Category: Finance News

Jul 17

Consumer complaints to the CFPB are skyrocketing as the coronavirus outbreak continues

Americans filed a record-breaking number of complaints to the Consumer Financial Protection Bureau in March as the coronavirus pandemic started flooding hospitals and sending unemployment rates soaring. Every month since, consumer complaint numbers have been breaking record highs set the previous month, according to a Friday report from the consumer advocacy group U.S. PIRG and […]
Jul 17

Vitaliy Katsenelson's Contrarian Edge: Tesla is like a SpaceX rocket to stock investors, but the car maker’s bond holders are down to earth

Tesla’s TSLA, +0.01% market capitalization is nearing $300 billion. It’s now the largest car maker in the world, even larger than Toyota Motor Corp. TM, +0.45%, which produced almost 9 million cars in 2019 and has a market capitalization of around $175 billion. Tesla stock is trading at 45 times very rosy — and improbable […]
Jul 17

NewsWatch: The hidden risk in your S&P 500 index fund

MARKETWATCH FRONT PAGE You’re taking a bet you may not fully realize See full story. Defiant Fauci tells InStyle: ‘I don’t regret anything I said’ — and talks about being ‘persona non grata’ in Trump’s White House Continuing his media roadshow, Anthony Fauci pleads with people to maintain social distancing and addresses his early advice […]
Jul 17

Market Extra: The open secret in commercial real estate is that owners regularly take cash out of properties — here’s a look at how much

It’s an open secret that commercial real estate owners take cash out of buildings. When they do, unlike homeowners, criticism often is sparing. After all, hotels, shopping centers, office towers and other commercial buildings are run as businesses, where the whole point is to reap a profit. “The real-estate industry is all about taking cash […]