It’s rare to see Elon Musk and Jeff Bezos agree on things. The former is the richest man in the world with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk … Read more
Don’t miss these top money and investing features: Sign up here to receive MarketWatch’s top mutual fund and ETF stories by email! INVESTMENT NEWS AND TRENDS Welcome to the first Gen Z bear market Until recently, the main experience of young people in the market was that stocks almost always go up Read more The … Read more
When will you see less competition in the housing market? Getty Images Mortgage rates on 30-year fixed-rate loans have risen from around 3.5% earlier this year to over 5.6%, and the pros say they could rise (see lowest mortgage rates which you can claim here). Home prices have also risen steadily, rising about 20% from … Read more
Gen Z investors are experiencing their first bear market, and that’s a good thing. I’m referring to investors who were born after 1996 and are currently 26 or younger. They wouldn’t have been more than 12 years old when the last big bear market was in 2008, and they certainly weren’t paying attention to Wall … Read more
Geraldine Weiss, founding editor of the respected equity newsletter Investment Quality Trends, died on April 25 at the age of 96. I will leave the chronicle of her remarkable career to others, except to note that she overcame obstacles that most of us today cannot imagine. Sexism was so rampant when she started her newsletter … Read more
Architect and designer Thierry W. Despont, known for designing lavish homes and hotels around the world, is listing his personal Hamptons estate for $23.5 million. Set on around 34 acres, the Southampton property was a horse farm which Mr Despont converted into a residence with a separate guest house and pool house, according to Harald … Read more
Another U-turn Tuesday could be expected after a litany of concerns including stagflation dragged down the S&P 500 SPX below 4,000 for the first time since 2021. As investors try to regroup after the worst three-day stretch in two years, an additional day of selling for the S&P could be a good thing, says JonesTrading … Read more
Billionaire entrepreneur Mark Cuban thinks cryptocurrency is experiencing the same downturn that tech and internet companies experienced in the early 2000s. Bitcoin hit a 10-month low as the US. Shares continued to fall on Monday. And sales of non-fungible tokens, aka NFTs, fell between January and March 2022. Cuban addressed the crisis in a TWTR … Read more
“Over the past few months, my administration has been working closely with internet service providers. This is where the big companies have stepped up – urging them to lower their prices and increase their speeds,” said Biden at a White House Rose Garden event on the effort. “So eligible families can now select a plan … Read more
Florence Donatello’s “David” (c. 1435-1440) presides over the great hall on the second floor of the Bargello Museum, raised on a higher base than before (although a shorter one than the original 6-foot-tall column of the sculpture). Unlike the muscular, manly version of Michelangelo across town at the Accademia, Donatello’s “David” is a slender teenager, … Read more