U.S. mortgage interest rates rise to highest level since 2006
- MBA Mortgage Applications: -2% (Previous -14.2%)
- MBA 30-Yr Mortgage Rate: 6.81% (Previous 6.75%)
U.S. mortgage interest rates rise to highest level since 2006
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Japan: Tokyo area April CPI headline 1.5% y/y (expected 1.7%, prior 1.4%)
GOOGL's Cloud surges 18%, nearing Nvidia's market cap. AI demand fuels growth, boosting investor returns.
Deutsche Bank projects gold could reach $8,000/oz within five years if central bank gold reserves rise to 40% of holdings from 30% now. EM central banks hold only 16% in gold currently. Metal down 12% over two months but up 7% YTD.
FTGC surges 43.6% with a 14.8% yield; Guided Capital adds $3.07M stake, raising commodity bets.
Ackman's $5B IPO debuts weak; retail traders blamed. High market valuations may pose risks.
AUR jumps 15% on Hirschbach deal, eyeing hundreds of millions in revenue. Execution is key.
Dow & S&P 500 hit records on strong earnings. Apple dips on iPhone miss, but sentiment stays high.
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