A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose last week to the highest level in four weeks, but mortgage demand didn’t really move. Total mortgage application volume increased 0.8% last week from the previous week, according to the Mortgage Bankers…
Rio Tinto and Glencore are back in talks about a possible $260 billion megadeal Rio Tinto LONDON — European stocks were higher on Tuesday as global markets settled following a short-lived sell-off in cryptocurrencies and precious metals. Shortly after the opening bell, the pan-European Stoxx 600 was 0.6% higher, with most sectors and all major…
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Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually….
Although LeBron James wasn’t able to play in the Los Angeles Lakers’ season opener, he’s making sure they learn from their loss to Golden State. Coach JJ Redick said James was “really helpful” during a film session Wednesday as the Lakers’ examined their performance in the 119-109 defeat. James won’t be ready to begin his…
The rebound in Wall Street dealmaking is undeniable. And, for Goldman Sachs , that’s undeniably bullish. Investors got two new reasons to be optimistic about the Club stock this week: Goldman was tapped as a financial advisor in the massive deal to take video game publisher Electronic Arts private, and smaller investment bank Jefferies posted its…
Pharmaceutical stocks largely shrugged off the change in Covid vaccine authorization policy, though analysts see rising risk in the space. The Food and Drug Administration on Wednesday set new limits for who is approved to get the latest round of Covid vaccines in the U.S. Despite this change, investors in vaccine makers haven’t taken this…
Japanese government bond yields have been notching fresh highs as investors price in persistent inflation, tighter monetary policy, as well as fiscal uncertainty. Japan’s 30-year bond yield notched a record high on Wednesday to hit 3.286%, surging more than 100 basis points this year, while yield on the 20-year debt is at its highest since…
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates dropped sharply Tuesday, as investors in mortgage-backed bonds seemed to buy in ahead of a widely expected rate cut by the Federal Reserve. The average rate on the 30-year fixed mortgage dropped 12…
Oil prices fell on Wednesday after reports that the U.S. had given Iran a plan to end the war, pushing stocks higher. Can investors finally breathe a sigh of relief? Not so fast, says Morgan Stanley. In a client note, analysts said that even a reopening of the critical Strait of Hormuz, which Iran has…
