In early European trade, the U.S. dollar experienced a slight dip, although it was still set to record its biggest weekly increase in over a month. This rise was attributed to diminishing hopes of a prompt Federal Reserve rate cut. The Dollar Index, which monitors the dollar against a basket of other currencies, saw a
Sales
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
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit alleges that Live Nation maintains a monopoly in the ticketing industry, which is said to harm fans, artists, smaller promoters, and venue operators. Attorney General Merrick Garland stated
In the current market landscape where the S & P 500 and the Nasdaq Composite are thriving, small-cap stocks have been overlooked. However, investors seeking income opportunities may find hidden gems within the Russell 2000 index. According to Jill Carey Hall, an equity strategist at Bank of America, a significant number of small-cap stocks now
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
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,
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
Learn the best strategies for using social media to increase sales for your online store. Tips, insights, and tactics to boost profitability.
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
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