Investing
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Investors are building a record number of homes — solely to rent out. Will this hurt aspiring homeowners?
As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also known…
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Palo Alto Networks promoted to S&P 500, replacing Dish Network
Shares of Palo Alto Networks Inc. rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index. Palo Alto Networks PANW, +0.21% shares surged as much as 5% in after-hours trading, following the announcement that Palo Alto Networks will replace Dish Network…
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Americans expect inflation to stay painfully high. That’s good news for stocks.
Headline inflation may have come down over the past year, but consumers’ expectations about future inflation have not. In fact, five-year expected inflation has been inching up rather than down in recent months, according to the University of Michigan consumer survey. The median expectation is that inflation will run at a 3.1% annualized pace over…
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WeQuit: WeWork bonds sink after top executives resign from cash-burning company
WeWork Inc. bonds have been sinking deeper into distressed territory after two top executives left the company on the heels of a complex debt restructuring. WeWork’s roughly $163 million of 7.875% bonds due May 2025 were trading hands at about 45 cents on the dollar on Thursday, down from about 55 cents in mid-May, according…
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Netflix shareholders reject executive pay packages in symbolic vote
In a largely symbolic vote, Netflix Inc. shareholders on Thursday rejected lucrative compensation packages for the streaming company’s top executives. Netflix’s NFLX, +2.00% board had unanimously recommended the pay packages, and can overrule the vote the next time it meets. The Writers Guild of America, whose members are striking over issues that include pay, had…
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America’s latest pullback from the debt-ceiling cliff won’t be its last
With Congress raising the debt-ceiling and both sides of the aisle grumbling about the outcome, the debate over the mechanics of paying for the U.S. government’s obligations and the close call with default now fades back into obscurity. Until the next time. Assuming Congress won’t do away with the debt ceiling and push all spending…
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Bilibili shares slip in Hong Kong amid growth concerns
Bilibili’s shares fell in early Asian trading Friday, as investors weighed tepid near-term growth prospects even as the company’s bottom line improved in its latest quarterly results. Bilibili’s Hong Kong-traded shares HK:9626 were 3.3% lower at HK$120.00, bucking a rally in tech stocks in the Asian financial hub. The Hang Seng Tech Index was up…
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Salesforce predicts record earnings, but the stock is still falling
Salesforce Inc. executives predicted record adjusted earnings in the second quarter and increased their guidance for record profit for the full year Wednesday, but shares still declined about 6% in after-hours trading. Salesforce CRMhas easily been the biggest gainer among Dow Jones Industrial Average DJIAcomponents this year, increasing more than 65% amid a wave of…
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I’m drowning in debt: Why can’t I be on somebody’s list who is giving money away?
Got a question about the mechanics of investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at [email protected].  Dear Fix My Portfolio, I recently read the article you wrote about a person who had $5 million+ and…
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Ryan Serhant on real estate: Bedrooms and home offices rank over price per square foot
Risk of a banking-sector collapse, wobbly stock investments and forever changes to where and how people work after the global pandemic revealed the upside of flexible jobs are just some of the drivers impacting high-end real estate — in fact, housing markets broadly. On top of that, the inventory of listings remains historically lean, forcing…