Mortgage rates surge to nearly four-week high as Iran headlines impact markets
Negative headlines on the Iran war pushed bond yields higher, and mortgage rates followed.
Microsoft and Nvidia finally became cheap enough for this value investor – and he plans to buy any dips
Chris Grisanti, chief market strategist at MAI Capital Management, said he bought into the megacaps in the first quarter of the year.
Microsoft calls for $190 billion in 2026 capital spending on soaring memory prices
Microsoft’s forecast on revenue and operating margin was light, but the company sees $190 billion in 2026 capital spending, well above Wall Street’s estimate.
Hegseth defends Iran war’s mission, costs in first testimony since conflict began
Democratic lawmakers grilled Hegseth about the Iran war in a hearing about the Pentagon’s budget.
OpenAI looms over earnings from tech hyperscalers
Amazon, Alphabet, Meta and Microsoft report quarterly results after the bell, and OpenAI is likely to be a big topic across the board.
Yum Brands earnings top estimates, fueled by Taco Bell’s 8% same-store sales growth
Taco Bell’s same-store sales increased 8% in the quarter, fueling the company’s outperformance.
Mortgage rates are rising again, but homebuyers are trickling back
Mortgage rates rose last week after several weeks of declines. That took a toll on refinance demand, but homebuyers seem more resilient.
Brent oil tops $118 after Trump says he will blockade Iran until it agrees to a nuclear deal
The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.
Meta told it’s violating EU law by not doing enough to keep children off Facebook and Instagram
Children can create Instagram and Facebook accounts simply by inputting a false birth date, a preliminary EU investigation found.
DHS shutdown: Congressional dysfunction imperils pay for TSA, Secret Service
The Department of Homeland Security has been shut down since February, as Congress continues to look for a compromise to fund the agency.
