Lowe's shares jumped 2% after the company raised its annual sales forecast and surpassed profit expectations. Analysts highlight a growing urgency in the pro distributor market, especially after Lowe's recent acquisition of Foundation Building Materials.
In a stunning turn of events, Chinese automaker BYD has reported annual revenue of 777 billion yuan, surpassing Tesla. With a 29% increase from last year, BYD's rapid development in EVs and new battery technology is reshaping the market landscape.
