Elon Musk’s Tesla is grossly overvalued, one analyst is warning.REUTERS/Aly Song Tesla could end up plunging as much as 65%, one long-running bear says. Roth MKM analyst Craig Irwin reiterated his $85 price target in a recent interview. The EV maker has soared amid the AI hype, but is “egregiously overvalued,” Irwin said. Elon Musk’s […]
(Left) Kevin Dietsch/Getty Images, (Right) Getty Images Home prices may pick up speed after the Fed cuts rates next year, according to Fitch. The ratings agency see prices rising as much as 3% next year and up to 4% in 2025. That would come after the Fed is expected to cut rates by 75 basis […]
It’s not just the rent that’s too damn high—so are home prices, according to a major ratings agency. But the economic landscape this year means that’s unlikely to change soon. National home prices were 9.4% “overvalued”—meaning their price does not align with the property’s actual value—in the second quarter of this year, according to a […]
Nervous bohemian with laptop in cafe The stock market was due for a rebound in 2023. The inflation crisis that started in 2021 led to a disastrous 2022, where the S&P 500 (SNPINDEX: ^GSPC) market index fell by 19.4%. And 2023 has delivered a powerful recovery. The S&P 500 is up more than 23% year-to-date, […]