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A curated list of other prominent stories from this day.
Summary
Weekly housing indicators point to a modest cooling as mortgage rates stayed mostly above 6.64% last week. The Iran conflict escalation adds uncertainty that could keep rates elevated and weigh on demand.
Why it matters
A small rate jump can freeze sales volume quickly, shaping homebuilder activity, household mobility, and the broader consumer outlook.
Summary
Traders are ramping up bearish positions in SpaceX after the stock fell below its IPO price for the first time. The slide is being treated as an early test of investor confidence in the company’s growth and execution story as a newly public name.
Why it matters
A fast post-IPO break below the offer price can reset valuation expectations and tighten financing conditions for one of the market’s most watched growth listings.
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