Home price growth in the U.S. continued to heat up in June, setting a new record — yet again. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 18.6% annual gain in June, up from 16.8% in May — the highest rate in more than 30 years of data. It is the 13th consecutive month of accelerating prices and the third straight month in which the growth rate of housing prices set a record. The 20-City Composite posted a 19.1% annual gain, up… Source link
Read More »What Will 1 Bitcoin Be Worth In 10 Years?
If you’ve heard anything about Bitcoin, it’s likely been about its price skyrocketing or plummeting. But, for those who are looking to invest long term, there’s a different question that should be asked—what will one Bitcoin be worth in 10 years? Where Bitcoin Is Going For Bitcoin, no prediction is guaranteed, but an interesting vision shared by MicroStrategy CEO, Michael J. Saylor, is that once Bitcoin passes the market cap of gold, around $11T currently, nothing will stop it. Saylor… Source link
Read More »Alibaba’s First Sales Miss in Two Years Shows Crackdown Toll
(Bloomberg) — Alibaba Group Holding Ltd.’s revenue missed estimates for the first time in more than two years, underscoring how Beijing’s months-long campaign against the internet sector is taking a toll. Growth slowed in most of Alibaba’s major divisions from cloud to e-commerce, underlining fears that the mounting list of new government regulations is constraining expansion and increasing companies’ burdens. In a sign of the times, Chief Executive Officer Daniel Zhang on Tuesday… Source link
Read More »China is ‘6 years ahead’ of US in building blockchain payment system, CEO says
The U.S. has fallen significantly behind China in the race to develop a blockchain-based payment system, Pantera Capital founder and CEO Dan Morehead told Yahoo Finance in a recent interview. “China’s six years ahead of the United States in building a blockchain-based payment system,” Morehead said in a Friday segment on blockchain technology with Yahoo Finance Live. China’s dominance in the blockchain space may propel America into action in the near future, according to Morehead,… Source link
Read More »Retiring in the Next 5 Years? Make These Five Decisions Now
A woman enjoys a view while hiking. Getty Images In the five years preceding retirement, a person will make more important decisions about how to maximize their retirement than at any other time. Why? Because these decisions are not easily altered, and the impact will affect important income and expenses for the rest of their lives. Making the right decisions can provide substantially more income over a longer period of time – which is the ultimate goal. Millions of people must make these… Source link
Read More »This year’s market, explained in one chart: Morning Brief
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 Wednesday, July 21, 2021 Growth, value, and rates — all in one place It was a Turnaround Tuesday on Wall Street yesterday. After a brutal sell-off to start the week, each of the major averages gained nearly 2% on the week’s second trading day. A solid rebound after a decline in markets on Monday that perhaps felt worse than it really was. But… Source link
Read More »If You Invested $1000 in Apple 10 Years Ago, This Is How Much You’d Have Now
How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks. What if you’d invested in Apple (AAPL) ten years ago? It may not have been easy to hold on to AAPL for all that time,… Source link
Read More »Home price growth in the US surge at its fastest rate in more than 30 years
Home price growth in the U.S. surged in April at a pace not seen in more than 30 years. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 14.6% annual gain in April, up from 13.3% in March — marking the 11th straight month of accelerating prices. The 20-City Composite posted a 14.9% annual gain, up from 13.4% a month earlier. The results far outpaced analysts’ expectations of a 14.7% annual gain, according to Bloomberg consensus… Source link
Read More »Michael Jordan hasn’t played a game in more than 18 years, but Nike is still raking in billions from his brand
Michael Jordan stopped scoring points in the NBA in April 2003, but Nike (NKE) is still slam dunking quarterly earnings in large part because of the staying power of the brand the NBA legend made famous. On its fourth fiscal quarter earnings conference call, Nike executives casually mentioned Jordan brand sales rose an impressive 31% to $5 billion for the company’s just completed fiscal year. For a bit of perspective, the Jordan brand now makes up greater than 11% of Nike’s overall… Source link
Read More »Judge sentences Derek Chauvin to over 22 years for murder of George Floyd
Former Minneapolis Police Officer Derek Chauvin was sentenced Friday to 22 and a half years in prison for the murder of George Floyd, more than one year after Floyd’s death sparked an international movement against police brutality. Hennepin County Judge Peter Cahill, who presided over Chauvin’s murder trial, handed down a sentence of 270 months for charges of second-degree unintentional murder, third-degree murder and second-degree manslaughter in Floyd’s May 25, 2020, death. Chauvin… Source link
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