Daily Archive: May 20, 2022

Who is new White House press secretary Karine Jean-Pierre?

Karine Jean-Pierre made history this week as the first black woman and first openly gay person to be named White House press secretary, replacing her boss Jen Psaki.

Jean-Pierre, 44, who grew up in Queens, will be taking over the top communications job May 13, after spending more than a year working as a deputy press secretary for the Biden administration.

Psaki, 43, announced last month that she will be leaving the White House later in the spring. She is expected to join MSNBC as a political commentator.

In her remarks in the White House Briefing Room on Thursday, Psaki

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Gordon Haskett says home improvement sector has pre-2008 feel (NYSE:HD)

phillyskater/iStock Editorial via Getty Images

The trend in home improvement stocks is bringing back some bad memories, according to Gordon Haskett analyst Chuck Grom.

In a note to clients on Friday broadly downgrading the sector, he explained that while there is reason to remain constructive on many names, the rapid increase in uncertainty pervading the market has completely upended his prognostications.

“Over the past couple of months, the rules of engagement have clearly changed,” Grom wrote. “We are having some déjà vu back to 2006/2007 before the GFC.”

He explained that a confluence of rising rates, a reversion to pre-pandemic

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