Prospective buyers depart an open house in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Mortgage rates finally eased a bit last week, but it was not enough to light a fire under demand. Total mortgage application volume dropped 2.5% compared with the previous week according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an additional adjustment for the Memorial Day holiday. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, decreased to 6.57% from 6.65%, with points increasing to 0.67 from 0.65, including the origination fee, for loans with a 20% down payment. "The prospect of easing energy prices given the evolving situation in the Middle East brought mortgage rates slightly lower last week," said Joel Kan, MBA's vice president and deputy chief economist. "The 5-year ARM rate inched up slightly, reflecting a flattening yield curve, as short-term rates are at risk of increasing while longer-term rates have dropped." Applications for a mortgage to purchase a home dropped 3% for the week to the slowest pace since April. Demand was 7% higher than the same week one year ago, when mortgage rates were 35 basis points higher. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . Applications to refinance a home loan fell 2% for the week and were 20% higher than the same week one year ago. Last week's refinance pace was the slowest since last June. There was less demand for adjustable rate loans (ARMs), as consumers opt for those when rates are rising. Mortgage rates are essentially flat so far this week, according to a separate survey from Mortgage News Daily. "Unlike the average trading day of late, bonds held inside a very narrow range AND didn't vi...

By the time the Children's Hospital closed its doors to trans patients, Sage had already stopped taking testosterone. A nonbinary high school student, they originally received treatment for the rapid onset of puberty. The changes their body experienced felt frightening and sudden. They developed PMOS, a relatively common hormonal disorder that can lead to hair growth and irregular periods. The pandemic didn't help. Too much time to focus on scrutinizing the person in the mirror while doomscrolling. Their doctor first prescribed puberty blockers to help with their PMOS symptoms - not explicitly for trans-related reasons - and eventually recom … Read the full story at The Verge.

Forget chasing the Mag 7. Pacer ETFs’ Sean O'Hara and Catalyst Funds’ David Miller join host Trader Talk host Kenny Polcari to break down the massive trillion-dollar boom that could come from AI infrastructure investments.

Reflexivity’s institutional-grade investment intelligence, spanning 40,000+ securities, 47 global markets, 900+ themes, and 10M+ verified market relationships, is now accessible directly within Microsoft 365 Copilot. Reflexivity x Copilot Reflexivity x Copilot NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Reflexivity, a leading AI analyst for capital markets investors, today announced that its proprietary Knowledge Graph is now available within Microsoft 365 Copilot through the Reflexivity plugin.

Dow Jones Top Company Headlines at 7 AM ET: Baidu Sees AI, Chip Business Driving Healthy Revenue Growth 富途牛牛

On track to complete enrollment of MIST Phase 2b trial of AP01 in progressive pulmonary fibrosis (PPF) in mid-2026, with newly presented long term open-label extension clinical data that support favorable tolerability profile

NORWALK, Conn., June 03, 2026 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced it will release its financial and operating results for the third quarter fiscal 2026, ending May 31, 2026, on Wednesday, July 1, 2026.

Earnings Ahead of Expectations

Sales of $103.3 million, Net Loss of $(0.11) per diluted share, Adjusted Net Loss of $(0.06) per diluted share Sales of $103.3 million, Net Loss of $(0.11) per diluted share, Adjusted Net Loss of $(0.06) per diluted share

The White House Office of Management and Budget is moving to take more control of billions of dollars in federal grants. Critics say the proposed change would jeopardize the integrity of U.S. science. (Image credit: Andrew Harnik)

WALNUT CREEK, Calif. and SUZHOU, China, June 03, 2026 (GLOBE NEWSWIRE) -- Dark Horse Consulting Group (“DHCG” or “the Group”), a leader in strategic and operational biotherapeutics consulting, and Altruist Biologics, a wholly-owned subsidiary of Innovent Biologics and global contract development and manufacturing organization (CDMO) specializing in the development and cGMP manufacture of biologics, today announced the signing of a Memorandum of Understanding (MOU) to establish a strategic collab

