Shares of Federal National Mortgage Assctn Fnni Me FNMA 2.82% and Federal Home Loan Mortgage Corp FMCC 1.49% plummeted more than 30 percent on Tuesday after an appeals court upheld a decision denying hedge funds the right to challenge the government-sponsored enterprises’ (GSEs) net worth sweep.
Wall Street got a rare day off this week in honor of founding father and first U.S. president George Washington. Many President Donald Trump supporters think Trump is just the type of Washington outsider that the country needs to stand up to the status quo, similar the way Washington stood up against the British. Trump…
This year will be a critical year for Tesla Inc TSLA 0.44% and its shareholders. Visionary billionaire CEO Elon Musk has pledged that Tesla will ramp its vehicle production from 76,000 in 2016 to 500,000 in 2018. Musk has also promised to ship 100,000 Model 3s by the end of 2017.
Federal National Mortgage Assctn Fnni Me FNMA 2.82% and fellow government-sponsored enterprise (GSE) Federal Home Loan Mortgage Corp FMCC 1.49% have both lost roughly a third of their market caps Tuesday following an appeals court ruling upholding a decision that hedge funds are not allowed to sue the government for its net worth sweep of…
On Friday’s PreMarket Prep, Jim Carroll, managing director and co-portfolio manager at Pointe Capital Management, joined Benzinga to discuss the impact President Donald Trump will have on the firm’s MLP portfolio.
Federal Home Loan Mortgage Corp FMCC 1.49% and Federal National Mortgage Assctn Fnni Me FNMA 2.82% shares are each down more than 22 percent on Tuesday after an appeals court upheld a ruling that hedge funds may not sue to challenge the legality of two government-sponsored enterprises (GSEs) net worth sweeps. Together, Fannie Mae and Freddie…
Just when it seemed like Wal-Mart Stores Inc WMT 1.03% was at risk of being left behind in the digital age, the retail giant delivered some impressive Q4 earnings numbers that suggest Wal-Mart isn’t going down without a fight.
Tesla Inc TSLA 0.44% shareholders are on the edge of their seat this week as the company is set to report its December quarter earnings Wednesday.
There’s an old adage that says there’s no such thing as bad publicity. Unfortunately for Twenty-First Century Fox Inc FOXA 0.86%, the company seems to have drummed up some legitimately bad publicity for its new movie “A Cure for Wellness.” In an effort to raise awareness about the movie, 20th Century Fox created at least…
The global oil market has clearly stabilized in the past year. Many investors looking to profit off of the rebound in oil and oil stocks saw the OPEC production cut deal in December as the last remaining green light for the industry. However, WTI crude oil is up only 1.4 percent in the past two…