Morgan Stanley downgrades Flagstar Bank stock rating on earnings outlook

Former Rocket Cos. CEO Jay Farner is now the second longtime senior executive of the mortgage giant to own a professional sports team.  Processing Content Farner’s single-family office and investment firm Ronin Capital Partners, which he founded after retiring from Rocket, announced it reached an agreement to buy a stake in Detroit City Football Club….

Iran, Oman Near Agreement on Strait of Hormuz, But Oil Shipping Still Stalled Developments in the Strait of Hormuz Negotiations Current Situation and Recent Attacks CAIRO/WASHINGTON/RIYADH, Aug 8 (Reuters) – Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free…

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U.S. stock investors have reason to pay attention to the currency market for signs of how money may be flowing in and out of chip stocks.

Bonds lost ground overnight with traders reacting to Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz. This isn’t the first time that bonds have reacted to war headlines regardless of movement in oil prices. While oil also moved higher throughout the overnight session, bonds are increasingly detached in the bigger picture with…