Category: Market

The Stock Market Has Become a Casino, Thanks to Stimulus Checks
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The Stock Market Has Become a Casino, Thanks to Stimulus Checks

Stimulus checks could be powering the stock market rally. A considerable number of first-time traders are betting on the market right now. Analysts say that could be dangerous because these traders lack commitment. As the U.S. economy plunges into recession, the big question on Wall Street is how the stock market can be pulling off…

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This Stock Market Rally Isn’t For Real — Here’s Why
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This Stock Market Rally Isn’t For Real — Here’s Why

A widely followed Wall Street survey shows that more than two-thirds of professional investors think the recent stock market jump is just a bear market rally. Recovery likely won’t be V-shaped as a second Covid-19 wave might hit in the fall. A stock market crash is likely as stocks are overvalued. According to the Bank…

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The U.S. Housing Market Crash Has Begun, Unofficially
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The U.S. Housing Market Crash Has Begun, Unofficially

New homes in the U.S. are being listed at a discount. The lack of liquidity could force more sellers to list their properties at lower prices. Uncertain times ahead for the U.S. housing market as the coronavirus wrecks the economy. The novel coronavirus pandemic is about to wreak havoc on the U.S. housing market. That…

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Housing Market Shines a Hopeful Beacon for a Plague-Ravaged Economy
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Housing Market Shines a Hopeful Beacon for a Plague-Ravaged Economy

Mortgage applications for home purchases rose for a third straight week, indicating that demand remains strong despite the coronavirus pandemic. Applications could spike even further as more states begin to revoke their stay-at-home orders. Will the pent-up demand seen in the housing market translate to other sectors of the economy too? In an economy ravaged…

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The U.S. Housing Market Could Be Crushed as Home Flipping Returns
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The U.S. Housing Market Could Be Crushed as Home Flipping Returns

Opendoor decides to restart. Housing demand in the U.S. has tanked, and credit has tightened. Job losses add to the uncertainty surrounding the market. As millions of Americans continue to file for unemployment benefits due to the lockdown, the housing market has started feeling the heat. Home sales have started heading south in good measure, but…

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Why the Housing Market Will Defy This Spooky Great Recession Echo
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Why the Housing Market Will Defy This Spooky Great Recession Echo

In a spooky financial crisis echo, the gap between mortgage rates and Treasury bond yields is at its widest mark since 2009. Mortgage rates are low, but they should be even lower by historical standards. Here’s why the housing market will continue to recover anyway. Treasury bond yields and mortgage rates typically move in tandem,…

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Back Market raises $120 million for its refurbished device marketplace
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Back Market raises $120 million for its refurbished device marketplace

French startup Back Market has raised a new $120 million funding round from Goldman Sachs, Aglaé Ventures and Eurazeo Growth. The company operates a marketplace for refurbished smartphones and electronics devices. Back Market doesn’t refurbish devices in house. Instead, it partners with certified sellers and let them list their items on the site. The startup…

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