The SPAC boom brought a wave of companies to the public markets promising years of rapid growth and profits to investors. Two years since the boom began, many of these companies are already warning they may go bust. At least 25 companies that merged with special-purpose acquisition companies between 2020 and 2021 have issued so-called … Read more
There is hope for first-time buyers looking to enter the US housing market, but observers say they will have to be patient. After a two-year surge in home prices during the COVID-19 pandemic, the housing market is finally showing signs of cooling – in terms of demand and sales, if not those persistently high prices … Read more
Stocks are settling in for more choppy action, as investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday. But we’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who … Read more
Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did stocks trade? The Dow Jones Industrial Average DJIA rose 191.66 points, or 0.6%, ending at 32,120.28. The S&P 500 SPX gained 37.25 … Read more
WASHINGTON — Regulators proposed new disclosure and naming requirements for investment funds that tap into public angst regarding climate change or social justice, in an effort to address concerns about “greenwashing” by asset managers seeking higher fees. The Securities and Exchange Commission voted Wednesday to issue two proposals that aim to give investors more information … Read more
WASHINGTON — Regulators proposed new requirements for investment funds that tap into public angst about climate change or social justice, in an effort to address concerns about “greenwashing” by asset managers seeking higher fees. The Securities and Exchange Commission voted Wednesday to issue two proposals that aim to give investors more information about mutual funds, … Read more
The stock market, shocked by the Federal Reserve’s policy changes to fight inflation, has been gored this year, with growth and technology companies bearing the brunt of the biggest declines. Dividend stocks, in contrast, have actually risen. Below is a screen of the components of the S&P 500 High Yield Index expected to raise their … Read more
The stock market, shocked by the Federal Reserve’s policy changes to fight inflation, has been gored this year, with growth and technology companies bearing the brunt of the biggest declines. Dividend stocks, in contrast, have actually risen. Below is a screen of the components of the S&P 500 High Yield Index expected to raise their … Read more
Investors who bid up apartment-building prices to record levels over the past year are starting to come under pressure as rapidly rising interest rates squeeze their profits. Steeper borrowing rates make it harder for apartment landlords to pay back their loans. That could also be bad news for tenants, if it encourages building owners to … Read more
Stock index futures are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and portfolio manager at … Read more