Home Depot to raise prices on some items
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Home Depot costs up
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Wall Street braced for results from retail giants as rising concerns over inflation cloud the path to an interest rate cut.
The company's full-year forecast assumes no substantial change in the number of consumers revamping their homes.
Intel rises following an announcement that SoftBank would invest $2 billion in the chip maker, and Home Depot trades higher after maintaining fiscal-year sales guidance.
Three months ago, Home Depot said it didn’t expect prices to rise due to tariffs. Now, that seems likely to change.
Home Depot's Q2 earnings fell slightly short of Wall Street's target, but the company announced some news that has potentially huge implications.
The blue-chip Dow briefly hit a record high on Tuesday, aided by a rise in Home Depot's shares after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a Federal Reserve conference later in the week.
Fedspeak is on the rise ahead of the bank's Jackson Hole summit
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
The home-improvement chain is now one of the companies most caught up in Trump's immigration crackdown. The retailer's history with day laborers is long. So far, it's choosing to keep its distance.
Home Depot said tariffs will soon start hitting some price tags even as consumers continue to hold off on larger projects because of higher interest rates and economic uncertainty.
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