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The Federal Reserve maintained its benchmark interest rate again, extending a pause that began in December. Three regional Fed presidents dissented in favor of raising rates as policymakers continued to emphasize elevated inflation.
SiteOne Landscape Supply posted higher second-quarter sales, profit and gross margin as acquisitions, pricing and commercial initiatives offset continued weakness in residential construction and repair-and-upgrade demand.
The manufacturer’s power tools and North American businesses returned to growth, while tariff refunds and productivity gains expanded margins and supported raised 2026 guidance.
The HVACR distributor posted modest sales and residential equipment volume growth as its A2L transition neared completion, while eCommerce sales continued to gain solid traction during the first half.
The major wine and spirits distributor entered bankruptcy after transferring most of its markets to competitors, closing facilities and accumulating hundreds of millions of dollars in unsecured supplier claims.
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The distributor expects to open the facility this fall, adding about 20 employees as it expands its service coverage across West Texas and neighboring New Mexico.
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U.S. durable goods orders increased 0.3% in June, led by computers and electronic products, while orders excluding transportation rose 0.6%. Total orders were up 8.9% year over year and 6.7% through the first half of 2026.
Rexel’s 2Q same-day sales climbed 6.7%, including 7.8% growth in North America, as data center projects, industrial automation and firmer pricing drove broad-based acceleration. The electrical distribution giant raised its full-year sales and profitability outlook.
