Alex Wong/Getty Images News China agreed to purchase 200 Boeing ( BA ) aircraft, President Donald Trump said Thursday, signaling a potential thaw in a market that has largely shut out the U.S. planemaker for years. The announcement, made in a Fox News interview, lacked specifics on aircraft types or timing. Boeing ( BA ) shares fell 4.8% midday, suggesting investors were unconvinced the deal is fi...
Alex Wong/Getty Images News China agreed to purchase 200 Boeing ( BA ) aircraft, President Donald Trump said Thursday, signaling a potential thaw in a market that has largely shut out the U.S. planemaker for years. The announcement, made in a Fox News interview, lacked specifics on aircraft types or timing. Boeing ( BA ) shares fell 4.8% midday, suggesting investors were unconvinced the deal is firm. Big headline, missing fine print Trump said China agreed to buy 200 “big” jets, exceeding Boeing’s ( BA ) initial target of 150. But no airline confirmation has emerged, and Boeing did not immediately comment. Analysts noted that without firm airline orders, the deal would not count toward Boeing’s ( BA ) backlog. Past agreements with China have sometimes failed to materialize. Long-awaited return to China If completed, the order would mark Boeing’s ( BA ) first major sale into China in nearly a decade and could help revive its position in the world’s second-largest aviation market. Boeing has struggled to compete with Airbus ( EADSF ) ( EADSY ) in China, losing ground after trade tensions and the prolonged grounding of the 737 Max. Chinese carriers have ordered hundreds of Airbus jets in recent years, while Boeing ( BA ) bookings have been minimal. A renewed pipeline from China would support Boeing’s ongoing turnaround and give Chinese airlines access to scarce aircraft supply as global demand continues to exceed production capacity. For investors, the significance hinges on whether this becomes a binding order. A confirmed deal would boost Boeing’s backlog, improve cash flow visibility and signal easing U.S.-China trade friction, all positive for aerospace suppliers and global industrials. But the lack of detail and China’s history of unfulfilled commitments mean markets are likely to discount the headline until contracts are signed, keeping volatility in Boeing shares and the broader aerospace sector. More on Boeing, Airbus SE Airbus SE (EADSY) Q1 2026 Earnings Call ...
Earnings Call Insights: Invivyd (IVVD) Q1 2026 Management View "We triggered our DECLARATION study upsizing in early April, and the recruitment speed into this additional upsized cohort occurred well faster than our internal expectations" and "we actually slowed recruitment to stretch our upsized patient exposures into what we would expect to be a normal summer COVID wave" before saying, "We've re...
Earnings Call Insights: Invivyd (IVVD) Q1 2026 Management View "We triggered our DECLARATION study upsizing in early April, and the recruitment speed into this additional upsized cohort occurred well faster than our internal expectations" and "we actually slowed recruitment to stretch our upsized patient exposures into what we would expect to be a normal summer COVID wave" before saying, "We've resumed full speed recruitment and believe we will finish up imminently, keeping the program on time with our previous estimates" (Chairman Marc Elia). "We recently published a manuscript, a preprint we call safety first" and "we're happy to announce that as we expected, we formally confirmed virus neutralization of our medicines against Omicron BA.3.2" (Chairman Elia). "We're pleased that the Independent Data Monitoring Committee, or IDMC, recently recommended that post-dose subject monitoring be reduced from 2 hours to 30 minutes after review of unblinded 2311 safety data" (Chief Medical Officer Michael Mina). "We aim to have the LIBERTY study open and recruiting shortly to assess the safety and immunology of COVID-19 vaccine combined with monoclonal antibody and to assess in a direct prospective fashion, the safety and tolerability of monoclonal antibody approaches to immunization against COVID-19 mRNA vaccination" (Chief Medical Officer Mina). "We were pleased that PEMGARDA once again grew year-over-year, now at 22% over 1Q in 2025" and "we are preparing for and looking forward to transitioning forward into an entirely new kind of COVID antibody" that "can be game changing in the form of VYD2311, if approved" (Chief Commercial Officer Timothy Lee). "Our cash position remains very strong, especially considering the additional cash raised in April from long-term investors who wish to increase their position through our at-the-market offering facility" and the company expects "as the pivotal trial for VYD2311 winds up over the coming quarters, a return to more normalized R&D...
