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Redfin Corp. RDFN, +2.40% said late Tuesday it has agreed to buy mortgage lender Bay Equity Home Loans for $135 million in cash and stock. The San Francisco Bay Area lender is licensed in 42 states and employs about 1,200 people, Redfin said. “The acquisition accelerates Redfin’s strategy to become a one-stop shop for brokerage, […]

Oil prices raised their gains by about 2% in trading today, Tuesday, with US crude rising near $ 80, as investors regained some of their appetite for risk, in conjunction with the continued struggle by some oil producers to increase production. This comes at a time when the crude markets are awaiting clues from the […]

Fed Fuels Dollar RallyThe USDCHF breakout idea issued ahead of the FOMC meeting minutes is now close to reaching its initial target at .9288. With the minutes confirming that the Fed is well and truly in hawkish mode, the market is primed towards further USD upside, especially against currencies linked to central banks still stuck […]

Markets Under Pressure As Traders Await US CPIAnother dreary start to the week for benchmark global equities indices. The leading indices tracked here were all seen in the red yesterday as Fed tightening expectations continues to weigh on sentiment. While we did see a rebound off the lows yesterday, most notably in the S&P, the […]

Ether (ETH) has been an emotional rollercoaster over the past three months primarily because its price rallied twice. First, it peaked at $4,870 on Nov. 10 and at $4,780 on Dec. 1. However, the double top was quickly followed by a harsh rejection, which led to $490 million in long futures contract liquidations in 48 […]

Facebook parent Meta Platforms Inc. FB, +1.92% on Tuesday named DoorDash Inc. DASH, +7.64% Chief Executive Tony Xu to its board, effective immediately. “Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and small businesses,” Meta CEO Mark Zuckerberg said in a statement. […]