Wall street experts including Mike Wilson and David Rosenberg have renewed their warnings of an oncoming recession. “I think that by the summer, we’ll start to see a recession unfold,” said Ed Hyman, chairman of Evercore. Here’s a selection of the most recent economic outlooks from investors, analysts and other experts. Loading Something is loading.… Continue reading Stanley Druckenmiller, Mike Wilson and David Rosenberg warn of an oncoming recession. Here are the latest economic outlooks from some of Wall Street’s biggest names.
The housing market has frozen over. Here’s why experts say home affordability isn’t getting better any time soon.
The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider. Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market. But rates are likely to stay high as the Fed keeps an eye on inflation. Loading Something is loading. Thanks… Continue reading The housing market has frozen over. Here’s why experts say home affordability isn’t getting better any time soon.
Stock Market Today: Stocks Slip as Consumer Sentiment Slides
Stocks opened Friday in positive territory, but the price action quickly shifted after a worse-than-expected reading on consumer sentiment. Also weighing on Wall Street’s mood was lingering debt ceiling uncertainty after a meeting between the White House and congressional leaders was delayed until next week. The University of Michigan said its consumer sentiment index plunged… Continue reading Stock Market Today: Stocks Slip as Consumer Sentiment Slides
Quiet Luxury — What is It and Could It Help You Manage Your Money?
What do you think of when it comes to wealth? Perhaps an image of ostentatious bling comes to mind, complete with luxury cars and huge jewels flaunted on social media. But there’s another side to what it means to be wealthy — one of subtlety, refinement and constraint — and while this may not embody… Continue reading Quiet Luxury — What is It and Could It Help You Manage Your Money?
SAFE Banking Act Finds Support as Senate Hearings Begin: This Week in Cannabis Investing
Support for more equitable regulations on cannabis banking, including those found in the SAFE Banking Act, continues to come from the American Bankers Association (ABA) and it has been much appreciated by the cannabis industry. Discussion on the SAFE Banking Act began Thursday in the Senate Banking Committee, and the ABA sent a letter to… Continue reading SAFE Banking Act Finds Support as Senate Hearings Begin: This Week in Cannabis Investing
Warren Buffett’s bank account, Charlie Munger’s oil checks, and an Amazon bestseller: 6 nuggets from Berkshire Hathaway’s annual meeting
Warren Buffett and Charlie Munger let slip some interesting facts during the Berkshire meeting. Buffett likely has over $250,000 in a single bank account, and spotted red flags at First Republic. Munger pockets $70,000 a year from a $1,000 investment he made 60 years ago. Loading Something is loading. Thanks for signing up! Access your… Continue reading Warren Buffett’s bank account, Charlie Munger’s oil checks, and an Amazon bestseller: 6 nuggets from Berkshire Hathaway’s annual meeting
It’s almost impossible to trade on a US default – so here’s what investors should do instead, according to Bankrate’s senior economic analyst
Making bets on a debt crisis would be nearly impossible, Bankrate’s senior economic analyst told Insider. There’s too much uncertainty in the near term and lack of precedence to try and trade on a US default. Instead, investors should maintain a long-term approach, build emergency funds, and pile into high-yield savings accounts. Loading Something is… Continue reading It’s almost impossible to trade on a US default – so here’s what investors should do instead, according to Bankrate’s senior economic analyst
From Warren Buffett to Paul Krugman, some of Wall Street’s biggest names are shrugging off de-dollarization fears
The US’s rivals are trying to unseat the dollar, which dominates global trade and investment flows. But some of the biggest names in financial markets think it’s unlikely that they’ll succeed. Here’s why Warren Buffett, Goldman Sachs, and others aren’t fretting about the de-dollarization movement. Loading Something is loading. Thanks for signing up! Access your… Continue reading From Warren Buffett to Paul Krugman, some of Wall Street’s biggest names are shrugging off de-dollarization fears
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