One Pandemic Later, Direct Listings See Some Blue Sky: QuickTake

Hot technology startups have traditionally raised the cash they needed to break into the big time through initial public offerings. IPOs became synonymous with instant wealth for company founders and those lucky enough to buy those shiny new shares. Then music-streaming service Spotify Technology SA went a different route, going public through a method called […]

Why investors buy gold during times of crisis

London (CNN Business)Gold prices have soared to a record high, with investors rushing to find safe places to park their money as concerns grow about a resurgence in the coronavirus and the impact that could have on the global economy. Gold hit $1,944 per ounce earlier on Monday, beating its previous record of $1,921 set […]

Housing Boom in U.S. Threatened by Shortage of Available Homes

In this article The U.S. housing market, which has been a bright spot in the pandemic-battered economy, is running out of fuel. With buyers eager to take advantage of low mortgage rates, the inventory of homes to buy is scarce. That’s driving up prices and threatening to derail the boom by pushing homeownership out of […]

New York stays ahead of London in top financial centers survey

Fox Business Flash top headlines for September 24 Fox Business Flash top headlines are here. Check out what’s clicking on New York retained the top spot in a survey of global financial centers on Friday, with London strengthening its position in second place just over three months before Britain's full departure from the European […]

Evergrande Faces Crisis of Confidence Over $120 Billion Debt

China Evergrande Group is facing a crisis of confidence among creditors who’ve lent the world’s most indebted developer more than $120 billion. Long-simmering doubts about the health of China’s biggest property company by revenue exploded to the fore on Thursday, following reports it had warned local government officials of a potential cash crunch that could […]

Investors not convinced looser regulation will grow banks’ loan books

The big four banks have welcomed the federal government's plans to axe responsible lending laws which sent bank shares soaring on Friday, but investors are conflicted on whether it will spell good news for the sector's long-term value. Treasurer Josh Frydenberg announced an overhaul of the National Consumer Credit Act on Friday, proposing changes that […]

U.S. New-Home Sales Climb to 1 Million Rate, Fastest Since 2006

Sales of new homes in the U.S. unexpectedly advanced for a fourth month in August to the highest level in almost 14 years as record-low mortgage rates continued to entice buyers into a market with ever-shrinking supply. Purchases of new single-family houses increased 4.8% to a 1 million annualized pace, led by a flurry of […]

Goldman Sachs Raises Price Targets 10% or More on 4 Top Blue Chips

With just a week left in the third quarter, and most of the second-quarter results long since posted, most on Wall Street are reasonably satisfied with the results. While many investors remain very nervous, especially given the large rally off the market lows, the overall take is one of slow but steady going forward, given […]