FNMA and FMCC Stock Up 40% as More Details on Reforms Emerge
Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) stock are today’s biggest gainers as more details emerge from the Treasury’s reform package.
As we reported last week, FNMA and FMCC stock sunk around 8% …
Trump Reveals Fannie Mae and Freddie Mac Reforms, FNMA Stock Sinks
The Trump administration revealed yesterday plans to reform Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), which has sunk both FMCC and FNMA stock.
Investors have been eagerly awaiting the unveiling of Trump’s plans …
Trump Plans Freddie Mac Reforms, Boosting FMCC Stock 12.6%
According to reports, the US Treasury is finalizing reform plans for Freddie Mac (OTCQB:FMCC) and Fannie Mae (OTCQB:FNMA), boosting FMCC stock.
Public Bailout
Reports emerged on Wednesday afternoon that the US Treasury Department …
Bank of America Raises Minimum Wage to $20 Per Hour
Bank of America (NYSE:BAC) announced yesterday that it will raise the minimum wage for employees to $20 an hour over the course of the next two years. It will also freeze health care cost increases …
Canada’s Unemployment Rate Drops to Lowest Level in Decades
Good news for Canada’s workforce! Canada’s unemployment rate is at the lowest it has been in years. 5.6% low to be more precise. The news comes as the increase in job numbers in November beat …
Ex-JPMorgan Chase Trader Pleads Guilty for Multi-Year Metals Trade Fraud
An ex-JPMorgan Chase (NYSE:JPM) trader has admitted to manipulating the US precious metals market for a number of years.
JPMorgan Chase Metals Trade Fraud
John Edmonds, 36, pleaded guilty to only one count …
AMP Scandal: Caught Charging People for Life Insurance After They Died
Another AMP scandal has come to light. It’s been revealed that AMP—Australia’s largest wealth manager—charged $1.3 million in life insurance premiums to more than 4,500 deceased individuals… after they died.
The company has …
JP Morgan Ready To Unveil Free New Investing App
In the busy world of retail investing, it can be difficult to attract attention. However, a new JP Morgan investing app will surely turn a few heads.
JP Morgan Investing App
The multinational …
Bank of America Tops Estimates, Raises Dividend by 25%
Bank of America’s (NYSE:BAC) strategy of enhancing its operational efficiencies and reducing its cost structure has helped it in making significant earnings growth; it has been generating substantial growth across all business segments. Bank of …
Financial Sector Sell-off Paused After Big Banks Raised Cash Returns
Although the financial sector has been lagging behind in the S&P 500 index, banking stocks continue to create value for shareholders. Several big banks, including Wells Fargo (NYSE:WFC), American Express (NYSE:AXP) and JPMorgan (NYSE:JPC), has …