consumer services

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 »

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. Employees: The company faces one of the “worst downturns that we’ve seen in recent history” that will necessitate a scaling back in hires and resources. The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META, -0.76% 77,800 workers, …

Mark Zuckerberg issues dire economic warning to Meta employees Read More »

My account fell 20%, and my adviser couldn’t explain why. What’s the right move?

Should you ditch an adviser who can’t clearly communicate losses. to you? Getty Images/iStockphoto Question: I went through a 20% loss with my investments at a big bank. I was told by the adviser that my portfolio is made up of inflation-proof domestic and foreign investments, but the advisor was never able to explain the …

My account fell 20%, and my adviser couldn’t explain why. What’s the right move? Read More »

Here’s what one investor says he’s learned from Warren Buffett and Charlie Munger — and the mistakes he’s made

This year has been inescapably awful for investors, as this chart on first-half performance shows. So in an environment where every short-term move seems to be a bad one, it might be worth getting a longer-term perspective. Monish Pabrai, the founder of both the Pabrai Investment Funds and the Dhando Funds and an author on …

Here’s what one investor says he’s learned from Warren Buffett and Charlie Munger — and the mistakes he’s made Read More »