U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the housing market could contract further in the third quarter.
Walmart’s discounts send sales surging
Walmart on Tuesday offered a much rosier picture for consumer spending than it had forecast just a month earlier, as the company’s steep discounts led customers to shop more at stores.
Home Depot’s second-quarter earnings beat expectations, company stands by 2022 guidance
Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations as the company cited continued strength in demand for home improvement projects.