May 21, 2024 Last Updated 13:19 PM EDT

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Woolworths considers pulling out of Masters, following a Lowe’s buyout

The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.

Latest Stories

Freddie Mac Sees Limited Rate Cuts, Dampening Housing Hopes

For those who are purchasing a home, the year has been difficult thus far because of the combination of rising loan rates and high housing costs. Regretfully, there might not be much respite for the rest of 2024.

Target Cuts Prices on Thousands of Essentials as Inflation Pinches Budgets

As inflation bites into household budgets and more Americans become more frugal with their purchasing, Target intends to lower prices on thousands of consumer staples this summer, ranging from milk to diapers.

Spaving Trend Explained: Are You Spending More to Save Less?

"Spaving" is a rebranded term for an old "trap" that is affecting grocery shops, merchants, and even online casinos: spending more to save money.

US Consumers Putting Off Purchases for Pools, Mattresses Due to Inflation

As high inflation and interest rates hurt, Americans are delaying some more expensive, traditionally financed purchases.

Homeownership Strained by 25% Property Tax Hike, Soaring Insurance Costs

The increase in property taxes and homeowners' insurance costs is a growing threat to homeowners' financial stability and decision-making processes

Must Read

US Considers Strategies to Address Rising National Debt

Government debt has increased by about 50% since the beginning of the Covid pandemic, causing concern in Washington and on Wall Street.

Survey Shows Women Are Generous Diners, Spotting Friends $24 on Average

The average amount of money American women would spend for a friend's dinner was $24.

Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.

Tight Grad Market? Here's How to Get Hired (On a Budget!)

A survey from the National Association of Colleges and Employers states that employers intend to recruit 5.8% fewer recent college graduates from this year's class than they did from the class of 2023.

Build Lasting Wealth with These Expert-Backed Passive Income Idea

There are still some proven passive income techniques available that yield positive results.

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