The S&P 500 has pushed its way into a new bull market, but experts are torn over whether the rally can last. AI hype and resilient earnings from US companies have driven the rally in 2023. But that comes as experts warn that the US is close to tipping into a recession. Loading Something is… Continue reading The S&P 500 has entered a bull market, but will it last? Here’s what 5 Wall Street experts are saying about the stock market’s big rally.
‘Shark Tank’ star Barbara Corcoran praises Donald Trump’s selling skills, shrugs off recession fears, and warns of AI fallout in a new interview. Here are the 12 best quotes.
Barbara Corcoran praised Donald Trump’s selling skills and championed real-estate investing. She cautioned against following financial news too closely, and warned of AI’s disruptive potential. The “Shark Tank” star advised young people to try employment before starting a company. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading ‘Shark Tank’ star Barbara Corcoran praises Donald Trump’s selling skills, shrugs off recession fears, and warns of AI fallout in a new interview. Here are the 12 best quotes.
The Fed just held interest rates and signaled future hikes at the same time – a move that baffled many. Here’s how Larry Summers, Mohamed El-Erian, and others have reacted.
The Fed pressed pause on its interest-rate increases this month after boosting borrowing costs 10 times since early 2022. The move spurred a wave of commentary given the central bank at once held rates and signaled more hikes. Here’s what Larry Summers, Mohamed El-Erian, David Rosenberg, Jeff Gundlach, and others have said. Loading Something is… Continue reading The Fed just held interest rates and signaled future hikes at the same time – a move that baffled many. Here’s how Larry Summers, Mohamed El-Erian, and others have reacted.
A China-based bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts, report says
The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said. It was established by the BRICS bloc of nations to offer alternatives to dollar lending. But its own finances were deeply reliant on Wall Street, which backed away after the Ukraine war. Loading Something is loading. Thanks… Continue reading A China-based bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts, report says
Cannabis Companies Get Some State Tax Relief: This Week in Cannabis Investing
Connecticut’s legal adult-use cannabis market may be young, but it is already experiencing great success. In May, adult-use recreational marijuana sales eclipsed medical sales for the first time in state history. This is a great milestone for the people of Connecticut and it is a great sign of what could happen in the foreseeable future.… Continue reading Cannabis Companies Get Some State Tax Relief: This Week in Cannabis Investing
Stock Market Today: Stocks Climb After Solid Retail Sales, Cava IPO
Stocks started Thursday on a quiet note, but then jolted higher as investors digested global central bank news and a busy day of U.S. economic data that included stronger-than-expected retail sales figures. Following yesterday’s pause on rate hikes from the Federal Reserve, the European Central Bank (ECB) overnight raised interest rates by a quarter-percentage… Continue reading Stock Market Today: Stocks Climb After Solid Retail Sales, Cava IPO
The housing market has about 40% fewer homes for sale than before the pandemic, and listings keep falling
The current housing market offers 39% fewer homes for sale than pre-pandemic, Redfind said. In the four weeks to June 11, the total number of US homes for sale saw the biggest decline in 13 months. Homeowners are unwilling to part ways with low mortgage rates secured before borrowing costs went up. Loading Something is… Continue reading The housing market has about 40% fewer homes for sale than before the pandemic, and listings keep falling
Chinese investors will be back once the country’s property and debt problems are resolved, Mark Mobius says
Chinese investor participation will revitalize the country’s market, Mark Mobius said. But they will only return once China solves its property-sector and debt problems. Real-estate is seen as a key investment in China, the market veteran told Bloomberg TV. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Chinese investors will be back once the country’s property and debt problems are resolved, Mark Mobius says
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