Dick’s Sporting Goods has seen a surge in customer spending on new sneakers and athletic gear, resulting in a significant boost to its overall earnings. The retailer reported a 5.3% growth in comparable sales during its fiscal first quarter, surpassing analysts’ expectations by a wide margin. This growth was driven by increased transactions and higher
boost
The integration of artificial intelligence (AI) in various industries has increased the demand for power to support data centers and other technological infrastructure. This shift has led to a surge in the market for power management stocks, with companies like Eaton gaining attention from Wall Street analysts. The Rise of AI and Power Management As
The sales of newly built homes in April saw a significant drop of 4.7% compared to March and a larger decrease of 7.7% from the prior year, according to the U.S. Census. This decline has been attributed to higher mortgage rates, which have been hindering potential buyers from entering the market. In March, the average
As we delve into the realm of decentralized finance (DeFi) in the year 2024, it is evident that a significant surge of capital has been flowing into this sector. According to the latest report by Binance Research, the total value locked (TVL) in DeFi has experienced a staggering 75.1% increase year-to-date, soaring from $54.2 billion
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
Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This decision comes as a result of the company facing significant debt and long-term leases, which have weighed it down. In a statement, the company mentioned having a “stalking horse bid” from its existing lenders to buy the company, unless a higher
Phoenix seems to be making strides towards winning the battle against inflation compared to other cities. Recent data shows that when rental prices decrease, overall inflation tends to follow suit. In Phoenix, consumer prices rose by 2.6% from April 2023 to last month, which is slower than the national average of 3.4% and lower than
Virginia Beach recently entered the municipal bond market to secure funding for a surf park development project supported by Pharrell Williams. The Virginia Beach Development Authority successfully priced approximately $189 million in debt, with the bond proceeds going towards the construction of various facilities for the Atlantic Park project. This includes a 3,500-person entertainment venue,
The U.S. dollar has seen a slight increase in value in European trade, despite facing a significant weekly fall due to cooling inflation and weak retail sales. The Dollar Index, which tracks the greenback against a basket of six other currencies, is currently trading 0.2% higher at 104.580. This comes after a period of decline
After a lengthy period of negotiations and multiple short-term extensions, the House passed a bipartisan $105 billion Federal Aviation Administration (FAA) bill. The approval came just in time, as the agency‘s spending was set to run out two days later. This bill, with a 387-26 vote, includes a substantial increase in the Airport Improvement Program