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Its the first time they have closed a store due to poor performance. Announced Thursday that it is shuttering 15 of them amid a slumping U.S. Economy and housing market. The move will affect 1,300 employees. It is the first time the world’s largest home improvement store chain has ever closed a flagship store for [...]

You know, deleveraging by its nature takes a lot of time, a lot of pain. And the consequences kind of roll through in different ways. Now, I dont invest a dime based on macro forecasts, so I dont think people should sell stocks because of that. I also dont think they should buy stocks because [...]

For the size and stature of HSBC, it’s absolutely punching below its weight, said Louise Cuming, head of mortgages at price comparison site Moneysupermarket.com. This will buy them market share very quickly … Lenders have withdrawn thousands of products and raised rates as their funding costs have jumped and as the housing market and economy [...]