Real estate trends have become more and more local over the last year, a Redfin report showed. San Francisco home prices are down 10.1% compared to last year, while Miami prices are up 10.9% The Bay Area is still more expensive, with San Francisco’s median sale price 2.9 times higher than Miami’s. Loading Something is… Continue reading The housing market is so local that the price-growth gap between Miami and San Francisco is near a 30-year high
There is ‘zero chance’ of the US defaulting on its debt, Wharton professor Jeremy Siegel says
There is zero chance the US debt-ceiling deadlock won’t get resolved, Jeremy Siegel said in his WisdomTree commentary. The timeline will be extended or the debt limit will be raised, the Wharton finance professor predicted. US lawmakers are still sparring over the conditions they want for lifting the country’s debt limit. Loading Something is loading.… Continue reading There is ‘zero chance’ of the US defaulting on its debt, Wharton professor Jeremy Siegel says
LVMH, Hermes, and other luxury stocks suffer a $30 billion rout as investors brace for a US spending slowdown
European luxury stocks slumped on Tuesday morning as fears grew of a US spending slowdown. LVMH fell 3%, Hermes dropped 4%, and Gucci-owner Kering slipped 2%. Slowing growth in the US is a “building concern” for the sector, Deutsche Bank said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading LVMH, Hermes, and other luxury stocks suffer a $30 billion rout as investors brace for a US spending slowdown
Investors could benefit from revamping their 60/40 portfolios as a tough market takes hold, top Goldman strategist says
The classic 60/40 portfolio may disappoint in a tough market, a Goldman strategist has warned. Stocks and bonds are facing a raft of headwinds, Christian Mueller-Glissmann said. The asset-allocation guru touted gold, private investments, higher-quality assets, and options. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Investors could benefit from revamping their 60/40 portfolios as a tough market takes hold, top Goldman strategist says
US stocks trade mixed as Biden and McCarthy are due to meet on debt-ceiling talks
Phil Rosen President Joe Biden Alex Wong/Getty Images US stocks traded mixed Monday, with investors monitoring updates on the latest debt deal talks. President Joe Biden and House Speaker Kevin McCarthy are slated to meet Monday for further negotiations. Treasury Secretary Janet Yellen reiterated her warning that the government could run out of money by… Continue reading US stocks trade mixed as Biden and McCarthy are due to meet on debt-ceiling talks
The US likely won’t make it to June 15 without defaulting on its debt if lawmakers don’t reach a deal, Treasury Secretary Janet Yellen says
The US likely won’t make it through June 15 without defaulting unless there’s a debt deal, Janet Yellen said. The Treasury Secretary reiterated her early June deadline for Congress to raise the debt ceiling. Failing to do so could spark an economic catastrophe, experts have warned. Loading Something is loading. Thanks for signing up! Access… Continue reading The US likely won’t make it to June 15 without defaulting on its debt if lawmakers don’t reach a deal, Treasury Secretary Janet Yellen says
Don’t be fooled into thinking this year’s stock rally is the start of a new bull market, Morgan Stanley’s top strategist says
This year’s stock rally isn’t the start of a new bull market, Morgan Stanley’s top strategist says. The S&P 500 and Nasdaq have both jumped in 2023, powered higher by surging tech stocks. But Mike Wilson warned investors not to be fooled into expecting a longer-term breakout. Loading Something is loading. Thanks for signing up!… Continue reading Don’t be fooled into thinking this year’s stock rally is the start of a new bull market, Morgan Stanley’s top strategist says
Mark Zuckerberg’s fortune has surged this year – and nobody on the rich list comes close to his $44 billion gain
Meta CEO Mark Zuckerberg’s net worth is up an unmatched $44 billion this year. It makes him the world’s 12th richest person, according to Bloomberg’s Billionaire Index. It’s due to Meta’s soaring stock, among the top performing in the S&P 500 this year. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Mark Zuckerberg’s fortune has surged this year – and nobody on the rich list comes close to his $44 billion gain
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