Contract closings fell 5.4% in June, more than forecast Median selling price rose to a fresh record of $416,000 Sales of previously owned US homes fell in June to a two-year low as a surge in borrowing costs continues to...
Across the country, renters looking for new homes are facing dizzying double-digit rent increases. But you wouldn’t know it from the official federal tally of inflation data. In the last eight months, the rate of change in annual rental costs...
Bitcoin has lost around 58% of its value in the second quarter of 2022, its worst quarterly loss in more than a decade. This is the worst quarterly performance for bitcoin since the third quarter of 2011 when it lost...
The Nasdaq (^IXIC) and Russell 2000 (^RUT) are having their worst year ever. The Dow Jones Industrial Average (^DJI) is off to its worst start since 1962. And you'd have to travel back to 1970 for a worse first and...
The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as...
US stocks were lower, but barely changed, on Wednesday, with none of the three major averages logging changes larger than 0.2% At the closing bell on Wednesday the S&P 500 dropped 0.13% to settled at 3,579.89, while the Dow and...
With inflation hitting a 40-year high and gas breaking $5 a gallon, all eyes are on the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting. According to Drew Matus, chief market strategist at MetLife Investment Management, the Fed...
Vanguard has just dropped its annual blockbuster survey of all the millions of retirement plans it manages, called How America Saves, and it’s pretty astonishing reading — as usual. Bottom line: The average reported balance is dismal. Ignore the headlines,...
They are creations of easy credit, beneficiaries of central bank largesse. And now that the era of unconventional monetary policy is over, they’re facing a challenge like never before. They are America’s corporate zombies, companies that aren’t earning enough to...
Americans are nervously grappling with soaring gasoline prices and inflation, a plunging stock market and sharply rising interest rates. But they were doing pretty well last fall. Seventy-eight percent of households said they were “doing okay” financially or “living comfortably,”...
Cryptocurrency prices undermined by fears of recession. Tokens, which are supposed to reduce volatility, are collapsing. Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes,...
For the last year cryptocurrencies have traded increasingly like equities, making the U.S. central bank’s monetary policy one of the most important drivers of the crypto market’s performance. But crypto analysts and traders aren’t expecting market-shaking moves to follow the...
The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal Reserve's aim of cooling the housing market may be beginning...
U.S. Treasury yields slid Tuesday for a third straight day, amid signs that positioning for higher yields had become extreme, setting the stage for a snap-back. Those signs amplified fundamental concerns about the potential impact on global growth of new...
Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. The inflation surge in the United States picked up speed in March, as prices rose 8.5 percent compared...
