Most cities in UBS Group AG’s Global Real Estate Bubble Index are overvalued or at risk of a bubble, according to the Swiss bank’s 2018 report on housing prices. Chicago is the only undervalued housing market in the 20-city index, while Milan, Singapore and Boston are deemed fairly valued, the report released Thursday shows. Ten cities, from New York to Sydney to Stockholm, are overval... read more

than $10 billion of their stock, the most of any month this year and near the most on record. "As corporate buying is at least taking a breather, corporate insiders are ramping up share selling as the major U.S. stock market averages are at or near record highs," TrimTabs wrote in a note. One month later, TrimTabs is out with a follow up monthly report which finds even more of the same:... read more

The stock market has been mostly enjoying a uptrend, shaking off elevated tariff tensions between the U.S. and its global counterparts. However, JPMorgan Chase & Co. JPM, +1.03% analysts, led by cross-asset strategist John Normand, in a Sept. 21 note, say investors should brace for the possibility of a “major miscalculation” by President Donald Trump’s administration, as it relate... read more

In her powerful new book, “Nomadland,” award-winning journalist Jessica Bruder reveals the dark, depressing and sometimes physically painful life of a tribe of men and women in their 50s and 60s who are — as the subtitle says — “surviving America in the twenty-first century.” Not quite homeless, they are “houseless,” living in secondhand RVs, trailers and vans and driving from o... read more

GENEVA (Reuters) - The direct economic impact on China of the trade war with the United States appears limited, though it could rapidly prompt China’s exporters to switch away from the U.S. market, the former central bank governor in Beijing said on Wednesday. A container truck moves past containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/Fil... read more

The "Great Bull" market that came after the financial crisis is dead due to slowing economic growth, rising interest rates and too much debt, according to a Bank of America Merrill Lynch analysis. In its place will be one that features lower returns, the bulk of which will be concentrated in assets that suffered during the recovery, Michael Hartnett, BofAML's chief investment strategist, said... read more

U.S. President Donald Trump’s trade battles and the accumulation of global debt to pre-financial crisis levels are among factors that will drive a major reset of the world economy in the next two to three years, according to the head of the world’s biggest long-haul airline. “We have some extraordinary geopolitical forces at play,” Emirates President Tim Clark told attendees at an... read more

BEIJING/WASHINGTON (Reuters) - China said on Tuesday that it had no choice but to retaliate against new U.S. trade tariffs, raising the risk that U.S. President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The Chinese commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of... read more

Chinese Gold Panda coins were officially listed on the Shanghai Gold Exchange (SGE) on Wednesday, making them the only gold coin product in the world to be traded on an exchange market. First issued by the People's Republic of China in 1982, the Chinese Gold Panda is a series of gold bullion coins featuring a variety of panda portraits. The coins are normally released, in different sizes and... read more

LONDON (Reuters) - Former British Prime Minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major financial crash a decade ago. Britain’s leader when the collapse of the U.S. investment bank Lehman Brothers triggered the worst financial crisis since the Great Depression said... read more