Earnings Call Insights: Terrestrial Energy (IMSR) Q1 2026 Management View "When we last spoke in March, we outlined a 3-pillar framework for assessing our progress and our commitment to disciplined execution against clear milestones. Today, I will report on first quarter progress against that framework" (CEO & Director Simon Irish). "The IMSR plant uses standard nuclear fuel, uranium at standard e...
Earnings Call Insights: Terrestrial Energy (IMSR) Q1 2026 Management View "When we last spoke in March, we outlined a 3-pillar framework for assessing our progress and our commitment to disciplined execution against clear milestones. Today, I will report on first quarter progress against that framework" (CEO & Director Simon Irish). "The IMSR plant uses standard nuclear fuel, uranium at standard enrichment, i.e., less than 5% U-235" and "deliberately avoiding HALEU fuel use" (CEO & Director Irish). "Early in the quarter, we completed OTA contract with the DOE to advance Project TETRA" and "Project TEFLA" (CEO & Director Irish). "We completed final submissions to the NRC supporting our Postulated Initiating Events methodology or PIE, Topical Report, and the NRC has subsequently approved that Topical Report issuing its Safety Evaluation Report" (CEO & Director Irish). "Following quarter end, we executed an MOU with Riot Platforms" and "our commercial pipeline consists of approximately 10 IMSR Plant projects" with "7.8 gigawatts of indicative power capacity" (CEO & Director Irish). "At quarter end, we held total cash and cash investments of $289.9 million" and "cash burn for the quarter was $7.9 million" (Chief Financial Officer Brian Thrasher). Outlook "We expect cash burn to increase throughout 2026 as we scale our organization and resources, material testing and qualification, supplier selection activities and project-related work" (Chief Financial Officer Thrasher). "We reiterate the guidance we issued in March with 1 to 3 additional projects" (CEO & Director Irish). The current-quarter prepared remarks did not include revenue, EPS, or formal quantitative financial guidance ranges for future periods. Financial Results "At quarter end, we held total cash and cash investments of $289.9 million. This compares to $297.8 million at year-end 2025" (Chief Financial Officer Thrasher). "Cash burn for the quarter was $7.9 million" and management attributed the sequential cha...
Earnings Call Insights: Ideal Power (IPWR) Q1 2026 Management View “Our lead Asia customer project for low current solid-state circuit breakers, or SSCBs, continues to advance through product development and remains on track for prototype units for 800-volt AI data center and energy grid customer evaluations,” said CEO, President & Director David Somo, adding that “the prototype units are expected...
Earnings Call Insights: Ideal Power (IPWR) Q1 2026 Management View “Our lead Asia customer project for low current solid-state circuit breakers, or SSCBs, continues to advance through product development and remains on track for prototype units for 800-volt AI data center and energy grid customer evaluations,” said CEO, President & Director David Somo, adding that “the prototype units are expected to be available in the fourth quarter of 2026, with initial low-volume sales orders to support the prototype build.” “We signed a letter of intent with an industry partner to co-develop a B-TRAN-enabled intelligent SSCB prototype for evaluation by a U.S. hyperscaler in its development environment for the NVIDIA Rubin Ultra 800-volt DC AI data center power distribution system,” CEO, President & Director Somo said, with “prototype delivery is targeted for the end of Q4 2026.” “We delivered initial next-generation B-TRAN custom package samples and development kits for evaluation to Stellantis for EV applications,” CEO, President & Director Somo said, adding, “We are on track to complete the remaining deliverables under our existing purchase order with Stellantis by mid-2026.” “Our sales opportunity funnel increased to over $300 million revenue opportunity to date, up from approximately $200 million,” CEO, President & Director Somo said, while emphasizing that “converting it into design wins, production orders and revenue is the top priority.” “Our first quarter 2026 cash burn from operating and investing activities was $2.3 million,” said CFO, Secretary & Treasurer Timothy Burns, and “cash and cash equivalents totaled $16.4 million at March 31, 2026. We have no debt and a clean capital structure.” Outlook “We expect second quarter 2026 cash burn to be approximately $2.5 million to $2.7 million with a full year 2026 cash burn of approximately $10 million to $10.5 million,” CFO, Secretary & Treasurer Burns said, attributing the higher full-year outlook versus 2025 primarily to ...
