Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot CEO Ted Decker takes temporary medical leave; two senior executives appointed to share leadership duties until his return.
Housing investors say this is their worst market in at least 3 years
Single-family housing investors report their lowest confidence in at least three years, citing rising interest rates, insurance costs, and home prices as major concerns affecting purchase activity.
Ikea to take on eBay and Vinted with UK online secondhand site
Ikea is launching an online secondhand marketplace in the UK for its members to buy and sell pre-owned furniture items directly to each other, expanding efforts already underway in other European markets.
Global borrowing costs hit fresh highs over oil, AI and inflation concerns
Long-term borrowing costs in major economies hit their highest levels in years due to inflation concerns, government debt worries, and uncertainty around massive artificial intelligence spending.
Mobile payments on the rise but cash decline slows
Two-thirds of UK adults are registered with mobile payment services, with usage jumping significantly over the past decade, while cash decline is slowing.
Inflation is heating up but don’t expect another crisis
Energy bills rose following the Iran conflict, but inflation pressures remain moderate with food costs at five-year lows and wages outpacing price growth, though economists expect inflation to accelerate later this year.