Stocks in September Have Often Struggled. The Good News: The Selloff May Have Already Begun.

Illustration by Elias Stein Text size The stock market’s worst month—September—will soon be upon us. The S&P 500 index has averaged a 1% loss in September dating back to 1928, says Dow Jones Market Data. The Dow Jones Industrial Average has notched a similar September loss going back to 1896. It’s clearly the bad month … Read more

Tesla’s Stock Will Split on Aug. 24

Illustration by Elias Stein Text size Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of … Read more

Good news for home buyers? Fannie Mae chief economist says the U.S. housing market has finally turned a corner. Here’s why.

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering … Read more

Home Depot Sees Record First-Quarter Sales. The Stock Is Rising.

Text size Home Depot tops first-quarter earnings expectations. Justin Sullivan/Getty Images Home Depot ’s sales rose to the highest ever for the first quarter of the year. The retailer exceeded earnings expectations in the quarter. Earnings per share were $4.09, up from $3.86 a year earlier. Analysts expected earnings of $3.69 a share. “The solid … Read more

Walmart, Moderna, Target, Deere, Home Depot, and Other Stocks for Investors to Watch This Week

Text size It’s the tail end of first-quarter earnings season, with mostly retailers left to report this week. Government data on U.S. retail sales will also be released. Home Depot and Walmart report on Tuesday, followed by Target, TJX , Lowe ’s , and Bath & Body Works on Wednesday and Ross Stores on Thursday.  Non-retailer … Read more

The U.S. city where property taxes rose the most last year will likely surprise you

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company Attom Data Solutions. Growth in property taxes decelerated last year, despite the run-up in property … Read more

Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out

When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for the holidays. Half a year, dozens of home tours, and eight unsuccessful bids later, Stofko, 25, and McRae, 26, have moved … Read more