[Tree] Home Depot reports sales decline and warns about the economy

Version 0.14 (2024-08-14 13:01:12.977000)

updates: Includes specific sales decline figures and attributions

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Version 0.13 (2024-08-13 23:01:42.683000)

updates: Home Depot issues warning about the economy, lowers sales expectations

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Version 0.12 (2024-08-09 16:08:31.846000)

updates: Added information about recent earnings reports and concerns about the spending power of lower and middle-income workers, as well as the impact on the US economy and the upcoming presidential election

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Version 0.11 (2024-08-08 11:12:00.983000)

updates: Inclusion of information about whispers of a recession and the state of the American dollar

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Version 0.1 (2024-07-30 22:58:44.325000)

updates: The new information reveals that 70% of Americans believe the economy is getting worse, despite economic growth over the past year. The Gallup poll also shows that 46% of Americans describe current economic conditions as poor. The poll was conducted through telephone interviews with over 1,000 adults nationwide. Additionally, the GDP report indicates that the nation's economy accelerated last quarter at a strong 2.8% annual pace, with inflation easing but still above the Federal Reserve's target. Fed officials are prepared to start cutting interest rates soon.

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Version 0.09 (2024-07-24 18:58:30.192000)

updates: The majority of Americans believe the U.S. is in a recession despite GDP growth

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Version 0.08 (2024-07-23 18:19:08.788000)

updates: Integration of new study showing majority of Americans believe the U.S. is in a recession

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Version 0.07 (2024-07-23 14:11:30.965000)

updates: Integration of survey findings on American perception of the economy during a recession

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Version 0.06 (2024-07-23 14:03:20.604000)

updates: The article from Study Finds reveals that three in five people believe that the U.S. is currently in a recession, even though it is not officially in one according to the financial definition. This belief is driven by factors such as inflation and the rising cost of living, friends and family members complaining about money, noticing friends cutting back on spending, and not being able to pay off credit card debt. Respondents who feel the U.S. is in a recession believe it started over 15 months ago, roughly in March of 2023, and expect it to last until around July of 2025. The current inflation rate is negatively affecting two in three Americans' future plans, including their ability to save and afford upcoming purchases. Americans are adjusting to the economic environment by turning to budgeting and flexible payment options, with 89% prioritizing a predictable monthly budget and 63% preferring to see the total cost of a purchase upfront. More than half of the respondents have used or would use 'buy now, pay later' options, and 48% said the availability of 0% APR pay-over-time offers affects their purchasing decisions.

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Version 0.05 (2024-06-30 18:58:21.568000)

updates: New information on Americans' changing spending habits and the possibility of a consumer-led recession

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Version 0.04 (2024-04-24 15:58:43.767000)

updates: Integration of new information about 'hate spending' and increased consumer spending in early 2024

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Version 0.04 (2024-04-24 15:58:43.767000)

updates: Integration of new information about 'hate spending' and increased consumer spending in early 2024

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Version 0.04 (2024-04-24 15:58:43.767000)

updates: Integration of new information about 'hate spending' and increased consumer spending in early 2024

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Version 0.03 (2024-04-21 10:18:38.664000)

updates: The article from Business Insider reveals that Americans continue to spend heavily, even though they detest high prices [fbafcfcd]. The surge in hate spending can be attributed to factors such as financial stability, resignation to the state of financial affairs, and the desire to live it up after the pandemic [fbafcfcd]. While lower-income households may be struggling, Americans as a whole are in good financial shape [fbafcfcd]. The misalignment between people's stated attitude toward prices and their actual behavior can be attributed to a decoupling between their current situations and their feelings about the future [fbafcfcd]. Additionally, consumerism and the desire for status play a role in hate spending. People are willing to splurge on experiences and luxury items, even if they are more expensive than before [fbafcfcd]. The article suggests that moderation in spending may be on the horizon, but it is unclear when that will happen [fbafcfcd].

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Version 0.02 (2023-12-09 15:51:18.295000)

updates: Integration of information on global consumer patterns and the shift towards sustainable and experiential spending

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Version 0.01 (2023-11-26 15:39:19.179000)

updates: Integration of factors contributing to reduced shopping frequency in 2024

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Version 0.0 (2023-11-24 14:42:33.831000)

updates:

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