Top real estate companies are rallying today. Zillow Group stock jumped 11%, while Better Home & Finance and Opendoor surged 33% and 17%, respectively. Other major names, including UWM Holdings and PennyMac Holdings, also traded in the green. Zillow Group, Better Home, and Opendoor jumped as bond yields fell While these stocks jumped, they remain
US stocks closed lower on Wednesday as hotter-than-expected inflation data increased expectations of further Federal Reserve interest rate hikes, weighing on technology shares and other rate-sensitive investments. The S&P 500 fell 1.08% to 7,721.49, while the Nasdaq Composite dropped 1.85% to 26,701.48. The Dow Jones Industrial Average declined 0.09%, or 45.23 points, to 51,624.87, with
Microsoft (MSFT) shares climbed on Tuesday, putting the stock on track for a record closing high as the technology company expanded its artificial intelligence infrastructure and regained a market capitalisation above $4 trillion. The stock rose 1.84% to $551.15 during Tuesday’s session. The stock was trading at $548 at the time of writing. If the
Micron Technology MU and SK Hynix shares traded lower on Monday as investors assessed the competitive implications of progress by China’s ChangXin Memory Technologies (CXMT) in developing a new memory-chip design that can store more data. Broader weakness in technology shares added to the selling pressure as oil prices climbed to their highest levels in
Bank of America is telling investors to buy BWX Technologies, DraftKings and Grocery Outlet Holdings before they report third-quarter results, backing each name with a different argument. The companies span nuclear components, sports betting and grocery retail, and share little beyond the timing of their earnings. Two reach the list through rating upgrades, while the
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
US stocks opened higher on Friday as oil prices retreated following easing concerns about further escalation in the Middle East, while investors assessed the outlook for artificial intelligence stocks and the impact of SpaceX’s latest spectrum deal on telecom companies. The Nasdaq Composite gained 172 points while the S&P 500 was up 0.35%. Dow Jones
Gold prices rose in early trading Thursday while silver declined sharply as oil prices climbed and Treasury yields remained near multi-decade highs, keeping inflation and interest-rate risks in focus. At the time of writing, spot gold was trading at $4128 an ounce, up around 0.40% on the day. Spot silver fell close to 1% and
Penguin Solutions delivered the kind of quarter needed to defend a 228% stock rally, but the valuation question has not disappeared. The AI infrastructure company reported an 888% jump in quarterly net income to $93 million, while revenue rose 68% to a record $567 million. Management also raised its fiscal 2027 outlook as AI data-centre
Hyperliquid announced Monday that it received a $14.58 million USDC payment under its Aligned Quote Asset v2 framework, known as AQAv2. The payment is the first distribution of yield generated on USDC reserves held within the Hyperliquid ecosystem. It introduces another funding source for HYPE buybacks alongside the trading fees that have historically provided most