September 19, 2024
Lowe’s cuts outlook, EU lowers planned tariffs on Teslas: Yahoo Finance #NewsUnitedStates

Lowe’s cuts outlook, EU lowers planned tariffs on Teslas: Yahoo Finance #NewsUnitedStates

CashNews.co

Home improvement retailer Lowe’s reported second quarter earnings that topped estimates, but sales missed expectations. The company lowered its full-year forecast citing the current economic environment as well as growing weakness in customer DIY projects. The European Union has put planned tariffs on Teslas in reverse. The EU saying it would lower planned tariffs on Teslas made in China from 20.8% to 9%, while also lowering duties on other Chinese firms. Yahoo Finance trending tickers include Advanced Micro Devices, Palo Alto Networks, and CrowdStrike.

Key guests include:
9:30 a.ml ET – Ahmed Riesgo, Insigneo Chief Investment Officer
10:15 a.m. ET – Abby Yoder, J.P. Morgan Private Bank U.S. Equity Strategist
11 a.m. ET – Anthony Saccaro, Providence Financial & Insurance Services President
11:15 a.m. ET – Joe Brusuelas, RSM Chief Economist