some consumers to shop elsewhere. In 2023, retailers reported a 93% ...

BofA sees more room for Home Depot shares
TheStreet100d agoneutral
BofA sees more room for Home Depot shares

Home Depot has spent the past few years trying to build a larger business around professional contractors, and Bank of America says that shift could give the home improvement retailer a stronger setup than its peers. Bank of America reinstated coverage of Home Depot with a buy rating and a $374 ...