US new home sales surpassed March estimates, reporting 693,000 sales month-over-month while falling 2% on an annual basis. The inventory crunch and relatively high property loan rates have subsequently put a bind on the US housing industry, which may be opening up more buying opportunities for new homes. Additionally, S&P Global’s US Manufacturing Purchasing Managers’ … Read more
Homebuilder confidence has held and remained the same in recent months as new home sales dropped. property loan rates have been at the root of many problems afflicting the US housing industry and now they are starting to take a toll on homebuilder shares; things could get even uglier as rates consistently move between 7% … Read more
With home loan rates now above 7%, the supply of homes low, and demand remaining high — all according to a Zillow report — new homebuyers would need to make over six figures to afford a house. The US housing industry’s seemingly insurmountable barrier to entry has left younger generations resigned to rent for the … Read more
A sinking fund — an account dedicated to strategically setting aside money over time to achieve a specific financial goal — could prove valuable for individuals managing significant life costs. Yahoo financial Contributor Ross Mac joins this Wealth! segment to discuss the benefits of leveraging a sinking fund as an incremental planning tool for upcoming … Read more
Tesla (TSLA) is asking shareholders to vote to reinstate Elon Musk’s $56 billion pay package at its June 13 meeting. Yahoo financial Legal Reporter Alexis Keenan details how investors are viewing this situation after the Delaware Chancery Court already rejected Musk’s original claims for his sizable pay package and how much more legal scrutiny this … Read more
UBS Chief capital US Equity Strategist Jonathan Golub downgraded the “Big Six” tech equities – Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT) — from Overweight to Neutral citing “difficult comps and cyclical forces weighing on these equities.” In addition, Golub claims that the monumental earnings that catapulted these companies … Read more
As big names in tech Amazon (AMZN) and Microsoft (MSFT) gear up to report their latest quarterly earnings, many on Wall Street look towards this week for a signal as a to how the sector may move, considering the weight of these companies within the S&P 500 (^GSPC). But, could there be more to the … Read more
Over the weekend, bitcoin (BTC-USD) went through its halving event, which is where the reward for mining bitcoin is reduced by half once every four years. With the event came rising optimism in the cryptocurrency space from mining operators, but did it bring new opportunities for those looking to invest in the digital asset? 401 … Read more
With a litany of economic data released this week, including Friday’s Personal Consumption Expenditures (PCE) Index, the debate as to when the Federal Reserve will cut finance charge rates continues. While some parts of the economy have cooled, the US labor industry has consistently reported huge jobs gains. On top of managing its dual mandate … Read more
This week a litany of economic data will be released with the latest reading of the Personal Consumption Expenditures (PCE) index, also known as one of the Fed’s preferred inflation gauge, will be released on Friday. With the debate over what the next policy decision from the Federal Reserve could look like raging on, many … Read more