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Home Depot Lowers Its Comparable Sales Outlook

KEY TAKEWAYS Home Depot shares edged lower in early trading Tuesday despite a second-quarter earnings beat as the home-improvement giant lowered its 2024 comparable sales guidance. Home Depot now sees full-year comparable sales down 3% to 4% from fiscal 2023, worse than its previous guidance of a 1% decline. CEO Ted Decker said consumers continue…

ByPexecoAugust 14, 20240Comments

Commodities

Gold Shines So Far in 2024 as Central Banks Invest Heavily

KEY TAKEWAYS Gold has been one of the best-performing global assets of 2024, with central banks propelling much of the demand. Global official gold reserves increased by 290 metric tons in the first quarter of the year, the largest first-quarter increase since at least 2000, according to the World Gold Council. More North American professional…

ByPexecoJuly 11, 20240Comments

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Home Depot Lowers Its Comparable Sales Outlook

Gold Shines So Far in 2024 as Central Banks Invest Heavily