Chevron (CVX) stock caught its second analyst upgrade in as many days Thursday, and investors surely appreciated the good news. After all, shares in the integrated oil and gas giant are lagging the broader market by a wide margin this year. Tough comparisons against 2022 – a blowout year for profits as oil prices soared… Continue reading Is Chevron Stock Set for a Rebound?
Commercial real estate’s cataclysmic crash is underway and there’s now a ‘huge class of zombie buildings,’ says top executive
The commercial real estate crash has already started, Corion’s Fred Cordova told Fortune. The office sector is already cratering due to high interest rates and people working from home. “It’s just a matter of how hard it’s going to hit. It is apocalyptical,” Cordova said. Loading Something is loading. Thanks for signing up! Access your… Continue reading Commercial real estate’s cataclysmic crash is underway and there’s now a ‘huge class of zombie buildings,’ says top executive
China hopes to boost economy with fresh support for the property market amid signs of renewed weakness
Chinese regulators may offer fresh support to the ailing property market, Bloomberg reported. Proposed policies include reductions in down payments and real-estate commissions. That’s as a slowdown in home sales adds to troubles faced by struggling developers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading China hopes to boost economy with fresh support for the property market amid signs of renewed weakness
The housing market offers just 4 affordable cities right now – and things could worsen as price declines fade, Goldman Sachs says
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 on commercial mortgages are piling up as higher rates and weakening property prices bite into the sector
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
Commercial real estate faces a shakeout – but the landing will be ‘softer than you think,’ says ‘Shark Tank’ star Kevin O’Leary
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
Nervous About the Markets and Economy? Consider History
If you’re feeling like the financial news is coming at you fast and furious, you’re not alone. Between inflation, rising interest rates, the markets stumbling and recent bank failures, there’s a lot going on. One of these events alone could be overwhelming. Taken all together, they seem downright scary. Before you let it all overwhelm… Continue reading Nervous About the Markets and Economy? Consider History
Stock Market Today: Stocks Close Lower Ahead of Key Debt Ceiling Vote
Stocks closed lower Wednesday as investors took some profits off the table ahead of a key debt ceiling deal vote. Disappointing jobs data and a massive dividend cut from Advance Auto Parts (AAP) didn’t help sentiment, either. The debt ceiling agreement struck between House Speaker Kevin McCarthy and the White House over the weekend cleared… Continue reading Stock Market Today: Stocks Close Lower Ahead of Key Debt Ceiling Vote
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