The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust. Ian Shepherdson, chief economist and founder of research consulting firm Pantheon Macroeconomics, is predicting a dramatic fall in the pace of home sales this year. In a research note, he projected that existing-home sales will […]
US stocks declined and oil prices rose as investors reacted to new Federal Reserve commentary following major indexes’ strong finish last week. The S&P 500 traded down 0.6% in afternoon trading, turning lower after comments from Fed Chairman Jerome Powell about the possibility of more aggressive interest-rate moves to tame inflation. Treasury yield rose following […]
An iconic Andy Warhol silk-screen portrait of Hollywood starlet Marilyn Monroe is headed to Christie’s in New York later this spring for $200 million—a record asking price for any artwork at auction. The 3-foot square silk-screen from 1964 depicts a promotional photo from the actress’s film “Niagara.” The artist transformed the actress into a pop-art […]
5G, 5G, 5G! Carriers and smartphone makers can’t stop talking about how fast the fifth-generation mobile network is. Is the much-hyped technology worth a device upgrade? 5G is fast—when you can find it—but as my week of battery tests show, it’s a power hog, and there are no killer apps requiring the high data speeds […]
Manufacturers with Russian ties are working to figure out how to survive, after sanctions leveled on Russia over recent weeks curb the flow of goods and money between the country and Western markets. Sanctions, and private companies’ moves to pull back from Russia, have upended operations for companies whose ownership and supply chains link back […]
Investors are piling back into US stocks, betting that the domestic equity market can withstand new economic headwinds better than other parts of the world. The US, by contrast, is less reliable on Russian oil, while counts of Covid-19 patients admitted to hospitals have fallen substantially. And many investors believe the US economy entered the […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. The turbulence follows a year-long slide that had already caused widespread investor losses. Trillions of dollars in market value across American depositary receipts, Hong Kong shares and other Chinese stocks have […]
Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. The turbulence follows a year-long slide that had already caused widespread investor losses. Trillions of dollars in market value across American depositary receipts, Hong Kong shares and other Chinese stocks have […]
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