Millennials have poured over $500 billion into the housing market over the past year...but what caused this boom? Ed Groshans, Senior Financial Services Analyst at Height Securities joins Your Future Home to discuss where the trend is going and what benefits it's creating along the way.
Groshans says the new tax plan and decreasing unemployment numbers are putting more money into the pockets of young adults. Plus, because millennials are getting married and having kids later in life they are more financially savvy and have saved for a mortgage, home repairs, etc.
He also talks about getting into the housing market while the interest rates are down. He predicts we'll see an upswing in rates over the next few years so it would be smart to get in now.
A Freitag pod with Carlo and Baker, talking about the upcoming federal vax-or-test deadline, the most shocking upset of this week's elections, an incredible story of selflessness and Love, Hate, Ate.
The Chinese government causing quite a stir after urging families to stock up on essentials ahead of winter months amid a global energy crisis and supply chain woes disruptions. Keith Krach, the former Under Secretary of State and former DocuSign Chairman and CEO, joined Cheddar News to discuss.
It's earnings season for the hospitality industry, with Marriott, MGM, Booking Holdings, and Hyatt all set to report on November 3. The stakes are high as investors look for signs that travel is returning after months of pandemic-related disruptions. Hilary Kramer, chief investment officer for Kramer Capital Research, joined Cheddar to explain why the industry still has a long way to go when it comes to recovering from the pandemic.
The Federal Reserve announced it would begin tapering asset purchases in mid-November and that it would keep interest rates low. Stocks hit a record high on the announcement. Dan Eye, Head of Asset Allocation & Equity Research at Fort Pitt Capital Group, joins Cheddar News' Closing Bell to discuss the Fed news, as well as Q3 earnings season.
Both the S&P 500 and Nasdaq hit new highs Thursday, with investors keeping an eye on strong economic data, and tech stocks boosting the Nasdaq. The Dow closed lower, but hovered near a record. Brandon Pizzurro, Director of Public Investments at GuideStone Capital Management, joins Cheddar News' Closing Bell to discuss today's close, Q3 earnings season so far, and 2022 outlook amid Fed announcements.
The largest car search platform in India, Cardekho, recently raised $250 million in what the company calls a pre-IPO round led by leapfrog investments. The funding bumps CarDekho above unicorn status with a $1.2 billion valuation. The company currently has a catalogue of more than 3,000 pre-owned cars for online purchases and hopes to expand with the new funding. Partner and co-head of South Asian investment for LeapFrog Stewart Langdon joins Cheddar News' Closing Bell to discuss.
