OPEC+ to Weigh Production Cut to Bolster Oil Prices

OPEC+ to Weigh Production Cut to Bolster Oil Prices

OPEC+ is set to consider Wednesday its most drastic reduction in production since the pandemic began in order to help prop up falling oil prices, a move that could put pressure on global economic growth. The Organization of the Petroleum Exporting Countries and Moscow-led allies, collectively known as OPEC+, is considering a cut of more … Read more

The major county in America where home prices just dropped the most is …

The major county in America where home prices just dropped the most is …

Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there … Read more

Central Banks’ Higher Rates, Bond Sales Clash With Government Needs

Central Banks’ Higher Rates, Bond Sales Clash With Government Needs

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UK Prime Minister Liz Truss Admits Mistake in Communicating Economic Plan

UK Prime Minister Liz Truss Admits Mistake in Communicating Economic Plan

LONDON—UK Prime Minister Liz Truss said that her government could have done a better job preparing financial markets for a surprise tax-cut plan funded by increased debt, but otherwise defended the package of economic measures. “We should have laid the ground better,” Ms. Truss said in an interview with the British Broadcasting Corp. on Sunday. … Read more

Stocks and bonds are ‘discounting for a disaster’ after the worst stretch for investors in 20 years

Stocks and bonds are ‘discounting for a disaster’ after the worst stretch for investors in 20 years

Things could always get worse. The S&P 500 index SPX, -1.51% on Friday cemented its worst monthly percentage fall since the pandemic lockdowns of March 2020, but also joined the Dow Jones Industrial Average DJIA, -1.71% and Nasdaq Composite Index COMP, -1.51% in booking the worst, first 9-month stretch since 2002, according to Dow Jones … Read more

Britain’s Financial Disaster Is a Warning to the World

Britain’s Financial Disaster Is a Warning to the World

A toxic mix of politics, inflation and higher interest rates is threatening the financial system in the UK, sending a shock wave through global markets and providing a warning to governments everywhere of the dangers of the new economic era we are entering. A surprise tax cut by the new British government just over a … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

‘Painfully slow capitulation’: Why investors keep getting inflation wrong

‘Painfully slow capitulation’: Why investors keep getting inflation wrong

A brutal third quarter in financial markets came to a close on Friday and one thing is overwhelmingly clear: Inflation is the single most important factor driving asset valuations right now and yet few, if any, people are able to accurately predict where it’s likely to go. . The reason? Professional forecasters, policy makers and … Read more

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their only valuable resource left. That’s when a home equity conversion mortgage comes into play. Most people think of reverse mortgages, as they’re commonly called, as … Read more