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Home Depot Q2 Results Rise, Backs FY26 View; Expands Express Delivery
Home Depot, Inc., the world's largest home improvement retailer, reported Tuesday higher second-quarter profit, with growth in comparable sales. Further, the firm maintained fiscal 2026 outlook. Separately, Home Depot announced the nationwide rollout of Express Delivery.
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22 days ago
U.S. Import Prices Unexpectedly Decrease In July As Fuel Prices Plummet
The Labor Department released a report on Tuesday showing an unexpected decline in import prices in the U.S. in the month of July. The report said import prices fell by 0.4 in July following a revised 0.3 percent decrease in June. Economists had expected import prices to inch up by 0.1 percent compared to the 0.3 percent increase originally reported for the previous month.
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22 days ago
U.S. Industrial Production Rises Slightly Less Than Expected In July
While the Federal Reserve released a report on Tuesday showing industrial production in the U.S. rose by slightly less than expected in the month of July, the report also showed an upward revision to the increase seen in June.
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22 days ago
Bay Street Likely To Open On Weak Note
Bay Street looks headed for a weak start on Tuesday amid rising tensions in the Middle East and fading hopes of U.S. and Iran arriving at a lasting peace deal anytime soon.
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22 days ago
U.S. Import Prices Unexpectedly Decrease In July
The Labor Department released a report on Tuesday showing an unexpected decline in import prices in the U.S. in the month of July.
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22 days ago
U.S. Housing Starts Plunge Much More Than Expected In July
New residential construction in the U.S. plummeted by much more than expected in the month of July, according to a report released by the Commerce Department on Tuesday.
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22 days ago
Wall Street May Open Weak; Economic Data In Focus
Lower futures and rising concerns about U.S.-Iran tensions point to a weak start on Wall Street Tuesday morning. A slew of economic data due this morning will provide some direction to the market.
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22 days ago
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UK Labor Market Shows Signs Of Cooling
The UK unemployment rate remained stable at 4.9% in the three months to June, while job vacancies fell by 6,000 and payroll employment declined 94,000 year-over-year, signaling weakness in the labor market.
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22 days ago
Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the European session on Tuesday.
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22 days ago
Baidu Shares Drop On Weak Q2 Profit, Despite AI Strength; To Invest More In AI
Shares of Baidu Inc. were losing around 6 percent in the pre-market activity on Nasdaq after the Chinese AI and internet company reported Tuesday sharply lower profit in its second quarter with weak revenues mainly in online marketing business, despite improved performance in Core AI-powered Business. Going ahead, the company aims to invest in AI as the core driver of its long-term growth.
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22 days ago
German Economic Sentiment Hits 6-Month High
German economic confidence rose to a six-month high in August driven by good company results and robust exports, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment advanced to 34.2 in August from 26.3 in July. This was the highest score since February and also better than forecast of 30.1.
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22 days ago
FTSE 100 Flat As UK Stocks Turn In Mixed Performance
The UK stock market's benchmark index FTSE 100 was roughly flat about half an hour before noon on Tuesday as investors largely stayed cautious amid rising U.S.-Iran tensions, and a lack of fresh triggers.
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22 days ago
Indian Shares End Lower For Sixth Straight Session
Indian shares closed lower on Tuesday as rising oil prices and global bond yields amid an apparent impasse in Middle East peace talks rekindled inflation and interest-rate worries.
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22 days ago
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