Mortgage Rates Hit 6.95%. Here Is What It Costs a Buyer.
With real quotes nearer 7.2% and pending sales 30% below pre-pandemic norms, the math has turned against buyers and homebuilder shareholders alike.
Top News
The Warsh Dot Plot Will Decide Stocks After 2pm
A 25-basis-point hike is mostly priced. The trade is what the 2027 median implies for banks, homebuilders, utilities, and small caps.
BofA’s Fee Miss Puts JPMorgan in the Hot Seat Today
Moynihan guided $200-$400 million below Street expectations. Doug Petno speaks at 2:45 ET and can either confirm the damage or contain it.
McKesson’s $15B GLP-1 Quarter Proves the Margin Story Is Real
GLP-1 distribution revenue surged 24% year over year in Q1 FY2027, but the more important number is what it did to operating profit.
Apple’s Foldable iPhone Debuts Today. Levels for AAPL.
The ‘Surprise and Shine’ event starts at 1pm ET, with Pro iPhones and a first foldable. What to watch.
Ford’s Idle Battery Plants Could Be Worth $10 Billion. The Clock Starts in 2027.
Ford Energy turns a failed EV bet into grid storage, but investors are still paying $4 billion in annual losses to find out if it works.
Flex Is Betting $4.4 Billion on a 2027 Re-Rating
The EPC Power deal loads the spinoff with high-margin, high-growth power conversion assets before it trades on its own.
Fervo Energy Jumped 28% on the Google Deal. The Cash Flows Are Still Two Years Away.
FRVO’s record geothermal contract is real, but the gap between a headline and a paycheck matters for how much you own.
Gold Is Back at $4,490. The Yields That Decide Next.
A $157 rebound off a 10-year near 4.79% restored gold’s 2026 gains. August CPI on Sep. 11 will decide whether it holds.
Goldman, Citi and BofA Want to Issue a Dollar Stablecoin. Their Own Fees Are at Risk.
The real question facing the 21-bank consortium is whether it cannibalizes the correspondent-banking revenue its members depend on far more than anything Circle earns.