Stacy Hoffman

According to Redfin CEO Glenn Kelman, certain US states are already experiencing positive signs regarding housing affordability, despite the impact of rising mortgage rates. Kelman made these remarks during an interview with FOX Business, where he discussed the current state of the housing market and the potential implications of “sticky” inflation data. Economists predict…

After previously withdrawing its application for a virtual asset trading license in Hong Kong, the local subsidiary of cryptocurrency platform HTX has done so again, as reported by The South China Morning Post. The Securities and Futures Commission (SFC) of Hong Kong announced on its website that any platforms failing to submit an application…

According to recent economic data, inflation fell to 3.4% annually in April, as reported by the Bureau of Labor Statistics. This decrease in inflation is welcomed by the Federal Reserve, as it considers potential interest rate cuts. President Joe Biden’s administration has highlighted this positive inflation data, along with strong employment figures, as evidence…

According to a report from broker Canaccord Genuity, the positive momentum of Galaxy Digital, a crypto financial services firm, is expected to continue following its announcement of a 40% increase in net income. This growth can be attributed to an increase in the number of trading counterparties and a significant rise in trading revenue,…

As the US stock market remained relatively stable ahead of crucial consumer price data, the futures for the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 (NQ=F) all hovered above the flatline. This came after the Nasdaq reached a new peak for technology stocks. While stocks have been climbing due to…

According to experts, the Federal Reserve’s handling of rate cuts will greatly impact the affordability of housing in 2024. Mortgage rates are currently hovering above 7% for 30-year, fixed rate loans, which is higher than the historically low rates seen during the pandemic. Economists predict that rates will remain higher in 2024 and will…

Based on the latest information provided, there are some risks associated with investing in Super Micro Computer (SMCI) beyond the competition faced as an IT architecture solutions provider. Firstly, IT architecture is a low-margin hardware business, and rising investments in capital expenditures are currently weighing down Supermicro’s operating margins. This trend could potentially continue,…

In order to create a retirement budget, there are several factors to consider beyond just income and expenses. Some of these factors include: 1. Investment strategy and market performance – The amount of money in a retirement account can vary greatly based on investment choices and market performance, particularly during the years leading up…

On Wednesday, stock index futures remained mostly unchanged in anticipation of the crucial consumer price index (CPI) data, which will determine the impact of rising inflation on the Federal Reserve’s potential interest rate cuts. The tech-heavy Nasdaq reached a new record closing high on Tuesday following optimistic statements from Fed Chair Jerome Powell regarding…