Mortgage demand takes a massive hit as interest rates cross back over 7%
Applications for a mortgage to purchase a home fell 10% last week as interest rates surged to the highest level since early December.
Jeff Bezos unloads around $2.4 billion in Amazon stock, bringing recent sales to 50 million shares
Bezos has been aggressively selling Amazon stock since he disclosed a plan to sell up to 50 million shares in the company before Jan. 31, 2025.
Woman drops lawsuit against Leon Black alleging rape at Jeffrey Epstein mansion
Leon Black in 2023 agreed to pay $62.5 million to the U.S. Virgin Islands to be released from any potential claims related to its probe of Jeffrey Epstein.
UBS hikes its S&P 500 target to 5,400, highest on Wall Street
The S&P 500 is higher by more than 4%, having notched fresh record highs in recent weeks.
AbbVie taps longtime executive Robert Michael as new CEO, succeeding Richard Gonzalez
Michael, who is AbbVie’s chief operating officer, will become the company’s second-ever CEO since the company spun out from Abbott Laboratories in 2013.
Goldman raises S&P 500 target to 5,200, cites strong earnings
The S&P 500 has performed well to start the year despite broader economic concerns.
Nvidia faces stiff test on Wall Street this week after ‘parabolic’ stock rally
Even if Nvidia shows incredible growth, it could still come up short of elevated expectations given the stock’s fivefold increase since the end of 2022.
X social media platform restores account of Navalny’s widow, Yulia Navalnaya, after brief suspension
The X social media platform on Tuesday restored the account of Yulia Navalnaya, the widow of Russian opposition leader Alexei Navalny, after a brief suspension.
Rosenblatt calls for more than 60% upside on Super Micro Computer after stock’s massive rally
Rosenblatt forecasts shares could rally an additional 61.8% from Friday’s close, building on the stock’s 182% rally in 2024.
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal
The merger of the two companies, which are among the largest credit card issuers in the U.S., would expand Capital One’s credit card offerings and its deposit base.
