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 MoreTrade war: US hiring slows but employment resilient
The US economy saw a slowdown in hiring but no leap in unemployment last month as the impact of Donald Trump’s trade war continues to play out.
Official data, which strips out the effects of seasonal workers, showed 139,000 net new jobs were created during May.
Market analysts and economists had expected a figure of 130,000 –
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Read MoreThe Burst
Is Crypto Dead?
Is crypto dead? This question has been on the minds of many investors in recent months, with the leading cryptocurrency, Bitcoin, down over 50% in the last year and the entire market losing $2 trillion in value.
With cryptocurrency being one of the most polarizing topics in economics today, there are countless opinions on whether this crash signals the end of crypto or it is a market correction that was inevitable before the next bull market comes running.
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Read MoreThe Ivy
Market Commentary: Is The Stock Market Manipulated?
Is the stock market manipulated? Of course, it is. Here are five prime examples of how nefarious traders can manipulate share prices to profit:
- Fake news: They spread false or misleading information about a company or its stock in order to drive the price up or down. For example, a trader might spread rumors that a company is about to announce good news,
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