Lowe’s Fix for Its Home Depot Problem? Longer Shifts for Workers – Fortune

Another quarter, another set of underwhelming Lowe’s (low) results vis-à-vis arch-rival The Home Depot (hd). Lowe’s on Wednesday reported second-quarter sales and profit below what Wall Street was expecting, prompting a sell off that sent its shares down 5% in pre-market trading. The company said its adjusted profit was $1.57 per share, below analysts’ average […]

Here’s why new home sales tanked – CNBC

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Uber drivers have earned $50 million in tips in just over 50 days – Recode

Uber is rolling out its third group of driver-friendly improvements, this time focused on flexibility. The company started introducing these new features in June with the addition of the long-sought-after tipping feature. Since then, drivers have earned a total of $50 million in tips, according to Regional General Manager of U.S. & Canada Rachel Holt. […]

Sempra Dares Buffett to Be Disciplined – Bloomberg

While everyone is focused on the imminent solar eclipse, a black hole appears to have opened up in the vicinity of Dallas. Fortunately, its formidable gravitational pull only seems to affect utilities. It centers on Oncor Electric Delivery Co., a utility serving Dallas and northern Texas, which is emerging from the bankruptcy of the TXU […]

Chinese Automaker Sets Its Sights on Jeep – New York Times

The automaker owns the Chrysler, Dodge and Jeep brands, as well as the Fiat, Alfa Romeo and Maserati brands in Europe. The seriousness of Great Wall’s interest in a deal could not immediately be determined, and a company spokeswoman declined to say whether the two parties had even met. The Chinese carmaker, controlled by the […]

Bankruptcy fight over Oncor to test Warren Buffett’s discipline – Reuters

(Reuters) – Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the billionaire’s legendary discipline. The board of bankrupt Texas utility […]

VW’s adorable ID Buzz hits dealerships in 2022, but we drove it today – CNET

VW’s adorable ID Buzz hits dealerships in 2022, but we drove it today – CNET

At this year’s North American International Auto Show, we saw gorgeous concept and production cars from companies around the world, but there was only one concept that was an almost-universal hit. Damn-near everyone who saw it said that they wanted to take it home. That car was Volkswagen’s nostalgia-infused I.D. Buzz electric van. With its […]

‘Trump trade’ can become market headwind, as traders watch for next shoe to drop – CNBC

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