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Senate Democrats Ramp Up Scrutiny of Trump’s Fannie-Freddie Plan

(Bloomberg) — It’s been three months since the Trump administration released its plan to end government control of Fannie Mae and Freddie Mac and Democratic lawmakers still have unanswered questions, lots of them.In a Tuesday letter, Senate Banking Committee Democrats put almost two dozen queries to the Treasury Department and Federal Housing Finance Agency, the companies’ regulator. Topics ranged from the potential impact releasing Fannie and Freddie will have on the trillions of dollars in mortgage securities that the companies backstop to whether housing costs will rise.Virginia Senator Mark Warner, Presidential candidate Elizabeth Warren and other Democrats who signed the …read more […]

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Is Netflix’s 'The Irishman' actually a flop?

Netflix announced that ‘The Irishman’ garnered streams from 26.4 million households globally in its first week, falling nearly 50% lower than the numbers posted by the streaming giant’s ‘Bird Box’. Yahoo Finance’s Zack Guzman, Kristin Myers and The Brewer Group CEO & Former NFL Player Jack Brewer discuss on YFi PM. …read more […]

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The Best Stocks From the Last 10 Years

We’re approaching the end of the year.
It’s a time for all of us to look back and reflect.
And as we cross into a new decade – waving goodbye to the 2010s – we’re also stepping into history.
We’re witnessing an event rarer than the appearance of Halley’s Comet. Rarer than watching Venus’ transit across the surface of the sun.
In fact, it’s something that hasn’t happened in 170 years.
For the first time since before the Civil War, the U.S. hasn’t fallen into a recession during a 10-year period.
That may not seem momentous. But like clockwork, in every decade for the past 170 …read more […]

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Ford to invest $1.45 billion in two Detroit plants, add 3,000 jobs

The No.2 U.S. automaker said it would invest about $750 million at its Wayne facility in Michigan to make its Bronco and Ranger sports utility vehicles and pickup trucks, and hire 2,700 workers over the next three years. Ford also said it plans to invest about $700 million at its Dearborn plant to make electric and hybrid versions of the F-150 truck and will hire 300 people next year. Ford had previously said would invest $11 billion to make 40 new hybrid and fully electric vehicle models by 2022. …read more […]

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Why the markets 'look clean' into 2019 year-end

As the trade war between the U.S. and China continues, in addition to the ongoing uncertainty overseas regarding Brexit, U.S. markets are up nearly 30% year-to-date. Stuart Kaiser UBS Cross Asset Macro-Strategy joins Yahoo Finance’s On the Move with Adam Shapiro, Julie Hyman, Rick Newman and Akiko Fujita. …read more […]

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PG&E, fire victims waive deadline for governor's OK of reorganization plan

California wildfire victims and utility PG&E Corp have agreed to waive a Tuesday deadline for securing approval from the state’s governor for the power company’s reorganization plan that contains a $13.5 billion settlement for the victims. Last week, Governor Gavin Newsom rejected the PG&E reorganization plan and said he expected a new board of directors and stronger finances so it could invest in safer equipment. Gavin’s decision sent the PG&E’s share price tumbling on Monday. …read more […]