
Mortgage rates hit highest level in over a year
The average rate on a 30-year fixed mortgage rose this week to 6.69%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.
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The average rate on a 30-year fixed mortgage rose this week to 6.69%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.

Sequoia Capital has backed many of the defining companies of the last half-century, from Apple and Google to Nvidia and SpaceX. Now, co-stewards Alfred Lin and Pat Grady join Bloomberg to discuss the firm's next chapter, why it made a franchise-defining investment in Anthropic, its renewed focus on semiconductors, and how Sequoia is adapting its investment philosophy for the AI era.

Coming revisions to a key price index are likely to nudge inflation readings lower.

Editas beats Q2 estimates as collaboration revenues surge, while EDIT-401 advanced toward clinical testing with encouraging preclinical data.

Chorus Aviation Inc. (CHR:CA) Q2 2026 Earnings Call Transcript

Western Digital and Sandisk weigh on chip stocks. SpaceX's first tranche of IPO lockup opens.

On August 4, famed investor Michael Burry wrote that a 1987-type fall is possible for U.S. markets. Despite high valuations, I see today's U.S. stock market setup as fundamentally different from the 1987 Black Monday crash environment.

illumin Holdings Inc. (ILLM:CA) Q2 2026 Earnings Call Transcript

Element Fleet Management Corp. (EFN:CA) Q2 2026 Earnings Call Transcript

New Mountain Finance trades at a 37% discount, near its five-year low, presenting a compelling value opportunity. NMFC's discount-adjusted ROE is more than 8%, outpacing both its own bonds and average BDC OTC bonds. The common stock's risk is justified by its superior return profile, despite recent dividend cuts and NAV decline.

Summit Hotel Properties, Inc. delivered Q2 FY26 results with revenue and profitability exceeding analyst expectations, but shares dipped post-earnings. INN has grown revenue and profitability despite a slight reduction in properties and guest rooms, aided by higher RevPAR and cost improvements. The stock has surged 35.9% since last October, now appearing expensive on an EV/EBITDA basis versus peers and carrying significant leverage.

The superapp has reported accelerating GMVs, expanding fintech adoption, and GrabMart's high-growth cadence, with it supporting GRAB's raised FY2026 guidance. The ongoing consolidation at $3s has triggered the cheap valuations, with a breakout likely to occur sooner than expected, as they execute against the FY2028 adj EBITDA target. Regulatory review of GRAB's foodpanda acquisition in Taiwan and UBER's potential re-entry into the Southeast Asia region pose downward pressure on the former's near-term recovery prospects.

Traders on prediction market platform Kalshi now see about a 66% chance that the S&P 500 hits 8,000 in 2026. Those high odds come after the broad index surged more than 5% over just four sessions as the AI trade reignited after a slump in late June and July.

Mike Townsend (@CharlesSchwab) provides his D.C. insights on Fed Chair Kevin Warsh's relationship with President Trump and what it means for the current rate cycle.

Software stocks feel the pain after a slew of earnings. Some were good and some were bad but it doesn't matter to investors.