Brace for the S&P 500 to crash 30% before an even bigger collapse after the election, markets guru David Brady warns

The S&P 500 is headed for a devastating crash, markets guru David Brady said.peshkov/Getty Images Expect the S&P 500 to tumble 30%, recover, then suffer a historic crash, David Brady warned. He predicted the Federal Reserve would shore up the market before the election. The analyst said economic and geopolitical forces would cause a market … Read more

Venezuela closes embassy in Ecuador to protest raid on Mexican embassy there

MEXICO CITY (AP) — Venezuelan President Nicolás Maduro ordered the closure of his country’s embassy and consulates in Ecuador on Tuesday in solidarity with Mexico in its protest over a raid by Ecuadorian authorities on the Mexican embassy in Quito. Venezuela also “fully supports” Mexico’s request to have the United Nations suspend Ecuador from the … Read more

Stocks wobble as earnings roll in, Powell comments on inflation

New residential construction, including single-family and multifamily homes, tumbled by the largest amount in four years as rising mortgage rates weaken housing activity. Housing starts fell 14.7% month over month in March, dropping from a 1.55 million units annualized pace to 1.32 million units annualized, according to data from the Census Bureau released Tuesday. Single-family … Read more