Markets

There are just four “affordable” cities, based on Goldman Sachs’ Housing Affordability Indices. Of the largest 25 markets, only St. Louis, Detroit, Chicago, and Baltimore are considered affordable. The bank said the worst of the home price correction is over and price declines will dissipate by year-end. Loading Something is loading. Thanks for signing up!… Continue reading The housing market offers just 4 affordable cities right now – and things could worsen as price declines fade, Goldman Sachs says

Late payments for commercial real estate mortgages rose last quarter as pressure builds for the US property market.  Commercial mortgage borrowers that were late on payments for at least 30 days or already defaulted rose to 3%. More signs of stress could surface as high rates and weak property prices take a toll on the… Continue reading Late payments on commercial mortgages are piling up as higher rates and weakening property prices bite into the sector

The commercial real estate sector faces a big correction, ‘Shark Tank’ star Kevin O’Leary said. He told Fox Business there’s “so much money on the sidelines waiting for this so-called ‘bloodbath.’” O’Leary said that meant the landing would be “a lot softer than you think.” Loading Something is loading. Thanks for signing up! Access your… Continue reading Commercial real estate faces a shakeout – but the landing will be ‘softer than you think,’ says ‘Shark Tank’ star Kevin O’Leary

Russia’s invasion of Ukraine has cost Moscow a small amount by historical standards, per the Economist. Russia’s spending remains opaque, but its war budget is about 3% of GDP. By comparison, the Soviet Union spent 61% of GDP in World War II. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Russia is spending surprisingly little on its war on Ukraine

C3.ai stock plunged more than 20% on Thursday after the company failed to live up to the AI hype with an underwhelming earnings outlook.While C3.ai beat earnings estimates, the software company said it wasn’t “inclined to change expectations” amid the AI frenzy.The company said it expects adjusted losses of up to $75 million in its… Continue reading C3.ai plunges 21% after its earnings outlook fails to live up to the AI hype

Russia sold 1.96 million barrels of oil to India a day in May, notching a new record. Meanwhile, oil flows from Saudi Arabia to India have plunged to a 28-month low. Russia has surpassed Saudi Arabia as India’s largest crude supplier, thanks to hefty discounts on its oil.  Loading Something is loading. Thanks for signing… Continue reading India snaps up record amount Russian oil while flows from Saudi Arabia plunge to 28-month low

US stocks fell on Thursday as investors eyed the debit limit deal’s progress. The House passed bipartisan debt limit legislation on Wednesday night.  Traders are also looking to the Fed’s next policy meeting on June 13-14.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading US stocks fall to start June as traders watch debt ceiling bill move through Congress

The US housing market faces a chicken and egg problem, according to Realtor.com. High mortgage rates are deterring buyers, and sellers who don’t want to swap out low rates they locked in previously. New home listings dropped 22.7% in May as many sellers and buyers stay put, but home prices could start falling. Loading Something… Continue reading The housing market faces a ‘chicken and egg’ problem’ that could mean home prices start to fall