BLOOMBERG Home Depot Inc earnings exceeded the average analyst estimate, suggesting that US home improvement spending is performing slightly better than expected following an unprecedented boom during the pandemic. Earnings per share were $4.65 on a diluted basis in the second quarter, above the average estimate compiled by Bloomberg. Comparable sales, another key metric, fell 2% in the quarter, a ...

BLOOMBERG Target Corp shares clawed back some of their recent losses after a surprising profit surge in the second quarter overshadowed the company’s increasingly cautious outlook on the rest of the year. Adjusted earnings more than quadrupled during the quarter ended in late July, Target said in a statement, reflecting the retailer’s progress in paring the bloated inventories that forced ...

BLOOMBERG A selloff in Chinese assets deepened on Wednesday, with a key equity gauge set to erase all gains seen since last month’s Politburo meeting and the yuan falling towards a 16-year low.  The MSCI China Index dropped as much as 1.3% amid mounting concerns over economic growth, set to close below where it was before policy vows at the ...