“I expect a major correction in commercial real estate is already underway,” said Adam Posen, president of the Peterson Institute for International Economics.
: Recession looks less likely for U.S., these economists say, but a ‘slog’ still lies ahead
Despite the recent bank panic, a recession in the U.S. is still not the most likely outcome, according to experts in Washington.
: New Lyft CEO: ‘I don’t think of this as just an Uber battle. It’s a battle against staying at home.’
Lyft’s incoming CEO David Risher looks at competition with Uber as a way to keep both companies “honest and focused,” he said in an interview with MarketWatch.
: Wind-power industry predicts rapid growth in 2023, just in time for Biden’s offshore push
‘Twin challenges of secure energy supplies and climate targets will propel wind power into new phase of extraordinary growth,’ Global Wind Energy Council says.
: ‘A historic long-term remodeling boom’: More homeowners with low interest rates are spending $50,000 or more to renovate
Many homeowners today are spending tens of thousands of dollars remodeling and renovating their homes purchased during the pandemic.
The Moneyist: ‘They do not trust her, nor do I’: My elderly parents fear my sister will empty their bank accounts and steal their possessions. What can we do?
‘My sister has done this sort of thing with an elderly friend, or so my parents believe.’
Living With Climate Change: Wind damage will impact more U.S. homes than before, in Florida especially. How best to protect your property.
First Street Foundation, Arup and CAPE use granular data to show how climate change intensifies natural disasters and building habits leave property at risk.
FA Center: Recession isn’t a guaranteed stock-market crusher, owing to this one truth about volatility and GDP
GDP is an important metric, but not for timing the stock market’s swings, writes Mark Hulbert.
Outside the Box: No regulation or law can fix incompetent bank management, former FDIC chief says
Successful and stable banks all possess the same traits, which include superior management and a high-quality board of directors, writes Donald E. Powell.
: Lyft brings in new CEO, pushing co-founders from helm after stock’s plunge
Lyft Inc. is bringing in a new chief executive and removing its co-founders from running the ride-hailing company on a day-to-day basis.
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