Vietnamese electric carmaker VinFast has seen its shares skyrocket since it went public on August 15. Its market capitalization now stands at over $190 billion – but some investors cannot hide their disbelief. Veteran short-seller Jim Chanos called the carmaker a “$200B meme-stock” in a post on X. Loading Something is loading. Thanks for signing… Continue reading Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a ‘$200 billion meme stock’
My mortgage is coming up for renewal – what should I do now?
HELOC vs. fixed rate vs. variable rate Published Aug 29, 2023 • Last updated 2 hours ago • 6 minute read Interest rates on mortgages have gone up a great deal in the last year and a half, but homeowners who are renewing should be more concerned with where those rates might be headed. Photo by… Continue reading My mortgage is coming up for renewal – what should I do now?
Instacart Files to Go Public
Grocery delivery service Instacart has filed for an initial public offering (IPO) to list stock on the Nasdaq exchange under the ticker symbol “CART.” The company, which filed the IPO under the name Maplebear, did not disclose the number of shares or the expected price range in its Securities and Exchange Commission (SEC) filing. According… Continue reading Instacart Files to Go Public
Stock Market Today: Stocks Close Higher Ahead of Key Inflation, Jobs Data
Stocks closed higher Monday as investors brushed off concerns over the possibility of more interest rate hikes. Federal Reserve Chair Jerome Powell said in his speech at Jackson Hole last Friday that the central bank is prepared to do whatever it takes to bring inflation down, even if that means additional rate hikes. Powell also… Continue reading Stock Market Today: Stocks Close Higher Ahead of Key Inflation, Jobs Data
Is the Stock Market Open on Labor Day?
Is the stock market open on Labor Day? The answer to this question is no. The stock market will be closed Monday, September 4, for the Labor Day holiday. Bond traders will get an extended weekend too, with the bond market also closed on Monday. Unlike some market holidays, however, there are no early hours… Continue reading Is the Stock Market Open on Labor Day?
Americans Expect Higher Wages
Americans are expecting higher pay, even as the outlook for the job market has dimmed a bit, according to a July consumer survey released recently by the Federal Reserve Bank of New York. The Fed’s July SCE Labor Market Survey uncovered new findings about the current job market. This report analyzes worker expectations and the… Continue reading Americans Expect Higher Wages
The Fed may have destroyed the housing market by crushing both supply and demand, top economist Mohamed El-Erian says
The Fed may have broken the US housing market, according to top economist Mohamed El-Erian. That’s because interest rate hikes have helped drive up mortgage rates, weighing on both supply and demand. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. The… Continue reading The Fed may have destroyed the housing market by crushing both supply and demand, top economist Mohamed El-Erian says
Zillow thinks US home prices are set to surge more than 6% in the next year
US home prices are set to surge as high mortgage rates keep inventory tight, Zillow says. The real estate listings site predicted a 6.5% increase in home prices by July 2024. Other firms are predicting a slight decline in home prices by the end of the year. Loading Something is loading. Thanks for signing up!… Continue reading Zillow thinks US home prices are set to surge more than 6% in the next year
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