Real estate
These high-dividend-yielding stocks could see a rebound as rates decline, BMO says
Now could be a good time to start buying stocks with high dividend yields, according to BMO Capital Markets. The highest-paying S & P 500 stocks have significantly underperformed the index over the last year and a half, even with the rebound they’ve enjoyed in recent months, said chief investment strategist Brian Belski. Higher-for-longer interest […]
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India’s ultra-wealthy club is booming — here’s where the country’s rich are investing
Smiling businessman with laptop and credit card in a restaurant in the evening Pixelfit | E+ | Getty Images India is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, according to consultancy Knight Frank. Earlier this year, India’s financial center, Mumbai, overtook Beijing to become […]
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Mortgage rates plunge to the lowest level in over a year after weak employment report
A “For Sale” sign in front of a home in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed […]
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UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households […]
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Nintendo profit plunges 55% as sales of its ageing Switch console fall sharply
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo revenue and profit plunged in the company’s fiscal first quarter, as sales of the ageing Switch console decline. Here’s how Nintendo did in its fiscal […]
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China’s manufacturing activity seen extending decline in July
Workers at a factory making lithium battery products for domestic and international markets in Nantong, Jiangsu province, China. Future Publishing | Future Publishing | Getty Images The world’s second-largest economy grew much slower than expected in the second quarter, with the consumer sector a particular cause for concern. Retail sales growth sank to an 18-month low […]
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Buy this ‘cheap’ REIT — it’s set to offer a yield of nearly 7%, Morningstar says
Real estate is one corner of the market that investors are moving into , as expectations of interest rate cuts grow. Markets are betting that this month’s inflation data will give the U.S. Federal Reserve justification to cut rates, as it has repeatedly said consumer prices need to come down for that to happen. It’s […]
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Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
Key Points Gentrification occurs when an area experiences a rapid rise in residents’ average incomes and rents. The typical outcome: The white population increases, and people of color are priced out. Climate change is accelerating this dynamic in some parts of the U.S., a trend known as “climate gentrification.” In Miami neighborhoods such as Allapattah, […]
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Sales of $100 million homes set to double this year as trophy properties recover
A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. […]
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Here’s how much it can cost a family of four to live across 10 major Asian cities
Monthly rent in Shanghai’s city-center costs approximately $2,700, according to data by Numbeo. Zorazhuang | E+ | Getty Images Living in a major city can come with a hefty price tag, so it’s best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of […]
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