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Browsing Tag
Economic News
Why stock-market investors are ‘nervous’ that an earnings recession may be looming
Investors are anxious the stock market may be facing an earnings recession, potentially leading to deeper losses after the S&P 500 index just suffered its worst week since March 2020. “It’s pretty clear that earning estimates are…
The Economy Is Headed for a Hard Landing. Larry Summers on Inflation, Recession, and the Fed.
Economist Lawrence H. Summers never joined Team Transitory, or the economists, investment strategists, and members of the Federal Reserve who thought inflation would be a temporary phenomenon. Instead, he warned early and often that…
Mortgage Rates Hit 6% After Big Selloff in Bond Market
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Rising mortgage rates are cooling the housing market, offering some…
‘Prices will not come back down’: Americans dip into their savings to cope with…
Americans accumulated extra savings during the pandemic, but that money is fast dwindling because of inflation. Some 70% of Americans are using their savings to cover rising prices, a recent Forbes Advisor survey…
The ‘best’ and ‘worst’ places in America for first-time home buyers
Angelenos, congratulations — you officially live in one of the worst metro areas for first-time home buyers, according to a new study by Bankrate.com. Out of the 50 largest metro areas studied, Los Angeles ranked…
Prepare yourself: ‘The U.S. housing market is at the beginning stages of the most significant…
“‘I don’t think that home sales are going to grind to a complete halt. They’ll just slow. People will still be…
Stock Market Has Room to Fall as Fed Gears Up Inflation Fight
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Federal Reserve Chairman Jerome Powell.
Al…
Exclusive: Fed’s Bostic says idea of September pause is not tied to any looming market rescue
Atlanta Fed President Raphael Bostic, in an exclusive interview with MarketWatch, said his suggestion that the central bank take a September “pause” in its push to raise interest rates should not be construed in…
Why the Dow finally bounced — and what it will take to prove it’s for real
A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Day, but it will likely take more than the Dow Jones Industrial Average’s first winning week since late March to…