DHI D.R. Horton warned today that affordability is crushing housing demand. America's largest homebuilder delivered the stark message as mortgage rates held elevated. The housing sector faced its toughest environment in two years.
Sempra absorbed a target cut to $104 from Morgan Stanley despite maintaining overweight. SRE reflects energy utility caution as rate pressures persist.
Private credit funds strained as borrowing costs edged higher per FT reporting. Bond investors and banks demanded greater premiums on new financing showing precaution before lending. Wall Street banks started trading credit default swaps against private credit funds run by Blackstone Apollo and Ares. The big short met private credit as banks hedged exposure.
Sotheby's struck a $100M debt deal with KKR backed by auction fees. The borrowing added another debt layer to the auction house owned by billionaire Patrick Drahi.
Bezos's Project Prometheus AI lab neared $38B valuation in funding talks. The company worked on AI models for industrial applications showing massive investor appetite for enterprise AI infrastructure.
Kalshi prepared to launch crypto trading with perpetual futures per The Information. COIN Coinbase HOOD Robinhood and IBKR Interactive Brokers faced fresh competition as prediction markets expanded into digital assets.
T AT&T and C Citigroup launched new savings perks for customers. The telecom giant partnered with the bank to offer enhanced benefits showing defensive positioning.
MSCI delayed deciding whether to downgrade Indonesia to frontier market status. The index provider booted Indonesian tycoon-owned stocks from indices creating uncertainty for southeast Asia's largest economy.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
