On Friday, stocks for both the Federal Home Loan Mortgage Corporation (FMCC) and the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, saw impressive gains, with FMCC rising nearly 23% and FNMA increasing by 23.5%. These significant stock...
On January 19, 2025, the U.S. Supreme Court upheld a law banning TikTok unless it is sold to an owner not controlled by a foreign adversary. This ruling has sparked fresh uncertainty surrounding the popular social-media app, which is used by approximately 170 million...
Trump Media and Technology Group (NASDAQ: DJT) saw a notable 10% increase in its stock price during Monday's mid-day trading, reflecting growing investor optimism as President-elect Donald Trump’s inauguration nears. The stock’s rise follows a key Securities and...
Shares of major insurance companies took a sharp downturn on Friday, following reports that the wildfires ravaging California have become the most costly in U.S. history. The fires, which have destroyed thousands of structures across the state, are expected to cause...
Michael Barr announced he would step down as the Federal Reserve’s head of banking supervision, citing potential conflicts with former President Donald Trump as a key reason for his decision. Barr, who has held the position since 2022, expressed concern that any...
The U.S. stock markets will be closed on January 9, 2024, in observance of a national day of mourning for former President Jimmy Carter, who passed away on December 29 at the age of 100. Carter, who served as the 39th president from 1977 to 1981, was the...
In the wake of President-elect Donald Trump's bold statements on the pharmaceutical industry, healthcare and pharma stocks have taken a significant hit. Trump’s promise to tackle drug-industry middlemen, particularly Pharmacy Benefit Managers (PBMs), has sent ripples...
In 2024, Chronicle of Philanthropy reported a record-breaking total of nearly $6 billion in charitable donations from individuals or their foundations, with half of that sum coming from just three monumental gifts, each surpassing $1 billion. This year’s list...
In a high-profile meeting at President-elect Donald Trump’s Mar-a-Lago residence in Palm Beach, Florida, on a Monday in December 2016, SoftBank CEO Masayoshi Son announced a monumental $100 billion investment in the United States over the next four years. This joint...
TikTok has issued a stark warning in a court filing on Monday, revealing that U.S. small businesses and social media creators would lose an estimated $1.3 billion in revenue and earnings in just one month if the app is effectively shut down in the United States on...
Coca-Cola (KO) saw a significant uptick in stock value recently following positive remarks from the company’s CFO, John Murphy. Speaking during the company’s fourth-quarter earnings call, Murphy addressed concerns about rising aluminum prices, stating that while the...
President Donald Trump has directed the Treasury Department to halt the production of new pennies, calling the continued minting of the one-cent coin "wasteful." On Sunday night, Trump posted on his Truth Social platform that the cost of producing each penny exceeds...
In the latest twist of President Donald Trump’s trade policy, the announcement that he intends to impose a 25% tariff on steel and aluminum imports has led to a surge in U.S. steelmaker stocks. The move, which is intended to protect U.S. manufacturing industries,...