In an unexpected twist, February saw a 4.2% increase in previously owned home sales, reaching an annualized rate of 4.26 million units, as reported by the National Association of Realtors (NAR). This rise comes as a surprise against the backdrop of industry predictions, which had anticipated a 3% decline in sales. Nevertheless, the year-on-year comparison
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In a market where the culinary giants are often scrutinized under an unforgiving lens, Darden Restaurants recently found itself grappling with unsatisfactory sales figures. The company, which operates the well-known Olive Garden and LongHorn Steakhouse brands, reported fiscal third-quarter results that fell disappointingly short of Wall Street’s forecasts. Analysts had anticipated a stronger showing, which
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In a striking development, the American Federation of Teachers (AFT) is taking legal action against the U.S. Department of Education, challenging its recent termination of affordable repayment options for student loan borrowers. This lawsuit underscores the fundamental conflict between the government’s actions and the mounting crisis faced by millions of individuals saddled with educational debt.
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Recent figures from Tencent paint a striking picture of growth amid an intensely competitive landscape in the Chinese tech sector. The fourth quarter of 2024 revealed a staggering revenue of 172.4 billion Chinese yuan (approximately 23.9 billion USD), surpassing market expectations. This 11% year-on-year increase can largely be attributed to the soaring gaming and advertising
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The recent announcement by Banco Santander’s UK division about the closure of 95 branches and the impending redundancy of 750 staff members epitomizes a rapidly changing banking landscape. As customers flock to digital solutions, the necessity of traditional banking manifests less pronounced than in previous decades. Santander’s reported 63% surge in digital transactions underscores the
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As we progress through the 21st century, the escalating costs of higher education have become a formidable obstacle for countless families. Particularly for those earning less than $200,000 annually, the burden of tuition can feel insurmountable. The latest move from esteemed institutions like Harvard University to offer free tuition to undergraduates from families within this
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