Mortgage rates aren’t hampering millennials’ homebuying interest
Millennials are the only generation showing increased interest in buying a home in the next six months, according to a new survey by Realtor.com.
The survey, conducted this spring, found that 23% of millennials plan to buy a home, up from 15% in September 2024.
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Read MoreInvesting High in the Sky and Deep in the Ocean
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we went up in the sky to learn what it will take to fix the US air traffic control system and deep in the ocean for the story of the undersea cables that carry 99% of the world’s internet traffic.
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Read MoreSEC Flags Concerns on Crypto ETFs Offering Staking Rewards
A potentially watershed effort to launch US crypto exchange-traded funds that offer staking rewards is throwing up regulatory doubts, even after the funds said they received initial SEC registration approval.
Issuers REX Financial and Osprey Funds are targeting to launch ETFs tracking Ethereum and Solana that offer staking exposure,
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Read MoreStock market today: Dow, S&P 500, Nasdaq mixed as US-China trade tensions flare up again
In May, economic activity in the US manufacturing sector contracted further.
The Institute for Supply Management’s (ISM) manufacturing PMI registered a reading of 48.5 in May, up from April’s reading of 48.7. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction.
Read MoreHow RBI’s 50 bps rate cut will affect debt mutual fund returns — insights from experts
The Reserve Bank of India has delivered a double booster shot for the economy, slashing the repo rate by 50 basis points to 5.50% and cutting the Cash Reserve Ratio (CRR) by a full percentage point, a move that is likely to reshape the outlook for debt mutual fund investors.
The CRR reduction,
Read MoreThe Burst
Buffett Stock Set For Monster Comeback?
It’s been a brutal year for RH, better known to most as Restoration Hardware, a stock Buffett holds in his Berkshire Hathaway portfolio. The bear market has wiped out more than half of its value this year. At last count, it was down 53%.
Even the best stocks get taken out to the woodshed and chopped in a bear market.
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Read MoreThe Ivy
Market Commentary: Is Disney Stock About to Get Nuked?
Disney is a well-known brand that has had a significant impact on popular culture for over a century. It all started with a mouse, but the company has since expanded to include the Star Wars, Marvel, and Pixar brands, as well as streaming services and theme parks.
Despite its success, Disney is no stranger to controversy.
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