Finance

New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available homes for sale. In …

The draw of bargains may be fading. As three of the nation’s biggest retailers kick off key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade. He’s blaming a list of headwinds weighing on consumers including inflation, higher …

Passengers return from Nanjing Railway Station in Nanjing, Jiangsu province, China, Oct 6, 2023. Nurphoto | Getty Images BEIJING — China’s big “Golden Week” holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover, according to official figures. Those numbers for the eight-day …

There may be advantages to owning corporate bonds right now. JPMorgan’s Bryon Lake believes his firm’s Ultra-Short Income ETF (JPST) is ideal for those looking to make money outside the volatile stock market. “Some of the corporates got higher quality than the U.S. government [bonds] right now,” he told CNBC’s …

The U.S. Department of Labor building in Washington, D.C. The Washington Post | The Washington Post | Getty Images There’s a ‘tsunami’ of rollovers to IRAs IRAs held about $11.5 trillion in 2022, almost double the $6.6 trillion in 401(k) plans, according to the Investment Company Institute. More than 4 …

Pictured here is an exhibition on big data for transportation in Chongqing on Oct. 21, 2020. China News Service | China News Service | Getty Images BEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones. …

JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right …

Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023. SAUL LOEB | Getty Violent moves in the bond market this week have hammered investors and renewed fears of a recession, …

Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through five percent in the next couple of weeks. “I don’t think we’re near the end of this move in the bond market,” the Bianco Research president told CNBC’s “Fast Money” on Tuesday. …

“Financial inclusion,” defined as individuals and businesses having access to useful and affordable financial products, has declined in the U.S., according to new industry research. The U.S. fell to fourth place, from second, this year in the second annual Global Financial Inclusion Index compiled by the Centre for Economics and …