Wall Street’s Biggest Bull Isn’t Budging on S&P 7,000 This Year

May 5, 2025 | Markets

Wall Street stock market strategists have largely abandoned the lofty expectations they took into 2025, but one bull isn’t budging: Wells Fargo Securities LLC’s Christopher Harvey. He projects that the S&P 500 Index will end the year at 7,007, the same number he...

Private Markets Hog the Spotlight as Asset Managers Gather in DC

May 2, 2025 | Markets, Private Markets, Recommended

The half-lit ballroom at the JW Marriott in Washington buzzed with the restrained energy typical of a traditional asset-management conference — dark suits, legacy names and philosophies on portfolio allocation. Sipping their coffees Thursday at the buffet breakfast...

Florida Home Prices Post Biggest Decline in at Least 13 Years

May 2, 2025 | Markets

Florida’s housing boom has now shifted into reverse, with prices sliding by the most in at least 13 years. The median price for all types of homes fell 1.7% in March from a year earlier, according to Redfin Corp. data going back to 2012. The post-pandemic influx of...

Bear Market Is Coming With S&P 500 Rally Stalling Soon, DeMark Says

May 2, 2025 | Markets

US stocks are in for another drop that will eventually lead to a bear market in the coming months, according to veteran technical strategist Tom DeMark, who accurately called this year’s top in February and subsequent April low. DeMark — a closely-followed analyst...

Kohl’s fires new CEO Ashley Buchanan for steering business to former romantic partner

May 1, 2025 | Markets

Kohl’s canned its newly hired chief executive after an investigation showed he had cut a “highly unusal” business deal with a woman who had been his romantic partner, according to a report. Ashley Buchanan — hired to lead the department store chain just four months...

Bessent Says Two-Year Treasuries Signaling Fed Should Cut

May 1, 2025 | Markets

Treasury Secretary Scott Bessent said that the US Treasury market is telegraphing that the Federal Reserve ought to lower interest rates. “We are seeing that two-year rates are now below fed funds rates. So that’s a market signal that they think the Fed should be...