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Last updated: 2026-04-29 11:58:34 ET
Pulse AI Brief
Updated Apr 29, 2026 11:05 AM ET
Mortgage rates rose last week after several weeks of declines, dampening refinance activity but failing to derail homebuyer interest. Housing starts climbed 10.8% in March to 1.502 million, signaling resilience in residential construction despite rate headwinds.
Homebuilders and construction-related stocks benefit from rising starts, while mortgage servicers face lower refinance volumes. The divergence between declining refinance demand and stable purchase activity suggests consumers are prioritizing home acquisition over rate optimization.
Housing market resilience despite rate volatility indicates underlying demand strength, likely driven by demographic needs and limited inventory. Sustained construction activity supports labor markets and consumer spending, offsetting some inflation concerns from elevated energy prices.
The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.
Asian stocks are mostly higher despite a retreat on Wall Street, and oil prices slipped after the United Arab Emirates said it would leave OPEC in a b...
The war in Iran has drawn attention to arrests in the United Arab Emirates over online content, but the legal framework behind that enforcement has existed for years.
The UAE's decision, after nearly 60 years of membership, is seen as a potential death knell for the oil cartel.
US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil...
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.
Though the Middle Eastern nation did not give a reason for its exit, some of its oil infrastructure was recently damaged by drone strikes from fellow ...
The decision by the United Arab Emirates on Tuesday to quit the Organization of Petroleum Exporting Countries is a sign the cartel is losing its grip ...
The United Arab Emirates will leave Opec on 1 May, in a blow to the group of oil producersBP profits more than double as oil and gas prices soar in Ir...
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