Trump launched a "major" furniture tariff probe to boost U.S. manufacturing. Shares of import-heavy retailers (Wayfair, RH, Williams-Sonoma) fell, while U.S. makers (Ethan Allen, La-Z-Boy) rose. Industry opposes, citing no national security link and harm to U.S. jobs. Consumer prices are already up.
Hertz now sells used rental cars on Amazon Autos in Dallas, Houston, LA, & Seattle. Expanding to 45 locations, this partnership marks Amazon Autos' first rental fleet deal, boosting Hertz's retail ops and aiming for convenience & profit.
Guess? announces a take-private deal valuing the company at ~$1.4B. Authentic Brands Group acquires 51% of Guess? IP; shareholders receive $16.75/share. Marcianos retain operational control. Stock to delist.
Lowe's acquires Foundation Building Materials for $8.8B cash to expand pro reach. Q2 beat earnings ($4.33/share) & revenue ($24B) led to raised full-year sales forecast to $84.5B-$85.5B. Strategic shift to pro market amidst soft DIY.
Estee Lauder projects fiscal 2026 profit below Wall Street estimates, impacted by U.S. & China market weakness and an expected $100M tariff hit.
Nexstar is acquiring Tegna for $6.2B cash ($22/share), expanding its reach to 80% of US homes. This consolidates local media, testing eased regulations and aiming for $300M synergies to compete with Big Tech. Expected to close H2 2026.
