Four Big Tech firms splurged over $1 trillion on stock buybacks in 10 years, S&P Global data shows. Apple spent over $600 billion on its own shares, more than Alphabet, Microsoft, and Meta combined. The quartet’s outlay on buybacks exceeds the market values of Tesla, Meta, and Berkshire Hathaway. Loading Something is loading. Thanks for… Continue reading 4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value
The S&P 500 could rally another 11% by year-end, Morgan Stanley Investment Management’s Andrew Slimmon says
Despite a downbeat August, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up over 17% so far in 2023, and one expert sees it climbing even higher. Morgan Stanley’s Andrew Slimmon sees the S&P 500 nearing 5,000 by year-end – what would be an 11% rise. Loading Something… Continue reading The S&P 500 could rally another 11% by year-end, Morgan Stanley Investment Management’s Andrew Slimmon says
Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here
Second-quarter earnings season is concluding, giving analysts new data to direct their investments. Morgan Stanley, RBC, and Bank of America recently broke down earnings themes they saw. Tech and consumer discretionary were the winners, while energy and health care enjoyed big pops. The second-quarter earnings season is quickly coming to an end, and it’s time… Continue reading Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here
A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares – and ended up making $7,000 for his broker, SEC says
A fast-food worker obtained $200,000 of advance credit by making bogus deposits, the SEC says. The Auntie Anne’s employee piled the entire sum into Tesla, Nvidia, GameStop, AMC, and other stocks. His broker caught on and liquidated the holdings a day later, making a roughly $7,000 profit. Loading Something is loading. Thanks for signing up!… Continue reading A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares – and ended up making $7,000 for his broker, SEC says
One jarring chart shows just how empty remote work will leave office buildings
As remote work remains popular, office buildings will become increasingly empty. Goldman Sachs estimated vacant office space will jump by 267 million square feet over the next decade and beyond. Office leases will see a big ramp-up in expirations starting in 2030, a note said. Loading Something is loading. Thanks for signing up! Access your… Continue reading One jarring chart shows just how empty remote work will leave office buildings
Homes are so expensive in the US that 38% of young buyers say they were only able to break into the market with help from their family
A Redfin survey found 38% of under-30 homebuyers relied on financial help from family to afford a down payment. That came in the form of a cash gift or an inheritance, the survey said. First-time homeownership has become increasingly expensive, keeping more young people sidelined. Loading Something is loading. Thanks for signing up! Access your… Continue reading Homes are so expensive in the US that 38% of young buyers say they were only able to break into the market with help from their family
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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