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Mortgage rates climbed to a 15-month high this week, moving in tandem with surging Treasury yields driven upward by spiking inflation expectations. The average rate on 30-year fixed home loans jumped to 6.76% for the week ending Sept. 10, up 5 basis points from 6.71% the previous week and the highest since late June 2025,…
Targa Resources owns and operates natural gas pipelines, gas plants, liquefied petroleum gas (LPG) export facilities and crude oil terminals across the US. In mid-August, its shares rose 10% after it announced a 20-year midstream deal with ExxonMobil to build and operate a portfolio of energy infrastructure assets for the oil and gas giant. Targa’s…
Mayor Zohran Mamdani’s pick to run a key land use board addressed lawmakers’ concerns head-on at his confirmation hearing on Tuesday. John Mangin, who currently serves as director of the Department of City Planning’s housing division, used the appearance to make up ground with the City Council after several members publicly pushed back on his…
On Friday, I called Meta Platforms’ (META +11.43%) new AI personal agent, Muse, a game changer for the company. I didn’t expect that would happen as soon as the next trading day. Meta stock soared 11.4% on Monday after a Wells Fargo analyst raised his price target on the stock from $640 to $796, noting…
Key insight: The SEC is pursuing as securities fraud the same Tricolor conduct that federal prosecutors charged as a fraud against the company’s bank lenders. What’s at stake: Investors in Tricolor’s bonds were still owed about $945 million when the company filed for bankruptcy, and the SEC wants the three executives to give up what…
New build-to-rent housing starts in the UK regions outside London have fallen by 84% in the year to June 2026, according to data from Savills prepared for investment platform Real Estate:UK. Nationally, the number of new build-to-rent homes decreased by 79% over the same period, representing one of the sharpest declines in the sector’s recent…