A Tech Rotation Roils the Markets, Again

New York Times - Oct 23, 2026

Investors are bracing for a one-two punch: rising oil prices and concerns about the soaring costs of the artificial intelligence buildout.

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President Trump on Thursday signed an executive order aimed at lowering mortgage payments, as elevated borrowing costs have stifled the housing market. Trump’s order directs Federal Housing Finance Agency (FHFA) Director Bill Pulte to create a pilot program to cancel insurance premiums for government-backed mortgages once a borrower has satisfied equity requirements. The president also...