Yahoo Finance Yahoo Finance's morning wrap for Wednesday
Good morning.
Here’s everything you need to know in finance this morning.
We might be on a verge of a gigantic market bubble: Most Wall Street pros aren’t yet ready to say we are smack in the middle of a gigantic stock market bubble on the cusp of exploding. But you can’t help but to wonder if they are missing something that could soon end very badly for investors aggressively pursuing fat returns in a low interest rate world.
Facebook unveils its cryptocurrency project: Calibra is a “newly formed Facebook subsidiary” and its first product, launching in 2020, will be a digital wallet to store and send Libra, a new cryptocurrency. The digital wallet will initially be available inside WhatsApp and Facebook Messenger, and eventually as a standalone app for iOS and Android.
'Uncertainty is our middle name': Billionaire business tycoon Nassef Sawiris heads a company that serves, among others, agricultural clients all over the world. But despite the U.S.-China trade war and all the uncertainty it's wreaked on his customers, the OCI N.V CEO says he's not deterred from investing.
Sotheby's auction house bought by French billionaire: French billionaire Patrick Drahi has sealed a deal to buy Sotheby’s — one of world's largest brokers of fine and decorative art, jewellery, real estate, and collectibles — for $3.7bn (£2.9bn).
Why think twice about buying in a high-rise: Building defects in the Opal Tower and Mascot Towers have cost residents financially and emotionally, but the Grenfell Tower disaster in London cost dozens of people their lives. But a shocking a new report has revealed 97 per cent of apartment buildings in New South Wales, and 85 per cent across Australia have some form of structural defect.
Avoid these common 8 renovation mistakes: Not all renovation work will add value to your home. Here are the pitfalls you need to avoid.
House prices are still falling but the end is in sight: I think there is a cycle and that after the surge up to 2017, house price falls were inevitable, but that the decline would last only a couple of years and would not be too severe. Here’s why.
Buyer frenzy: Peter Alexander’s latest sale has triggered a buyer frenzy among shoppers.
Have a great day.
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