DOW Plunges 1,100 Points As 10-Day Losing Streak Hits, Longest Downturn Since 1974
The Dow Jones Industrial Average plunged Wednesday, snapping its longest losing streak in nearly half a century after the Federal Reserve issued a lackluster economic outlook. Down 1,123 points, or 2.6%, the blue-chip index is now on its 10th straight day of declines, a stretch last seen during Gerald Ford’s presidency from September 20, 1974 […]
‘More To Worry About’: Billionaire Investor Says ‘Uncertainty’ From Harris Joining Race Led To Market Downturn
Billionaire investor Ken Fischer said Wednesday that Vice President Kamala Harris' sudden entry into the presidential race has created unpredictable events that have caused the stock market to plummet. Dow Jones Industrial Average Closed Stock indexes fell 2.6% on Monday, with the S&P 500 plunging 3% and the Nasdaq dropping 3.43%, after a disappointing jobs […]
REPORT: Real Estate Downturn Could Destroy More Than 300 Banks
An analysis released in early June suggested that more than 300 banks could be at risk if the current commercial real estate downturn continues. Some 300 banks have so many loans on their books dedicated to commercial real estate that if the economy crashes in the worst-case scenario, all of their Tier 1 capital could […]
10 counties at the lowest risk for a housing downturn in 2023 | National
Housing inventories remain at historic lows earlier this year, but prices are well above pre-COVID-19 pandemic standards. And in some markets, rising interest rates are driving home-buyer affordability off a cliff. Experts warn that the bubble must burst because house price gains in the post-Great Recession recovery were unsustainably pushed up by pandemic-era low interest […]
