Wall Street's oldest controversy is back on trend. Shares of US mortgage finance giants Fannie Mae and Freddie Midea surged on the US OTC market after a post by billionaire Bill Ackman sparked optimism that the two companies could leave the federal government's custody under Trump 2.0. Shares in Fannie and Freddie rose as much as 40 per cent, the highest since November. "What is particularly interesting about these two companies today is that there is a credible way to get them out of custody in...
The U.S. added 227,000 jobs in November, bouncing back sharply after being dragged down by hurricanes and the Boeing strike. The Bureau of Labor Statistics released more non-farm payrolls than economists had widely predicted 200,000. The figure was a big jump from the 12,000 initially recorded in October, which has now also been revised up to 36,000. The unemployment rate rose to 4.2 percent. Market participants expect November's data to outperform the underlying trend due to a poor performance ...
On July 5th, the unemployment rate in the United States recorded 4.1% in June, the highest since November 2021.