‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market and more than half of Americans are living paycheck to paycheck, making them more vulnerable to recession

Hi, MarketWatchers. Don’t miss these top stories. ‘There seems to be little relief in sight’: More than half of Americans are living paycheck to paycheck, making them more vulnerable to recession People living paycheck to paycheck were more likely to have experienced financially distressing events at some point over the last three years. Read More … Read more

M&A drivers tap the brakes on private deals as economy flashes yellow

While financial market turmoil in 2022 has created more opportunities to find interesting deals, M&A practitioners remain more cautious to hit the accelerator on acquisitions, a senior executive at an advisory firm told MarketWatch. “People will be disciplined on price,” said James McVeigh, founder and CEO of Cyndx Networks LLC. “Investments that would have been … Read more

The IPO Market Has Gone Cold. Getting It Going Again Is Likely To Take Some Time.

Elias Stein Text size The queue for initial public offerings is long, over 300 companies long. But precious few are proceeding: By June 17, only 47 companies, valued at $ 4.6 billion, had undergone traditional IPOs in 2022-74% below the same period in 2021, notes Dealogic. Most of the 47 have been tiny. Larger IPOs, … Read more

Stocks surge even though consumers feel lousy. Here’s why

Investors cheered the drop in the University of Michigan’s consumer sentiment reading in June. Why? Growing recession fears may mean that the Federal Reserve, which has begun to aggressively hike interest rates to fight inflation, could reverse course by the end of 2023 and cut rates again in order to deal with a slowing economy. … Read more

The FOMO investor- Part 2 of the “Personal Finance for starter” series

The FOMO investor- Part 2 of the “Personal Finance for starter” series Photo: iStock KEY HIGHLIGHTS This crowd mentality gives birth to speculation, which is uninformed and often not good for your investments. Tips are pieces of unverified information that claim to predict the movement of the price of a stock. Mumbai: GenZs are infamous … Read more

Many real-estate investors are taking a break in Finland

MANY real-estate investors have hit the brakes in recent times in Finland, reports YLE. The number of housing loans taken out for investment purposes decreased by about 25 per cent year-on-year between March and April. The Finnish Landlord Association has reported that investor interest in buying real estate has declined since last autumn, with a … Read more

6 Real Estate Investors on the Best Deals They’ve Scored on Houses

Stock-Asso / Shutterstock.com John Stuart Mill, a 19th-century British economist, shared in his 1848 book “Principles of Political Economy” this general thought: “Landlords grow rich in their sleep.” He was right. In the nearly 175 years since, tremendous wealth derived from investing in real estate has been passed from generation to generation. But you do … Read more

Could a housing slump threaten the stock market and the entire economy?

Homebuilders Lennar (LEN), whose shares are down nearly 45% this year, provided a dose of good news Tuesday. The company reported earnings and revenue that topped forecasts and said that new orders for homes were up 4% from a year ago. Shares of Lennar ticked up Tuesday on the news. Rival builder KB Home (KBH)which … Read more

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc.. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the … Read more

The Fed Can’t Make the Economy Better Says Ray Dalio

Interest rate increases by the Federal Reserve to subdue inflation are no panacea for the economy, says Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund manager. “I now hear it commonly said that inflation is the big problem. So the Fed needs to tighten to fight inflation, which will make things good … Read more