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49-year-old Home Depot rival closes hardware store, no bankruptcy

Independent hardware stores and cooperative chains like Do it Best, Ace Hardware, and True Value Hardware face extreme competition from major big-box home improvement centers like Home Depot and Lowe’s, which have resulted in the smaller competitors closing their stores when they can no longer compete. Home Depot dominated the home improvement sector with 28%

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Shadow bank Blue Owl caps private credit redemptions after investors try to pull $5.4 billion

Blue Owl Capital moved to limit withdrawals from two of its biggest private-credit funds after investors sought to redeem roughly $5.4 billion in the first quarter. Investors sought to pull roughly 22% of shares from Blue Owl Credit Income Corp., its flagship $36 billion private-credit fund, and 41% from a smaller, technology-focused vehicle. Blue Owl

Shadow bank Blue Owl caps private credit redemptions after investors try to pull $5.4 billion Read More »