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Real Estate

“Manhattan real estate sales plunge 38%, but cash deals hit all-time record”

“Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. Total sales volume fell to $4.4 billion in the quarter, with 2,242 apartments and… Continue Reading…

Cryptocurrencies

“The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards”

“2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by a… Continue Reading…

Stocks

“Twilio shares plunge 34% on light guidance”

“Twilio shares fell about 34% on Friday morning, a day after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook. Here’s how the company did: With respect to guidance, Twilio is calling for a fourth-quarter adjusted net loss… Continue Reading…

Economy

“Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection”

“…“Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by Mike Wilson write in a recent note to investors. “In our base case, 2023 now marks a modest earnings contraction (-3%… Continue Reading…

Stocks

“Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says”

“[Citi Research analyst Christopher Danley] “We maintain our belief that every company/end market will correct and we expect the SOX index to hit new lows and fall another 25%,” Danley said. Danley’s referring to the PHLX Semiconductor Index SOX, -0.28%, which is already… Continue Reading…

Stocks

“Stock market: Here’s what usually happens after a 20% plunge”

“…The S&P 500 has been higher three years later in eight out of nine cases in which the index has fallen 20% or more from an all-time high going back to 1957, according to research from Truist co-chief investment officer Keith… Continue Reading…

Stocks

“The stock market would plunge 33% if the [US] government defaults: Moody’s”

“”Stock prices would be cut almost in one-third at the worst of the sell-off, wiping out $15 trillion in household wealth. Treasury yields, mortgage rates, and other consumer and corporate borrowing rates spike, at least until the debt limit is… Continue Reading…

Stocks

“Amazon.com Plunge Hits Nasdaq Harder As Stock Market Drops…”

“The stock market was off its opening lows Friday morning as the Nasdaq composite took the hardest hit from weakness in Amazon.com (AMZN) in particular.Volume 0%  Amazon.com slid nearly 7% after the company reported second-quarter sales that missed views and gave a disappointing forecast… Continue Reading…

Cryptocurrencies

“Bitcoin climbs 8% as cryptocurrency market attempts a comeback from last week’s plunge”

“At around 3 p.m. London time, the price of the world’s most valuable digital currency climbed more than 8% to $53,757 a coin, according to data from Coin Metrics. Two smaller digital tokens, ether and XRP, rose 9% and 15% respectively. Last week, bitcoin slumped below… Continue Reading…

Business

“Visa profit falls 23% as payment volumes plunge”

“The payments processor said total spending decreased 10% on a constant dollar basis, and the number of processed transactions tumbled 13% from a year earlier. Cross-border volume slid 47% as the continuing global pandemic continued to hurt travel demand…” https://finance.yahoo.com/news/visa-profit-falls-23-payment-202056696.html… Continue Reading…