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Kohl's misses sales estimates on cautious discretionary spending

Kohl's misses sales estimates on cautious discretionary spending

Aug 26 (Reuters) - Kohl's missed Wall Street estimates for second-quarter sales on Wednesday, as muted consumer spending on discretionary items offset gains from the department chain's turnaround push, sending its shares down about 5% before the bell.
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Department store chain Kohl's misses quarterly sales estimates amid cautious spending

Department store chain Kohl's misses quarterly sales estimates amid cautious spending

Aug 26 (Reuters) - Kohl's missed Wall Street estimates for second-quarter sales on Wednesday, as cautious consumer spending on discretionary items offset gains from the high-end department chain's turnaround push, sending its shares down about 5% before the bell.
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Kohl's reports second-quarter sales miss on weak discretionary spending

Kohl's reports second-quarter sales miss on weak discretionary spending

By Anuja Bharat Mistry and Shania S Thomas Aug 26 (Reuters) - Kohl's missed Wall Street estimates for second-quarter sales on Wednesday, as muted consumer spending on discretionary items offset gains from the department chain's turnaround push, sending its shares down about 7% in premarket trading.
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Kohl's sales dampened by weak discretionary spending, shares fall 8%

Kohl's sales dampened by weak discretionary spending, shares fall 8%

By Anuja Bharat Mistry, Shania S Thomas and Danielle Kaye Aug 26 (Reuters) - Kohl's on Wednesday missed Wall Street estimates for second-quarter sales as muted spending on women's clothing and skincare products offset gains from the department-store chain's push to revitalize the ​business.
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World stocks gain as oil slips on Hormuz hopes ahead of Nvidia results

World stocks gain as oil slips on Hormuz hopes ahead of Nvidia results

By Ankur Banerjee and Johann M Cherian Aug 26 (Reuters) - Global stocks edged up on Wednesday as falling oil prices pushed bond yields lower on hopes that the vital Strait of Hormuz could soon reopen, while investors awaited another pivotal earnings report from AI heavyweight Nvidia.
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European shares flat ahead of Nvidia earnings

European shares flat ahead of Nvidia earnings

By Tharuniyaa Lakshmi Aug 26 (Reuters) - European shares were largely flat on Wednesday as investors braced for Nvidia's earnings report, while hopes that the Strait of Hormuz may reopen soon pushed oil prices lower.
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HP's decline in PC shipments overshadows strong results; shares fall

HP's decline in PC shipments overshadows strong results; shares fall

Aug 26 (Reuters) - HP said on Wednesday its personal computer unit shipments declined in the third quarter, overshadowing the company's strong results and sending its shares down 10% in extended trading.
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Best Buy raises annual forecasts as AI spurs device upgrades

Best Buy raises annual forecasts as AI spurs device upgrades

Aug 27 (Reuters) - Best Buy raised its full-year sales and profit forecasts on Thursday, betting on an AI-fueled device upgrade cycle and growth in newer businesses such as advertising and its marketplace to offset weak discretionary spending.
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US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says

US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says

By Howard Schneider WASHINGTON, Aug 25 (Reuters) - The U.S.
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HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds

HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds

Aug 26 (Reuters) - HP forecast current-quarter profit above Wall Street estimates on Wednesday, a sign that estimated tariff refunds along with price increases on premium and AI-powered personal computers will offset memory chip expenses.
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Walmart Stock Drops 9% Despite Earnings Beat, Signaling Broader Consumer Spending Weakness

Walmart Stock Drops 9% Despite Earnings Beat, Signaling Broader Consumer Spending Weakness

Walmart Stock Drops 9% Despite Earnings Beat, Signaling Broader Consumer Spending Weakness
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European shares climb on softer-than-feared Iran sanctions, defence gains

European shares climb on softer-than-feared Iran sanctions, defence gains

By Tharuniyaa Lakshmi Aug 25 (Reuters) - European shares edged higher on Tuesday as investors took comfort in a softer-than-feared U.S. sanctions package against Iran, while gains in defence stocks boosted sentiment.  The pan-European STOXX 600 was up 0.3% at 656.57 points, as of 0907  GMT.