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Homebuilder stocks had one of their best days in months on Tuesday. By Wednesday morning, the mortgage data served a cold shower. The Mortgage Bankers Association (MBA) reported that the average 30-year fixed mortgage rate had risen to 7.12% in the week ending Sept. 18. The iShares U.S. Home Construction ETF (NYSE: ITB
Keeping American diesel at home sounds like the fastest way to make it cheaper, but the opposite could happen. President Donald Trump said on Tuesday that he backs a diesel export ban. That day, the national average diesel price hit a fresh record at $6.53 a gallon, according to AAA. “I’ve said let’s not send out the d
The Nasdaq 100 carved out a fresh intraday record by midday Tuesday as the artificial intelligence trade powered ahead. Speaking at the United Nations General Assembly on Tuesday, President Donald Trump said he faces a “big decision” on whether to negotiate with Tehran or “annihilate the Islamic Republic,” adding, “I b
A stock is about to report a 10-fold jump in its earnings per share. The same stock is the cheapest among large U.S. technology companies. Both things are true for Micron Technology Inc. (NASDAQ: MU ) heading into its fiscal fourth-quarter earnings. Micron reports results next Wednesday, Sept. 30, after the market clos