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Last updated: 2026-04-29 14:57:03 ET
Pulse AI Brief
Updated Apr 29, 2026 1:10 PM ET
Mortgage rates climbed last week after several weeks of declines, dampening refinance demand but failing to deter homebuyers from re-entering the market. The divergence suggests buyers are accepting higher rates as the new normal and proceeding with purchases.
Housing stocks and mortgage lenders could see improved purchase volume offsetting refinance weakness. Homebuilders and real-estate services firms may benefit from renewed buyer activity, though higher rates will continue to pressure affordability and transaction sizes.
Buyer resilience at higher rates suggests the housing market is stabilizing despite Fed tightening, reducing recession risks tied to residential real estate.
OPEC is facing one of its most significant disruptions in decades after the United Arab Emirates announced it will withdraw from the oil cartel eff...
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 ...
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