The blue-chip Dow Jones Industrial Average ( DJI ) climbed back above the 50,000 level on Thursday, marking another milestone in the ongoing Wall Street rally as investors continued pushing U.S. equities toward fresh record territory. The index advanced roughly 450 points, or 0.9%, during the session and now sits within reach of its all-time trading high. Strength across industrial, financial, and...
The blue-chip Dow Jones Industrial Average ( DJI ) climbed back above the 50,000 level on Thursday, marking another milestone in the ongoing Wall Street rally as investors continued pushing U.S. equities toward fresh record territory. The index advanced roughly 450 points, or 0.9%, during the session and now sits within reach of its all-time trading high. Strength across industrial, financial, and technology shares helped fuel the latest move higher. The Dow has now gained approximately 4.2% for the 2026 trading year, reflecting continued investor optimism surrounding economic resilience, corporate earnings growth, and expectations for stable monetary policy. Listed below are the 10 best performing members of the Dow in 2026: Caterpillar Inc. ( CAT ), +60.2% YTD. Cisco Systems ( CSCO ), +51.4% YTD. NVIDIA Corp. ( NVDA ), +26.3% YTD. Chevron Corp. ( CVX ), +22.3% YTD. UnitedHealth Group ( UNH ), +21.3% YTD. Walmart Inc. ( WMT ), +18.6% YTD. Amazon.com Inc. ( AMZN ), +16.2% YTD. Verizon Communications ( VZ ), +15.8% YTD. Coca-Cola Co. ( KO ), +15.6% YTD. Honeywell International ( HON ), +14.2% YTD. Dow ETFs: ( DIA ), ( DDM ), ( UDOW ), ( DOG ), ( DXD ), and ( SDOW ). More on markets Top 20 stocks fueling the S&P 500 north of 7,500 S&P 500 and Nasdaq hit fresh records as history signals more highs could follow Fed’s favorite inflation gauge seen running at more than double target rate U.S. Misery Index climbs to 3-year high as inflation and unemployment rise SpaceX may become the largest company on the planet, says Ron Baron
Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $...
Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg. The news signaled that Cisco, a four-decade-old stalwart of Silicon Valley, is successfully pivoting to the AI economy. Orders from data center customers are accelerating, and the company’s restructuring plan is designed to further improve its position. Bloomberg's Ryan Vlastelica takes a closer look. (Source: Bloomberg)
Michael M. Santiago/Getty Images News BlackRock's ( BLK ) Global Infrastructure Partners, or GIP, will team up with L'IMAD, the Abu Dhabi National Oil Company (Adnoc), and Temasek to start an infrastructure investment partnership that will invest in opportunities across the Gulf Cooperation Council and central Asia, the companies said Thursday. They'll also consider select investments in the broad...
Michael M. Santiago/Getty Images News BlackRock's ( BLK ) Global Infrastructure Partners, or GIP, will team up with L'IMAD, the Abu Dhabi National Oil Company (Adnoc), and Temasek to start an infrastructure investment partnership that will invest in opportunities across the Gulf Cooperation Council and central Asia, the companies said Thursday. They'll also consider select investments in the broader Middle East and North Africa region. The proposed partnership will raise a combination of equity and debt capital to target an investment portfolio that aims to generate attractive risk-adjusted returns supported by healthy cash yield. The partners will seek to invest in a diversified pipeline of high-quality infrastructure opportunities across several key segments, including energy, transportation, logistics, digital, water, and waste management, reflecting strong structural demand across target markets, the companies said. "Today, more than ever, investing in and creating best-in-class infrastructure is a critical driver of economic growth and resilience," said Bayo Ogunlesi, chairman and CEO of BlackRock's ( BLK ) GIP. "We look forward to furthering our joint ambition to enhance innovation and economic growth." Jassem Bu Ataba Al Zaabi, managing director and group CEO of L’IMAD, commented, "Infrastructure forms one of the key pillars of our investment strategy, especially in markets where demand is underpinned by structural trends." L'IMAD is a sovereign investment platform of the government of Abu Dhabi that was formed to reinforce the emirate's economic foundations and generate sustainable value. More on BlackRock BlackRock: Time To 'Buy' This Eventual Dividend Aristocrat Now BlackRock: Not Adding Despite A Stellar Q1 2026 BlackRock, Inc. 2026 Q1 - Results - Earnings Call Presentation BlackRock transfers BTC, ETH worth $172M to Coinbase amid ETF redemptions Here's the full list of business executives invited to go with Trump to China
cokada/iStock via Getty Images Investment Thesis I reiterate my buy rating on the iShares MSCI Brazil Small-Cap ETF (NASDAQ: EWZS ). This is not my first article on Brazilian small caps, actually I wrote my first article in 2024 and some comprehensive articles after that. Brazilian small caps were forgotten some years ago, but now an interesting cyclical pattern can change this thesis. iShares MSC...
