Why stock prices will get even more expensive

Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead. After all, the SP 500 (^GSPC) price-earnings multiple is up 55% over the past five years, increasing from 10.5x to 16.2x currently. It’s not surprising that many investors would question the sustainability of this rise. But RBC’s […]




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Big US companies are about to repeat a financial crisis-era losing streak

Analysts expect SP 500 companies to report that earnings fell year-over-year in Q2, repeating a trend we haven’t seen since the financial crisis. Earnings season unofficially kicks off with Alcoa (AA), which is set to report its second quarter earnings on July 11. Early indications suggest there won’t be much to celebrate this time around. According to a […]




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Goldman launches lending platform for Main St.

Investment banking giant Goldman Sachs (GS) is now giving loans to Main Street. On Thursday, Goldman announced the official launch of its new online consumer lending arm called “Marcus.” Named after one of the bank’s original business partners Marcus Goldman—who started the firm 147 years ago with Samuel Sachs—the new retail platform allows credit-worthy borrowers […]




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Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]




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Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]




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Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]




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Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]




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Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]




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Dow breaks below 18K, as China, Fed fears weigh

U.S. stocks fell on Thursday, but closed well off session lows, as investors digested weak data out of China and rising oil prices while assessing the possibility of a Federal Reserve rate hike. The Dow Jones industrial average dropped 184.25 points at its lows before closing about 45 points lower, with Goldman Sachs (GS) contributing […]




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Dow breaks below 18K, as China, Fed fears weigh

U.S. stocks fell on Thursday, but closed well off session lows, as investors digested weak data out of China and rising oil prices while assessing the possibility of a Federal Reserve rate hike. The Dow Jones industrial average dropped 184.25 points at its lows before closing about 45 points lower, with Goldman Sachs (GS) contributing […]




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A $1 million bet: Anatomy of a high-end house flip

Last June, Dana Rice, a real estate agent and house flipper, was deep in the throes of a massive remodeling project. She had bought a 1938 home in an upscale neighborhood of Bethesda, Maryland, for $600,000 and intended to flip it for a hefty profit. Four months and $400,000 in construction costs later, Rice put […]




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