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REI News30 articles
Mortgage Rates Hold Near Recent Highs, Adding Pressure to Spring Homebuyers
Key mortgage rates held near multi-month highs on Tuesday, sustaining affordability challenges for prospective homebuyers this spring. Data from major trackers showed continued volatility, with the 10-year Treasury yield hovering around 4.5%.
Oracle Restructuring Hits India as AI Spending Plan Reaches $50 Billion
Oracle has begun workforce reductions in India as part of a broader restructuring effort, with estimated costs reaching $2.1 billion. The company continues its aggressive $50 billion capital expenditure plan for artificial intelligence data centers.
Mortgage Rates Hit 8-Month High, Pressuring Housing Demand and Lender Stocks
Mortgage rates reached an eight-month peak on Friday, with the average 30-year fixed loan at 6.64%. The Mortgage Bankers Association reported a 10.5% weekly drop in applications as affordability concerns mount.
U.S. Mortgage Rates Surge to 6.38%, Dampening Spring Housing Activity
U.S. mortgage rates climbed to a six-month high of 6.38% this week, pressuring borrower demand. The Mortgage Bankers Association reported a 10.5% weekly decline in applications as costs rose.
Mortgage Rates Surge to 6.38%, Highest Since September, Pressuring Housing Stocks
The average 30-year fixed mortgage rate jumped to 6.38% this week, reaching its highest level since early September. The increase, driven by rising Treasury yields and surging oil prices, contributed to a 10.5% weekly drop in mortgage applications.
Tesla Shares Gain on European Sales Rebound Amid Lingering Delivery Concerns
Tesla shares advanced roughly 2% premarket Wednesday following a rebound in European vehicle registrations, ending a 13-month slide. However, BYD maintained a narrow sales lead in the region, and investors remain focused on tempered delivery expectations and upcoming regulatory decisions.
Opendoor Stock Dips as Rising Mortgage Rates Pressure Spring Housing Outlook
Opendoor Technologies stock declined roughly 2% as mortgage rates climbed to their highest level since December, clouding the spring homebuying season. The company forecasts a sequential revenue drop and ongoing EBITDA losses.
Kratos Defense Shares Slide 9% Amid Market Selloff, Nearing Recent Offering Price
Kratos Defense shares dropped sharply on Friday, closing at $84.62 after an 8.79% decline. The selloff brings the stock near the $84 price from its recent equity offering as broader markets retreated.
United Airlines Shares Drop on Soaring Fuel Costs, Capacity Cuts
United Airlines Holdings shares tumbled 4.46% Friday as the carrier warned employees of potential $175 per barrel crude oil prices and announced deeper flight reductions, primarily from Chicago O'Hare.
Mortgage Rates Climb, Squeezing Spring Housing Momentum
The average 30-year fixed mortgage rate increased to 6.22% this week, contributing to a 10.9% drop in overall loan applications as refinancing activity slowed. Purchase applications showed slight weekly growth but remain volatile year-over-year.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
Rocket Lab Announces $1B Stock Offering, Shares Retreat After Neutron Rally
Rocket Lab shares declined nearly 9% after the company filed to sell up to $1 billion in common stock via an at-the-market offering, tempering recent gains driven by Neutron rocket development and defense contract wins.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.
Delta, American Lift Revenue Forecasts as Travel Demand Offsets Soaring Fuel Costs
Delta and American Airlines have increased their first-quarter revenue projections, citing robust spring bookings that are helping counter a surge in jet fuel expenses linked to geopolitical tensions.
Oklo's Q4 Report Looms Amid Meta Deal Enthusiasm and Lingering Risks
Oklo shares advanced Monday as investors await the nuclear startup's fourth-quarter results, due after Tuesday's market close. The stock remains down sharply from its peak despite a recent development agreement with Meta.
Oracle's AI Ambitions Face Cost Scrutiny as Restructuring Charges Rise
Oracle's stock declined following a filing revealing higher restructuring costs, even as the company reported strong cloud growth and reaffirmed massive capital spending plans.
