The major benchmarks failed to make big moves Monday as investors looked ahead to several potentially market-moving events this week. Most notably is the outcome of tonight’s meeting between President Joe Biden and House Speaker Kevin McCarthy, who are desperately trying to negotiate the debt ceiling by the end of this month. Biden and McCarthy… Continue reading Stock Market Today: Stocks Waver Ahead of Biden, McCarthy Debt Ceiling Talks
US stocks decline as White House, Republicans continue to wrangle over debt ceiling deal
Carla Mozée A trader works on the floor of the New York Stock Exchange. Michael M. Santiago/Getty Images US stocks fell Tuesday as debt-ceiling talks wear on in Washington, DC. House Speaker Kevin McCarthy said talks have been “productive” but differences with Democrats remain. The Nasdaq Composite on Monday logged its highest close of the… Continue reading US stocks decline as White House, Republicans continue to wrangle over debt ceiling deal
The housing market is so local that the price-growth gap between Miami and San Francisco is near a 30-year high
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
Enthusiast Gaming files for U.S. listing amid acquisition spree
The company’s fan communities include 300-million gamers — 65 million of which are in the U.S. — across 100 websites and a network of 1,000 YouTube channels Published Apr 13, 2021 • 3 minute read Adrian Montgomery, Enthusiast Gaming Holdings Inc. CEO: “We’re ploughing our resources into growth and acquiring as many connection and engagement… Continue reading Enthusiast Gaming files for U.S. listing amid acquisition spree
Grab to unveil world’s biggest SPAC merger, valued at nearly $40 billion: sources
With operations in eight countries and 398 cities, Grab is already Southeast Asia’s most valuable start-up Author of the article: Published Apr 13, 2021 • 2 minute read A Grab Holdings Inc. driver waits for an order in the Bukit Bintang district of Kuala Lumpur, Malaysia. Photo by Samsul Said/Bloomberg SINGAPORE — Southeast Asia’s biggest… Continue reading Grab to unveil world’s biggest SPAC merger, valued at nearly $40 billion: sources
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