U.S. stock-market indexes traded moderately higher yesterday ahead of a highly anticipated summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore and a litany of potentially market-moving central-bank meetings.
Home Depot plans to spend $1.2 billion over the next five years to speed up delivery of goods to homes and job sites as the rise of online shopping resets consumer expectations. The home improvement retailer will add 170 distribution facilities across the U.S. so that it can reach 90% of the U.S. population in one day or less.
U.S. factory orders fell by 0.8% in April, somewhat higher than expected. Economists had forecast a 0.5% drop. The decline was concentrated in commercial aircraft. Orders for nondurable goods also rose slightly.
The International House of Pancakes AKA IHOP is probably getting exactly what it wanted when it decided to change the name of the pancake chain to IHOb to celebrate its launch of a new line of burgers. The company changed the P to B for burgers and has been getting plenty of press. It seems gimmicks are the new form of marketing…