Markets

Jason Ma Angela Weiss/AFP via Getty Images US stocks tumbled Thursday as the 10-year Treasury yield kept climbing and hit the highest level since 2007. Measured on a daily basis, using a single reference price, the benchmark rate reached 4.3237%. Indexes gave up early gains to finish lower, with the Dow notching its third consecutive… Continue reading US stocks tumble as 10-year yield keeps climbing to hit highest since 2007

Foreign investors are giving up on China as the country’s post-COVID rebound fizzles. They resumed dumping Chinese stocks and bonds after Beijing’s pledges to boost the economy briefly lifted hopes. Exchanges in Shanghai and Shenzhen have seen nine straight days of outflows among overseas traders. Loading Something is loading. Thanks for signing up! Access your… Continue reading Foreign investors are giving up on China as capital flows reverse

Veteran investor David Roche told CNBC that China’s economic model is “washed up on the beach.” He doesn’t anticipate it to bounce back as it deals with deflation, slowing growth, and other economic snags. He noted that China’s economy has a “huge number of legacy holes in it.” Loading Something is loading. Thanks for signing… Continue reading China’s economic model is ‘washed up on the beach’ and it’s not going to bounce back, veteran investor says

Michael Burry’s bet against the S&P 500 could prove to be painful, Kevin O’Leary warned. That’s because the index is diversified and shorting stocks is highly risky.   Burry made around $100 million betting on the 2008 crisis, but that was a different game, O’Leary says. Loading Something is loading. Thanks for signing up! Access your… Continue reading ​​’Shark Tank’ investor Kevin O’Leary says Michael Burry’s bet against the S&P 500 is going to be painful, even if he’s right eventually

Low inventory and high mortgage rates are keeping the US housing market unaffordable. Goldman Sachs revised its forecast for home prices and now see them climbing this year instead of dropping. These four charts explain the state of the housing market and the bank’s outlook.  Loading Something is loading. Thanks for signing up! Access your… Continue reading These 4 charts explain why the housing market isn’t getting affordable anytime soon

US stocks closed lower on Wednesday after Fed minutes showed officials remain worried about inflation.  Policymakers at the July meeting agreed that inflation still poses risk of a resurgence.  Markets have been confident in their belief that the July rate hike was the last of the Fed’s cycle.  Loading Something is loading. Thanks for signing… Continue reading US stocks fall as Fed minutes show officials think hot inflation could still require more rate hikes

Commercial real estate lending is in a “logjam,” according to the Mortgage Bankers Association. Commercial lending plummeted 53% in the second quarter compared to last year. Experts have warned of trouble in the sector as demand falls and banks pull back on lending. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Commercial real estate lending plunged 53% last quarter as sector hits a ‘logjam’

India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the Abu Dhabi National Oil Company. Nations including India, Russia, and other BRICS members have been pushing to de-dollarize. Loading Something is loading. Thanks for… Continue reading India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE