Walmart, Lowe’s Raise Alarm on Trump Tariffs. What Their Warning Means for Markets and 5 Other Things to Know Today.
Retailers post earnings beats, Bitcoin price hits record, Microsoft conference shows AI progress has slowed, and other news to start your day.
Lowe's runs 'scenarios' around proposed Trump tariffs
It's still early, but this retailer is running scenarios of how President-elect Trump's potential tariffs could impact business.
'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs
Major American retailers Walmart ( WMT) and Lowe’s ( LOW) raised concerns that President-elect Donald Trump’s proposed tariffs would make their products more expensive, just as consumers are beginning to recover from the impacts of inflation.
Walmart among US companies raising concerns over proposed Trump tariffs
Tariffs could raise prices on clothing, toys, furniture, appliances, footwear and travel goods, particularly items where China is a major supplier.
Walmart exec warns customers Trump’s tariffs could mean higher prices
Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”
Walmart says prices will 'probably' go up if Trump tariffs take effect
Walmart is the latest company to signal price hikes may be on the way if Donald Trump makes good on his tariffs promise.
Walmart will likely raise some prices if Trump tariffs take effect, CFO says
National Retail Federation CEO Matthew Shay described across-the-board tariffs as “a tax on American families.”
Trump's proposed tariffs would raise prices for these products, experts say
Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on every product imported from all U.S. trading partners. Economists widely forecast that tariffs of this magnitude would increase prices paid by U.
Forbes Daily: Walmart Warns Tariffs Would Likely Increase Its Prices
Wednesday's edition of Forbes Daily covers Nvidia's pre-earnings surge, a Jersey Mike's deal, the source of Dr. Oz's fortune, handling NASA's information and more.
Lowe’s Surpasses Expectations with Strong Q3 Performance and Strategic Growth Initiatives
Analyst Robert Ohmes from Bank of America Securities reiterated a Buy rating on Lowe’s (LOW – Research Report) and keeping the price target at ...
Lowe’s CEO confident in retailer’s ability to manage Trump tariffs after earnings beat
Lowe’s Cos.’ stock was unable to hold early gains Tuesday, after the home-improvement retailer beat third-quarter estimates ...
Lowe’s expecting to end this year with higher sales amid hurricane impacts
The company is expecting to end 2024 with sales between $83 billion and $83.5 billion. This is higher than the previous ...
Optimistic Buy Rating for Lowe’s Amid Solid Q3 Performance and Potential 2025 Recovery
Lowe’s (LOW – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Zachary Fadem ...
Here's What's Driving Lowe's Stock Lower Today
The home improvement retailer is still facing a serious economic headwind.
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Homeless woman arrested following incident at Hopewell Lowe’s
Ashley D. Ward, who is listed as homeless, was arrested around 7:56 p.m. after an investigation by authorities. Ward faces ...
Lowe's beats its quarterly estimates, but negative sales outlook draws focus
Shares of Lowe's are up 20% year to date, compared to the S&P 500's 24% gain, according to Yahoo Finance Data. Rival Home ...
Lowe's Beats on Q3 EPS, Raises Outlook
Lowe's reported mixed earnings for Q3, with revenue slightly surpassing expectations but noting challenges in DIY sales.
Best Lowe’s Coupons Right Now: Save Up To 50%
These are the best Lowe's coupons you can use right now to help kick-start (or finish) your next home project.
Lowe’s Stock Falls After Earnings. It’s ‘Too Early to Call an Inflection Point.’
Lowe’s shares were falling Tuesday as the company’s quarterly earnings report failed to reassure investors that the ...