Stocks Rally, Mortgages Stay High as Inflation Cools, Musk Sues OpenAI, Dell Soars
• Stocks kept up record rally on Friday after strong inflation reading eased Fed rate hike worries
• Shares in NY Community Bancorp plunged 27% after CEO exit, $2.7B loss, loan process weaknesses
• Elon Musk sued OpenAI for abandoning original mission and profit focus with Microsoft
• Dell shares rose 33% after sales/profit beat fueled by AI server prospects
• Mortgage rates stuck above 7% but some homebuilders say consumers more tolerant of higher rates