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Here’s how far house prices are set to fall as rates go up, according to this forecasting firm

Stocks are veering south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising US interest …

Here’s how far house prices are set to fall as rates go up, according to this forecasting firm Read More »

Did Tesla Lose the EV Crown? What to know.

Text size Shenzen-based BYD has overtaken Elon Musk’s Tesla as the world’s biggest electric vehicle producer by sales. Qilai Shen/Bloomberg Warren Buffett-Backed BYD sold more cars than Tesla during the first six months of the year, but that doesn’t mean it’s sold the most battery-only electric vehicles. First, the headlines. Shenzhen-based BYD (ticker: 1211.Hong Kong) …

Did Tesla Lose the EV Crown? What to know. Read More »

Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.

Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were largely unchanged on Monday, with digital assets continuing to trade at depressed levels following a stark selloff this year. The price of Bitcoin rose less than 1% over the past 24 hours to …

Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move. Read More »

Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too.

Text size Bond markets are pricing in significant additional interest-rate hikes this year, but some stock analysts’ earnings forecasts remain optimism. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months were historically bad for stocks, bonds, cryptocurrencies, and practically every other asset class outside of commodities. Despite its late …

Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too. Read More »

Prices of Oil, Wheat, and Copper are Falling. What It Means.

Elias Stein Text size Interpreting commodity prices is a challenge. Prices of commodities like oil, wheat, and copper are sliding as recession concerns grow. In theory, a weaker economy reduces demand. Construction slows—copper is used in wiring and plumbing—as do sales of anything electrical. Experts differ on what this means. “Fears of a global recession …

Prices of Oil, Wheat, and Copper are Falling. What It Means. Read More »

NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too.

Text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li Auto (LI), and XPeng …

NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too. Read More »