Nanci Santos/iStock via Getty Images By Peter C. Earle Home prices and financing costs are still high, but several indicators suggest the market has moved past peak distortion. Whether US home prices are “the most expensive ever” depends critically on how the current moment is interpreted - a point underscored by the conflicting signals emerging from recent housing data. In March, the median price...
Nanci Santos/iStock via Getty Images By Peter C. Earle Home prices and financing costs are still high, but several indicators suggest the market has moved past peak distortion. Whether US home prices are “the most expensive ever” depends critically on how the current moment is interpreted - a point underscored by the conflicting signals emerging from recent housing data. In March, the median price of an existing home rose for the thirty-third consecutive month to a record level for that month, even as transaction volumes weakened and the spring buying season began on a notably soft footing. At the same time, economists at the National Association of Realtors report that home prices are at their highest levels on record even as sales have stalled , reflecting a market constrained by limited inventory, elevated mortgage rates, and weakening buyer confidence. Compounding this tension, affordability metrics have deteriorated to the point that buying is now more expensive than renting in most US markets, highlighting the extent to which financing costs and price levels have jointly eroded access to homeownership. Consider first nominal price levels. By this standard, US housing remains essentially at record highs. The S&P CoreLogic Case-Shiller Home Price Index reached an all-time peak in 2025 and has remained close to that level into early 2026. Median home prices likewise continue to register elevated readings relative to historical norms, even as transaction volumes have softened. The persistence of high prices alongside declining or stagnant sales reinforces the extent to which supply constraints - rather than robust demand - are sustaining current valuations. On a nominal basis, therefore, housing remains nearly as expensive as it has ever been. Source: Bloomberg Finance, LP A second, more informative metric is the ratio of home prices to household income. On this measure, housing also appears historically stretched. The price-to-income ratio is currently in the ran...
Earnings Call Insights: Enovix (ENVX) Q1 2026 Management View "This quarter marked another meaningful step in Enovix's transition towards commercialization and scale" (President, CEO & Director Raj Talluri) as the company highlighted "commercial production of our A1 battery" for smart eyewear and said "initial shipments are underway with production expected to ramp through the second half of the y...
Earnings Call Insights: Enovix (ENVX) Q1 2026 Management View "This quarter marked another meaningful step in Enovix's transition towards commercialization and scale" (President, CEO & Director Raj Talluri) as the company highlighted "commercial production of our A1 battery" for smart eyewear and said "initial shipments are underway with production expected to ramp through the second half of the year" (President, CEO & Director Talluri). "On smartphones, we aligned with Honor on an updated qualification framework designed specifically for silicon-anode batteries" (President, CEO & Director Talluri), adding that a second smartphone OEM "will need to adapt a similar testing framework" and that the "0.7C test" was removed as a gating requirement in favor of updated protocols (President, CEO & Director Talluri). "Our global pipeline for products manufactured in Korea now exceeds $130 million" (President, CEO & Director Talluri) and management said the majority is "driven by rapidly expanding drone applications" (President, CEO & Director Talluri). "We recently appointed Steve Bakos as Senior Vice President of Worldwide Sales" (President, CEO & Director Talluri), saying he brings "more than 35 years of global semiconductor sales leadership" and experience with "large global accounts, including Apple" (President, CEO & Director Talluri). "Our first quarter results reflect disciplined financial execution alongside continued commercialization investment" (Chief Financial Officer Ryan Benton). Outlook "Revenue is expected in the range of $8 million to $9 million" for Q2 2026, which management said reflects "continued growth in defense and industrial shipments and initial smart eyewear revenue as deliveries to our lead customer begin" (Chief Financial Officer Benton). "Non-GAAP loss from operations is expected between $29 million and $32 million" and "Non-GAAP net loss per share between $0.13 and $0.17" for Q2 2026 (Chief Financial Officer Benton). "Capital expenditure paymen...
Galiano Gold press release ( GAU ): Q1 Non-GAAP EPS of $0.11 misses by $0.01 . Revenue of $166.5M (+117.4% Y/Y) beats by $29M . Cash and cash equivalents of $114.9 million as of March 31, 2026 and no debt. Generated cash flow from operating activities of $46.7 million during Q1 2026, an 80% increase from Q1 2025. Adjusted EBITDA of $93.4 million during Q1 2026, an increase of 364% from Q1 2025. Mi...
