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Millions of people forced to work from their homes took on new projects and Home Depot is supplying a lot of the material. At Home Depot stores open at least a year, sales surged an remarkable 25% in the U.S. during the second quarter. Overall revenue for the Atlanta company hit .05 billion, far exceeding the .94 billion Wall Street was expecting, according to a Zacks Investment Research survey. It easily topped last year’s revenue of .84 billion for the three months ended Aug. 2. Sales at stores open at least a year climbed 23.4%, globally, trailing only the massive surge in comparable-store sales in the U.S. The overall comparable-store sales were almost twice the 12.2% increase that industry analysts had projected. 744
MEXICO CITY (AP) — President Andres Manuel Lopez Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country's commitment to manufacturing and trade despite recent U.S. threats to close the border entirely.Mexico will slash income and corporate taxes to 20 percent from 30 percent for 43 municipalities in six states just south of the U.S., while halving to 8 percent the value-added tax in the region. Business leaders and union representatives have also agreed to double the minimum wage along the border, to 176.2 pesos a day, the equivalent of .07 at current exchange rates.Lopez Obrador, who took office on Dec. 1, said the idea is to stoke wage and job growth via fiscal incentives and productivity gains. U.S. President Donald Trump has repeatedly complained that low wages in Mexico lure jobs from the U.S. Mexico committed to boost wages during last year's negotiations to retool its free trade agreement with the U.S. and Canada.Speaking from Ciudad Juarez, a manufacturing hub south of El Paso, Texas, Lopez Obrador said Saturday he agrees with Trump that Mexican wages "should improve." He decried, for instance, that Mexican auto workers earn a fraction of what their U.S. counterparts take home, topping out at just an hour versus a typical wage of an hour in the U.S.Yet the economic plan comes at a delicate moment for the border region. Trump threatened as recently as last week to close the U.S.-Mexico border "entirely" if Democrats refuse to allot .6 billion to expand the wall that separates the two countries.Economy Minister Graciela Marquez noted Saturday that the border region targeted for economic stimulus accounts for 7.5 percent of Mexico's gross domestic product. And in recent years, she said, the 43 municipalities included in the plan have boasted combined economic growth of 3.1 percent, above the national average of 2.6 percent for the six years through 2017.Much of that robustness owes to trade and proximity with the U.S., the world's biggest economy."We have to take advantage of this locomotive that we have on the other side of the border," she said.Marquez expressed optimism that the stimulus plan will direct more Mexican and foreign investment into the border region. The plan for the border region is part of what Lopez Obrador calls "curtains of development" to shore up different corridors of the country so that Mexicans stay rather than migrating in search of better economic prospects. 2543
MARSHALL, Minn. — A couple in Minnesota wore red face masks emblazoned with swastikas to a Walmart in a video posted on social media.Police were called Saturday to the Walmart in Marshall, in the southwest part of the state, on a report that two shoppers were wearing the mask with the symbol used by the Nazi Party.The Star Tribune reports another shopper, who is a vicar of a southwest Minnesota parish, posted a video on Facebook of the man and woman being confronted by others in the store."If you vote for Biden you're gonna be in Nazi Germany. That's what it's going to be like," one of the masked shoppers said in the video, which was posted to Facebook.Marshall police gave the couple no-trespass notices but did not cite or arrest them.Walmart says the Arkansas-based retailer "will not tolerate any form of discrimination or harassment" in its business."What happened today at our store in Marshall, MN is unacceptable. We strive to provide a safe and comfortable shopping environment for all our customers and will not tolerate any form of discrimination or harassment in any aspect of our business," the store said in a statement to KARE-TV in Minneapolis. "We are asking everyone to wear face coverings when they enter our stores for their safety and the safety of others and it's unfortunate that some individuals have taken this pandemic as an opportunity to create a distressing situation for customers and associates in our store."USA Today reports that Walmart's no-trespass notices means the pair won't be able to step inside their stores for a year. 1577
MANDEVILLE, Louisiana — If you've been putting off tidying up the house, let this serve as an incentive.Harold and Tina Ehrenberg, a couple from Mandeville, Louisiana, were cleaning up for Thanksgiving guests when they found a lottery ticket they'd purchased months earlier. It turned out to be worth .8 million."We have family coming into town for Thanksgiving, so I was cleaning up the house and found a few Lottery tickets on my nightstand that we hadn't checked," Tina Ehrenberg said in a statement released by the Louisiana Lottery.It's a good thing the couple found the ticket when they did. The drawing was June 6. Theirs was the only winning ticket.Had they waited two more weeks, they'd have gotten zip; the window to claim the prize — 180 days — would have closed.The pair said they couldn't believe their good fortune."I called the winning numbers hotline over and over," Tina Ehrenberg said.Added Harold Ehrenberg: "We kept checking the numbers again and again!"After taxes, the couple took home .2 million, which they plan to put toward retirement."We don't have any plans to buy anything crazy or go on any big trips," Tina Ehrenberg said."The most fun," her husband added, "is going to be depositing that check." 1239
MANAGUA, Nicaragua — Hurricane Iota is moving across northern Nicaragua with hurricane strength winds of around 85 mph after making landfall as a dangerous Category 4 storm. Iota came ashore along almost exactly the same stretch of Nicaragua’s Caribbean coast that was devastated by an equally powerful Hurricane Eta just 13 days earlier. Iota had intensified into an extremely dangerous Category 5 storm during the day Monday, but the U.S. National Hurricane Center says it weakened slightly as it neared the coast late Monday and made landfall with maximum sustained winds of 155 mph (250 kph). Eta’s torrential rains saturated the soil in the region, meaning Iota's rains have nowhere to go and could cause deadly landslides.In their 7 a.m. update, the National Hurricane Center said Iota is expected to create "flash flooding, landslides, life-threatening storm surge and powerful winds across portions of Central America Tuesday."The NHC says Iota is moving west, further inland, and will move across Honduras Tuesday night into Wednesday. Hurricane Eta, after making landfall in Nicaragua, spun back out east into the Gulf of Mexico where it regained strength and dropped torrential rains on the western side of Florida and up into the southeast states of the U.S. Iota is expected to continue heading west across Central America, reaching El Salvador and southern Guatemala. 1390