Tag Archives: market

The housing market has rapidly changed. Sellers, once in the driver’s seat at the start of the year, are much more accommodating to complete a home sale as borrowing costs skyrocket for buyers. A growing number of home sellers have been forced to readjust their home prices in recent weeks. According to Redfin, an estimated 6.1% of homes for sale during the four weeks leading to June 19, asked for a price drop – a record high as far back as the data goes, through the start of 2015. That… Source link

NORTH PLAINS, Ore. — First impressions go a long way. After spending three days at the LIV Golf Invitational Series event at Pumpkin Ridge Golf Club, one thing is clear: there’s a market for this upstart circuit. It just depends what you want to get out of a golf tournament. If you’re a golf fan who loves the game for the history and competition, these events won’t be for you. But if you’re a general sports fan who loves festivals and fanfare, you may be interested. When you walk… Source link

NEW YORK, July 1, 2022 /PRNewswire/ – Voyager Digital LLC, the operating platform of Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced it is temporarily suspending trading, deposits, withdrawals and loyalty rewards, effective at 2:00 p.m. Eastern Daylight Time today. Voyager Digital, Ltd. (CNW Group/Voyager Digital Ltd.) “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” said

The market’s challenges may persist, prompting Goldman Sachs to stay cautious on recommending stocks even though they are at far cheaper levels than six months ago. “Until the growth/inflation mix improves volatility is likely to linger as investors are shifting between inflation frustration and recession obsession,” Goldman Sachs strategist Christian Mueller-Glissmann wrote in a new note to clients, adding that Goldman is positioned “defensively” for the next three months until macroeconomic… Source link

(Bloomberg) — The housing slowdown is helping to solve the US real estate market’s most intractable problem: tight inventory. Most Read from Bloomberg With fewer buyers competing, the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017, Realtor.com said in a report Thursday. And new sellers entered the market at an even faster rate than before the pandemic housing rally began. The Federal Reserve is cooling off the… Source link

The stock market is off to one of its worst starts ever this year, with the S&P 500 falling more than 20% year to date. It’s a rout that has left many investors wondering when they will be able to “buy the dip.” Morgan Stanley Wealth Management’s Lisa Shalett says don’t hold your breath. The chief investment officer believes stocks have more room to fall as many companies have yet to change their earnings forecasts after the Federal Reserve’s decision to increase the pace of its… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Monday, June 27, 2022 I am rather amazed by the powerful effects of taking my first day off in about four years last week. What’s left is a (mostly) clear head with physical batteries that are more charged up… Source link

While U.S. workers are aiming to minimize the impact of economic volatility on their retirement accounts, the realities of high levels of inflation and other macroeconomic realities are making things very difficult according to subject matter experts in a discussion at Yahoo Finance. “If you are a retiree, you have to be paying attention because if you have to take those required minimum distributions from your retirement accounts this year, you’re going to be selling, and… Source link

(Bloomberg) — The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide. Most Read from Bloomberg That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150. Societe Generale arrived at this… Source link

U.S. stock futures crept higher early Thursday ahead of weekly employment data and Federal Reserve Chair Jerome Powell’s second day of testimony on Capitol Hill. Futures tied to the S&P 500 rose 0.4%, and Dow Jones Industrial futures ticked up 40 points, or just 0.1%. Contracts on the tech-heavy Nasdaq gained 0.7%. In the previous trading session, all three major indexes closed in the red but were little changed. Stocks attempted to sustain this week’s gains after advances of more than 2%… Source link