New Fed chair could be bad news for mortgage rates

Mat Ishbia, UWM’s president and CEO, had made clear in May that he viewed the outcome as a win for UWM either way. Speaking to Mortgage Professional America at UWM Live in Pontiac, Michigan on May 14, he said what UWM found during due diligence changed the whole picture. “I originally did a deal, thought…

Membership has its privileges. Space Exploration Technologies (SPCX +2.69%) investors are hoping that’s the case regarding the stock’s July 7 inclusion in the Nasdaq-100 Index. A quick refresher: Before what was the largest initial public offering (IPO) in history, Nasdaq and several other index providers embraced “fast track” rules, paving the way for SpaceX to…

“Look, technology has made rapid strides, and football is becoming more and more tactical. It’s not easy these days to score at will.”Diego Forlán. Trading is complex and moves fast under market conditions that can change from one moment to the next. Few situations come close to the level of pressure that traders face on…

Baltimore-based Constellation Energy, a $90 billion company, generates electricity on a vast scale. And AI’s voracious appetite means that electricity is now becoming a very valuable commodity, and the companies that can generate it reliably, cleanly and at scale will see a lot more attention than they’re currently getting. Investors have re-priced entire industries, assuming…