Economic News

Institutional investors have bought hundreds of thousands of single-family homes, many in Black communities. Critics say it's creating a 'generation of renters'

Institutional investors have bought hundreds of thousands of single-family homes, many in Black communities. Critics say it’s creating a ‘generation of renters’

Democratic lawmakers are scrutinizing whether the American dream of a suburban home and white picket fence is being seized upon by large institutional investors, costing working people a shot at property ownership. The House Financial Services Subcommittee on Oversight and Investigations held the virtual panel Tuesday, titled “Where Have All the Houses Gone? Private Equity, …

Institutional investors have bought hundreds of thousands of single-family homes, many in Black communities. Critics say it’s creating a ‘generation of renters’ Read More »

U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

U.S. stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA  was up 196 …

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Oaktree's Howard Marks is finding bargains. 'I am starting to behave aggressively,' he says

Oaktree’s Howard Marks is finding bargains: ‘I am starting to behave aggressively’

Exactly how much bounce is left in this bear market? Stocks are mostly higher on Tuesday, with China to thank for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that …

Oaktree’s Howard Marks is finding bargains: ‘I am starting to behave aggressively’ Read More »

Oaktree's Howard Marks is finding bargains. 'I am starting to behave aggressively,' he says

Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says

Exactly how much bounce is left in this bear market? A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply …

Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says Read More »

'It's nuts': Real estate agents describe chaos in New York City's hot rental market

‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market

Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. …

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Recession is challenging inflation as top fear among stock and bond investors

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 sits near the top of the list of worries for many investors, another potential bugaboo …

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Stagflation, reflation, soft landing or a slump --- what Wall Street expects in the second half of 2022

Stagflation, reflation, soft landing or a slump — what Wall Street expects in the second half of 2022

As the first half of 2022 draws to a close, Wall Street investment banks and their legions of strategists have been busy telling clients what they should expect in the second half of what has been an extraordinary year for markets as U.S. stocks head for their worst start in decades. Investment banks like JP …

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‘Cyclical growth’ could lead 10% ‘relief rally’ for S&P 500 this summer, says Stifel’s Barry Bannister

‘Cyclical growth’ could lead 10% ‘relief rally’ for S&P 500 this summer, says Stifel’s Barry Bannister

The beaten down U.S. stock market is poised for a ‘relief rally’ this summer, with the S&P 500 potentially climbing 10%, according to Barry Bannister, chief equity strategist at Stifel. “We see a relief rally led by cyclical growth (mostly technology) to 4,150 for the S&P 500” this summer as oil prices decline and the …

‘Cyclical growth’ could lead 10% ‘relief rally’ for S&P 500 this summer, says Stifel’s Barry Bannister Read More »