The home-improvement chain remains a rare oasis of stability and strong execution in an otherwise volatile industry.
S&P futures are retracing most of Monday’s losses as a relative sense of calm was restored among Turkish financial assets (lira appreciated ~5% against the dollar, Borsa Istanbul 100 index +1.3%) while the Europe and China stock markets traded in unspectacular fashion.
Ucommune, a Chinese rival to WeWork Cos., is in talks with international investors to raise about US$200 million in a series D financing round as it prepares for an initial public offering as early as next year.
Home Depot Inc. offered more evidence that the U.S. housing market is still humming along, reporting second-quarter sales that impressed investors.
Once a $120 million engine, a piece of history is being killed off by competition, construction and ICE.
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