Trump’s order for Freddie, Fannie to buy $200 billion mortgage bonds raises IPO doubts

In Today’s News

Glencore’s trading arm part of the appeal for Rio Tinto in merger talks, sources say

LONDON, Jan 9 (Reuters) – Rio Tinto would want to keep Glencore’s trading division and make it an even more powerful platform to sell commodities if the two can strike a deal to create the world’s largest mining company, two sources close to the matter said. Rio Tinto is in early talks to buy Glencore, the …

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Trump’s order for Freddie, Fannie to buy $200 billion mortgage bonds raises IPO doubts

Jan 9 (Reuters) – U.S. President Donald Trump’s order for Freddie Mac and Fannie Mae to buy $200 billion in mortgage bonds raises doubts about their privatization plans, analysts say.Fannie and Freddie, created by the U.S. Congress to support the housing market, have been under government control since their …

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Experts indicate there’s a staggering 95% likelihood the Federal Reserve will instigate a negative event impacting megacap tech equities. Companies like Nvidia, Microsoft, and Amazon may experience prolonged growth constraints. Meanwhile, a brand-new category of stocks is set to ascend and potentially dethrone ‘The Mag 7’ from its leading position. Discover 7 strategic stock trade insights to equip yourself for the impending September market shifts.

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Fed seen on longer rate-cut pause after December jobs data

The unemployment rate fell to 4.4% last month from a revised 4.5% in November, the U.S. Labor Department reported on Friday, even as employers added 50,000 jobs in the month. Economists polled by Reuters had forecast a gain of 60,000.Powell helped propel the Fed into reducing its benchmark overnight interest …

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