Silver Retreats to $81, Pressuring Miners as Dollar Strength Weighs
Silver prices declined sharply on Friday, dropping over 3% toward $81 per ounce, which pressured shares of silver mining companies. The move was driven by a resilient U.S. dollar and recalibrated expectations for Federal Reserve interest rate cuts.
ImmunityBio Surges on NK-Cell Manufacturing Milestone, Anktiva Expansion Progress
ImmunityBio shares jumped 10.5% Friday following news of a completed scalable manufacturing process for its NK-cell therapy platform and regulatory progress for its drug Anktiva. The company also reported surging 2025 revenue.
Mortgage Rates Surge Past 6%, Dampening Spring Housing Momentum
U.S. mortgage rates climbed sharply this week, with the average 30-year fixed rate rising to 6.11% from 6.00%. The increase, the largest weekly jump since April 2025, arrives as the spring housing market shows early signs of activity.
Ford Shares Stagnate Amid Safety Hearing and Mounting Recalls
Ford Motor shares showed minimal movement, trading around $12.25, as regulatory scrutiny intensifies with a March 31 hearing on fatal BlueCruise incidents and a wave of recalls affecting millions of vehicles.
Bradesco Shareholders Approve Capital Increase, Eye Healthcare Restructuring
Banco Bradesco secured shareholder approval for a R$6.67 billion capital boost through reserve capitalization, leaving its ADR price unchanged. Investors now await a key March 31 vote on consolidating healthcare assets under Odontoprev.
American Airlines Under Pressure as Soaring Fuel Costs Threaten 2026 Targets
American Airlines shares dropped roughly 3% in premarket trading as escalating jet fuel costs and volatile oil prices pressured airline stocks. The carrier faces a steeper climb than rivals due to higher fuel sensitivity and significant debt.
Intel Debuts New Edge AI Chips Amid Strategic Restructuring
Intel unveiled its Core Series 2 edge AI processors for industrial systems and a healthcare AI suite at Embedded World, aiming for deterministic performance in factories and patient monitoring.
Amazon Launches Massive Bond Offering to Fuel AI and Cloud Expansion
Amazon is preparing a bond sale of up to $42 billion to finance its aggressive $200 billion capital expenditure plan for 2026, heavily focused on AI and cloud infrastructure.
Coinbase Expands European Derivatives Offering Amid Regulatory Scrutiny
Coinbase has initiated a regulated futures trading service for eligible clients across 26 European nations, including products with significant leverage. This expansion occurs as European authorities increase their examination of derivative offerings in the crypto sector.
Chevron Eyes Brazil's Ipiranga Stake Amid Ultrapar Restructuring
Chevron is in discussions to acquire a minority stake in Brazilian fuel distributor Ipiranga, sources indicate. Parent company Ultrapar has engaged BTG Pactual to manage a potential sale as it shifts focus away from fuel distribution.
LSEG Unveils Comprehensive ESG Scoring Ahead of EU Regulatory Deadline
London Stock Exchange Group has introduced a major ESG scoring and analytics platform, covering thousands of companies and bonds, as it prepares for upcoming European sustainability regulations. The launch follows a significant share repurchase program and ongoing investor pressure for growth.
Meta Faces CPI, Regulatory Hurdles, and Soaring AI Costs
Meta shares declined amid EU regulatory pressure and ballooning AI infrastructure costs, with investors shifting focus to upcoming U.S. inflation reports and global market cues.
IREN Shares Slide on $6B Equity Offering and Major Nvidia GPU Purchase
IREN shares declined approximately 11% following the announcement of a $6 billion at-the-market equity offering and agreements to acquire over 50,000 Nvidia B300 GPUs.
PLS Group's Gender Pay Gap Widens Amid Corporate Restructuring
PLS Group's median gender pay gap in Australia increased to 15.2% from 11.1% the previous year, which the company attributes to corporate layoffs and a processing plant being placed into care and maintenance.