Shares of Federal National Mortgage Assctn Fnni Me FNMA 0.96% and Federal Home Loan Mortgage Corp FMCC are down more than 3 percent on Thursday following comments by President-elect Donald Trump’s Treasury Secretary nominee Steven Mnuchin.
Shares of CSX Corporation (NASDAQ: CSX) are steaming higher by more than 20 percent on Thursday after news broke that railroad veteran Hunter Harrison is planning to get involved with CSX. Harrison abruptly departed Canadian Pacific Railway Limited (USA) (NYSE: CP) just months prior to his scheduled retirement, reportedly leaving C$118 million on the table.
In the closing weeks of the Obama administration, federal agencies have issued a tidal wave of new regulatory actions. The motivation behind the regulation sprint may be partially to cement President Barack Obama’s legacy before he leaves office. It may also in part be to attempt to “Trump-proof” Washington before the Democrats must turn over…
Netflix, Inc. NFLX 0.47% is going all-in on original content, and the streaming giant appears to be on track to reach its goal of 50 percent original programming within the next several years. Netflix original shows such as “House of Cards,” “Orange is the New Black” and “Making a Murderer” are so popular these days…
Short seller Kerrisdale Capital believes the 24 percent jump in Straight Path Communications Inc STRP 1.43% since the company announced a $15 million settlement with the U.S. Federal Communications Commission (FCC) on January 12 is a result of the market misinterpreting Straight Path’s current position.
The new movie “Gold” starring Matthew McConaughey has all the key elements of a hit Hollywood drama: a rags-to-riches treasure hunt story complete with lies, deception and a possible fake suicide. Incredibly, the movie is based on a story that’s all-too-true for investors who were duped into one of the biggest scams in mining history.
President Barack Obama will officially relinquish the Oval Office to President-elect Donald Trump this week. Americans seemed as divided as ever during the 2016 campaign season, but the bitterness of the election may have helped paint Obama in more of a positive light in the eyes of many Americans.
Despite mostly positive earnings reports out of six of the largest American banks, financial stocks have slumped since big banks earnings season started last Friday. Bank of America Corp BAC 0.17%, Citigroup Inc C 0.65%, Morgan Stanley MS 0.33%, Goldman Sachs Group Inc GS 0.48% and JPMorgan Chase & Co. JPM 0.23% all reported Q4…
Comedian and cultural icon Jerry Seinfeld has inked a massive content deal with Netflix, Inc. NFLX 0.47%, as the streaming video giant continues to boost its impressive original comedy library.
The long-term growth story in Macau remains intact, but share prices of casino operators may already fully reflect 2017 earnings. According to Bernstein analyst Vitali Umansky, the huge run Macau stocks have been on in the past year now has the stocks trading in-line with medium-term growth expectations in Macau.