Economy & Policy

The Fed Is Driving an Unusual Contradiction in the Housing Market

The Fed Is Driving an Unusual Contradiction in the Housing Market

Text size A new home under construction in Monterey Park, California Frederic J. Brown/AFP via Getty Images About the author: Susan Wachter is the Sussman professor of Real Estate and professor of Finance at The Wharton School of the University of Pennsylvania and co-director of the Penn Institute for Urban Research. She is currently an advisory …

The Fed Is Driving an Unusual Contradiction in the Housing Market Read More »

Battery Factories Are Coming to U.S. so Car Makers Can Rely Less on China

Battery Factories Are Coming to U.S. so Car Makers Can Rely Less on China

Text size Panasonic might be bringing more lithium ion battery capacity to the U.S. Patrick T. Fallon/Bloomberg The U.S. car industry continues to build out its own electric-vehicle supply chain. That will help all auto makers achieve their EV ambitions, including Ford Motor , General Motors and Tesla . Hopefully, reshoring supply will mean lower …

Battery Factories Are Coming to U.S. so Car Makers Can Rely Less on China Read More »

Stocks Drop After Powell's Remarks

Stocks Drop After Powell’s Remarks

Text size Fed Chairman Jerome Powell’s speech has hung over markets all week. Drew Angerer/Getty Images The stock market was falling Friday, as Federal Reserve Chairman Jerome Powell made hawkish remarks about monetary policy at the annual Jackson Hole Symposium, even in the face of declining inflation. The Dow Jones Industrial Average has dropped 658 …

Stocks Drop After Powell’s Remarks Read More »

EV Winners and Losers From Inflation Reduction Act. Hint: Tesla Is a Winner.

EV Winners and Losers From Inflation Reduction Act. Hint: Tesla Is a Winner.

Text size Electric vehicles get purchase credits in new U.S. climate legislation. But the benefits might not filter all the way down to car buyers. Sean Gallup/Getty Images The electric-vehicle industry is one of the obvious winners from the Inflation Reduction Act, the law that advances President Biden’s climate change agenda. But the allocation of …

EV Winners and Losers From Inflation Reduction Act. Hint: Tesla Is a Winner. Read More »

Bitcoin Keeps Falling. Why Friday Could Bring a Bounce.

Bitcoin Keeps Falling. Why Friday Could Bring a Bounce.

Text size Bitcoin prices tumbled last Friday and remained weak over the weekend. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were weaker on Monday, in line with the stock market, extending recent declines ahead of what could be a turbulent week of trading. The price of Bitcoin shed less than 1% over the …

Bitcoin Keeps Falling. Why Friday Could Bring a Bounce. Read More »

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks for Investors to Watch This Week

Nvidia, Salesforce, Zoom, Macy’s, and Other Stocks to Watch This Week

Text size Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, Wyo., at the end of the week. Zoom Video Communications will be Monday’s earnings highlight, followed by results from Nvidia ,   Advance Auto Parts , …

Nvidia, Salesforce, Zoom, Macy’s, and Other Stocks to Watch This Week Read More »

The Stock Market Couldn’t Handle the Uncertainty. It Better Learn How.

The Stock Market Couldn’t Handle the Uncertainty. It Better Learn How.

Text size It’s a market with big drops but big rips, as well, one that forces investors to accept low returns from index funds or try to take a more tactical approach. Michael Nagle/Bloomberg Call it the Great Uncertainty. With the stock market having rallied off its lows, investors should be feeling pretty good right …

The Stock Market Couldn’t Handle the Uncertainty. It Better Learn How. Read More »

Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats.

Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats.

Text size U.S. housing starts in July fell more than expected and to the lowest level since early in 2021. (Spencer Platt/Getty Images) Stocks were mixed in mid-day trading Tuesday after earnings from Walmart and Home Depot topped Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing economy. The …

Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats. Read More »

At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.

At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.

This is not a typical weight-loss story. After all of the diet, supplement, and workout fads we’ve endured, we’re about to have drugs that are safe and effective. They’re our best hope yet for stemming the obesity epidemic that threatens the lives of 100 million Americans and half a billion people worldwide. No one has …

At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade. Read More »