Real Estate Titan Zillow Sees Tough Times Ahead in Housing
The residential real estate market has stumbled, after soaring in the first 18 months of the covid pandemic.
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ReutersPrada seeks $1 billion valuation in Milan listing - Bloomberg News
The offering would likely take place next year with the company looking to raise funds by selling new shares in Milan, the report said, citing people familiar with the matter. A dual listing in Europe would help the Hong Kong-listed luxury group widen its investor base as some funds can only put money into European or U.S. stocks. Prada's Chairman Paolo Zannoni said last month a secondary listing in Milan is a possibility but not a priority for Prada, adding that no decision had been taken on the issue.
- MarketWatch
Good news for retirees and retirement savers — inflation may be working in your favor
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what the “real” inflation rate is—more on that below). Meanwhile, your ability to earn a guaranteed rate of return on risk-free investments, regardless of what happens to inflation, actually went up.
- Fort Worth Star-Telegram
The interior of this Oklahoma house has Zillow Gone Wild in a tizzy. Come see why
“Mentally, I’m here.”
- GOBankingRates
Can a Retired Person on Social Security Get a Mortgage?
Every person takes a different life path. You hear of older or retired individuals getting married or enrolling in college all the time. Age doesn't preclude enjoying the perks of home ownership,...
- Fortune
The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street
On Friday, five of China's biggest state firms announced their exit from Wall Street. More delistings could be on the way as Washington and Beijing remained embroiled in a dispute over audit rules for U.S.-listed Chinese companies.
- Reuters
Brazil's central bank chief predicts end of credit cards
BRASILIA (Reuters) -Brazil's central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which clients authorize financial data sharing with different institutions. Open finance is a central bank project that has been implemented in phases since 2021. Speaking at an event about cryptocurrencies, Campos Neto projected that, through the system, users will control all aspects of their financial life in one "integrator" on their mobile, rather than having many apps from different banks.
- CBS MoneyWatch
How much of a down payment do you need for a house?
If you're planning on buying a house, then you'll need money for a down payment – but exactly how much you'll need depends on a variety of factors.
- Motley Fool
Should You Take This Piece of Dave Ramsey Advice Now That Mortgage Rates Are Higher?
If you're in the market to purchase a home, you're no doubt aware that mortgage rates have been on the rise since the start of 2022 -- and they don't seem to be creeping back down toward the record lows borrowers enjoyed during the second half of 2020 anytime soon. Meanwhile, financial expert Dave Ramsey is a huge advocate of minimizing consumer debt. Or will doing so leave you with unbearably high housing costs you can't keep up with?
- Motley Fool
3 Semiconductor Stocks That Could Help Set You Up for Life
Many semiconductor stocks slumped this year as investors fretted over concerns about slowing sales of PCs and smartphones, the potential overproduction of chips in response to the global chip shortage, and more conservative enterprise spending in a tougher macro environment. As a result, the Philadelphia Semiconductor Sector index has declined about 24% this year as the S&P 500 retreated just 12%.
- BBC
Rakesh Jhunjhunwala: Tributes for India's 'stock market king' who died at 62
Rakesh Jhunjhunwala, also known as "the big bull" of Indian markets, has died at the age of 62.
- Motley Fool
Nasdaq Bear Market: 5 Brilliant Growth Stocks You'll Regret Not Buying on the Dip
These innovative growth stocks are ripe for the picking following a 34% peak plunge in the Nasdaq Composite.
- Business Insider
'Big Short' investor Michael Burry issues a grim warning about runaway consumer debt - and says the stock-market rally won't last
Americans are racking up credit-card debt and tapping their savings in response to inflation, paving the way for economic disaster, Burry said.
- TipRanks
Morgan Stanley Bullish on These 2 Stocks for at Least 40% Upside; Here’s Why
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
- MarketWatch
I’m close to retirement and I own 2 homes. If I sell my primary home, I’ll get $100K. My plan is to rent a place for $1,400. Is that a good idea?
Airbnb owners have made a killing over the last few months as millions of Americans resumed their vacation plans after the worst of the COVID-19 pandemic. In other words, you’re gonna be minting money from that Airbnb.
- MoneyWise
Kevin O'Leary says these are the best assets to own as inflation stays white hot
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
- Simply Wall St.
Southwest Airlines (NYSE:LUV) Could Be Struggling To Allocate Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
- MoneyWise
How can I generate some steady income in this volatile market? Here are 3 top-rated stocks yielding up to 7.5% (with fat upside to boot)
The market is unstable. Your portfolio doesn’t need to be.
- MoneyWise
‘It’s going to be government money’: Jim Rogers just issued a serious warning to crypto investors — here are the 2 shockproof assets he likes instead
Rogers knows how to survive — and thrive — in turbulent times.
- TheStreet.com
Bally's Close to Making a Huge Las Vegas Strip Deal
In early August, Bally's Corp. stock tumbled after the casino operator cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. "Given commentary around the guidance cut, we expect the miss on margins reflects difficulties improving profitability at Bally's Atlantic City," Stifel analyst Jeffrey Stantial said in a recent note, according to Casino.org. Bally's hopes to close its $308 million purchase of the Tropicana as soon as next month, though the company doesn't have plans to upgrade the property for at least a year.
- American City Business Journals
Median sale price for San Francisco homes falls nearly 20% since spring
New data released this week by Compass Real Estate reveals that the median sales price for a home in the city — now at $1.68 million — dropped 10% from June to July and has fallen 18% since its all-time high of $2.05 million in April. Markets across the region have continued to slow and cool, with shifts in buyer demand, inventory, overbidding, price reductions and year-over-year appreciation rates, according to Compass (NYSE: COMP) Chief Market Analyst Patrick Carlisle, who noted that over 5,200 home sales were reported to MLS from Napa County to Monterey in July — many of them still selling quickly for over asking price — but that number was down 38% from last year. In the inner East Bay — a region that includes Oakland, Alameda, Emeryville, Berkeley and Richmond — the median home sales price is down 12.5% to $1.223 million from the area's high of $1.4 million in April and May. Compared to last July, that section of the East Bay has now seen a slight reduction in median sales price, which stood at $1.225 million in the summer of 2021.