cokada/iStock via Getty Images Investment Thesis I reiterate my buy rating on the iShares MSCI Brazil Small-Cap ETF (NASDAQ: EWZS ). This is not my first article on Brazilian small caps, actually I wrote my first article in 2024 and some comprehensive articles after that. Brazilian small caps were forgotten some years ago, but now an interesting cyclical pattern can change this thesis. iShares MSCI Brazil Small-Cap ETF The EWZS is the most known Brazilian small cap ETF on the market. This ETF is managed by BlackRock, has an expense ratio of 0.59% and $326 million in AUM. EWZS replicates the MSCI Brazil Small Cap Index and the main holdings are below. Top 10 Holdings (SA) There are 76 holdings and an interesting diversification as the top 10 holdings account for 33%. Context Brazil was the worst ETF country two years ago. The scenario changed drastically as characteristics like geopolitical safety, food security and rare earths are valued in the current landscape. This made the EWZ (the most known Brazilian ETF in the world) rise 33% in one year. EWZS rose too but just 17%! EWZS vs EWZ (SA) This is an asymmetry, and I will explain why. Brazilian Small Caps x large caps It's not normal that large caps always outperform small caps. The Brazilian economy is sensitive to commodities, and commodity prices change a lot. This cyclicality is very interesting now for small caps, which is an initial attraction of this thesis. Small vs Large Caps (Azuria) Better macroeconomic scenario The Brazilian debt/GDP soared to 66% in the Lula administration and surpassed even that of the Bolsonaro administration (when we had the pandemic). Brazilian Debt/GDP (Bloomberg) This is terrible for the economy and explains why the Brazilian central bank holds such a high interest rate. Result? Brazilian companies have never been so leveraged and this contaminates the Brazilian small cap stocks too. Debt Among Brazilian Companies (Bloomberg, Serasa) The good news is that the Brazilian central ban...
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. Even small companies are buying into the state’s everything-is-bigger-here mindset. Texas Edition checked in recently o...
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. Even small companies are buying into the state’s everything-is-bigger-here mindset. Texas Edition checked in recently on Bloomberg’s reporting about Fermi, the San Antonio-based AI energy startup that skyrocketed in its first day of trading and then fell into a slump that has now reached more than 80%. Now comes the story of AST SpaceMobile, the satellite company with an online fan base led by “the Kook” (his words, not mine) and a stock that posted a trough-to-peak rally of 6,000%. Sana Pashankar and Bailey Lipschultz explored the so-called SpaceMob, the “zealots and space geeks” who helped propel AST to a $29 billion market value with just $71 million in annual revenue. AST is the second-largest publicly traded company with headquarters in Midland, after Diamondback Energy — and No. 38 overall in the state, ahead of names such as Southwest Airlines and Tenet Healthcare, according to data compiled by Bloomberg. “There’s tons of eccentric people in the mob,” Tanner Ottaway, a 34-year-old oil engineer who has sunk most of his life savings into AST, told Pashankar and Lipschultz. “You know, if you’re called a mob, that’s going to happen.” Wall Street enthusiasm around space is certainly widespread, as proved by the notion of a $2 trillion-plus valuation for the upcoming IPO for Elon Musk’s SpaceX. And AST is a real company with a full- and part-time workforce of about 1,100 at the end of 2025. It focuses on beaming signals from satellites straight to mobile phones, has deals with companies that include AT&T and Verizon, and counts Google parent Alphabet among its largest holders. Investors who bought at the all-time low of $2.01 in April 2024 are probably happy about the run-up that topped ou...
sergeyussr/iStock via Getty Images On April 30, Cerro Lindo crossed the threshold of 19.5M ounces under the silver streaming agreement signed in 2016, and the streamer’s participation fell from 65% to 25% of silver production, effective from this same May 1. That is, Nexa Resources ( NEXA ) received a payment in exchange for delivering silver at prices already far below market, and from the next f...
