Articles by Daniel Marsh
Mortgage Rates Climb to 6.95%, Pressuring Rocket Shares
Freddie Mac's 30-year mortgage rate jumped to 6.95%, up 19 basis points in a week. Rocket Companies (RKT) shares fell 2.2% to $12.46, near their 52-week low.
UK Budget Proposal: £600 Tax Relief for Workers, 45% CGT for Investors
A reported UK Budget proposal could lift personal allowance by £3,000, saving basic-rate taxpayers £600, but raise capital gains tax to 45%.
Apollo Shares Slip as Fund Redemption Requests Stay Elevated
Apollo shares fell 2.9% as its Debt Solutions fund reported redemption requests at 14.7% of shares, nearly triple the cap, but liquidity coverage remains strong.
McDonald's Stock Still 26% Below Peak as Monopoly Promotion Returns
McDonald's (MCD) trades up 0.4% premarket but remains 26% below its 52-week high. The Monopoly promotion returns Oct. 6, testing traffic amid weak guest counts.
Apple Stock Steady Near Peak as iPhone Settlement Claims Open
Apple opens claims for a $250M iPhone settlement over delayed Siri features. Stock holds near record as payments range $25-$95.
Calvin Harris Australia Tour Doubles to Eight Shows, Boosting Live Nation's Ticket Demand Test
Calvin Harris's debut Australia tour doubles to eight shows due to phenomenal demand, testing Ticketmaster's international growth. Live Nation shares rose 0.39% to $169.84.
Dairy Queen's Enchanted OREO Blizzard Not Yet on Official Menu
Dairy Queen has not yet listed the reported Enchanted OREO Blizzard on its official U.S. menu. The verified offer is a $3 small Coffee Cooler through November 1.
Trump Accounts Sold Amazon, Microsoft in July; MSFT Surges 24% Since
Trump-linked accounts sold $5M-$25M each of Amazon and Microsoft on July 20, then partly rebought. MSFT has jumped 24% since, AMZN just 2.1%.
Take-Two Dips as NBA 2K Currency Lawsuit Threatens 84% Recurrent Revenue
Take-Two Interactive (TTWO) slid 1.75% as unsealed testimony in a lawsuit over NBA 2K virtual currency highlighted that recurrent spending drives 84% of its bookings.
Nebius Rises 2.1% Despite $84 Sell Rating as Analyst Targets Diverge by $326
Nebius Group shares climbed 2.1% to $237.60 on Tuesday, shrugging off a new $84 Sell rating from Rothschild & Co Redburn. Analyst targets now range from $84 to $410, a $326 gap.
INEOS to Shut Hull Acetyls Plants on 12x US Gas Costs
INEOS is mothballing its three Hull acetyls plants, Europe's last world-scale units, citing gas costs 12 times higher than in the US. Celanese and Eastman shares gained.