Lowe’s issued a conservative outlook for the next fiscal year as the home improvement sector faces pressure from a shift in consumer spending.
Jim Cramer explained why he doesn’t believe the economy will enter a severe recession.
December’s strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing.
CFOs expect the Dow Jones Industrial Average to fall below 30,000 and the economy to enter a recession next year, according to a CNBC survey.
FedEx said it will be able to cut another $1 billion in costs beyond what it previously forecast.
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