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Lowe’s Posts $2.4 Billion Q2 Profit as Online Sales Jump 15.7%
Lowe’s total sales rose to $26.0 billion, but comparable sales increased just 0.2% as stronger Pro, home services and online demand offset continued DIY pressure.
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Personal Finance Writer
ActiveRobert Paulsen has spent more than a decade writing about the financial choices people make in everyday life. His work covers income, spending, saving, debt and long-term goals, with close attention to the circumstances that can make the same advice sensible for one household and unsuitable for another.
Personal finance is often reduced to slogans: spend less, save more, avoid debt, follow a fixed rule. Robert looks beyond those formulas. He examines the trade-offs behind a decision, the priorities it serves and the costs or constraints that may not be obvious at first glance.
At MarketReview, his articles are intended to help readers organise choices around their own needs rather than an idealised financial plan. He does not treat good personal finance writing as a list of instructions; he treats it as a way to make the reasoning behind competing options clearer.
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Lowe’s total sales rose to $26.0 billion, but comparable sales increased just 0.2% as stronger Pro, home services and online demand offset continued DIY pressure.
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Klarna cut its 2026 GMV forecast to between $149 billion and $151 billion from more than $155 billion even as second-quarter revenue rose 27% and net income reached $9 million.
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The deal brings Omnetics’ miniature high-reliability connector business into Arxis’s Electronic Components segment, with former shareholders receiving about 3.1% of Arxis common stock.
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The all-cash deal is priced at 17.4 times expected 2027 adjusted EBITDA after assumed synergies, with TTM targeting non-GAAP EPS accretion during 2028.
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Egypt bought a record 4.72 million metric tons of local wheat in the 2026 season, about 20% more than last year but below the 5 million-ton headline target.
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The Senior Citizens League lowered its 2027 estimate to 3.6% after July CPI-W inflation eased to 3.4%, but August and September data will determine the official adjustment.
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U.S. retail sales fell for the first time in nine months in July, while a GDP-linked control-group measure also declined 0.4%.
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Initial unemployment claims rose by 9,000 in the week ended Aug. 8, but the four-week average held at 199,000 and continuing claims declined.
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The benchmark pushed above 7,800 in morning trading after July producer prices were flat and crude oil fell sharply, easing some of the market’s rate-hike concerns.
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