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Delaying DIYs: Home Depot warned of a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday, as weak discretionary spending dampened expectations of a recovery in consumer sentiment this year. Customers have delayed big projects such as flooring and kitchen cabinets due to higher borrowing costs and steep inflation, even as higher mortgage rates and home prices hurt new home sales. Read more from Reuters.
Trading lower: U.S. crude oil prices fell 2% on Tuesday, as slowing global demand overshadows tensions between Iran and Israel. OPEC on Monday lowered its demand growth forecast by 135,000 barrels per day this year citing softness in China. Read more from CNBC.
Honored: LWCC named Mohit “Mo” Vij as its latest Champion of Louisiana this week. Learn more about Vij’s efforts to elevate the state.
