Goldman Sachs expects more China real estate defaults, switches to bear case

Real estate and related industries account for more than a quarter of China’s economy, according to Moody’s estimates. CFOTO | Future Publishing | Getty Images BEIJING — Chinese real estate defaults have increased so much that Goldman Sachs analysts have shifted to their worst-case scenario for the riskiest part of the market. Twenty-two China high-yield … Read more

Inheriting a house? Read this before you make any rash decisions

Leaving behind a home for a loved one to inherit is a huge gift, but without the right planning, it could be an equally large headache.  Beneficiaries must juggle many considerations when they inherit a home, especially if they’re sharing that gift with siblings or others. There are tax implications whether they keep or sell … Read more

Nvidia, Macy’s, Zoom, Costco, Snowflake, and Other Stocks to Watch This Week

Text size Uncredited First-quarter earnings season winds down this week, but with more than a dozen S&P 500 companies left to report. Economists will be watching the latest Federal Reserve meeting minutes and data on consumer earnings and spending and business investment. Advance Auto Parts and Zoom Video Communications will be Monday’s highlights, followed by … Read more

Nvidia, Macy’s, Zoom, Costco, Snowflake, and Other Stocks for Investors to Watch This Week

Text size Uncredited First-quarter earnings season winds down this week, but with more than a dozen S&P 500 companies left to report. Economists will be watching the latest Federal Reserve meeting minutes and data on consumer earnings and spending and business investment. Advance Auto Parts and Zoom Video Communications will be Monday’s highlights, followed by … Read more

Our great hybrid work experiment got things wrong. How to fix it.

Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by … Read more

managing your financial life using digital coins

Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky.  Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins … Read more

Existing home sales fell in April to lowest level since start of pandemic

A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Sales of previously owned homes in April fell to the lowest pace since the Covid pandemic started, according to the National Association of Retailers. Existing-home sales declined 2.4% compared … Read more

5 economists and real estate pros on what mortgage rates will look like for 2022

What should you expect for mortgage interest rates in 2022? Getty Images/iStockphoto Mortgage rates have reached their highest point in 13 years, according to Bankrate’s national survey of lenders. And many pros say that upward climb may not have hit its peak. Indeed, we asked five pros to tell us: What will happen to mortgage … Read more

Strategist discusses getting a mortgage when rates are rising

Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more