Articles by Daniel Marsh
US Mortgage Rates Dip but Fail to Spur Demand as Listings Drop
Mortgage rates eased to 6.48% but applications fell 2.5% for a third straight week, as affordability gains remain marginal and Treasury yields climb.
Mississippi Taxpayers Face Final Deadline After Storm Extension Ends
Mississippi taxpayers have until Monday, June 8, to file and pay 2025 taxes after Winter Storm Fern relief ends. Missing the deadline will reinstate normal IRS enforcement.
Trump Media Stock Tumbles as Merger Doubts and Tech Selloff Weigh
Trump Media & Technology Group (DJT) shares slumped 6% to $8.27 Friday, ending an 11% weekly decline, as a $405.9 million Q1 loss and uncertainty about its $6 billion TAE Technologies merger spooked investors.
Visa Edges Higher Friday, Focus Turns to Inflation Data Next Week
Visa shares rebounded Friday, gaining 1.06% to $323.57, as investors weighed a stablecoin settlement test against a weekly loss and looked ahead to key inflation data.
AI Rally Cools: Chip Rout Erases $1.3 Trillion as Jobs Data Spurs Rate Jitters
Wall Street's AI-driven rally stalled Friday as chip stocks plunged, erasing $1.3 trillion in market cap, after a strong jobs report sparked Fed rate fears. The S&P 500 ended a nine-week winning streak.
Disney Holds Near $100 as Rosenblatt Boosts Target on Film Slate
Disney shares ended the week near $100 as Rosenblatt lifted its price target to $126, highlighting the profit potential from the 2026 film slate, even as the S&P 500 fell 2.64%.
Energy Transfer Loses Streak; Weekly Gain Holds Despite Market Selloff
Energy Transfer LP units fell 1.17% to $19.39 on Friday, snapping a four-day winning streak, but still gained 1.1% for the week as the broader market sold off.
Philippine Airlines Appoints Ex-Malaysia Aviation Chief as Independent Director
Philippine Airlines appointed two new independent directors, including ex-Malaysia Aviation Group chief Izham Ismail, as it ramps up long-haul routes with A350-1000 jets.
SK Hynix Plunges 10% as Global Tech Rout Hits Seoul; AI Memory Trade Faces Key Test
SK Hynix shares tumbled 10% on Friday, leading a broader tech rout in Seoul. The drop marks a key test for the AI-memory trade, with HBM demand, U.S. chip sector moves, and the ADR listing plan in focus.