WSJ News Exclusive | Carvana, once market darling, forced to turn to Apollo for cash

WSJ News Exclusive | Carvana, once market darling, forced to turn to Apollo for cash

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carvana Co. CVNA -1.95% Financial problems spread to debt markets this week when the online used-car dealership struggled to sell bonds and was forced to turn to Apollo Global Management Inc. APO 2.67% for $1.6 billion to salvage the case. The giant investment firm has agreed to buy about half of the $3.275 billion in…

Wealthy investors aren’t convinced that big stock market losses mean it’s a time to buy

Wealthy investors aren’t convinced that big stock market losses mean it’s a time to buy

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It’s been a tough year for an investor, and the wealthy are no exception. Losses in the stock and bond markets this year have made portfolio conversations between Wall Street investment advisers and clients more difficult. The most conservative portfolios performed as badly if not worse than the riskiest portfolios, with bonds offering little protection….

Houston homebuyers clinging to any deal in a hot market could be shut out by higher mortgages

Houston homebuyers clinging to any deal in a hot market could be shut out by higher mortgages

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Houston homebuyers are watching with bated breath as mortgage rates climb, with some rushing to make deals before rates rise, others downsizing their dream homes and still others being shut out of the market altogether. After the frenzied housing market of the past two years, mortgage rates — which have jumped two percentage points since…