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(Reuters) -Home improvement retailer Lowe's posted a smaller-than-expected drop in first-quarter comparable sales on Wednesday, helped by steady demand from construction professionals even as spending on do-it-yourself projects weakened. The home improvement retailer also maintained its annual forecast, joining rival Home Depot, despite tariff-led economic uncertainty that has hurt consumer spending. Atlanta-based Home Depot said on Tuesday it would also not raise its prices, betting on its diversified supply chain and stronger hold in the professional customer base to ride out the market turbulence.

MOORESVILLE, N.C. (AP) — Lowe's Cos. LOW) on Wednesday reported fiscal first-quarter net income of $1.64 billion. The Mooresville, North Carolina-based company said it had net income of $2.92 per share.

Canada's big banks are expected to have shored up loan loss reserves in the second quarter, with four of the big six banks putting aside over C$1 billion to shield against potential loan defaults in a time of trade uncertainty. Large loan loss provisions take away from earning potential, a problem the banks have faced in the past few years as a high interest rate environment made it increasingly more difficult for consumers and businesses to repay loans and borrow money. Two of the big six Canadian banks - Bank of Montreal and TD Bank - are expected to show a fall in profit while for the other four banks earnings are expected to grow 7.9% on average, according to Reuters calculations.

The automaker’s CEO says the current production of two models in South Carolina “will not be enough to fill the factory.”

A new report by Goldman Sachs finds that while larger tax cuts will yield a bigger growth boost, the drag on economic growth from tariffs will offset that gain.

Savings interest rates available today are well above historical norms. Find out where to get the best savings account rates.

This year and next year will be historic ones for Bitcoin. Bitcoin (CRYPTO: BTC) is far from being an asset that's only upwardly mobile during fits of speculative frenzy. Bitcoin's issuance is coded per its protocol to halve roughly every four years; the last halving happened in April 2024.

Financial conditions, stablecoin flows and other key metrics point to stronger foundation compared to the December-January twin peaks.