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Lowe’s, a well-known home improvement retailer, recently released its quarterly earnings report, surpassing Wall Street’s expectations for both earnings and revenue. Despite a decrease in sales and a shift in customer purchasing habits towards lower-priced items, Lowe’s managed to outperform its rival, Home Depot. This indicates a potential resilience in the face of market challenges,
Hex Trust Group, a crypto custodian based in Hong Kong, has recently introduced its native decentralized stablecoin, USDX, on the Flare blockchain. This stablecoin, backed 1:1 by the U.S. dollar, serves as a fundamental component of decentralized finance (DeFi) on Flare. The reserves for USDX are primarily held in 1-3 month Treasury Bills by regulated
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China’s recent policy changes to support the real estate market have garnered attention from analysts, who believe that these moves will take time to yield results. S&P remains cautious in its outlook, sticking to the belief that the property market is still in a state of flux. Edward Chan, director of corporate ratings, highlighted the
The dollar remained strong in the markets on Tuesday, with the yen struggling to stay above the 156 level. Despite this, trading remained mostly rangebound as investors maintained their expectations regarding the Federal Reserve rate cuts this year. The tight range in the yen was attributed to fears of intervention from Japanese authorities, which prevented
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Home renovation activity has slowed down compared to the hectic pace during the pandemic, but homeowners are still focusing on investing in their homes, especially as the spring housing market begins to heat up. According to the 2024 Cost vs. Value report from Zonda Media, certain home improvement projects are now offering historically high returns
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After a prolonged back-and-forth, the state of Virginia has finally reached a resolution on its budget approval process. The two-year, $188 billion budget was officially approved after a special session in the General Assembly, with the House of Delegates voting 94-6 and the Senate voting 39-1 in favor of the measure. This approval was made