Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble

Billionaire investor Jeff Greene expects a painful downturn and a potential slump in house prices. The real-estate tycoon says the Fed’s rate hikes will deal heavy blows to several industries. Greene expects an economic slump, AI, and remote working to weigh on commercial real estate. Loading Something is loading. Thanks for signing up! Access your… Continue reading Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble

SEC Sues Binance, World’s Largest Cryptocurrency Exchange

Binance, the world’s largest cryptocurrency exchange, has long been dogged by allegations of shady corporate behavior.  A lengthy string of eyebrow-raising episodes catalogued by Axios include a market manipulation warning from the NY attorney general and a leaked document allegedly detailing an elaborate plan to deceive regulators. Despite all the smoke, U.S. authorities have been… Continue reading SEC Sues Binance, World’s Largest Cryptocurrency Exchange

Stock Market Today: Apple Stock Hits New High as WWDC Kicks Off

The main indexes made modest moves to start the new week following last Friday’s red-hot reaction to the May jobs report.  Market participants are now looking ahead to the May consumer price index (CPI) – due out ahead of the June 13 open – as the last big data point to be released before the… Continue reading Stock Market Today: Apple Stock Hits New High as WWDC Kicks Off

Combat a Possible Recession with Digital Fractional Real Estate Investing

In a recent Gallup survey, retirement outlook hit an 11-year low, with 57% of non-retired respondents expressing concerns that they wouldn’t have enough money to be comfortable when they stop working. The high cost of living, banking sector turmoil, and the risk of recession have clouded Americans’ retirement prospects. Amidst today’s economic uncertainty, it’s vital… Continue reading Combat a Possible Recession with Digital Fractional Real Estate Investing

De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says

Signs of de-dollarization are showing in FX and central bank reserves, JPMorgan said. But the dollar remains the dominant currency in global transactions. “Some signs of de-dollarization are emerging; this trend is likely to persist but USD should maintain its large footprint for the foreseeable future.” Loading Something is loading. Thanks for signing up! Access… Continue reading De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says

US house prices may slide as their recent strength and steeper mortgage rates hit demand, Wharton professor Jeremy Siegel says

Home prices may fall as recent gains and higher borrowing costs restrain demand, Jeremy Siegel says. The retired Wharton professor noted mortgage rates have ticked up to about 7% in recent days. Siegel welcomed a “truly Goldilocks situation” for stocks as the threat of further rate hikes fades. Loading Something is loading. Thanks for signing… Continue reading US house prices may slide as their recent strength and steeper mortgage rates hit demand, Wharton professor Jeremy Siegel says

Coinbase plunges 18% after the SEC sues the crypto exchange for breaking US securities laws

Coinbase stock plunged 21% on Tuesday after the SEC sued the company and alleged it operates as an unregistered exchange.The lawsuit comes one day after the SEC sued Binance for running an unregistered crypto exchange.”Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation,” SEC chairman Gary Gensler said. Loading… Continue reading Coinbase plunges 18% after the SEC sues the crypto exchange for breaking US securities laws