Student loan payments are set to resume in October, and that will weigh further on home affordability. Gen Z and millennials looking to buy a home will be squeezed particularly hard. A recent Moody’s report found roughly 5 million borrowers will resume paying about $275 a month. Loading Something is loading. Thanks for signing up!… Continue reading The housing market is about to get a lot more expensive for millennials and Gen Z
US stocks rise as traders brush off hotter-than-expected August inflation report
Jennifer Sor Xinhua/Wang Ying/Getty Images US stocks rose on Wednesday even as inflation clocked in hotter than expected. Consumer prices rose 3.7% year over year in August, above the estimated 3.6%. Still, traders are largely expecting the Fed to hold interest rates steady at their next policy meeting. Loading Something is loading. Thanks for signing… Continue reading US stocks rise as traders brush off hotter-than-expected August inflation report
Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says
China has been propping up the yuan against 23 currencies, Bloomberg reported. The embattled currency dropped to a 16-year low against the dollar last week amid economic headwinds. Beijing’s efforts to stem the yuan’s decline appear more widespread than previously known. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says
Warren Buffett and Charlie Munger’s epic success is down to 3 key things, Howard Marks says
Warren Buffett and Charlie Munger’s success is down to three simple things, Howard Marks says. The pair have made lots of solid bets, found some big winners, and had few big losers, Marks says. Buffett has noted the outsized impact of his best decisions, and said it’s vital to avoid losses. Loading Something is loading.… Continue reading Warren Buffett and Charlie Munger’s epic success is down to 3 key things, Howard Marks says
Stock Market Today: Nasdaq Leads Broad Rally as Tesla Stock Soars
Stocks closed higher Monday as market participants took a glass-half-full stance ahead of this Wednesday’s key inflation report. The Federal Reserve has repeatedly said it will remain data dependent in determining if more rate hikes are needed to bring inflation down to its 2% target. After raising interest rates in July, the central bank is… Continue reading Stock Market Today: Nasdaq Leads Broad Rally as Tesla Stock Soars
US stocks slide as oil prices climb and investors brace for August inflation report
Phil Rosen Reuters / Brendan McDermid US stocks slipped Tuesday, while oil prices climbed ahead of Tuesday’s release of the August inflation report. Brent crude, the international benchmark, surged above $91 a barrel. WTI jumped toward $90. Oracle stock tumbled 10% in early trading after the company reported weak quarterly revenue. Loading Something is loading.… Continue reading US stocks slide as oil prices climb and investors brace for August inflation report
The S&P 500 looks risky and expensive – and could plunge 25% if something shocks the system, Morgan Stanley’s stock chief warns
The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley’s stock chief says the outlook for company earnings and the economy is pretty grim. Investors have piled into Big Tech to ride out the storm, but they may still feel pain, Wilson says. Loading Something… Continue reading The S&P 500 looks risky and expensive – and could plunge 25% if something shocks the system, Morgan Stanley’s stock chief warns
Warren Buffett’s Berkshire Hathaway sees its market value surge to a new record of almost $800 billion
Shares of Warren Buffett’s Berkshire Hathaway ended Monday’s trading at all-time highs. That’s boosted the investment conglomerate’s market value to an unprecedented high of almost $800 billion. Buffett has overseen a roughly 4,300,000% gain in Berkshire stock since becoming CEO in 1965. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Warren Buffett’s Berkshire Hathaway sees its market value surge to a new record of almost $800 billion
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