Tesla CEO Elon Musk already has one highly valuable company worth $1.6 trillion in his electric vehicle business, and if all goes well for SpaceX when it goes public later this month, he could have another with a comparable market cap. There's an outside chance that the aerospace company might even hit a valuation of $2 trillion or more. Interest in SpaceX is high, and there's sure to be plenty of activity around the stock when it begins trading. Investors could buy it as early as June 12. And while there are many reasons to be excited about the company, there are also important risks to consider with SpaceX's upcoming IPO . Here are three of the most important risks that could derail the stock when it goes public. Image source: Getty Images. Continue reading

Foreign investors led by the likes of Stanley Druckenmiller and major Wall Street banks are returning to Argentine stocks this year after some had exited ahead of 2025’s volatile midterm election cycle. Flows into the Global X MSCI Argentina ETF, the country’s main outlet for equity investors abroad, are up by $63 million so far this year partly on market optimism that MSCI could reclassify the fund during a June review. An upgrade could trigger automatic inflows into Argentine assets from passive funds that track frontier or emerging-market indexes. Argentina’s current standalone status limits access to international funds that can invest only through those benchmark baskets. That makes up for some of the $192 million in outflows that had been driven by uncertainty around Argentina’s midterm vote. Still, the ETF is up by about $500 million since President Javier Milei ’s first full year in office. More broadly, Argentina’s stock index, S&P Merval , jumped nearly 10% in May in dollar terms, to its highest level since Milei’s party came back to win the October vote after weeks of a market selloff. Since that election, it’s up 54%. Druckenmiller’s Duquesne Family Office, which bought and sold prior stakes in Argentine stocks, purchased $128 million in state-run energy giant YPF SA , according to first-quarter regulatory filings. YPF’s shares are at a 20-year high, boosted by rising oil production in the nation’s shale fields. Duquesne also added to its position in oil driller Vista Energy SAB and the MSCI Argentina ETF. A spokeswoman for Duquesne Family Office did not immediately respond to a request for comment from Bloomberg News. A big supporter of Milei’s free-market ideology, Druckenmiller bought Argentina’s five most liquid US-listed stocks in 2024 after hearing the libertarian’s speech in Davos. But the veteran investor also had to navigate the nation’s political swings: he cut exposure months before last October’s midterm elections and came back strongly after...

Monty Rakusen/DigitalVision via Getty Images Hexcel Corporation ( HXL ) is navigating an improving market as aircraft production is set to make incremental improvements over the coming years, while investments in space and defense pick up momentum. With the space economy set to accelerate in 2027 through both civil and commercial investments, I have reason to believe that this market vertical can be a major growth driver for Hexcel over the coming years. In addition to this, defense may also provide appealing tailwinds for Hexcel in the back half of 2026 as the US primes ramp up munitions production supporting the US’s war efforts. Given the strong backdrop, I am recommending HXL shares with a Buy rating with a price target of $119/share at 18.43x eFY28 EV/aEBITDA. Hexcel Corporation Operational Update Corporate Filings Hexcel started FY26 with a strong footing through margin-accretive growth in Q1’26, resulting in a robust improvement to the operating margins with a 180 bps expansion. Earnings in the quarter were largely driven by the recovery of the commercial airline market and the necessity for lightweight composite materials, resulting in Hexcel achieving a 10% top-line growth rate in Q1’26. Looking ahead, Hexcel sees two diverging paths among the major aircraft manufacturers, The Boeing Company ( BA ) and Airbus SE ( EADSF ). For Airbus, production rates are expected to come in lower than expected as a result of engine shortages from its prime supplier, Pratt & Whitney . Accordingly, Pratt & Whitney had previously suggested that more engines would be allocated to aftermarket MRO services rather than new builds, creating some disruptions in Airbus’s supply chain, resulting in Airbus taking down its 2026 production forecast. Boeing, on the other hand, is expected to continue ramping up production of the 737 and 787 with the expectation of producing 47 737s per month over the next few months before increasing production in the back half of 2026. With the new 737 ...

STORY: AI startup DeepSeek is expected to raise around $7.4 billion in its first funding round. That’s according to sources, who said investors will include tech firm Tencent and battery giant CATL. They added the fundraising could value the Chinese company after the investment at between $52 billion and $59 billion. DeepSeek is also in final talks with China's national AI fund, the sources said, as well as other possible investors including e-commerce titan JD.com. DeepSeek became China's national AI champion and scored global fame early last year. Its V3 and R1 models drew widespread praise in Silicon Valley and challenged U.S. assumptions about China's AI capabilities. The country’s national AI fund, and lineup of potential DeepSeek investors, show China's efforts to build a more self-sufficient AI industry. The sources said DeepSeek is expected to complete the funding round within the next couple of weeks. The startup has to date not made any statements about whether it plans an initial public offering sometime in the future.

