The stock market is taking a breather on Wednesday, staying close to its peak levels. After a couple of days of big gains, investors are now wondering if the recent surge will continue. The S&P 500 is just a hair away from its all-time high, while the Dow Jones is down a bit, and the Nasdaq is up sl
The real estate market is feeling the pinch. In May, sales of new single-family homes took a nosedive, plummeting by 13. 7% compared to April. This drop brought the sales figure down to 623, 000 units on a seasonally adjusted, annualized basis. To put that into perspective, it's not just lower than
The Federal Reserve is thinking about making it easier for big banks to hold onto certain types of investments. This change could free up around $223 billion for some of the largest financial institutions in the country. The rule in question, known as the enhanced supplementary leverage ratio, was
Ever wondered how stock markets around the world stack up against each other? A recent study took a deep dive into this question using some clever math tricks. The goal was to spot patterns and figure out what makes each market tick. First, they grouped stock exchanges into clusters based on simila
The U. S. housing market is feeling the pinch. Home sales in May barely budged, rising just 0. 8% from April. This sluggish pace is the slowest for May since 2009, a year when the market was still recovering from a major crash. Compared to last year, sales dropped by 0. 7%, showing that the housing
The stock market felt the heat on a recent Friday, with the S&P 500 taking a small dip. Investors were keeping a close eye on the Middle East and wondering when the Federal Reserve might start cutting interest rates. The S&P 500 ended the day at 5, 967. 84, down by 0. 22%. The Nasdaq Composite also
On Friday, the stock market saw some significant shifts, with certain companies standing out for better or worse. Accenture, a big name in professional services, saw its shares drop by 6. 9%. Why? Their bookings for the last quarter didn't meet what analysts were expecting. Even though their sale
Autodesk is a big name in the tech world. Recently, a financial expert suggested that now might be a good time to invest in the company. This person thinks the stock could be worth a lot more in the future. They set a target price of 370 dollars per share. Right now, the stock is trading at around 2
The crypto world is buzzing with excitement. The Senate just passed a new law called the GENIUS Act. This law is all about setting rules for stablecoins. Stablecoins are a type of cryptocurrency that tries to keep its value steady, unlike other cryptocurrencies that can be very volatile. They are ba
A well-known investment company had a close call on a Wednesday. For a short time, the company's X account, which has a large following of 851, 000 people, was taken over by scammers. The hackers posted a fake message about a crypto "airdrop, " tricking many into thinking they could get free crypto.
