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Iran Tensions

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Mortgage rates jump to 6.49% as Iran tensions cloud housing outlook
business21 hours ago

Mortgage rates jump to 6.49% as Iran tensions cloud housing outlook

Freddie Mac reports the 30-year fixed mortgage rate rose to 6.49% this week, reversing a prior dip and keeping affordability under pressure for buyers. The uptick comes amid renewed tensions with Iran that could keep borrowing costs elevated, with analysts warning that relief may be slow. Realtor.com economist Joel Berner notes mortgage costs remain a key drag on the 2026 housing recovery, while Zillow projects rates easing only modestly later this year. Meanwhile, existing-home sales fell 2.4% in June, signaling ongoing weakness in demand as financing costs bite.

Oil spikes and Iran tensions pull U.S. stocks lower as markets brace for Fed path
markets2 days ago

Oil spikes and Iran tensions pull U.S. stocks lower as markets brace for Fed path

Futures sit near flat as oil climbs on renewed U.S.-Iran tensions; in regular trading the Dow fell about 576.8 points (1.1%), the S&P 500 slid 0.28%, while the Nasdaq rose ~0.2% on Nvidia. Investors weigh higher energy costs and inflation risk against earnings momentum and AI gains, with Fed minutes signaling uncertainty on rate cuts. Traders await weekly jobless claims and existing-home sales data, and Asia-Pacific markets opened mixed (Kospi rallying after bear-market dip). After-hours movers included Levi Strauss (-5.5%) and AZZ rising on earnings.

markets1 month ago

Tech rout and Iran tensions weigh on US futures ahead of CPI data

U.S. stock futures fell in premarket trading as investors await the May CPI data, with tech shares sinking on AI-exuberance worries and rising Iran-Israel tensions; Dow futures tumbled about 411 points (-0.8%), S&P 500 futures roughly -1.0%, and Nasdaq-100 futures around -1.5% as semiconductor names leading declines. Oracle earnings after the bell could test AI enthusiasm. Economists expect CPI to show 4.2% year over year and 0.5% month over month, with core CPI at 2.9% (YoY) and 0.3% (MoM). Brent crude also rose on ongoing Middle East tensions.

markets1 month ago

Asia markets wobble as Iran tensions weigh; Nikkei, KOSPI retreat from records

Asia-Pacific stocks were mixed as investors weighed signals from the U.S.–Iran conflict; Japan’s Nikkei 225 and South Korea’s KOSPI slipped about 2% from record highs while Hong Kong steadied on tech names after Wall Street’s overnight records, helped earlier by Nvidia’s AI push. Momentum cooled as chipmakers led gains and subtle profit-taking set in; Korea’s May CPI also boosted expectations of higher rates from the Bank of Korea.

Asia-Pacific Stocks Rise on Iran Ceasefire Hopes as Snowflake Drives AI Rally
business1 month ago

Asia-Pacific Stocks Rise on Iran Ceasefire Hopes as Snowflake Drives AI Rally

Asia-Pacific stocks rose as investors balanced renewed Iran tensions against signs of a ceasefire, with Nikkei 225 up 0.88%, Kospi up 2.68%, Hang Seng up 0.68%, CSI 300 up 0.38%, and ASX 200 up 0.72%. In the U.S., major indices closed at records after Snowflake jumped 36.5% on strong AI guidance and a $6 billion AWS deal, while futures were broadly flat as talks on a temporary Iran ceasefire progressed.

Regional markets rise as Dow hits record; oil climbs amid Iran tensions
markets1 month ago

Regional markets rise as Dow hits record; oil climbs amid Iran tensions

Asia-Pacific equities gained as Wall Street closed at a record high and Brent crude climbed to about $105 amid U.S.–Iran tensions after Trump blocked the Strait of Hormuz. Japan’s Nikkei 225 surged 2.68% to 63,339.07 (Topix +1%), with core inflation cooling to 1.4% in April, easing BOJ rate-hike expectations. Korea’s Kospi +0.41% and Kosdaq up sharply, Hong Kong’s Hang Seng +1.03%, and China’s CSI 300 +1.26%; India’s Nifty 50 and Sensex also higher. U.S. 10-year yields eased to around 4.57% and the 30-year yield nudged lower. Moody’s warned that longer-term borrowing costs could rise due to defense spending and expansive AI/data-center investment, underscoring a still-challenging global financing backdrop.

Drone attack triggers fire at UAE’s Barakah plant amid rising regional tensions
world1 month ago

Drone attack triggers fire at UAE’s Barakah plant amid rising regional tensions

A drone strike hit the UAE’s Barakah nuclear plant, causing a perimeter fire but no injuries or radiological release. UAE officials called it an unprovoked terrorist attack, as tensions with Iran and allied groups rise. The IAEA reported the fire affected an electrical generator and one reactor ran on emergency diesel generators, while UAE nuclear regulators said safety remained intact and all units were operating normally. Barakah, online since 2020, provides about a quarter of the UAE’s electricity under a strict 123 agreement.

Drone strike sparks fire at UAE Barakah nuclear plant amid regional tensions
world1 month ago

Drone strike sparks fire at UAE Barakah nuclear plant amid regional tensions

A drone strike hit the perimeter of the UAE's Barakah nuclear power plant, causing a fire but with no injuries or radiological release. Three drones reportedly entered from the west; two were intercepted and the third struck an electrical generator outside the inner perimeter. Investigations are underway. The IAEA chief urged maximum restraint near nuclear sites, while UAE regulators said the fire did not affect safety and all units are operating normally as regional tensions with Iran persist.

markets2 months ago

Hot CPI Pushes U.S. Futures Lower as Iran Tensions Boost Oil

U.S. stock futures slipped after April's CPI came in hotter than expected (headline +0.6% MoM, +3.8% YoY; core +0.4% and +2.8%), while tensions with Iran kept energy markets on edge and lifted oil prices. At 08:38 ET, Dow futures fell marginally, S&P 500 futures were down about 0.3%, and Nasdaq-100 futures around 0.8% lower. Traders weighed mixed company news (GameStop slumping after eBay rejected its $56 billion bid; Aramark beating revenue estimates; Hims & Hers missing) against ongoing geopolitics and AI-driven market sentiment.

Ford wraps record-long deployment, heads home to Virginia
world2 months ago

Ford wraps record-long deployment, heads home to Virginia

The USS Gerald R. Ford, the world’s largest aircraft carrier, ends a record-setting deployment of over 300 days that included operations in the Middle East and a mission linked to the capture of Nicolás Maduro, and is set to return to Virginia in mid-May, with officials noting readiness and maintenance tradeoffs amid a prior onboard fire that required repairs.