Latest News
Mortgage Rates Surge to 6.89% as 10-Year Treasury Hits 20-Month High
The average 30-year fixed mortgage rate jumped to 6.89%, the highest in a year, as Treasury yields surged. Monthly payments on a $400,000 loan are now $236 above the 2026 low.
RBNZ Rate Hike Falls Short of Hawkish Hopes, NZD Slides 1.1%
The RBNZ lifted the OCR to 2.75% as expected, but a dovish statement sent the New Zealand dollar down 1.1% to US$0.5830. Markets now focus on the October 28 policy decision.
Binance Dominates August Exchange Inflows as Bitcoin Retreats Below $78K
Binance secured $15.7B in August inflows, over 75% of all centralized exchange flows, as Bitcoin dropped below $78,000. Record spot volumes and concentration risks highlighted.
Nvidia Slips 1.5% as DLSS 5 Launch Raises RTX 50 Demand Concerns
Nvidia shares slipped 1.5% ahead of DLSS 5's debut in NBA 2K27, spotlighting the small but strategic Edge Computing segment and raising questions about RTX 50 upgrade demand.
Netflix's 'The Secret Woman' Draws 11.4M Views, Stock Dips 1.7%
Netflix's 'The Secret Woman' drew 11.4M views in its first three days, ranking #2 among non-English films, but shares slipped 1.7%.
GoPro Surges 41.5% on $1.14 Cash Offer with 10% Equity Stake
GoPro shares surged 41.5% to $1.24 after Starman Optical agreed to acquire the company for $1.14 per share in cash plus a 10% equity stake in the combined entity.
IREN shares fall as AI contracts outpace recognized revenue
IREN shares dropped 0.8% as its contracted AI revenue of $4 billion contrasts with just $128.8 million in recognized cloud revenue, spotlighting execution risks.
Nu Holdings Faces Valuation Scrutiny Despite Strong Q2 Profitability
Nu Holdings (NYSE:NU) slipped 0.6% despite strong Q2 results, with a 33% ROE and robust revenue growth, but valuation and credit concerns persist.
Nauticus Robotics Soars 27% as Both Comanche ROVs Enter Commercial Service
Nauticus Robotics (KITT) surged 27% after announcing both Comanche ROVs are now in commercial service. The rally lifts market value to $7.55M, yet cash reserves may only last 25 days.
Petrobras ADRs Jump 5% as Oil Prices Surge on Middle East Tensions
Petrobras ADRs advanced 5.06% to $20.33 as Brent crude settled at $94.65, strengthening the company's cash-flow position amid record production and rising geopolitical tensions.
Axon Shares Tumble 8.5% as Rising Bond Yields Pressure Growth Stocks
Axon (AXON) dropped 8.5% to $518.30, wiping out $3.9B as 10-year Treasury yields hit 4.79%. Despite strong Q2 revenue growth of 35%, valuation concerns weigh on the stock.
Snap Stock Slips 3.6% as Low-Monetization Users Dominate Base
Snap shares declined 3.6% as 62% of daily users reside in low-ARPU regions, overshadowing strong Q2 revenue growth of 19%.