Four weeks ago today, on June 12, Elon Musk’s Space Exploration Technologies (SpaceX) (SPCX +2.60%) cemented its name in Wall Street’s record books. SpaceX raised $85.7 billion with its initial public offering (IPO), including the underwriters’ overallotment, nearly tripling Saudi Aramco’s IPO capital raise in December 2019. Although SpaceX combines two of the hottest addressable […]
Key Points Space Exploration Technologies (NASDAQ: SPCX) was a stock market winner right out of the gate. The industrial and tech giant, more commonly known as SpaceX, soared 19% on its first day of trading — and that was after the company completed the world’s biggest initial public offering. After the exercise of an overallotment […]
Finmo API, providing access to mortgage origination capabilities including application intake, document collection, and underwriting workflows The Bridge, enabling direct connectivity into Lendesk’s lender network for organizations that already have their own origination experience Lender Spotlight APIs, providing access to lender rates, policies, documents, contacts, and product information Together, these capabilities […]
The VA share of total applications increased to 13.0% from 12.9% the prior week, a modest but notable shift as borrowers sought any path to a more competitive rate. “Government purchase volume increased modestly, led by a 5% gain in VA purchase applications, while conventional purchase activity declined. Refinance application volume was down 4%, as homeowners […]
Existing Single-Family Homes Supply Jumps To 10-Year High, Sales Slip Deeper Into Deep Freeze; Mortgage Rates Rise To 6.49%
Key insight: The Federal Reserve is considering whether it should voluntarily adhere to the Security and Exchange Commission’s new rule on central clearing for Treasury security transactions. Expert quote: “The clearing mandate does not apply to the Federal Reserve’s transactions. However, I believe the [Federal Open Market Committee] could make its open market operations more […]
Utah’s Security Home Mortgage and its parent company, Capital Community Bank, announced a strategic rebranding of their businesses to unify the financial institution under a single identity. Processing Content Beginning Aug. 17, the businesses will be known as Accordia Mortgage and Accordia Bank. Corporate leaders said the decision was driven by the company’s growth and […]
Rethinking recruitment and retention when the talent pool shrinks Shawn Gibson, Chief Human Resources Officer at Infotech Research Group in London, Ont., says the population numbers from StatCan track with what he has already seen on the ground, particularly in a technology sector that has historically leaned on immigration to fill skills gaps. “I think it’s something to be concerned about, definitely in a pool where many […]
Cotton futures were down 4 to 24 points across the board at the Thursday close. Crude oil corrected back lower on Thursday despite back and forth strikes between the US and Iran overnight, down $1.71 at the close. The US dollar index was down $0.034. Export Sales data showed 66,422 RB of cotton sold for […]
Household growth fell to 1.1 million in 2025, down from 2 million in 2021, according to research from Harvard University’s Joint Center for Housing Studies. That’s a third straight year of decline, as more young adults are choosing to double up with roommates or remain in family homes rather than strike out on their own. […]