Finance Of America Cos Inc-A

Following the Federal Reserve's decision to maintain its benchmark interest rate, the average 30-year fixed mortgage rate held near 6.3% this week. Mortgage applications fell sharply, led by a 19% drop in refinancing activity.

Tesla's vice president of finance Sendil Palani is leaving the company after a 17-year tenure, marking another high-level departure as Tesla intensifies its focus on self-driving technology and robotics.

Robinhood Markets has introduced a premium Platinum credit card with a $695 annual fee, targeting high-income clients. The move is part of a broader strategy to become a family financial superapp.

Average 30-year fixed refinance rates hold above 6%, with government-backed options slightly lower. Most borrowers face higher costs despite some lenders offering sub-6% rates.

Thermo Fisher Scientific shares edged higher Monday after filing a preliminary prospectus for a four-part senior notes offering to fund its planned Clario acquisition. The company reported consolidated debt of $39.38 billion as of December 31, 2025.

Average 30-year fixed mortgage rates remain elevated around 6.2%, with refinance activity limited as rates stay above key psychological thresholds. High home prices continue to pressure affordability despite recent declines from peaks.

Uber and Adyen have broadened their payments collaboration, introducing physical booking kiosks and expanding into new regions. The move underscores a wider industry shift toward embedded financial services and specialized providers.

Toyota Motor appointed CFO Kenta Kon as its next chief executive and raised its full-year operating profit forecast to 3.8 trillion yen, sending shares near a one-year high. Investors are monitoring currency moves, U.S. tariffs, and a tender offer deadline this week.