Understanding why we feel compelled to buy Bradley Ruffle, an economics professor and the academic director of McMaster University’s Decision Science Laboratory, says homeownership is often seen as a status symbol. From a behavioural economics perspective, which draws on both psychology and economics to uncover why people spend the way they do, it’s pretty clear… Continue reading Why we feel pressured to buy a home, even if it’s not the right choice for us
Stock Market Today: Stocks Finish Mixed After Bank of Canada’s Surprise Rate Hike
Stocks started Wednesday higher but retreated as the session wore on as a surprise rate hike from the Bank of Canada lifted expectations the Federal Reserve will hike interest rates at its upcoming meeting. Not helping matters was a spike in Treasury yields, which had an outsized effect on tech stocks. “The Bank of Canada… Continue reading Stock Market Today: Stocks Finish Mixed After Bank of Canada’s Surprise Rate Hike
China’s state-run banks cut deposit rates to stimulate sluggish economic growth
Six Chinese state-run banks cut their deposit rates, Bloomberg reported. This will eventually ease lending rates, prompting more borrowing among consumers and businesses. But China may still have to introduce other stimulus policies to incite further growth. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading China’s state-run banks cut deposit rates to stimulate sluggish economic growth
The ‘mother of all melt-ups’ in stocks could be quickly followed by a meltdown as the bubble in overvalued names pops, Ed Yardeni says
Stocks could face a meltdown as the bubble in firms riding the AI excitement pops, Ed Yardeni said. The current bull market in stocks is unusual, as they typically begin when valuations for firms are low, he said. “The problem with melt-ups is that they almost always invariably are followed by meltdowns.” Loading Something is… Continue reading The ‘mother of all melt-ups’ in stocks could be quickly followed by a meltdown as the bubble in overvalued names pops, Ed Yardeni says
GameStop plunges 22% after company fires its CEO and names meme-stock activist Ryan Cohen as executive chairman
GameStop plunged 22% on Thursday after the video game retailer fired its CEO and reported a quarterly revenue decline.GameStop had hired its now ex-CEO from Amazon in a bid to turn around the struggling retailer.The company said its largest investor, Ryan Cohen, would be named executive chairman. Loading Something is loading. Thanks for signing up!… Continue reading GameStop plunges 22% after company fires its CEO and names meme-stock activist Ryan Cohen as executive chairman
Real-estate tycoon Jeff Greene made $800 million shorting the last housing bubble. He explains how John Paulson inspired the contrarian bet, and how he’s protecting his wealth today.
Jeff Greene told the story of his lucrative wager against the mid-2000s housing bubble to Insider. John Paulson told Greene about his iconic trade, which “Big Short” investor Michael Burry also made. The real-estate billionaire shared how he’s protecting his wealth against a potential downturn. Loading Something is loading. Thanks for signing up! Access your… Continue reading Real-estate tycoon Jeff Greene made $800 million shorting the last housing bubble. He explains how John Paulson inspired the contrarian bet, and how he’s protecting his wealth today.
Commercial real estate has a rough road ahead as lending dries up, Wall Street CEO says
Commercial real estate faces higher borrowing costs and tighter lending, Howard Lutnick said. The BGC Partners CEO warned those factors may spell trouble for the embattled industry. He told CNBC that US stocks will also be weighed down slightly. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Commercial real estate has a rough road ahead as lending dries up, Wall Street CEO says
Stock Market Today: Small-Cap Stocks Lead in Low-Volume Session
It was another low-volume session for most stocks Tuesday, with many investors in wait-and-see mode ahead of next week’s Fed meeting. Still, there was plenty of action to be seen elsewhere, including a major rally in small-cap stocks and continued upheaval in the cryptocurrency space. On the heels of Monday’s headlines that the Securities and… Continue reading Stock Market Today: Small-Cap Stocks Lead in Low-Volume Session
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