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PG&E says the birds have caused six outages in Cambria since July by making power lines swing into contact with one another.

The collection includes a full-scale replica of the Oval Office, the Situation Room, the office of the Soviet leader and the wall of the Hilton Hotel where Reagan was shot, along with hundreds of artifacts from the film.

New technology on an iconic California highway that runs through Malibu is set to annoy speeding drivers soon.

An 81-year-old Animal Planet star was mowed down in front of a childhood pal in a hit-and-run after pulling over to the side of a highway to look at a snake, according to a report.

The Rangers bolstered their defensive depth on Wednesday.

La-Z-Boy Crashes Most Since 2022 As Frozen Housing Market Crushes Sofa Demand

La-Z-Boy shares suffered their steepest decline in 4.5 years on Wednesday after the furniture maker's second-quarter guidance missed expectations, providing even more evidence that weak housing turnover has suppressed demand for big-ticket discretionary goods such as sofas and recliners. With mortgage rates elevated and home prices near record levels, affordability remains severely stretched, keeping transaction volumes depressed, thus limiting replacement purchases that typically drive furniture demand.

La-Z-Boy forecasted second-quarter sales of $475.7 million, down 3% from a year earlier and well below the $537 million average analyst estimate tracked by Bloomberg. It forecast an adjusted operating margin of 3.9% to 4.8% and a reported operating margin ranging from negative .4% to 4.5%.

KeyBanc Capital Markets analyst Bradley Thomas said the company issued sales and implied earnings guidance below consensus, pressured partly by continued investment.

The soft guidance followed a weaker-than-expected first quarter. Adjusted earnings came in at 43 cents a share, compared with 47 cents one year ago and below the 49-cent analyst estimate. On a reported basis, La-Z-Boy lost 6 cents a share, compared with earnings of 44 cents a year earlier. 

Sofas and recliners are considered highly deferrable purchases - non-essential goods. The stock's 14% plunge suggests investors view the dismal evidence as further evidence that households are delaying discretionary spending and that the trend will persist, with the 30-year fixed mortgage rate remaining around 6.7%.

The broader read-through is that dismal housing conditions have also dampened home-improvement demand at Home Depot and Lowe's, as confirmed in this week's earnings. Wayfair, RH, and Williams-Sonoma have also experienced sluggish demand for big-ticket household items. 

La-Z-Boy is another canary in the coal mine, warning that America's frozen housing market continues to dampen consumer demand for big-ticket items. Last week, July retail sales were a major disappointment, with discretionary categories seeing sharp pullbacks. This all comes as the national average for gasoline at the pump is over $4 per gallon, continuing to dent consumer sentiment.  

Tyler Durden Wed, 08/19/2026 - 11:10

Former CNN anchor Brooke Baldwin says she craves “more intimacy” in her relationships -- and gave The Post a clue about the next steps in her career.

Margot Robbie films in Paris, Tom Brady delivers a commencement address and more snaps...

Margot Robbie films in Paris, Tom Brady delivers a commencement address and more snaps...

Atlanta Dream forward Angel Reese said she had a "very tough" night replaying her missed game-winning layup attempt in her team's 95-91 overtime home loss to the Fever on Sunday.

The remains are believed to be those of a man who may have been sacrificed during a ritual in which a canal linked to a ceremonial pool was closed.

What does “clean” formula actually mean? A pediatrician explains.

The PGA Tour’s biggest stars head to Bellerive Country Club this week for the BMW Championship. 

It took him one professional game to match his dad's career home run output.

"She has no idea. I am so happy for her, she deserves it," Haack said of the lavish gift.

"She has no idea. I am so happy for her, she deserves it," Haack said of the lavish gift.

Jennifer Affleck from “Secret Lives of Mormon Wives” caught up with our “Virtual Reali-Tea” co-hosts Danny Murphy and Evan Real to dish on her new partnership with Quest. Of course, we had to ask her about the new SLOMW spin-off in Orange County and Julianne Hough’s shady comment from her time on “Dancing with the...

Jennifer Affleck from “Secret Lives of Mormon Wives” caught up with our “Virtual Reali-Tea” co-hosts Danny Murphy and Evan Real to dish on her new partnership with Quest. Of course, we had to ask her about the new SLOMW spin-off in Orange County and Julianne Hough’s shady comment from her time on “Dancing with the...

“We are committed to obtaining justice for Lucy by holding Franklin Sports accountable."

A treat two thirds of Americans — and most kids — enjoy every day is linked to stomach cancer, new research shows.