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Real Estate

“Home Sales on Track for Slowest Year Since Housing Bust”

“…This year’s housing slowdown is very different from the previous one, after the housing bubble of the early 2000s burst. Back then, the economy entered a deep recession and millions of people lost their homes to foreclosure.  This time around, home… Continue Reading…

Banking

“Wall Street layoffs likely ahead as two-year hiring boom turns to bust”

“…IPO volumes have dropped a staggering 91% in the U.S. from a year earlier, according to Dealogic data. Companies are unwilling or unable to issue stock or bonds, leading to steep declines in equity and debt capital markets revenues, especially in… Continue Reading…

Stocks

“Amazon shares fall on bleak forecast and slowest growth since dot-com bust”

“Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44 billion vs. $116.3 billion expected,… Continue Reading…