LOS ANGELES (AP) — If it seems like its getting more expensive to replace a broken door, kitchen fixtures or upgrade a major appliance, you’re not wrong. The cost of home repair and remodeling projects is up compared to a year ago and running ahead of inflation overall, according to a report from data analytics company Verisk. The firm's latest Repair and Remodeling Index jumped 3.4% in the April-June quarter compared to the same period last year. That's a bigger annual increase than the 2.7% rise in inf ...

Core Viewpoint - The company is experiencing a turnaround, but the current valuation may limit upside potential, necessitating quicker improvements to see share price increases [2][4]. Valuation Concerns - Shares are trading at approximately 40 times next 12-month earnings and 30 times earnings for two years out, raising concerns about valuation [2]. - The risk is perceived to be on the downside unless there is a significant earnings beat and positive guidance [5]. Guidance Importance - Guidance is crucial, especially as it pertains to the upcoming holiday season, which is a key period for sales [3]. - Expectations for earnings next year are around $250 million, with potential upside if earnings exceed this significantly [5]. Market Share and Competition - The company is not currently gaining market share from competitors like Hoka or OnQ, but there are expectations for future gains [4]. - The company has a global business model, with only 44% of sales coming from North America, providing some insulation from tariff impacts [4].

Asia’s top two trading powers are showing signs of stress as US importers pay higher tariffs on their products https://t.co/Ygmh8Czf6V ...

Cleveland Fed President Beth Hammack told CNBC’s Squawk Box Europe on Monday that the U.S. central bank must keep a restrictive monetary policy stance to bring inflation down to its 2% target. “My forecast is that we’re going to remain above target for probably the next one to two years, and not really getting back down to our objective of 2% until the end of 2027 or early 2028,” Hammack said. At the same time, St. Louis Fed President Alberto Musalem said he is open to additional interest rate cuts, but emp ...

Core Viewpoint - RH, formerly known as Restoration Hardware, faces increasing challenges due to new tariffs imposed on furniture imports, which could exacerbate existing difficulties in the macroeconomic environment [1][2]. Group 1: Tariff Impact - President Trump announced new tariffs effective October 1, including a 30% tariff on imported upholstered furniture and a 50% tariff on kitchen cabinets and bathroom vanities [2]. - RH's stock fell by 3.3% following the tariff announcement, reflecting the company's sensitivity to macroeconomic conditions and a weak housing market [3]. - The company imports 72% of its products from Asia, with significant portions coming from Vietnam (35%) and China (23%), making it vulnerable to tariff impacts [5][6]. Group 2: Supply Chain Adjustments - RH has already begun to adapt its supply chain in response to existing tariffs, reducing its reliance on Chinese imports from 16% to an expected 2% by the fourth quarter [7]. - CEO Gary Friedman indicated that tariffs would shift about 5% of orders from the second quarter to the third quarter, highlighting the operational challenges posed by the tariffs [8]. - The additional tariffs will complicate RH's business further, and Friedman believes that competitors may struggle more with these changes [9].

Company Performance - A growing US presence is helping the company avoid Trump's tariffs [1] - The company is one of the best performers in Britain's midcap stock gauge [1]

Labor Market & Economic Data - The August jobs report showed employers hired only 22,000 people, prompting the Federal Reserve to consider rate cuts [1] - A potential government shutdown could lead to a news and data blackout, impacting the release of key economic reports like the jobs report and the consumer price index [2] - The employment report is considered the single most important piece of economic information, influencing markets, stock trades, and Federal Reserve policy [4] - Ambiguous economic data creates uncertainty, making each new data point vital for investment and employment decisions [5] Political & Policy Impacts - Concerns are raised about the potential for political interference with economic data, particularly if it contradicts the administration's narrative [6][7] - Tariffs and mass deportations are highlighted as potentially inflationary policies, with scrutiny on whether they are receiving adequate criticism [9] - The impact of potential tariffs on foreign-made films is questioned, especially for an industry still recovering from the pandemic [12] - Tariffs are viewed as a tool for projecting strength rather than sound economic policy, potentially leading to retaliatory actions [14][15] Economic Sentiment & Midterm Elections - Economic anxiety is rising due to tariffs, labor market conditions, and interest rates, potentially impacting the upcoming midterm elections [16] - Affordability is a key concern for voters, potentially influencing their decisions regardless of political gerrymandering [17] - The resilience of the American economy is questioned in the face of disruptive policies, with uncertainty about the long-term effects [19] Legal & Financial Settlements - YouTube agreed to pay almost $25 million to settle a lawsuit related to the suspension of Trump's account, raising concerns about potential influence and future demands [20] - Settlements with the president are characterized as a form of "renting" rather than "buying," suggesting the possibility of further demands [21][22] GDP & Economic Claims - The White House reported a GDP growth of 38% in the most recent quarter [23] - A claim by the Commerce Secretary that Biden's economy never reached 3% GDP growth was fact-checked and found to be false [24]

Core Viewpoint - The White House has implemented a low tariff on timber and lumber imports while imposing a significantly higher tariff on furniture and kitchen cabinets [1] Group 1 - The tariff on timber and lumber imports is set at a relatively low rate [1] - A significantly higher tariff has been established for furniture and kitchen cabinets [1]

Asia's economies grew at a solid pace in the first half, but that momentum will slow as tariffs take effect, the Asian Development Bank said. ...

Indian business will soon feel the pain of Trump's tariffs. Will Modi pay the price, asks @mihirssharma (via @opinion) https://t.co/0maREakKZj ...