In recent years, the sport of pickleball has seen unprecedented growth throughout America. According to a report by the Trust for Public Land, the number of outdoor public park pickleball courts in major cities has increased by a staggering 650% over the past seven years. This growth has led to the installation of more than
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The housing market has seen its fair share of ups and downs, with April presenting its own set of challenges. According to the National Association of Realtors, sales of previously owned homes fell by 1.9% in April, coming in at 4.14 million units on a seasonally adjusted annualized basis. This decline was unexpected, as the
The U.S. dollar remained relatively stable on Wednesday, with the Dollar Index trading marginally higher at 104.600. Traders are eagerly awaiting the release of the minutes from the last Federal Reserve meeting for insights into the future path of U.S. interest rates. Despite recent speculation about potential rate cuts following soft consumer inflation data, Fed
Nvidia, the $2.3 trillion chipmaker, has been a key player in driving the performance of U.S. equities, particularly in the semiconductor sector. With a significant weighting in the popular VanEck Semiconductor ETF (SMH), Nvidia’s performance has a direct impact on the overall market trends. The company’s focus on artificial intelligence has propelled its stock by
The recent trends in public-private partnership (P3) activity in the United States have been unsettling, with a noticeable decline in such partnerships last year. Despite this setback, the longtime trajectory of a growing number of P3s remains intact, indicating a promising future with a robust project pipeline and infrastructure funds seeking investment opportunities. The southeastern
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
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
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