finance on localnews page 83

finance

New Homes Sitting Unoccupied: What's Going On?

June 25, 2025

The real estate market is feeling the pinch. In May, sales of new single-family homes took a nosedive, plummeting by 13. 7% compared to April. This drop brought the sales figure down to 623, 000 units on a seasonally adjusted, annualized basis. To put that into perspective, it's not just lower than

finance

Big Banks Get a Break: Fed Considers Easing Rules

June 25, 2025

The Federal Reserve is thinking about making it easier for big banks to hold onto certain types of investments. This change could free up around $223 billion for some of the largest financial institutions in the country. The rule in question, known as the enhanced supplementary leverage ratio, was

finance

Unlocking Stock Market Secrets: A Smart Way to Understand Global Trading

June 25, 2025

Ever wondered how stock markets around the world stack up against each other? A recent study took a deep dive into this question using some clever math tricks. The goal was to spot patterns and figure out what makes each market tick. First, they grouped stock exchanges into clusters based on simila

finance

Home Sales Stagnate: High Rates and Prices Challenge Buyers

June 23, 2025

The U. S. housing market is feeling the pinch. Home sales in May barely budged, rising just 0. 8% from April. This sluggish pace is the slowest for May since 2009, a year when the market was still recovering from a major crash. Compared to last year, sales dropped by 0. 7%, showing that the housing

finance

Markets Wobble as Middle East Tensions and Rate Cuts Loom

June 21, 2025

The stock market felt the heat on a recent Friday, with the S&P 500 taking a small dip. Investors were keeping a close eye on the Middle East and wondering when the Federal Reserve might start cutting interest rates. The S&P 500 ended the day at 5, 967. 84, down by 0. 22%. The Nasdaq Composite also

finance

Market Moves: A Look at Friday's Winners and Losers

June 21, 2025

On Friday, the stock market saw some significant shifts, with certain companies standing out for better or worse. Accenture, a big name in professional services, saw its shares drop by 6. 9%. Why? Their bookings for the last quarter didn't meet what analysts were expecting. Even though their sale

finance

Autodesk: A Look at the Tech Giant's Future

June 19, 2025

Autodesk is a big name in the tech world. Recently, a financial expert suggested that now might be a good time to invest in the company. This person thinks the stock could be worth a lot more in the future. They set a target price of 370 dollars per share. Right now, the stock is trading at around 2

finance

Crypto Wave: How New Laws Boosted Coinbase and Circle

June 19, 2025

The crypto world is buzzing with excitement. The Senate just passed a new law called the GENIUS Act. This law is all about setting rules for stablecoins. Stablecoins are a type of cryptocurrency that tries to keep its value steady, unlike other cryptocurrencies that can be very volatile. They are ba

finance

Crypto Scam Alert: Big Investor's Account Hacked

June 19, 2025

A well-known investment company had a close call on a Wednesday. For a short time, the company's X account, which has a large following of 851, 000 people, was taken over by scammers. The hackers posted a fake message about a crypto "airdrop, " tricking many into thinking they could get free crypto.

finance

The Big Shift: Pensions and Politics

June 19, 2025

The French government is considering a major overhaul of its pension system. This isn't just about numbers and budgets. It's about power and politics. A group of experts from a massive American finance company, BlackRock, have shared their ideas. They want to change how pensions work. Instead of the