A sell-off in chip stocks and worries about inflation tied to the war in Iran are adding to pressure on equities
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A sell-off in chip stocks and worries about inflation tied to the war in Iran are adding to pressure on equities
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The home improvement retailer posted $41.8 billion in first-quarter sales and adjusted EPS of $3.43, topping Wall Street expectations
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Home Depot reported lower fiscal first-quarter profit and Chief Financial Officer Richard McPhail said in an interview that homeowners are continuing to pull back on large home-improvement projects due to economic uncertainty.
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Half of investors surveyed in Bank of America's global fund manager survey still forecast the Federal Reserve will cut interest rates in the next 12 months, despite rising inflation expectations, the May survey says.
Investing.com -- Home Depot Inc. (NYSE:HD) reported first-quarter results that exceeded analyst expectations, sending shares around 1% premarket following the announcement.
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ASML expects to see the first products created on the company's new High-NA machines within months, the chief executive of the world's top computer chip equipment maker, Christophe Fouquet, said on Tuesday. The tool will bring down costs for patterning, or creating the circuitry of the most advanced chips, for both logic and memory applications, Fouquet said, speaking at a conference in Belgium organised by research firm imec. Fouquet's remarks come weeks after top customer TSMC said High-NA tools, which can cost up to $400 million each, were too expensive.
Markets were feeling on edge Thursday as a tech selloff, inflation fears, and the continuing stalemate between the U.S. and Iran weighed on sentiment. The Cboe Volatility Index, a widely followed fear gauge that tracks S&P 500 options contracts and trades under the ticker VIX, climbed 0.3 points to 18.1 in early trading. Yields on U.S. treasuries were also slipping early Tuesday as traders weigh up central banks’ response to renewed inflation fears.
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Home Depot got a lift in the first quarter from professionals and also homeowners stocking up on spring supplies. Profit fell from its first quarter last year, but the national home improvement retailer beat Wall Street expectations. "The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure,” CEO Ted Decker said Tuesday.
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South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18 days over a dispute about bonus payouts. Samsung's union has asked the company to abolish a cap that limits bonuses to 50% of annual salaries and to allocate 15% of annual operating profit to a bonus pool that would be distributed to workers. It also wants Samsung to make the changes binding beyond this year.