Home Depot warns of ‘greater uncertainty in the economy’

Home Depot sharply cut its sales forecast for the second half of the year and warned of weakening consumer sentiment about the economy. A major home improvement chain on Tuesday blamed disappointing second-quarter results on high interest rates and fears of an economic recession. Home Depot Chief Financial Officer Richard McPhail said: He told CNBC […]
JPMorgan cautious on deal-making rebound over uncertainty surrounding who will take White House

One of the rumored front-runners to eventually succeed JPMorgan boss Jamie Dimon said Monday that uncertainty over who will win the White House could be dampening enthusiasm for mega-bucks deals. “Everybody is very interested in talking about the election,” Troy Rohrbaugh, co-CEO of the Wall Street giant’s investment bank arm, told Reuters. “While the equity […]
Uncertainty is a blessing for Wall Street as America’s future hangs in the balance with this upcoming election

It’s a jump ball. At least, that’s what Wall Street polls are saying as the dust settles over the new Democratic presidential field, led by the young and intelligent Kamala Harris, who is challenging the Republican Trump-Vance team. Big banks, citing narrowing polling gaps and interviews with officials from both parties, are warning clients that […]
Asian stocks sink on political uncertainty; China rate cut offers little cheer – Investing.com

Investing.com — Most Asian stocks fell on Monday amid uncertainty about how the change in U.S. leadership will affect the region. Even a surprise interest rate cut in China wasn’t enough to lift market morale. Regional markets are still digesting US President Joe Biden’s sudden decision to forgo reelection and instead endorse Vice President Kamala […]
Soros-Funded PAC Shuts Off The Money Tap To His Favorite Prosecutors As They Face Electoral Uncertainty

A PAC funded by George Soros that devoted millions to electing liberal district attorneys in California has yet to spend any money this election cycle, even as some of Soros-backed prosecutors face uncertain futures. California Justice & Public Safety PAC spent well over $5 million between 2018 and 2020 to elect Los Angeles County District […]
Biden stems bleeding among Democrats but faces broad uncertainty

President Joe Biden on Monday prevented the dam from breaking within the Democratic Party on his political future — for now. He faced only one new public call to withdraw from the race, bringing the total to six sitting members of Congress, even as lawmakers returned to Capitol Hill for the first time in more […]
Some Democrats call for changes to homeless camping laws as ‘uncertainty’ follows Supreme Court ruling

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Supreme Court's Idaho decision deepens abortion uncertainty

The Supreme Court’s rejection of an Idaho challenge to a federal emergency medical law provided temporary relief for doctors and patients in the state but did not end questions about whether federal law allows doctors to perform abortions in medical emergencies. The Supreme Court ruled 6-3 on Thursday to dismiss the case for “rashly approving,” […]
How the Clippers view Paul George uncertainty with decision looming

The Paul George puzzle is still unsolved. According to ESPN, the Clippers I really want to keep it Despite being a nine-time All-Star, uncertainty hangs over the team. The deadline on Saturday for George to decide on his $48.8 million player option is steadily approaching. Paul George has a $48.8 million option with the Los […]
Oil Prices Start the Week With a Slight Gain but Uncertainty Remains – OilPrice.com

Crude oil prices started the week slightly higher on prospects of increased fuel demand during the summer driving season. The remainder of the session could still see volatility as strong U.S. employment data released last Friday is likely to have dented interest rate cut expectations and further improved demand. Bureau of Labor Statistics report Nonfarm […]