Phil Rosen
Senior Reporter
Economist David Rosenberg says a recession will hit in 6 months. Here are his 7 best quotes from a new interview.
The Rosenberg Research president explained his grim economic outlook in a new interview. These are the biggest takeaways.
The housing market is stuck: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead
A home inventory crunch has pushed prices higher - and that's kept Americans sidelined and forced real estate investors to pull back on spending.
Bitcoin just had its 2nd-straight losing month as crypto sold off in August along with stocks and bonds
The world's biggest cryptocurrency failed to eke out a gain in August even as crypto investors cheered Grayscale's win over the SEC.
Why investors aren't sweating a jobs report that showed unemployment rising
The cooling of labor market tells investors that the Fed may finally be able to make a dovish pivot on monetary policy.
It would be a 'miracle' to escape a recession and the erosion of credit is similar to 2008, top economist David Rosenberg warns
"We've had the biggest interest rate shock since 1981, Rosenberg said, noting that a severe recession followed in 1982.
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Dollar General stock crashes 17% after the budget retailer cuts its outlook for the rest of the year
Dollar General said it expects lower sales growth and an annual earnings decline as much as 34%, compared to a previous guidance of a 0%-8% drop.
US homeowners are sitting on $28.7 trillion of equity
The massive figure comes out to more than $334,000 of equity of each owner-occupied housing unit in the US.
The housing market's inventory crunch deepens as listings fall for the 4th straight month in August
While the total number of homes for sale has been rising steadily on a monthly basis, listings in August were down 9.2% from a year ago.
Here's where the stock market is headed next after a tough August, according to Wall Street's top strategists
Bears include top strategists from Morgan Stanley and JPMorgan, while Jeremy Siegel and Fundstrat's Tom Lee are staying bullish.
S&P 500 hits 4-day win streak as US stocks climb after ADP report shows job growth slowing
ADP reported that private-sector employers added 177,000 jobs this month, far below last month's revised reading of 371,000.
A big investor in a top luxury watch retailer dumped millions of shares after Rolex struck a deal to run its own stores
Rolex is set to take over retailer Bucherer, and shares of Watches of Switzerland tanked 21% the day after news of the deal broke.
Housing is so unattractive that investor purchases have plummeted 45%
The decline in the second quarter was the biggest since 2008, except for the first quarter, which saw a 48% drop, Redfin said.
US stocks climb on fresh signs the labor market is cooling
Tuesday's JOLTS data and Wednesday's ADP report both pointed to a cooling labor market, a welcome sign for the Federal Reserve.
These 3 charts show Americans aren't feeling great about the economy
The share of people who are optimistic about their current financial situation decreased, while those citing "bad conditions rose.
US home prices are nearly back to all-time highs reached last summer
Home prices in June were just 0.02% off their record highs reached a year earlier, Case-Shiller data shows.
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Robinhood owns $3 billion in bitcoin, making it the 3rd-biggest holder of the token
The trading platform has billions of the crypto in a single wallet, and it sits behind Binance and Bitfinex as the third-largest holder, a report said.
Homes are so expensive in the US that 38% of young buyers say they were only able to break into the market with help from their family
"As a result, a large share of young homeowners can be labeled 'nepo-homebuyers,' meaning they received family money to purchase a home."
A key stat suggests the housing market won't see 'cascading' price drops anytime soon
The rate of mortgage payments more than 90 days late dipped below levels seen before the 2008 housing crash.
Economists think new home prices in China will see zero growth this year as the country's property market continues to weaken
A Reuters poll pointed to the Chinese real estate market's severe headwinds that have led some commentators to speculate on a potential "Lehman moment."
China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses
Once a $50 billion developer, shares of the troubled property giant tumbled in Hong Kong after a 17-month trading halt.