China has put Evergrande’s billionaire founder under police control, Bloomberg reported. Other former execs have also been swept up in Beijing’s ongoing probe, according to reports. The embattled real-estate giant’s shares have plunged after saying it would be unable to issue new debt. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Evergrande’s billionaire founder is under police control, report says, as Beijing’s crackdown on the property giant intensifies
The stock market sell-off is orderly, suggesting there’s no looming financial crisis. Here’s exactly when to buy the dip in stocks.
The current stock market decline is orderly and doesn’t suggest a financial crisis is looming, DataTrek said.The research firm cited a “confluence of factors” driving the sell-off, and that’s good news.Here’s when investors should buy the dip in stocks, according to DataTrek. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The stock market sell-off is orderly, suggesting there’s no looming financial crisis. Here’s exactly when to buy the dip in stocks.
The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says
The housing market can’t get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high prices have crushed affordability for buyers. The market is in a freeze and the sales slowdown that will last for a “long time,” Kelman warned. Loading Something is loading. Thanks for signing up! Access your… Continue reading The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says
Russia’s use of the Chinese yuan surges as the Kremlin looks to bypass sanctions
The yuan’s share of Russian import invoicing has jumped to 20% since the Ukraine war, a study found. The yuan was more pronounced in the import of sanctioned goods, the European Bank for Reconstruction and Development wrote. Yuan invoicing was especially pronounced in the import of industrial-capacity goods that have been sanctioned. Loading Something is… Continue reading Russia’s use of the Chinese yuan surges as the Kremlin looks to bypass sanctions
US stocks attempt to rebound after interest rate-driven sell-off
Matthew Fox Lucas Jackson/Reuters US stocks attempted to rebound on Wednesday after suffering a sharp sell-off over the past month.The S&P 500 is down 6% this month as interest rates have surged to their highest level since 2007.A rise in the US dollar and oil prices has also served as a headwind for stock prices… Continue reading US stocks attempt to rebound after interest rate-driven sell-off
Mutual Funds Reality Check: Are You Really Diversified?
Mutual funds were created to give the individual investor a broad-range, diversified portfolio. Is that true? The vast majority of today’s retirees and pre-retirees own mutual funds. Chances are good that you may not be getting the diversification you expected. Though mutual funds can offer access to a wide range of investments, it’s easier than… Continue reading Mutual Funds Reality Check: Are You Really Diversified?
Why Now Could Be a Good Time to Invest in Oil and Gas
With all due respect to Charles Dickens, the oil and gas sector is increasingly a tale of two markets. Depending on where you focus, it is the best of times, and it is the worst of times. For the past few years, professionals in the oil and gas industry have expressed their dissatisfaction with the… Continue reading Why Now Could Be a Good Time to Invest in Oil and Gas
Stock Market Today: Mega-Cap Strength Keeps Stocks Above Water
Stocks struggled for direction Monday. Market participants are cautious looking ahead to a busy batch of economic data. Most notable in this week’s lineup is Friday’s release of the Federal Reserve’s preferred inflation measure, especially after the central bank last week forecast higher-for-longer interest rates. The next inflation reading comes Friday morning with the… Continue reading Stock Market Today: Mega-Cap Strength Keeps Stocks Above Water
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