Markets

SF's downtown condo market is cratering, with units selling at cut prices

SF’s downtown condo market is cratering, with units selling at cut prices

San Francisco’s sluggish, post-COVID recovery is hammering the downtown condo market, with owners increasingly willing to sell at a discount amid ongoing tech layoffs and office closures, according to a new report of the Compass real estate brokerage firm. According to the report, median condo sales prices in the Greater Downtown and South of Market …

SF’s downtown condo market is cratering, with units selling at cut prices Read More »

WA sets price limits for new carbon trading market

WA sets price limits for new carbon trading market

Each share of global warming emissions bought and sold on Washington’s upcoming carbon market will cost between $22 and $81, the state said Thursday. The final price of each credit will be determined by demand in next year’s emissions auctions, a key program in Washington’s efforts to eliminate carbon pollution from its biggest industries. But, …

WA sets price limits for new carbon trading market Read More »

Cramer's Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up

Cramer’s Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up

On Friday, CNBC’s Jim Cramer told investors that stocks could have another good week of trading, given the good economic conditions. “As the year draws to a close, vacations will become more and more of a priority. Right now the outlook is murky – too much cross-currents. But if the labor market remains strong and …

Cramer’s Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up Read More »

Container shipping rates continue to fall, no sign of market bottom yet

Container shipping rates continue to fall, no sign of market bottom yet

So much for the theory that container lines are a nefarious cartel capable of controlling freight prices – spot rates continue to fall more than a year after peaking. “This cliff from which rates have fallen shows that there is more competition in the market than many people feared,” Patrik Berglund, CEO of rate-tracking firm …

Container shipping rates continue to fall, no sign of market bottom yet Read More »

US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

US labor market shrugs off recession fears; keeps the Fed on a tightening path Read More »

Stock market players let it roll again in a brutal year

Stock market players let it roll again in a brutal year

(Bloomberg) — Like stuck card players trying to claw it all back with one hand, stock bulls are increasing their appetite for risk at the end of a brutal year. Bloomberg’s Most Read Active inventory managers are adding positions. Options markets are showing a hedging pattern, a sign that professional traders are diving back into …

Stock market players let it roll again in a brutal year Read More »

Expect more turmoil after a week of mixed market signals

Expect more turmoil after a week of mixed market signals

All major stock averages closed higher for the week thanks to a Friday afternoon rally that pushed the Dow back into positive territory. Several key economic reports drove the action, including the ADP November Nonfarm Payrolls and Employment Reports and the October Personal Spending Report. Most important, perhaps, was Federal Reserve Chairman Jerome Powell’s comment …

Expect more turmoil after a week of mixed market signals Read More »

DXY bounces off major support, reducing Bitcoin's chances of breaking the $17.2,000 resistance

DXY bounces off major support, reducing Bitcoin’s chances of breaking the $17.2,000 resistance

On December 2, the US Dollar Index (DXY), an index that measures the strength of the dollar against a basket of major foreign currencies, hit 104.40, the lowest level seen in 5 months. To recap, the weight of the US dollar against the basket of major foreign currencies has risen 19.6% in 2022 through September …

DXY bounces off major support, reducing Bitcoin’s chances of breaking the $17.2,000 resistance Read More »

Markets looking for the next catalyst may worry for 2023

Markets looking for the next catalyst may worry for 2023

Markets could be volatile and looking for a catalyst in the week ahead as investors eye year-end trading in the lull ahead of the Federal Reserve’s Dec. 13-14 policy meeting. Stocks were higher last week, with the worst performing sectors of the year, communication services and consumer discretionary companies, leading the gains. The S&P 500 …

Markets looking for the next catalyst may worry for 2023 Read More »