Earnings

Home Depot posts strong profit, revenue

Home Depot is reporting better than expected profit and revenue for the first quarter, though bad weather early in the year and an extra week in the previous fiscal year dampened the home improvement retailer's comparable store sales Those sales, watched closely by industry analysts, rose 2.5%, short of the 4.2% they were expecting, according to a survey by Zacks Investment Research.

Business Highlights

___ Countertops and rubber bands: US pursues obscure trade cases WASHINGTON (AP) — President Donald Trump's high-profile trade offensives have grabbed headlines and rattled financial markets around the world.