sergeyussr/iStock via Getty Images On April 30, Cerro Lindo crossed the threshold of 19.5M ounces under the silver streaming agreement signed in 2016, and the streamer’s participation fell from 65% to 25% of silver production, effective from this same May 1. That is, Nexa Resources ( NEXA ) received a payment in exchange for delivering silver at prices already far below market, and from the next few quarters, this difference is going to be noticeable in the company’s cash generation. More than the $100M estimated by the company’s CEO , for me the relevance lies in the fact that Nexa closed this past May 11 with a valuation of $3.35B in EV, trading at around 3.15x EV/EBITDA FWD against comparables that are practically twice as high, such as Boliden ( BDNNY ) at 6.22x , Teck ( TECK ) at 7.30x, and Glencore ( GLCNF ) at 6.38x . Something that I find surprising if we take into account that Nexa’s EBITDA margin of 25.1% is almost identical to Boliden’s, and with a mining margin of more than 50% in this first quarter. So I am going to try to estimate, before the next results are published, what structural changes are going to start appearing in the financial statements and have not yet occurred, and see whether there is really a margin of safety before it is discounted in the share price. NEXA Why Silver And Zinc Benefit Nexa As I have already commented in several of my previous articles, the silver market faces its sixth year with a structural deficit , with around 46.3M oz this year. And with global production of around 844M for this year , the accumulated deficit of 762M ounces already practically represents a full year of global mine production. And for Nexa, what is relevant is that 72% of the silver produced worldwide is obtained as a by-product from mines that exist to produce lead-zinc, copper, and gold. That is, the process is that a zinc mine is opened because zinc is going to justify the CapEx that will need to be deployed, and there, as a kind of “bonus,” is w...
Worawith Ounpeng LB Macro CEO Luigi Buttiglione is warning that recent inflation data point to a renewed pass-through from supply pressures into consumer prices, raising the prospect that central banks may be forced to resume tightening. “The pass-through from the supply-shock to inflation is happening, leaving central banks no other option but to hike,” Buttiglione wrote in a social media post. H...
Worawith Ounpeng LB Macro CEO Luigi Buttiglione is warning that recent inflation data point to a renewed pass-through from supply pressures into consumer prices, raising the prospect that central banks may be forced to resume tightening. “The pass-through from the supply-shock to inflation is happening, leaving central banks no other option but to hike,” Buttiglione wrote in a social media post. His argument centers on a familiar transmission mechanism: upstream price pressure first appearing in PMI prices and supplier delivery times before surfacing in hard inflation data. In the U.S., Buttiglione pointed to April PPI figures showing intermediate core goods prices rising 12.9% on a three-month annualized basis—the fastest pace since May 2022. Similar pressures are emerging internationally, he noted, citing German wholesale prices for core goods and a surge in the GSCI Agriculture & Livestock commodity index to its highest level since June 2022. Buttiglione’s warning suggests policymakers may be unwilling to repeat the “transitory” misstep of 2022. Luigi Buttiglione More on the U.S. Economy Treasury Premium Climbs Again, Fueled By Sticky Inflation Higher Inflation Is Becoming Baked Into Expectations Upside Chasing In Tech Stocks Surges To Covid Extremes Deregulation could ease inflation pressures, Fed’s Miran says - CNBC interview Fed seen cutting rates within three months, Piper Sandler's Kantrowitz says—CNBC interview
The Labour party is often accused of being out of touch with Britain but in some ways it mirrors the country at large. Its internal politics are dramatic and frenetic, for example — and prone to ruin the deadlines of newsletter writers. Just as we were about to press send on this missive, news broke that Labour MP Josh Simons will stand down, paving the way for Andy Burnham to run for parliament a...
