Mortgage Affordability

Business

Cavco Navigates Seasonal Slump and Acquisition Costs in Q3, Sees Spring Promise

Cavco Industries' fiscal Q3 2026 results reflect the initial impact of its American Homestar acquisition amid broader industry headwinds. While revenue grew, margins contracted due to integration costs and a seasonal demand slowdown. Management points to stable backlogs and strategic positioning for the upcoming spring selling season.

Jan 30, 2026

Business

Powell's Legacy: A 'Wash' Amid Economic Resilience, Says SoFi CEO as Fed Transition Looms

SoFi CEO Anthony Noto calls the Powell Fed era a mixed bag, praising the ultimate economic stability despite policy stumbles. As the baton passes to a new Treasury Secretary, investors weigh SoFi's record growth against a cautious 2026 outlook.

Jan 30, 2026

Business

NAB's Soaring Share Price: Is Australia's Banking Giant Still a Buy?

With National Australia Bank shares surging nearly 120% over five years, investors are questioning whether the current price around A$43.37 still offers value. Our analysis reveals a mixed picture: while some metrics suggest the stock is fairly valued, others point to potential upside.

Jan 30, 2026

Business

Pfizer's $23 Billion Oncology Bet: CEO Albert Bourla's Post-Pandemic Quest to 'Save the World from Cancer'

After the COVID-19 windfall subsided, Pfizer CEO Albert Bourla is steering the pharmaceutical giant into a high-stakes, $23 billion pivot to cancer research. Facing a looming patent cliff and plummeting vaccine revenue, Bourla is betting on scientific innovation to secure the company's future—and redefine cancer treatment.

Jan 30, 2026

Business

Eli Lilly Bets Big on Pennsylvania with $3.5 Billion Plant for Next-Gen Weight-Loss Drugs

Pharmaceutical giant Eli Lilly announces a massive $3.5 billion investment in a new Pennsylvania manufacturing facility, aiming to scale up production of its blockbuster weight-loss therapies like retatrutide amid soaring global demand.

Jan 30, 2026

Business

Cullen/Frost Bankers Surpasses Q4 Expectations, Expands Buyback Amid Strong Texas Growth

Cullen/Frost Bankers (NYSE: CFR) reported robust fourth-quarter results, beating analyst estimates on earnings and revenue. The Texas-based regional bank also announced a new $300 million share repurchase program and raised its guidance, fueling a debate on whether its current valuation fully reflects its growth trajectory.

Jan 30, 2026

Business

Amazon Axes Over 500 Jobs in Sacramento as It Shutters Fresh and Go Stores Nationwide

Amazon is closing its cashier-less Fresh and Go grocery stores across the U.S., resulting in more than 500 layoffs in the Sacramento region alone. The tech giant says it will now concentrate its grocery efforts on expanding its Whole Foods Market chain.

Jan 30, 2026

Business

Miami Dethrones New York as Million-Dollar Home Capital, Signaling a Lasting Southern Shift

For the first time in nearly a decade, Miami boasts more homes listed above $1 million than New York, underscoring a profound and sustained reorientation of luxury real estate demand toward Sun Belt markets.

Jan 30, 2026

Business

Arizona Price Report Sparks Debate: Economist Says Democratic Analysis Lacks Inflation Context

A recent report by Congressional Democrats highlights rising costs for Arizonans, but a local economist argues the figures lack crucial context on 'normal' inflation, igniting a political firestorm over economic messaging.

Jan 30, 2026

Business

Cavco Navigates Regional Market Divergence, Posts Strong Q2 2026 Results Fueled by Northern U.S. Strength

Cavco Industries reports robust fiscal Q2 2026 earnings, with revenue up 9.7% year-over-year, driven by double-digit shipment growth in Northern U.S. markets. The company successfully managed a slowdown in the Southeast through operational adjustments and highlighted a significant turnaround in its financial services segment.

Jan 30, 2026

Business

Cavco Industries Navigates Hurricane Disruptions as Housing Demand Rebounds, Posts Solid Q2 Growth

Despite significant operational downtime from recent hurricanes, Cavco Industries reports a 12.3% year-over-year revenue increase to $507.5 million for Q2 FY2025, driven by a 15.7% jump in homes shipped. The company remains optimistic on market recovery and announces an additional $100 million share repurchase authorization.

Jan 30, 2026

Business

Trump Taps Former Fed Governor Kevin Warsh for Top Central Bank Job

President Trump nominates Kevin Warsh, a former Fed governor with Wall Street ties, to succeed Jerome Powell as Federal Reserve Chair. His confirmation faces scrutiny amid questions over monetary policy direction and the central bank's political independence.

Jan 30, 2026

Business

Wholesale Price Surge Signals Persistent Inflation Pressure, Squeezing Businesses and Consumers Alike

An unexpected jump in the Producer Price Index for December underscores the stubborn nature of inflation, with rising wholesale costs threatening to ripple through the economy and sustain higher prices for households.

Jan 30, 2026

Business

Eli Lilly Commits $3.5 Billion to Pennsylvania, Creating 850 Jobs in Major Life Sciences Push

Pharmaceutical leader Eli Lilly will build a new manufacturing facility in Lehigh County, marking the largest life sciences investment in Pennsylvania history and bolstering U.S. production of next-generation weight-loss drugs.

Jan 30, 2026

Business

The Debt Trap: How Millions of Americans Fall into Negative Net Worth and Strategies to Stay Afloat

While retirement planning often focuses on savings, a critical financial metric—net worth—reveals a more precarious reality for many households. We examine the causes and consequences of negative net worth, offering actionable steps to build a stronger financial foundation.

Jan 30, 2026

Business

Electricity Bills Set to Keep Climbing Through 2026, Experts Warn Relief Is Not on the Horizon

With rising demand, grid investments, and volatile fuel costs, electricity prices are outpacing wage growth, squeezing not just low-income but now middle-class households. Policy interventions face long lead times, leaving little hope for near-term bill relief.

Jan 30, 2026

Business

High-Stakes Housing: A Doctor and Lawyer Clash Over a $1.8 Million 'Forever Home'

A couple earning $380,000 annually faces a classic high-cost dilemma: Should they stretch for a $1.8 million dream home now or wait? With a hefty down payment saved but significant student debt, their debate highlights the tension between future earnings potential and present financial anxiety in today's premium housing markets.

Jan 30, 2026

Business

Producer Prices Surge, Undermining Trump's 'Solved' Inflation Claim

A sharp, unexpected jump in wholesale prices complicates the White House's economic narrative and its pressure campaign on the Federal Reserve for rate cuts.

Jan 30, 2026

Business

Long Island Financial Advisor Sentenced to Six Years in Prison for Swindling California Couple Out of Over $1 Million

A former investment advisor with ties to major Wall Street firms has been sentenced to six years behind bars for orchestrating a million-dollar fraud scheme, using client funds to finance a luxury lifestyle that included high-end cars and country club memberships.

Jan 30, 2026

Business

NYISO Report Warns: Surging Natural Gas Prices to Drive Up State Electricity Bills for Years to Come

A new analysis from the New York Independent System Operator (NYISO) links volatile natural gas markets directly to rising consumer electricity costs. With gas fueling half of New York's power generation, increased demand and export levels are set to keep pressure on household budgets.

Jan 30, 2026