Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
The Guggenheim CIO says he had been approached by the White House about possibly joining the Federal Reserve.The Fedread more
Joe Lonsdale says his fellow Palantir co-founder Peter Thiel was "courageous" for speaking out against Alphabet's Google.Technologyread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets.Market Insiderread more
Twitter rebuilt its website from the ground up for the first time ever, here's what it looks like.Technologyread more
Amazon is expanding its empire and Morgan Stanley believes Bezos' ambitious satellite internet plan could become very lucrative.Investing in Spaceread more
Charles Schwab is in talks to buy USAA's brokerage and wealth-management operations for about $2 billion, The Wall Street Journal reported.Wall Streetread more
The talks are expected to be the most contentious in a decade amid "America first" policies from the Trump administration, a tight labor market and thousands of job cuts and...Autosread more
In his prepared testimony for Tuesday's Senate banking committee hearing, Facebook's David Marcus tells lawmakers that the Libra currency will be secure.Technologyread more
Home improvement sales will rise due to increasing sales in the areas affected by storm Florence, according to Jefferies.
Onetime hurricane Florence weakened to a tropical depression on Sunday. But U.S. National Weather Service meteorologist Zach Taylor said the "worst is yet to come" for the Carolinas due to flooding. Tens of thousands of homes were damaged in Wilmington, according to a Reuters report.
Jefferies reiterated its buy rating for Lowe's shares, after speaking with the retailers' employees in stores within 175 miles of Wilmington, N.C.
"Our checks indicate strong demand for hurricane preparedness products at both Home Depot and Lowe's, " analyst Jonathan Matuszewski said in a note to clients Monday. "Based on geographical exposure, Lowe's will likely be the largest beneficiary."
Lowe's shares closed down slightly Monday.
Matuszewski reaffirmed his $126 price target for Lowe's shares, representing 11 percent upside to Friday's closing price.
The analyst called 85 Lowe's stores in the storm-affected area and noted nearly half of them were open on Friday night. The checks also revealed more than three-quarters of the stores were "busy" in the days preceding the storm's arrival.
As a result, Matuszewski estimates the storm will add more than 50 basis points of incremental same-store sales to the retailer's results.
Lowe's shares are significantly outperforming the market this year. Its stock is up 22.5 percent through Friday versus the S&P 500's 8.7 percent gain.