AVGO Stock Drops After-Hours After Q3 Revenue Outlook Fails To Impress Stocktwits

In this article M Follow your favorite stocks CREATE FREE ACCOUNT People walk around the Macys Flagship store in New York City on January 14, 2025. Eduardo Munoz Alvarez | Corbis News | Getty Images Macy's posted its strongest first-quarter comparable sales performance in four years on Wednesday, as the legacy department store's turnaround continues to show progress. Led by the 200 so-called reimagined stores Macy's has upgraded, comparable sales grew 3% overall during the quarter and 1.6% at its namesake banner. At Bloomingdale's, comparable sales grew 10.2%, helped by an array of buzzy brands, a "fun factor" unique in the luxury landscape and the recent bankruptcy of rival Saks Fifth Avenue, CEO Tony Spring told CNBC in an interview. "Is the disruption in the marketplace helpful to us? Sure," he said. "Is it the primary reason we're growing? No." Spring said better-than-expected sales and profitability led the company to raise its full fiscal year guidance after taking a cautious outlook earlier in the year. It's now expecting 2026 net sales to be between $21.5 billion and $21.75 billion, largely ahead of expectations of $21.59 billion, according to LSEG. It anticipates earnings per share will be between $2 and $2.20, up from a previous range of between $1.90 and $2.10. It now expects comparable sales to climb between 0.5% and 1.2% for the year, versus a previous outlook of a 0.5% drop to a 0.5% increase. Many retailers have reported strong growth during their fiscal first quarters in recent weeks due in part to higher than usual tax refunds . Some companies issued more cautious guidance for the current quarter over concerns less stimulus in the economy could lead to slower demand, especially as shoppers pay more for gas due to the war in the Middle East. Spring said tax refunds "definitely" helped during the first quarter, but weren't the only reason why Macy's grew. Crucially, the same trends the company saw during the first quarter have so far continued into th...

2,757 Shares in Tesla, Inc. $TSLA Purchased by Marble Wealth LLC MarketBeat

Several long-range drones struck oil storage facilities near in the city, days before Vladimir Putin is due to address the event.

Marble Wealth LLC Purchases Shares of 6,744 Qualcomm Incorporated $QCOM MarketBeat

Marble Wealth LLC Makes New Investment in Oracle Corporation $ORCL MarketBeat

Marble Wealth LLC Purchases Shares of 6,744 Qualcomm Incorporated $QCOM MarketBeat

Marble Wealth LLC Acquires Shares of 4,575 Advanced Micro Devices, Inc. $AMD MarketBeat

Shepherd Street Advisors LLC Takes $2.40 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM MarketBeat

An earnings “supercycle” in the US is poised to drive stocks to more record highs, according to Nataliia Lipikhina at JPMorgan Chase & Co. , fueled by heavy spending from hyperscalers and advances in agentic AI. “We actually just recently lifted our S&P target, and we think that the earnings growth in 2026 can be 20%,” Lipikhina, the head of EMEA equity strategy at JPMorgan Private Bank, told Bloomberg Television in an interview. The S&P 500 has been tracking its strongest earnings growth in five years during this current reporting period, with Bloomberg Intelligence saying that most of the growth continues to come from Big Tech. Indeed, AI companies are seen as a major reason the US index could exceed 20% earnings growth in 2026, BI said last month. Lipikhina described the recent run of earnings growth as “pretty phenomenal” with tech doing most of the heavy lifting. The bank’s upgraded outlook reflects confidence that the earnings expansion will prove more durable than typical economic cycles. Addressing diversification and hedging the popular AI trade, she said investors need to look at sectors and regions that have underperformed. With uncertainty in the Middle East being such a large part of the wider investing picture, she mentioned Europe and luxury stocks as potential winners on any resolution of the Iran war. On concerns about market stability amid the large initial public offerings set for this summer, Lipikhina said JPMorgan’s analysis shows even very large offerings do not disturb markets significantly. She explained that a company with a trillion-dollar market capitalization and 10% free float might create some selling pressure, but characterized such effects as technical rather than fundamental. “We don’t think it creates instability,” she said. “We think there’s enough capacity in the market to absorb that.” This story was produced with the assistance of Bloomberg Automation.

