Times News Network
Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Realtors describe the mayhem when it comes to prices. “It’s nuts,” … Read More “‘It’s nuts’: Realtors describe chaos in New York City’s hot rental market” »
Companies are trying to bring back employees into the office. Early data suggests that workers still aren’t that keen. According to a new report by Placer.ai, visits to office buildings have yet to catch up to pre-pandemic levels in such major employment centers as San Francisco, Manhattan and Chicago. In May 2022, visits to office … Read More “Office workers in San Francisco, Manhattan and Chicago are not returning to the office in significant numbers, research shows” »
Citigroup analysts have cut their S&P 500 target for this year by 500 points to 4,200, after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates. “Fed hawkishness and the rising real rate impact on valuations has been a defining feature” of the stock market drawdown in the first half of 2022, … Read More “Citigroup cuts S&P 500 target to reflect blend of recession, ‘soft landing’ scenarios” »
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” I’m referring to the indicator, first proposed by the Philosophical Economics blog in 2013, based on the average household’s portfolio allocation to equities. It is a contrarian indicator, with higher equity allocations associated with lower subsequent … Read More “The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’” »
The outlook for the semiconductor sector is moving from bad to worse, and investors appear to be moving their money into the software sector as a result. Pessimism about the future of the chip sector has been growing after a mixed round of forecasts in the second quarter, with analysts signaling that the pandemic-driven boost … Read More “Pessimism on chip stocks is hitting a new high, and the money seems to be flowing toward software” »
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely … Read More “I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now” »
By now even the most ardent tech and growth-stock enthusiasts realize the bull market is over. John Kornitzer’s approach to selecting high-quality stocks for the Buffalo Flexible Income Fund is one that has worked well during the bear market. High inflation, uncertainty in so many industries amid supply-chain issues and labor shortages, the Federal Reserve’s … Read More “This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks” »
The price is not right. That’s the verdict from strategists at Morgan Stanley and Goldman Sachs, who each warned as a new week kicked off that the stock market wasn’t fully pricing in a recession. And that’s as U.S. equities SPX, +2.48% were off to a solid start as trading resumed after Monday’s Juneteenth holiday. … Read More “Stock market is not fully pricing in a looming recession, say Morgan Stanley and Goldman Sachs” »
When former Purdue University student Matt Wilmsen decided to try a new loan-financing program that would help him avoid traditional student debt, he didn’t expect himself to be constantly grappling with the servicing of his loan for his $29,000 in student debt. From dealing with miscommunication between his college and the loan servicer, who ended … Read More “‘It was extremely difficult, before I got my monthly payments down, to be able to pay rent, buy food’: Purdue graduate slams alternative student loan, suspended by the university” »
How much do you really need in your emergency fund? Getty Images/iStockphoto You’ve likely long heard that you should have 6-9 months of expenses socked away in your emergency fund – ideally in a safe and accessible spot like a savings account (the good news: some financial institutions like these are now paying 1.25% or … Read More “As inflation hits a 40-year high, here’s how to rethink emergency savings” »
