Billionaire investor Bill Ackman anticipates that U.S. President-elect Donald Trump will remove Fannie Mae and Freddie Mac from conservatorship, potentially converting them back into private companies. Ackman shared this prediction on social
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U.S. stocks ended Christmas week with retracements of strong double-digit gains, driven by profit-taking in thinly traded markets heading into the final weekend of 2024. Despite a slight decline on Friday, the
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U.S. tech investor Cathie Wood is urging Donald Trump’s incoming administration to enhance economic growth and provide policy certainty by backdating promised corporate and personal tax cuts to Jan. 1, 2025, she
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Leading AI platform ChatGPT is currently down, with millions of users across the world unable to log into the service and input prompts. ChatGPT users began facing issues on 26 December, and
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Wall Street’s main indexes closed higher on Tuesday, driven by gains in megacap and growth stocks during a shortened Christmas Eve session. Both the Dow Jones Industrial Average (.DJI) and the Nasdaq
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The cryptocurrency industry is urging President-elect Donald Trump to jumpstart his promised crypto policy overhaul as soon as he takes office next month. Industry officials are pushing for executive orders that could
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Tesla announced on Friday that it is recalling 694,304 vehicles in the United States due to a problem with the tire pressure monitoring system (TPMS). According to a recall acknowledgment notice, the
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In a late-night effort, the U.S. Congress passed spending legislation early Saturday to avoid a government shutdown ahead of the holiday season. The Democratic-led Senate approved the bill in an 85-11 vote
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U.S. President-elect Donald Trump has urged the European Union (EU) to increase imports of U.S. oil and gas or face tariffs on key exports, including cars and machinery. The EU is already
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The Federal Reserve’s rate-cutting cycle appears to be drawing to a close, with the possibility of rate hikes in 2025 now on the table. On Wednesday, the Fed cut the federal funds
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