Galiano Gold press release ( GAU ): Q1 Non-GAAP EPS of $0.11 misses by $0.01 . Revenue of $166.5M (+117.4% Y/Y) beats by $29M . Cash and cash equivalents of $114.9 million as of March 31, 2026 and no debt. Generated cash flow from operating activities of $46.7 million during Q1 2026, an 80% increase from Q1 2025. Adjusted EBITDA of $93.4 million during Q1 2026, an increase of 364% from Q1 2025. Mined 1.5 million tonnes ("Mt") of ore at an average mined grade of 0.9 grams per tonne ("g/t") gold with a strip ratio of 6.0:1. Approximately 70% of mined ore was from the Abore deposit. 1.3 Mt of ore was milled at an average feed grade of 0.9 g/t, with metallurgical recovery averaging 90%. Mill availability during Q1 2026 was 89% due to a planned 5-day maintenance shutdown. Produced 34,747 ounces of gold, a 68% increase compared to Q1 2025, and in line with the Company's first half indicative production range. Sold 34,181 ounces of gold at a record quarterly average price of $4,857 per ounce ("/oz"), excluding the effect of realized losses on gold hedging instruments. All-in sustaining costs ("AISC") of $2,361/oz, a 6% decrease compared to Q1 2025 despite higher royalties expense. FY 2026 AISC 1 guidance has been revised to between $2,300/oz and $2,600/oz (previously $2,000/oz and $2,300/oz), resulting from the amendment to Ghana's royalty framework. More on Galiano Gold Inc. Galiano Gold: From Weak Quarter To Early Recovery Signals Galiano Gold Inc. 2025 Q4 - Results - Earnings Call Presentation Galiano Gold Inc. (GAU:CA) Q4 2025 Earnings Call Transcript Galiano Gold Q1 2026 Earnings Preview Historical earnings data for Galiano Gold Inc.
(RTTNews) - Air New Zealand (AIZ.AX) issued an update on fiscal 2026 outlook, reflecting the significant impact of elevated and volatile global jet fuel prices. Air New Zealand now expects its second half fuel cost to be approximately NZ$980 million, compared with approximately N
(RTTNews) - Air New Zealand (AIZ.AX) issued an update on fiscal 2026 outlook, reflecting the significant impact of elevated and volatile global jet fuel prices. Air New Zealand now expects its second half fuel cost to be approximately NZ$980 million, compared with approximately N
AI chipmaker Cerebras Systems ( CBRS ) raised $5.55B in its U.S. initial public offering, capitalizing on booming investor demand for artificial intelligence semiconductors. The company priced its shares at $185 each, above the marketed range, according to a statement . Cerebras had offered 30M shares in the IPO for $150 to $160 each, after revising the range and number of shares higher on Monday....
AI chipmaker Cerebras Systems ( CBRS ) raised $5.55B in its U.S. initial public offering, capitalizing on booming investor demand for artificial intelligence semiconductors. The company priced its shares at $185 each, above the marketed range, according to a statement . Cerebras had offered 30M shares in the IPO for $150 to $160 each, after revising the range and number of shares higher on Monday. The shares are expected to begin trading on Nasdaq on May 14, 2026, under the ticker symbol “CBRS.” The offering is expected to close on May 15, 2026. Earlier Wednesday, Bloomberg reported that Arm Holdings ( ARM ) and its majority owner Softbank Group ( SFTBY ), made an offer to purchase AI computing firm Cerebras Systems ( CBRS ) weeks before its planned initial public offering. More on Cerebras Systems Inc. Wall Street Brunch: IPOs Headline The Week's Show Wall Street Lunch: AI Chipmaker Seeks $3.5B In IPO, Eyes $26.5B Valuation Cerebras: Trying To Disrupt Nvidia's Inference Monopoly AI chipmaker Cerebras set to price IPO at $185/share: report Arm, Softbank made last-ditch effort to buy Cerebras before IPO - report