With interest rates continuing to rise, the housing market continues to suffer. Mortgage applications dropped 8.3% in the week ended April 22 from a week earlier, hitting the lowest level in more than three years, according to the Mortgage Bankers Association (MBA). Refinancing applications fell 9% from the prior week and 71% from a year… Continue reading Home Market Stumbles Again: Mortgage Applications Drop
Tesla is on pace to lose $100 billion in one day
Stock fell 12 per cent on investor fears Elon Musk may sell shares to complete his US$44-billion takeover of Twitter Author of the article: Bloomberg News Thyagaraju Adinarayan and Esha Dey Publishing date: Apr 26, 2022 • 15 hours ago • 2 minute read • 5 Comments Tesla cars sit parked in a lot at the… Continue reading Tesla is on pace to lose $100 billion in one day
Five reasons you should care about Elon Musk buying Twitter
What’s he going to do about Trump? Publishing date: Apr 26, 2022 • 18 hours ago • 5 minute read • 66 Comments Tesla Inc CEO Elon Musk, left, is buying Twitter Inc. Will Donald Trump, right, come back to the social media platform? Photo by Reuters/ Bloomberg Elon Musk sealed the deal Monday to buy… Continue reading Five reasons you should care about Elon Musk buying Twitter
U.S. stocks sink to six-week low before key earnings
Alphabet lost 4.5% and Microsoft erased losses to gain 0.5% Author of the article: Bloomberg News Vildana Hajric and Isabelle Lee People walk by the New York Stock Exchange on April 25, 2022 in New York City. Photo by Spencer Platt/Getty Images files U.S. stocks sank to the lowest in six weeks as doubts emerged… Continue reading U.S. stocks sink to six-week low before key earnings
Stock Market Today: Dow Surrenders 809 Points as Q1 Earnings Roll In | Kiplinger
U.S. stocks opened the day in negative territory and losses accelerated as the session wore on. Earnings remained in focus, and several of today’s reactions were negative. General Electric (GE), for instance, spiraled downward 10.3% after its results. While the industrial conglomerate beat on the top and bottom lines in its first quarter, CEO Lawrence… Continue reading Stock Market Today: Dow Surrenders 809 Points as Q1 Earnings Roll In | Kiplinger
3 Social Stocks Standing Out in Narrowed Field | Kiplinger
stocks Elon Musk buying Twitter has social media stocks in focus. Here’s what the pros think about the three primary players remaining.Social media stocks are in the limelight following news that one of their own will soon be taken private. Specifically, Twitter (TWTR) put out a press release late in the day on April 25… Continue reading 3 Social Stocks Standing Out in Narrowed Field | Kiplinger
7 Best Biotech Stocks to Build Your Portfolio | Kiplinger
Biotech stocks were some of the best performers at the start of the pandemic. More recently, though, they’ve vastly underperformed the broader market. Case in point: In 2021, the SPDR S&P Biotech (XBI) lost 20.5%, compared to the S&P 500’s 26.9% gain. And in 2022, the XBI is currently down 27.1%, while the S&P 500… Continue reading 7 Best Biotech Stocks to Build Your Portfolio | Kiplinger
Now You Can Own Bitcoin in 401(k)s. Should You? | Kiplinger
cryptocurrency Fidelity will begin allowing investors to put Bitcoin in their 401(k)s. But is this retirement vehicle the right place to hold crypto?Fidelity Investments just made a major splash by announcing they will allow trading in Bitcoin in the 401(k) plans they administer starting midyear. This makes Fidelity the first major plan provider – though… Continue reading Now You Can Own Bitcoin in 401(k)s. Should You? | Kiplinger
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