Expedia's recent share-repurchase activity appears more opportunistic than programmatic, with the company buying $1.6 billion worth at an average share price of $134 in 2024, which we view as positive ...

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After hitting a peak of 7.04% in January 2025, mortgage rates have retreated, but the decline has been sluggish ... hit historic peaks amid fierce demand and scant inventory, shutting the door ...