The Conference Board’s barometer of consumer confidence fell pretty sharply in February, raising concerns about the outlook for consumer spending and the speed of economic recovery. But one company with fortunes tied very close to the consumer spend story – Home Depot – made a move today that seems to indicate a belief that consumers will increase spend and, if not doing so already, will be doing so in short order.
The company reported stronger earnings today but what caught the eyes of many an investor was the fact that Home Depot increased its dividend for the first time in three years.
Posted by Rick Stineon October 26, 2009 Economy, Video /
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Meena Thiruvengadam talks about some of the economic data the markets will be dissecting this week. Some of the highlights: consumer confidence and home price data due out on Tuesday and a look at preliminary GDP on Thursday.
David Oreck, founder of a well-known maker of vacuums and air purifiers, says he’s upset his namesake company is in bankruptcy. He says Nashville, Tenn.-based Oreck Corp. was a perfectly profitable company when he sold his stake in it to a private equity firm in 2004. He blames the firm, New York-based American Securities Capital […]
The Conference Board’s barometer of consumer confidence fell pretty sharply in February, raising concerns about the outlook for consumer spending and the speed of economic recovery. But one company with fortunes tied very close to the consumer spend story – Home Depot – made a move today that seems to indicate a belief that consumers will increase spend and, if not doing so already, will be doing so in short order.
