downturn

Bitcoin, and Ether trade lower. Analytics Insight enlists the top cryptocurrency prices for today Top cryptocurrency prices were trading in the red early today as the global crypto market cap experienced a downfall of nearly 2 percent over the last day. The cost of the world’s largest and most popular digital token hovered around US$16k, which is a decrease of 0.29 percent over the day, according to Coinmarketcap. On the other side, Ethereum also shows a price surge. Other cryptocurrency prices’ performance also declined…

Andre Maciel is the founder of Volpe Capital. He formerly worked with J.P. Morgan and was a managing investment partner at SoftBank. Jennifer Queen Contributor Jennifer Queen is the founder of Pina, a PR firm focused on startups and venture capital firms. Latin American venture capital and growth investments through 2018 had averaged less than $2 billion per year. With quality growth companies starved for capital, the few investors active in the region were…

Before the financial crisis of 2008, lenders barely bothered to verify mortgage applicants’ income. Today they demand reams of evidence that borrowers can afford their loans.Banks once held big pools of shoddy mortgages with little consequence. Now such exotic debt securities hardly exist, and banks would find them too costly to hold anyway. Underwater mortgages have given way to hefty cushions of home equity, particularly after a run-up in prices over the past two years. A 28% decline in U.S. home prices…

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SYDNEY—As layoffs in the tech sector mount, one highly valued startup is attempting to persuade businesses that its products offer better value when many are seeking to cut costs.Australian design-software startup Canva Pty. Ltd. hopes businesses will switch from more expensive products such as Adobe Inc.’s Creative Cloud. The risk is that potential customers, fearing a fall in revenue as the economy softens, will curb spending or even use more-limited design software available free. Founded…

Investors are seizing on any sign inflation has peaked as a reason to snap up beaten-down shares. Just look at housing stocks. Redfin Corp. RDFN 1.80% shares have soared more than 50% since Nov. 9 when the real-estate brokerage’s chief executive warned, “We have to assume that the sun will never come up.” Shares of home builder PulteGroup Inc. PHM 0.02% have gained 11% over the same period, despite its CEO recently…

WASHINGTON—A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn.The audit, released by the Federal Housing Administration on Tuesday, likely gives officials room to trim mortgage costs over the coming months as part of a push by the administration to address housing affordability. Low interest rates in 2020 and 2021 and a shortage of new construction pushed home prices to record highs. While prices are expected to…

Economists are predicting that soaring interest rates and falling prices will mark the end of the U.K.’s 13-year housing market boom, potentially leading to a house price crash.Matt Cardy | Getty Images News | Getty ImagesLONDON — The U.K. property market may be verging on a major downturn, with some market watchers warning of a collapse in prices of up to 30% as data points to the biggest slump in demand since the Global Financial Crisis.New homebuyer enquiries plunged in October to their lowest level since the 2008…

BERLIN—European companies have defied the continent’s darkening economic prospects by raising prices, but there are signs the strategy that has protected their profits is sputtering.Executives at some of the companies that have benefited from sharply higher prices are warning that soaring energy and food bills and concerns about jobs are beginning to deflate consumers’ appetite for their products.  SHARE YOUR THOUGHTSWhat…

TikTok has slashed about $2 bn off its target for 2022 ad revenue, underscoring the fallout of a global downturn. ByteDance Ltd.'s TikTok has slashed about $2 billion off its target for 2022 ad revenue, underscoring the fallout of a global downturn that's hammered fellow internet giants from Google to Meta Platforms Inc.TikTok Chief Executive Officer Shou Zi Chew told a handful of employees during a recent meeting that the Chinese-owned app has slashed its ad forecast for 2022 to $10 billion from at least $12 billion…