The Labour party is often accused of being out of touch with Britain but in some ways it mirrors the country at large. Its internal politics are dramatic and frenetic, for example — and prone to ruin the deadlines of newsletter writers. Just as we were about to press send on this missive, news broke that Labour MP Josh Simons will stand down, paving the way for Andy Burnham to run for parliament and potentially throw his hat into a leadership race. The latest event in a predictably chaotic day. Read the full story here. There are similarities between Labour and the UK at large. In both cases, people want a variety of different traits from their leaders and that plurality, rather than being a good thing, threatens endless strife and stagnation. If Labour MPs and party members were capable of rallying behind one preferred prime minister, Keir Starmer would be out of a job quicker than you can say dad’s-a-toolmaker. Yet they can’t, and while there’s nothing unusual about that in politics — it’s arguably the meaning of politics — the situation is so nebulous that we’re effectively in the fourth month of a leadership challenge in which no one has actually challenged the leader. For safety, and given past form, I should say that no one has challenged the leader at the time of writing . Wes Streeting all-but-challenged the PM with his scathing resignation letter this afternoon, but stopped short. That was after Angela Rayner all-but-challenged the PM with her Hollywood-style return to the fray this morning, but stopped short. Ed Miliband is still pacing around Westminster with a furrowed brow. Al Carns will stand if there is a contest , his allies say. Burnham has made his move, but it’s not an official challenge because he isn’t an MP. This is all happening 100 days after Starmer’s future was imperiled by fresh Mandelson-Epstein revelations, and more than 100 days after his supporters blocked Andy Burnham from returning to parliament. Cargo ships in Hormuz have been known...
ymgerman Apple's ( AAPL ) Services business has been a financial powerhouse for the iPhone maker, generating more than $30B in revenue in its most recent quarter. Investment firm Evercore ISI thinks there is much more to come from the segment, which is comprised of the App Store, iCloud, Apple Music, and more. “We think investors underappreciate the mechanical lift to AAPL gross margins as Service...
ymgerman Apple's ( AAPL ) Services business has been a financial powerhouse for the iPhone maker, generating more than $30B in revenue in its most recent quarter. Investment firm Evercore ISI thinks there is much more to come from the segment, which is comprised of the App Store, iCloud, Apple Music, and more. “We think investors underappreciate the mechanical lift to AAPL gross margins as Services continues to mix higher,” analyst Amit Daryanani wrote in a note to clients. “Importantly, our margin thesis does not require a major step-up in segment-level Services [gross margin]. Even if Services gross margins remain stable, the mix shift alone should push company-level [gross margins] higher as long as the segment grows double-digits. Services has a structurally higher margin profile relative to Products, and the revenue base remains highly durable given recurring subscriptions, netted down revenue App Store economics, iCloud stickiness, AppleCare attach, Payments, Advertising, TV+, and Licensing. Similar to last year, we think Services can remain the primary engine of top-line growth, while its contribution to gross profit dollars continues to expand.” Daryanani reiterated his Outperform rating on Apple and raised his price target to $365 from $330. Daryanani said Services, which has grown by double-digit percentages annually for some time, is one of the most important keys for Apple to “sustain healthy double-digit EPS growth.” He believes the company could wind up earning between $12 and $13 per share in a couple of years, 50% higher than the $7.49 it earned in 2025 and nearly twice the $6.11 it earned in 2024. Other key drivers for Apple's earnings include “modest” operating leverage, a recovery in gross margins for its hardware products, and ongoing shareholder returns, including stock buybacks. “We see a path for AAPL to compound EPS/FCF at low/mid-teens pace even if iPhone units were to grow modestly given durable Services growth and ASP tailwinds from a shif...
J Studios/DigitalVision via Getty Images Mortgage rates ticked down, while purchase demand is softening, according to the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.36% as of May 14, slightly down from 6.37% last week and below 6.81% recorded in the same period a year ago. 15-year fixed-rate mortgages averaged 5.71%, slightly down from 5.72% last w...
J Studios/DigitalVision via Getty Images Mortgage rates ticked down, while purchase demand is softening, according to the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.36% as of May 14, slightly down from 6.37% last week and below 6.81% recorded in the same period a year ago. 15-year fixed-rate mortgages averaged 5.71%, slightly down from 5.72% last week and 5.92% in the year-ago week. "While purchase demand is softening, it remains above this time last year. Recent data also shows existing-home sales modestly edging up," said Freddie Mac's chief economist, Sam Khater. More on Mortgage Rates The REIT Bear Case Is Breaking Down U.S. New Home Market Cap Recovers From Blizzards Office CRE: A Fragile Equilibrium In A Weakening Market Top real estate stocks with A+ momentum grade Weekly ETFs: Seven of 11 sectors record outflows; technology sector leads inflows