plunge

Fed's inflation fight will likely lead to stagflation: Ray Dalio

Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%

Billionaire investor Ray Dalio gives his takes on the latest world news and provides expert analysis on the state of the economy on ‘Cavuto: Coast to Coast.’  Billionaire Ray Dalio, the founder of one of the world’s largest hedge funds, warned that stocks could tumble even lower this year after the hotter-than-expected August inflation data …

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To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle

Rate hikes to keep up with the Fed would work. But the Bank of Japan still digs in its heels. Its balance sheet has shrunk for months though. By Wolf Richter for WOLF STREET. The Bank of Japan is now getting serious about propping up the yen with direct market intervention, after jawboning by the government and by …

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle Read More »

The Japanese yen's plunge is the most 'textbook-driven' currency move in 30 years, analyst says

The Japanese yen’s plunge is the most ‘textbook-driven’ currency move in 30 years, analyst says

The worst is not over for the Japanese yen — it could plummet even further in the coming months, according to Jesper Koll, director of financial services firm Monex Group.  “I think the parabolic overshoot is still on track, so I expect we’re going to see 150, 160 at some point over the next couple …

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US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and July

US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and July

Not all commodities are plunging: Game of Inflation Whac A Mole. By Wolf Richter for WOLF STREET. Here we go again. This morning, the notoriously volatile natural-gas futures, which have taken down numerous hedge funds over the years, jumped to nearly $10 per million Btu and currently trade at $9.75, the highest since July 2008, up 146% from …

US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and July Read More »

Fuel cell-powered truck maker Hyzon's stock suffers record plunge after accounting questions raise delisting fears

Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, …

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Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest since 2008

Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest since 2008

No folks, there is no “housing shortage.” There’s over 9 months’ supply, highest since the Housing Bust. But prices are still way too high. By Wolf Richter for WOLF STREET. The median price of new single-family houses that were sold in June plunged by 9.5% from May, to $402,400, the lowest since June last year, according to the …

Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest since 2008 Read More »

Today’s mortgage rates: 30- and 20-year rates plunge | July 18, 2022

Today’s 30-year mortgage rates plunge half a point to 34-day low | July 25, 2022

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Check out the mortgage rates for …

Today’s 30-year mortgage rates plunge half a point to 34-day low | July 25, 2022 Read More »

Snap shares plunge following second-quarter earnings miss

Snap shares plunge following second-quarter earnings miss

Revere Securities COO Scott Fullman and Great Hill Capital Chairman Thomas Hayes analyze Q2 earnings and identify opportunities in the stock market on ‘The Claman Countdown.’ Snap Inc. shares plunged 38% during Friday’s trading session after the social media giant reported disappointing second-quarter earnings results.  Ticker Security Last Change Change % SNAP SNAP INC. 9.95 …

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Today’s mortgage rates: 30- and 20-year rates plunge | July 18, 2022

Today’s mortgage rates: 30- and 20-year rates plunge | July 18, 2022

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Check out the mortgage rates for …

Today’s mortgage rates: 30- and 20-year rates plunge | July 18, 2022 Read More »

Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions Spike amid Holy-Moly Mortgage Rates

Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions Spike amid Holy-Moly Mortgage Rates

Pent-up supply suddenly shows up – those vacant homes that no one was counting as vacant. By Wolf Richter for WOLF STREET. For the last two years, the story was that there’s no inventory for sale, that there was a housing shortage, and that’s why prices were skyrocketing. Then there were other folks like me that pointed out …

Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions Spike amid Holy-Moly Mortgage Rates Read More »