The Trump administration wants to work with Congress to end government control of Fannie Mae (OTCQB:FNMA -3%) and Freddie Mac (OTCQB:FMCC -2.1%), but may pursue some changes on its own, Treasury Secretary Steven Mnuchin said in an interview with Bloomberg.
Snap (NYSE:SNAP) recently ousted two senior execs following a probe that found one had an inappropriate relationship with a contractor, The Wall Street Journal reports.
The total U.S. rig count plunges by 25 to 1,050, according to the latest weekly survey from Baker Hughes.
Jan. Consumer Sentiment: 90.7 vs. 97.0 consensus and 98.3 prior.Current economic conditions 110.0 vs. 114.5 expected and 116.1 prior.
“The approach we need is one of prudence, patience, and good judgment,” says New York Fed President John Williams at a New Jersey Bankers Association forum.
Facebook’s (NASDAQ:FB) augmented-reality plans may be getting closer to fruition, as the company has reportedly moved hundreds of employees to a product group developing AR eyeglasses.
Stocks wrap up their fourth straight week of gains, lifted by trade talk optimism and waning concerns about the U.S. economic outlook.
Selling pressure on Tesla (NASDAQ:TSLA) continues to build, with shares now showing a 13.2% drop on the day.
Spotify (SPOT +0.9%) is planning its first push into hardware this year, via a voice-controlled in-car music player, the Financial Times reports.
In an SEC filing, Walt Disney (NYSE:DIS) provides recast financial results for the past three years to reflect its most recent business-unit reorganization and give insight into its growing direct-to-consumer business.
Major U.S. stock averages take an uncharacteristically steady path upward amid signs that China-U.S. trade tensions are thawing.
U.S. stocks’ advance gathers steam after a report that China offered to boost imports from the U.S. over a six-year period that would eliminate its trade surplus with the U.S.
Fannie Mae (OTCQB:FNMA +10.6%) and Freddie Mac (OTCQB:FMCC +7.7%) gain after a report that the acting head of the Federal Housing Finance Agency intends to unveil within weeks a plan to bring the government-sponsored enterprises out of conservatorship.
Stocks extend their recent gains in early trade amid continued optimism that a trade concession between the U.S. and China could be reached before a March 2 deadline; S&P and Dow both +0.6%, Nasdaq +0.4%.
December Industrial Production: +0.3% to 109.9 in-line with consensus, +0.4% prior (revised).Capacity Utilization 78.7% vs. 78.4% consensus, 78.6% prior (revised).
Wedbush is quick out of the gate with a note dissecting Tesla’s (NASDAQ:TSLA) profit announcement this morning.
State Street (NYSE:STT) jumps 8.2% after announcing it’s plans to cut about 6% of its workforce, or about 1,500 jobs, to cut costs.
State Street (NYSE:STT): Q4 Non-GAAP EPS of $1.68 beats by $0.01 ; GAAP EPS of $1.04 misses by $0.47 .
Tiffany (NYSE:TIF) reports global sales fell 1% to $1.04B during the two-month holiday period as lower sales to foreign (primarily Chinese) tourists factored in. Softer demand in Europe and the Americas also contributed to the drop.
Malaysia would consider dropping charges against Goldman Sachs (NYSE:GS) if it was compensated for the full amount raised for the 1MDB fund.