S&P 500 breaks below key level for first time since March as stocks erase summer gains
The S&P 500 index capped off a busy week for U.S. markets on Friday by breaking below its 200-day moving average for the first
20-Year Treasury Auction Shows Strong Demand. Bond Buyers See Opportunity.
The latest auction of longer-dated government debt showed strong demand from yield-hungry buyers, potentially helping to allay concern among investors following weak sales of
U.S. housing starts rebound in September after sharp drop in prior month
The numbers: Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop
What’s fueling consumers’ ‘surprising’ spending power? Refinanced mortgages play a role, NY Fed says
As high inflation and high interest rates have pummeled consumers, many observers expected consumer spending to slow down this year, but instead, spending has
Indian States Forecasted to Boost Capital Expenditure by 29% In FY24
Aditi Nayar, ICRA’s chief economist, anticipates a 29% surge in capital expenditure by 13 key Indian states to Rs 6.2 lakh crore in FY24,
Big Nasdaq-100 Stocks Sell Off To Support Levels: Apple, NVIDIA, Tesla
The major tech and social media components of the Nasdaq-100 got dumped this week as investors grappled with the meaning of even higher Treasury
These Overblown Worries Set Up This 10% Yields In 2024
Look, I’ll be honest: I’m bullish on our favorite income investments, high-yield closed-end funds (CEFs), as we head toward 2024. Fact is, these overlooked
Airport lounges are booming, and everyone wants in
Travelers are flocking to airport lounges in search of complimentary food, drinks and perhaps most importantly, a chance to relax away from the hordes
The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back
Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it’s scaring
After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras. In mid-2023, Americans’
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