Crypto markets face risk-off spillover from oil and Hormuz tensions
Crypto markets fell into a risk-off trade as oil swings, stretched asset prices and worries over credit pressure weighed on risk assets.
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Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Lower mortgage rates lift purchase applications
Mortgage rates fell for a third straight week to 6.35%, and purchase applications jumped 10% as lower borrowing costs drew buyers back.
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Michigan survey shows record-low U.S. sentiment after gas shock
U.S. consumer sentiment fell to a record low in April as gasoline prices surged after the Iran war, with the University of Michigan index at 49.8.
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Nvidia: record close lifts market value above $5 trillion
Nvidia closed at a record, lifting its market value above $5 trillion as investors moved back into semiconductors after Intel's strong quarter.
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Gas shock drives U.S. consumer sentiment to record low
U.S. consumer sentiment hit a record low in April as Iran-driven gas prices pushed the University of Michigan index to 49.8.
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National mortgage rates: average falls, Duluth steady
Mortgage rates kept falling nationally, with the average 30-year fixed at 6.23%, but Duluth rates stayed steady as limited housing options kept local conditions unchanged.
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US consumer sentiment hits record low as Iran war lifts inflation expectations
US consumer sentiment fell to a record low in April as war in Iran and higher gas prices pushed year-ahead inflation expectations to 4.7%.
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Nvidia tops $5 trillion in AI chip rally
Nvidia topped $5 trillion in market value after a record close, as investors piled back into AI chips and Intel's strong results lifted semiconductors.
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U.S. consumer sentiment hits record low in April
U.S. consumer sentiment fell to a record low in April as inflation worries tied to the Iran war and higher fuel costs weighed on households.
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Mortgage rates sink nationally to 6.23%; Duluth rates unchanged
Mortgage rates kept sliding nationally, but Duluth lenders said local pricing stayed flat as tight housing supply limited relief for buyers.
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Venezuela recovery: official optimism meets weak purchasing power
Venezuelans still buy little on credit as officials tout growth and oil output, while shuttered stores and protests show the recovery remains narrow.
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Nvidia record lifts market value past $5 trillion
Sarah Breeden said there is “a lot of risk out there and yet asset prices are at all-time highs,” warning that markets could adjust later.
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