President Donald Trump takes questions from reporters during a Cabinet meeting in the Cabinet Room of the White House on May 27, 2026 in Washington, DC. Win Mcnamee | Getty Images The Iranian regime has agreed not to have nuclear weapons, President Donald Trump told the New York Post's "Pod Force One" podcast — but he added that Tehran could still "change their mind." "I did have to say we have to do something about Iran, because regardless of how well we're doing [economically] we can't let them have a nuclear weapon," he said in the interview, which was published Wednesday. "They've already agreed they're not going to have a nuclear weapon." When asked to confirm that the Iranian regime had agreed to that term, Trump said: "Oh yeah, they've agreed to that." "I mean, now they can change their mind, but that was one of the things they've had to agree, they've agreed to that. That was the big thing," he said. CNBC has reached out to Iran's foreign ministry for comment. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The market is excited about Apple Intelligence.

Key PointsApple has been focusing its efforts on the iPhone, and sales are growing rapidly.

Macy's press release ( M ): Q1 Non-GAAP EPS of $0.13 beats by $0.10 . Revenue of $4.68B (+1.7% Y/Y) beats by $70M . Macy’s, Inc. comparable sales increased 3.0%, exceeding the company’s guidance and led by go-forward comparable sales, up 3.1%. Macy’s comparable sales rose 1.6%, inclusive of Reimagine 200 stores’ comparable sales, up 2.4%. Bloomingdale’s comparable sales grew 10.2%, marking seven consecutive quarters of gains. Bluemercury comparable sales increased 6.4%. FY26 revenue consensus of $21.59B, EPS consensus of $2.10 Guidance as of June 3, 2026 Guidance as of March 18, 2026 Net sales $21.5 billion to $21.75 billion $21.4 billion to $21.65 billion Comparable sales change 0.5% to 1.2% (0.5%) to 0.5% Adjusted EBITDA3 as a percent of total revenue 7.7% to 7.9% 7.7% to 7.9% Adjusted diluted EPS $2.00 to $2.20 $1.90 to $2.10 Click to enlarge Shares +3% PM. More on Macy's Wall Street Lunch: Macy's Jumps On Berkshire's First Department Store Bet Since 1966 Macy's: Berkshire's New Position's Premise Is Debatable Macy's: Berkshire's Thumbs-Up Comes Amid Record-Low Consumer Sentiment Macy's Q1 2027 Earnings Preview These 10 mid-cap U.S. consumer discretionary stocks rank among the market's cheapest valuations

In this article PGH.N-CH OWL Follow your favorite stocks CREATE FREE ACCOUNT Shares in KKR , Blackstone and other sector peers tumbled in premarket trading on Wednesday as fears over private market valuations returned to the spotlight after Switzerland's Partners Group moved to restrict investor withdrawals from one of its funds. Shares in KKR were sharply lower ahead of the opening bell, and were last seen 4.7% lower. Blackstone was down 3.9%, while Ares Management dropped almost 2.5%. Blue Owl Capital 's shares slipped 2.7%, as Carlyle Group edged lower to the tune of 3.1%. Shares in Partners Group — the Swiss asset management giant active in private equity, private credit, infrastructure and real estate markets — plunged 16.6%, reaching a 52-week low on Wednesday. Stock Chart Icon Stock chart icon Partners Group. The Zurich-listed firm has moved to curb investor redemptions in its Global Value ‌SICAV ⁠fund, an $8.6 billion so-called 'evergreen' private equity vehicle, at 5% of net asset value, after redemption requests hit 9.8%, according to a Bloomberg report. The fund represents about 4.8% of Partners Group's total asset base. David Layton, Partners Group CEO, told Bloomberg that the redemption pressure seen in private credit is now spreading into other asset classes. The cap chimes with similar measures taken by several U.S. private equity outfits in recent months, where firms have halted or restricted investors from pulling out their money, amid a growing rush for the exits. Retail investors have sought to redeem their money amid growing concerns over liquidity mismatches and deteriorating asset quality in private fund structures. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.