US existing home sales fall for seventh straight month in August, and the Fed is about to inflict ‘some pain’ with a 75 basis point rate hike – here’s how to prepare your wallet and portfolio

Hello, MarketWatchers. Don’t miss these top stories. Brace yourselves: The Fed is about to inflict ‘some pain’ with a 75 basis point rate hike. How to prepare your wallet and portfolio. This marks the Federal Reserve’s third rate hike of 75 basis points this year. Read more Sales of existing homes in the US fell … Read more

How to manage your finances when inflation is high, interest rates keep rising and research shows women’s financial well-being drops to five-year low

Hello, MarketWatchers. Don’t miss these top stories. ‘No wonder consumer confidence is down’: Women’s financial well-being dips to five-year low, survey finds Only 14% of women say they are prepared for a recession compared to 30% of men, according to a survey by Ellevest, a women’s investment platform. Read more The weekend reads: How to … Read more

These 20 S&P stocks tumbled as much as 21.5% in another brutal week for the market

Another tough week for U.S. stocks ended with oil producers shares falling and Ford Motor Co. fell further due to concerns over supply shortages. S&P 500 SPX, -1.72% fell 1.7% on Friday to a one-week drop of 4.6% as investors continued to worry about the Federal Reserve raising interest rates to tame inflation. Among the … Read more

Your city’s housing boom could go bust

The three most important things when it comes to the value of your home are still location, location and location. Americans worried that gains from the pandemic real estate boom will be wiped out by rising interest rates can take solace in the fact that nationwide declines in home prices are very rare. However, depending … Read more

Queen’s Bank Holiday Memorial Costs Economy Almost $2 Billion | The business | ABC News – ABC News (Australia)

Queen’s Bank Holiday Memorial Costs Economy Almost $2 Billion | The business | ABC NewsABC News (Australia)

Mortgage rates hit 6.29%, Freddie Mac says, and rents fell in August for the first time since November 2021

Hello, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents fell from July to August, and annual growth appears to be slowing. Read more How much should I tip my housekeeper? My husband says we should give the bare … Read more

Humana, CVS Circle Cano Health as Potential Buyers

Humana Inc. HUM 0.67% and CVS Health Corp. CVS 0.06% are circling Cano Health Inc., CANO 32.17% according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t … Read more

Larry Summers predicted inflation, but now he’s looking on the bright side

““I will give you a very simple economic truth: Would you rather live in a country that capitalists are rushing to enter, or would you rather live in a country that capitalists are rushing to get out of?”“ —Larry Summers Economist Larry Summers sounded the ultimate optimistic note on Wednesday about the US economy despite … Read more

US home sales and prices fell in August as mortgage rates rose

The U.S. housing market slowed for a seventh straight month in August, the longest stretch of declining sales since 2007, as higher mortgage rates continued to undercut buyer demand. Home sales look set to fall further in the coming months, economists say, as mortgage rates recently topped 6% for the first time since 2008, when … Read more

The number of millionaires will almost double around the world by 2026, and the US economy is losing billions of dollars a year due to the sharp decline in refugee admissions

Hello, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. Read more Which recession? The number of millionaires will almost double around the world by 2026 And China will add … Read more