All but two of the 20 largest housing markets are ‘overvalued,’ a new analysis finds
Most housing markets are now considering overvalued, according to CoreLogic data.
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Banking/Credit
Recession is challenging inflation as top fear among stock and bond investors
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation.While inflation running at a 40-year high still…
Crypto Took Wall Street on a Wild Ride. Now It’s Ending in Tears.
Cory Klippsten is a big fan of Bitcoin. But his affinity for cryptocurrencies ends there. Klippsten, head of a company called Swan Bitcoin, sees a growing minefield of scams, fraud, and risky products throughout the industry. As the…
S&P 500 Enters Bear Market as Dow, Nasdaq Fall
The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot inflation data and liked it even less.Faced with rising chances of aggressive monetary tightening…
Elon Musk Says Tesla Is Accepting Dogecoin for Some Merchandise
Elon Musk
said
Tesla Inc.
TSLA -6.75%
is accepting payment for some merchandise with dogecoin, a return for the electric-vehicle…
Companies that exited Russia after its invasion of Ukraine are being rewarded with
The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain…
SoFi stock soars after company gains approval for bank charter — ‘a major step forward’
Shares of SoFi Technologies Inc. surged in after-hours trading Tuesday after the financial-technology company said that it won regulatory approval to become a bank-holding company. The company announced late…
Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market
Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the…
The Stock Market Just Had a Great Week. The Next One Could Be Messier.
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Wall Street banks post record $10 billion in IPO revenues even as average investors in
The best of times and the worst: It was the tale of two IPO markets this year on Wall Street. Investment banks booked a record tally in revenue from initial public offerings in 2021, despite IPO performance that was the worst in at least…