A housing market recession is here, according to the National Association of Realtors. Home sales have fallen for six straight months, even as home prices remain high. Top economist Lawrence Yun shared his real estate outlook for the rest of 2022. Six straight months of sliding home sales means that the US housing market is […]
Goldman Sachs expects the economy to slow in the second half but a soft landing is on the cards. In an interview with Insider the bank’s asset allocation head lays out his thoughts on the housing market. He also reveals the investments to make as the economy rides out a difficult period of time. The […]
Max Levchin says the market is wrong about Affirm Holdings Inc., the buy now, pay later company he co-founded a decade ago. It might just take a recession to prove it. Affirm stock is down 77% since hitting its peak in November, compared with a 9% decline in the S&P 500 during the same period. […]
Stocks still have plenty of upside because there won’t be a recession, says Brian Belski of BMO. Wall Street’s biggest bull explained why falling inflation and strong earnings will lift stocks. Here are 30 buy-rated stocks that are top picks from Belski’s colleagues at BMO Capital Markets. Brian Belski, the chief investment strategist at BMO […]
Inflation is at a four-decade high, and a recession could be near. Credit-card issuers aren’t worried: They are aggressively courting new customers and trying to increase credit-card balances. Marketing expenses are up at big issuers, including American Express Capital One Financial and Discover Financial Services. New credit-card account openings are surging. Solicitations promoting zero-percent interest […]
Historically, even garden-variety economic slowdowns, much less full-blown recessions, have sent U.S. manufacturers into a deep funk. But right now, factories aren’t a source of gloom. The Institute for Supply Management on Monday said that its index of factory activity came in at 52.8 last month, down slightly from June’s 53, but still above the […]