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Mortgage Rates Surge Past 6.5% as Bond Selloff Rattles Housing Market
Mortgage rates climbed above 6.5% Friday, reaching a multi-month high as Treasury yields surged. The jump pressured housing stocks and caused a sharp drop in mortgage applications.
Qatar LNG Attack Sparks Global Energy Crisis, EU Weighs Emergency Steps
Europe's benchmark natural gas price remains near a three-year peak after attacks on Qatar's Ras Laffan LNG complex, with repairs potentially lasting five years. The EU is preparing emergency interventions as global supply tightens.
Bitcoin Retreats Under $70K Amid Inflation Fears, ETF Outflows
Bitcoin declined below the $70,000 threshold on Friday, pressured by broader risk-off sentiment driven by inflation worries and outflows from spot ETFs. Major cryptocurrencies and related equities also traded lower.
Silver Tumbles on Rate Hike Fears, Dollar Strength
Silver prices dropped nearly 5% to $69.39 an ounce, heading for a weekly loss amid rising Treasury yields and a stronger dollar. The sell-off dragged down related mining equities.
FedEx Surges on Raised Forecast, Defies Broader Market Slump
FedEx shares advanced Friday as the logistics giant posted stronger-than-expected quarterly results and raised its annual profit guidance, contrasting with a declining broader market.
Markets Slide on Geopolitical Tensions, Fed Rate Cut Hopes Dim
U.S. stocks declined sharply Friday, with the Dow Jones Industrial Average dropping over 210 points. Surging oil prices and heightened Middle East tensions fueled inflation fears, causing investors to reassess the Federal Reserve's policy timeline.
Gold Drops 1.8% as Dollar, Yields Surge on Troop Deployment News
Gold declined 1.8% to $4,566.26 per ounce Friday, heading for a third consecutive weekly drop. The sell-off was driven by a stronger U.S. dollar and rising bond yields following news of additional U.S. troop deployments to the Middle East.
Ondas Stock Drops Despite Q4 Profit Revision Ahead of Earnings
Ondas Holdings shares declined 5% to $10.19 after the company updated its Q4 forecast from a loss to a profit, citing a $102 million non-cash accounting gain. Revenue guidance remains unchanged.
U.S. Weighs Sanctions Waiver to Unlock 140M Barrels of Iranian Oil
The U.S. Treasury is considering a temporary sanctions waiver to release approximately 140 million barrels of Iranian oil currently stranded on tankers. This move aims to calm markets following Iran's closure of the Strait of Hormuz, a critical oil chokepoint.
Nu Holdings Retreats as Market Weighs UBS Upgrade Against Cost Pressures
Nu Holdings stock declined 1.3% to $13.98, partially reversing Thursday's advance following a UBS upgrade to Buy with a $17.60 target. The digital bank posted a 50% jump in Q4 net profit but faces scrutiny over costs.
Denison Mines Shares Slide as Phoenix Uranium Mine Construction Approved
Denison Mines shares declined following board approval to construct the Phoenix uranium mine in Saskatchewan, with the company reporting a substantial 2025 net loss and significant debt.
American Airlines Shares Dip as Fuel Costs Eclipse Record Revenue Outlook
American Airlines shares declined alongside peers as rising oil prices, driven by Middle East tensions, overshadowed a robust revenue forecast. The airline now expects Q1 revenue to jump over 10% year-over-year.