New Orleans homeowner Lisa Tourtelot says homes were flying off the market in her neighborhood as recently as a month ago. Now, as she prepares to list her own house for sale, the homeowner is on edge. Mortgage rates, property taxes, and homeowners insurance are all on the rise, she says—developments the 36-year-old fears are … Read more
Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t … Read more
Text size Revlon hair products are shown at a Houston Walmart this month. Brandon Bell/Getty Images A disconnect has emerged between Revlon ’s surging stock and the depressed bonds of the bankrupt cosmetics company. Some Revlon debt trades at distressed levels of around 10 cents on the dollar, indicating pessimism among fixed-income investors about the … Read more
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 , and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks.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 … Read more
The job market is still really hot. But concerns about the economy have many people wondering if their jobs are secure enough to survive. In the past week, Tesla said it would lay off 10% of its white-collar workers and there have been layoffs and hiring freezes or slowdowns at Netflix, Carvana and Robinhood, among … Read more
Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read more
U.S. stock futures climbed, offering investors a reprieve from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling. Futures for the S&P 500 gained 1.8% Tuesday, while those for the Dow Jones Industrial Average added 1.7%. Contracts for the Nasdaq-100 jumped 1.9%. The U.S. stock market was closed Monday for the … Read more
JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 … Read more
Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read more
