Metaverse storms ETF charts to become industry’s hottest concept

‘It’s the next generation internet. I would call it a master theme in the decades to come’ Author of the article: Financial Times Steve Johnson Published Dec 19, 2022  •  5 minute read Join the conversation A total of 35 metaverse-badged ETFs have launched globally since the first rolled off the conveyor belt in June… Continue reading Metaverse storms ETF charts to become industry’s hottest concept

Mortgages rates will keep falling but homes won’t become more affordable until these 3 things happen, Moody’s chief economist says

Moody’s chief economist Mark Zandi said Friday that US existing home sales have bottomed out.  The combination of high mortgages and expensive homes have kept buyers out of the market, but US incomes also play a role, he said. Meanwhile, mortgage rates have fallen for six consecutive weeks, the longest drop since 2008. Loading Something… Continue reading Mortgages rates will keep falling but homes won’t become more affordable until these 3 things happen, Moody’s chief economist says

Warren Buffett ‘walked in like Santa Claus’ to a friend’s dinner party, carrying huge teddy bears for her children

Warren Buffett channeled his inner Santa Claus at a friend’s dinner party. The investor arrived with toys for her children, and feasted on cookies for dessert. While the other guests ate Italian food, Buffett had a hamburger and Coke, then Oreos for dessert. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Warren Buffett ‘walked in like Santa Claus’ to a friend’s dinner party, carrying huge teddy bears for her children

GOLDMAN SACHS: Buy these 50 stocks that are trading at steep discounts that make them low-risk and high-reward

Investors use the Sharpe ratio to see if they’re being rewarded for the risks they take. David Kostin at Goldman Sachs is applying a version of that concept to individual stocks.  He says that approach has historically delivered excess returns without much extra risk. Investing always involves some sort of risk, so the question of… Continue reading GOLDMAN SACHS: Buy these 50 stocks that are trading at steep discounts that make them low-risk and high-reward

Investors just pulled a record $42 billion from stocks in one week in an attempt to cut their tax bill after grim 2022 losses, BofA says

Investors pulled a record $41.9 billion from equities last week to engage in tax-loss harvesting, Bank of America said Friday.  Tax-loss harvesting is a strategy to lower investment taxes that involves selling securities at a loss to offset capital gains. BofA said investors in the past week also pulled out $10 billion from bonds. Loading… Continue reading Investors just pulled a record $42 billion from stocks in one week in an attempt to cut their tax bill after grim 2022 losses, BofA says

Here’s why Wall Street is warning the Fed blew it on inflation and won’t save the stock market from crashing

The Fed blew it on inflation stocks are going to have to suffer as a result.  The central bank has no choice now but to keep hiking until inflation is down, experts have said.   Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. … Continue reading Here’s why Wall Street is warning the Fed blew it on inflation and won’t save the stock market from crashing

Tiff Macklem reflects on debt, lessons learned and why inflation ‘messes up’ competition

In an interview with Kevin Carmichael, Macklem talks about the central bank’s fight against inflation Published Dec 23, 2022  •  17 minute read 6 Comments Bank of Canada governor Tiff Macklem. Photo by Justin Tang/The Canadian Press Financial Post editor-in-chief Kevin Carmichael sat down with Bank of Canada governor Tiff Macklem on Dec. 19, days… Continue reading Tiff Macklem reflects on debt, lessons learned and why inflation ‘messes up’ competition

Ban on foreign homebuying will carry $10,000 penalty for violations

‘Homes should not be commodities’ Published Dec 21, 2022  •  Last updated 2 days ago  •  1 minute read 23 Comments A ‘for sale’ sign in front of a row of homes in a subdivision in Vaughan, Ont. Photo by Cole Burston/Bloomberg files A two-year ban on homebuying by non-Canadians that is set to take effect… Continue reading Ban on foreign homebuying will carry $10,000 penalty for violations