Investing.com -- Shares of mortgage finance giants Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC) fell 7% in Friday trading after Federal Housing Finance Agency (FHFA) Director Bill Pulte indicated the companies would likely remain in conservatorship.
The decline extended into a second consecutive day of losses, with the stocks at one point dropping as much as 15% for Fannie Mae and 16% for Freddie Mac, marking their steepest intraday falls since early June.
In... (continue reading...)
Investing.com -- The European Union and the United States might reach a framework trade deal this weekend that would end months of uncertainty for European industry, according to a report from Reuters, citing EU officials and diplomats on Friday.
The potential agreement would likely include a 15% baseline tariff on all EU goods entering the United States, with European steel and aluminum facing a probable 50% tariff, these sources said.
U.S. President Donald Trump... (continue reading...)
Investing.com -- As the clock ticks toward a critical August 1 deadline, U.S.-Canada trade negotiations show few signs of progress, with officials on both sides signaling a hardening of positions. U.S. President Donald Trump said Friday that talks with Ottawa have been largely unsuccessful, raising the possibility that tariffs may be the administration’s primary course of action.
“We will have most of our deals finished, if not all. We haven’t really had a lot of luck... (continue reading...)
Investing.com -- Morgan Stanley has upgraded Estée Lauder to Overweight and placed the cosmetics group on its Positive Catalyst Watch, ahead of its fourth-quarter earnings release on August 20.
The firm expects the company to deliver a revenue beat and laid out a constructive multiyear thesis for the stock.
“We believe EL will deliver at the top of their guide given the better-than-feared 6.18 event and better performance online,” Morgan Stanley analysts wrote, adding... (continue reading...)
Investing.com -- Citi resumed coverage of Hewlett Packard Enterprise (NYSE: HPE) with a Buy rating and $25 price target, citing benefits from its completed acquisition of Juniper Networks (NYSE: JNPR) and an improving earnings mix.
The brokerage said the Juniper deal positions HPE to capture long-term growth in enterprise networking and AI infrastructure, markets it expects to grow at a 7% compound annual rate. Citi expects operating income from networking to rise to... (continue reading...)
More General News
View Older Stories-
Sarepta stock falls after Elevidys fails to get backing by EU regulators
-
Synovus Financial stock falls after merger announcement with Pinnacle
-
BofA on European earnings: Upside surprise to low expectations
-
Eric Trump tweets support for Ethereum amid price rally
-
EU stocks poised for breakout as tariff fears ease: Barclays
-
Fed’s Powell vows to resist Trump’s pressure to resign
-
Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
-
Union Pacific upgraded as it gains more from Norfolk Southern merger
-
Goldman Sachs speculative trading indicator hits record high
-
EU, US could reach framework trade deal this weekend, EU officials say
-
Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps
-
User Reports Indicate Problems At Starlink: Downdetector
-
FAA to review Boeing supply chain before approving hike to 737 MAX production
-
Stocks in rally mode, but Oxford Economics turns cautious, warns of hidden risks
-
Trump: Getting ready to head over to the Fed
-
White House: Trump To Sign Order Pushing Cities And States To Remove Homeless People From Streets - Reuters
-
FAA sees no mechanical issue with 787 Boeing fuel control unit after Air India crash
-
Chevron to resume oil operations in Venezuela under Trump administration - WSJ
-
A surge in Bitcoin treasury firms is eroding first mover scarcity premium: Mizuho
-
Accelerant shares surge over 30% in public debut after $724 million IPO
-
All eyes on CSX as Union Pacific and Norfolk Southern confirm talks
-
OpenAI prepares August launch for GPT-5, The Verge reports
-
Hulk Hogan, who helped turn pro wrestling into billion-dollar spectacle, dies at 71
-
Piper Sandler downgrades Chubb as rising competition weighs on margins
-
LVMH's Arnault plans new Texas factory, as company awaits US-EU trade deal
-
ECB policymakers face uphill battle for further rate cuts - Bloomberg
-
UnitedHealth stock falls after DOJ investigation disclosure
-
Google’s results will continue to spur the AI arms race: Wolfe Research
-
Canada’s retail sector suffers May pullback amid auto weakness, trade strains
-
UnitedHealth complies with DOJ criminal, civil requests, filing shows
-
Nvidia AI chips worth $1 billion entered China despite US curbs, FT reports
-
EUR is emerging as the next strongest safe haven: HSBC
-
Motorola Solutions unveils new features to boost transparency in public safety tech
-
Zelenskiy introduces bill to 'uphold independence' of Ukraine's anti-graft bodies
-
Exclusive-Rio Tinto weighs sale of titanium business, sources say
-
Ukraine's central bank holds key rate steady, says war risks will curb 2025 growth
-
American Airlines forecasts wide range due to economic uncertainty
-
Southwest Airlines earnings hit by weak US travel demand
-
Chipotle cuts annual sales target as dining out slows; shares drop
-
US attorney general told Trump that his name is among many in the Epstein files, WSJ reports
-
Paramount+ wins'South Park' library and new episodes after prolonged negotiations
-
Moncler revenue edges higher amid a deceleration in tourist flows
-
Needham ups price targets on Bitcoin mining stocks
-
EU and US near trade deal with 15% tariffs - FT
-
White House unveils artificial intelligence policy plan
-
AT&T results: Here’s the read-through for Apple
-
Unity share improvement overstates fundamental benefit of ad model upgrade: BTIG
-
Fiserv trims annual revenue forecast as Clover growth slows down, shares slide
-
GE Vernova raises annual forecasts, beats second-quarter profit estimates
-
GoPro (GPRO) Shares Surge 50pct, Trading $2 Handle
