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The US housing bubble that wreaked havoc on the global economy was long in the making. Largely the product of exploitative lending practices that put people in homes they couldn't afford, the housing market crash reduced the average American home value by 37% — from a pre-recession high of $230,000 in 2005. […]

Is the housing market going to crash? What experts predict in 2023.

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There is little debate about a slowdown in the US housing market after house prices rose at a frantic pace during the pandemic. For the first time in 131 months, home prices fell year-on-year in February, ending the longest streak of price growth. The median existing home sales price in April fell 1.7% from a …

Is the housing market going to crash? What experts predict in 2023. Read More »

Nvidia stock soared more than 20% toward an all-time high as artificial intelligence led CEOs to predict record revenue.

Nvidia stock soared more than 20% toward an all-time high as artificial intelligence led CEOs to predict record revenue.

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Nvidia Corp. executives projected record revenue far exceeding anything the company saw on Wednesday, pushing stocks toward all-time highs as margins improve with data center sales. nvidia NVDA Guided by second quarter revenue of $11 billion, plus or minus 2%; The chipmaker has never before reported quarterly revenue higher than the $8.29 billion it generated …

Nvidia stock soared more than 20% toward an all-time high as artificial intelligence led CEOs to predict record revenue. Read More »

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