Our call of the day from billionaire investor and co-chairman of Oaktree Capital Management, Howard Marks. In reference to these market ups and downs, he says “no one can tell you this is the time to buy” stocks because “nobody knows.” See full story.
Man who predicted the 2008 financial crisis says coronavirus may mean his bets of stock-market carnage are finally beginning to crystallize
It’s times like these that get Peter Schiff’s blood running hot. The polarizing Wall Street prognosticator says that the Federal Reserve’s latest move, an emergency half-a-percentage-point interest rate cut on Tuesday to a 1-1.25% range for fed funds, may be the pin that ultimately pricks what he believes is a raging stock-market bubble. See full story.
What the Fed’s surprise interest rate cut means for mortgage rates
In recent weeks, mortgage rates have dropped to three-year lows in response to global concerns regarding the coronavirus outbreak. See full story.
Coronavirus update: 94,250 cases, 3,214 deaths; Starbucks’ shareholder meeting goes virtual
As Americans become more concerned about the possibility of COVID-19 infections in their communities, a number of drugmakers have jumped into the ring, announcing new plans to develop vaccines or treatments for the novel coronavirus. See full story.
Dow rises nearly 500 points a day after Fed’s surprise interest rate cut
U.S. stocks open sharply higher Wednesday after results of the Democratic party’s primary vote to nominate a presidential candidate in November’s election boosted the chances of former Vice President Joe Biden. See full story.
Certain design aesthetics and luxury features can help convince a buyer to pay more for your home, a new study suggests. See full story.