Articles by Daniel Marsh
Mortgage Activity Edges Higher as Rates Dip, Yet Housing Market Momentum Falters
Mortgage applications increased last week as interest rates declined to a one-month low, though demand for home purchase loans softened. Existing-home sales fell in March, highlighting ongoing market headwinds.
March CPI Surge Dampens Fed Rate Cut Expectations, Fueling Market Uncertainty
A sharp rise in consumer prices during March, led by a historic jump in gasoline costs, has clouded the Federal Reserve's policy outlook, pushing back expectations for interest rate reductions.
American Airlines Soars on Merger Speculation with United
American Airlines shares jumped roughly 8% Tuesday following a Reuters report that United Airlines CEO Scott Kirby raised the idea of a merger with American during a February meeting with former President Donald Trump. No formal talks have been confirmed.
Stocks Rally on Diplomatic Hopes, Soft Inflation; S&P 500 Nears Record
Major U.S. equity indices advanced sharply Tuesday, with the S&P 500 closing within 0.2% of its January record. The rally was fueled by falling crude prices amid potential diplomatic talks with Iran and cooler-than-expected wholesale inflation data.
Risk Rally Erupts on Diplomatic Hopes, Pressuring Dollar and VIX
Markets staged a broad risk-on rally Tuesday, with the dollar and volatility gauges sinking on hopes for renewed U.S.-Iran negotiations. The S&P 500 climbed over 1% while Brent crude dropped sharply.
Painted Tree Boutiques Ceases Operations Nationwide, Vendors Scramble
Painted Tree Boutiques has shuttered all its U.S. stores, directing vendors to retrieve their merchandise. The Arkansas-based chain operated over 60 locations using a shared retail model.
Robinhood Jumps on Bullish Bernstein Call, Faces Legal and Revenue Tests
Robinhood shares rallied sharply following a bullish analyst note from Bernstein, which maintained a $130 price target. The gains come despite a more cautious view from Truist and ahead of pivotal first-quarter earnings and a key legal hearing.
Mortgage Rates Dip Slightly as Housing Market Struggles
Mortgage rates edged lower this week, with the 30-year fixed average at 6.31%. However, housing demand remains weak, with existing-home sales falling 3.6% in March.
Stocks Climb as Oil Retreats, Inflation Data Eases Rate Fears
U.S. equities advanced Tuesday, with the Dow Jones Industrial Average rising approximately 290 points, bolstered by a sharp decline in oil prices and wholesale inflation data that was cooler than anticipated.
Air Canada Reveals New Premium Cabins for A321XLR and 787-10 Jets
Air Canada has introduced next-generation premium cabins for its upcoming Airbus A321XLR and Boeing 787-10 aircraft, featuring lie-flat suites and upgraded amenities as part of a broader push to attract high-value international passengers.
Royal Caribbean Expands Cyprus Presence with Second Ship Registration
Royal Caribbean Group has registered the Navigator of the Seas under the Cyprus flag, marking its second vessel in the island's registry. The move follows the company's 2023 establishment of a permanent Limassol office and aligns with broader operational expansion.