Residential-rental prices have soared during the pandemic. Median rent in the top 50 metropolitan markets hit a record $1,849 in May, up 15.5% from a year earlier, according to Realtor.com, a real estate services firm. It was the 15th straight month of record rent. But things may be starting to calm down. In the top… Continue reading A Bit of Housing Cheer: Rent Increases Moderate in June
The great normalization has crushed investor sentiment — and that may be a sign the worst is over
Tom Bradley: The system is in a better place than it was in previous slowdowns A trader works on the floor of the New York Stock Exchange. Photo by REUTERS/Brendan McDermid files The first half of 2022 was horrendous for investors. Bonds and stocks were down significantly, reflecting an economy and market going through a… Continue reading The great normalization has crushed investor sentiment — and that may be a sign the worst is over
Investors hoard cash, dump stocks amid U.S. recession fears
Nearly US$63 billion flowed into cash in the week through July 6 Author of the article: Bloomberg News Sagarika Jaisinghani A specialist trader works on the floor of the New York Stock Exchange. Photo by REUTERS/Brendan McDermid/File Photo Investors are hoarding cash and hiding in U.S. Treasuries as they dump equities amid fears that the… Continue reading Investors hoard cash, dump stocks amid U.S. recession fears
Job growth is set to slow and the Fed may regret hiking rates too aggressively going into 2023, JPMorgan Asset Management chief strategist says
The Federal Reserve should be wary of raising interest rates too fast, said JPMorgan Asset Management Chief Strategist David Kelly, who thinks job growth and the economy are set to slow soon. While the US added 372,000 jobs in June — a level typically associated with an economy expanding at a rapid pace— the labor… Continue reading Job growth is set to slow and the Fed may regret hiking rates too aggressively going into 2023, JPMorgan Asset Management chief strategist says
US stocks end mixed but notch weekly gain after strong jobs report
US stocks ended mixed Friday following a choppy day of trading after a strong June jobs report, though all three major indexes notched a gain for the week. The US added 372,000 jobs last month, beating forecasts with the economy inching closer to pre-pandemic employment numbers. But the strong number suggest the Fed will remain… Continue reading US stocks end mixed but notch weekly gain after strong jobs report
A deep recession is needed to bring down soaring inflation, and high prices are going to be very sticky, BofA says
Inflation has proved anything but transitory, and it’s going to take a deep recession to tame the sticky high prices, according to Bank of America. In a Friday note, the bank’s analysts said market pricing implied inflation would fall to or below the 2% target in about two years but that the economy would need… Continue reading A deep recession is needed to bring down soaring inflation, and high prices are going to be very sticky, BofA says
Russian cuts to gas supplies force German utility Uniper to seek government bailout
German-based Uniper is moving ahead with a request for a government bailout after weeks of liquidity constraints. The company, which relies on Russian flows of natural gas, has been struggling with cash flow as it’s been forced to enter the spot market for supply in response to Moscow cutting supplies flowing through the Nord Stream… Continue reading Russian cuts to gas supplies force German utility Uniper to seek government bailout
Upstart plummets 22% after slashing quarterly guidance on inflation and recession fears
Shares of Upstart Holdings slid Friday after the lending platform that uses AI technology cut second-quarter projections. The stock was down 22% at $22.22 as of 9:35 am ET, nearing its IPO pricing of $20 from December 2020. Shares also toppled 57% in May when the company lowered its yearly revenue projections to $1.25 billion… Continue reading Upstart plummets 22% after slashing quarterly guidance on inflation and recession fears
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