What Walmart, Target, Home Depot and Lowe’s tell us about the economy:

What Walmart, Target, Home Depot and Lowe’s tell us about the economy:

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters: How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy:

What Walmart, Target, Home Depot and Lowe’s tell us about the economy:

How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its … Read more

Sharp Rise in Home Prices, Mortgage Rates Driving Working Americans out of the Market:

Sharp Rise in Home Prices, Mortgage Rates Driving Working Americans out of the Market:

The dramatic rise in home prices and mortgage rates in the early months of 2022 has had a relatively limited effect on wealthy buyers and sellers, but has had a severe impact on lower-income Americans — and the Democratic Party may pay a steep price for their frustrations in the November midterm elections and beyond, … Read more

Oil prices are surging – these eight stocks are still bargains for long-term investors:

Oil prices are surging – these eight stocks are still bargains for long-term investors:

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more

Some economists say a recession is inevitable. Should you pay off your mortgage now? Consider these factors first.

Some economists say a recession is inevitable.  Should you pay off your mortgage now?  Consider these factors first.

An economic downturn appears to be in the cards. And that could put some homeowners in a tight spot. Fears of a recession were stoked last week when data showed that the US economy shrank in the first quarter at a 1.4% annualized rate. Roger Ferguson, who previously served as a Federal Reserve governor, said … Read more

New York’s Waldorf Astoria Hotel Finds a Rocky Path to Condo Conversion:

New York’s Waldorf Astoria Hotel Finds a Rocky Path to Condo Conversion:

The Chinese owner of Manhattan’s historic Waldorf Astoria hotel has been struggling to complete its plan for converting hundreds of guest rooms into luxury condos. The process has fallen at least two years behind the initial schedule and costs have ballooned, leading to the departure last week of the top US executive overseeing the project. … Read more