Markets

Saudi Arabia is considering offering $50 billion in Aramco shares, the Wall Street Journal reported. An offering that size would make it the biggest ever in the history of capital markets. It would top Ant Group’s initial public offering as well as Aramco’s own IPO. Loading Something is loading. Thanks for signing up! Access your… Continue reading The world’s most valuable oil company may launch the biggest stock offering in history

The mantra in real estate has long been “location, location, location,” but that may be changing. A home’s neighborhood is no longer the top priority for house hunters, a Fannie Mae survey found. Instead, affordability is now the biggest consideration, as prices and mortgage rates remain high. Loading Something is loading. Thanks for signing up!… Continue reading It’s not just about ‘location, location, location’ anymore – housing market priorities have shifted

Warren Buffett and Vivek Ramaswamy differ in their political views but have some things in common. They like bargains and holding companies, and worry about the impact of social issues on business. The Republican upstart once said he wanted to build the “Berkshire Hathaway of drug development.” Loading Something is loading. Thanks for signing up!… Continue reading Warren Buffett and Vivek Ramaswamy are miles apart politically. But the investing icon and Republican upstart have a few things in common.

China ramped up its efforts to support the struggling yuan Friday. Its central bank slashed the amount of foreign currency financial institutions are required to hold. The renminbi has plummeted against the dollar this year, with China’s economy stagnating. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading China tries again to support its battered economy, bringing in new measures to boost the yuan

Red-hot inflation and a plunging peso have fueled calls for Argentina to ditch its currency. Economist Steve Hanke reiterated his view that the country should adopt the dollar as the means of exchange.  “DOLLARIZATION is the only way to stop Argentina’s death spiral,” he wrote in a post on X. Loading Something is loading. Thanks… Continue reading Dollarization is the only way for Argentina to stop its ‘death spiral’, economist Steve Hanke says

Jennifer Sor Getty Images / Drew Angerer US stocks traded mixed on Thursday and ended August in the red. The S&P 500 closed off the month 1% lower, while the Dow and Nasdaq shed 2%. Investors are eyeing the release of Friday’s job report, which will inform the Fed’s next policy move. Loading Something is… Continue reading US stocks trade mixed to close out tough August as traders brace for jobs report

A new report from LendingTree found that US homeowners have $28.7 trillion in total home equity. That’s more than $334,000 of equity per owner-occupied housing unit in the US. Huge home-price appreciation could help keep consumers afloat as savings dry up. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading US homeowners are sitting on $28.7 trillion of equity

China’s property sector has faced mounting stress in recent years, with developers struggling to service their enormous debt. Investor anxiety about the property crisis has fueled a rout in Chinese developers’ dollar bonds, which have lost 87% of their value, according to Debtwire. As many as 53 Chinese developers have collapsed in recent years. Loading… Continue reading China’s property crisis deepens with 87% value wipeout in developers’ dollar bonds