Dow Rebounds Ahead of Democrats’ Stimulus Deadline
The Dow Jones Industrial Average climbed on Tuesday, as investors awaited a fresh stimulus breakthrough before a self-imposed deadline.
Steven Mnuchin
Dow Rises as Congress Averts Shutdown, But Stimulus Hangs in Balance
The Dow Jones Industrial Average rose by as much as 176 points Wednesday. The House passed a short-term spending bill late Tuesday that avoids a government shutdown after Sept. 30. Progress on a new stimulus bill has stalled despite Treasury Secretary Steven Mnuchin reiterating support for further coronavirus relief. The Dow advanced Wednesday, while the … Read more
Dow Spikes 160 as Mnuchin Pushes New Stimulus Deal
The Dow and broader U.S. equities market rallied on Wednesday, with Big Tech and consumer stocks leading the rally.
Treasury’s Sneaky Ownership of U.S. Industry Will be a State-Run Disaster
The Treasury is setting the stage for corruption and skepticism as it plans to take an equity stake in the defense companies it employs
Wonder Why You Haven’t Gotten Your Stimulus Check? Bankers Tried to Nab Your Money
You want your part. Bankers are already fighting for their part. When will your government stimulus check actually get to you, and how much will it be?
U.S. Housing Market Could Crash to 29-Year Lows
The U.S. housing market could crash to 29-year lows as coronavirus containment pummels home sales to levels not seen since 1991.
Dow Blasts Higher After Mnuchin Owns the Blame for China Snub
The Dow blasted higher on Tuesday after Treasury Secretary Steven Mnuchin sent Wall Street a save the date for the next round of US-China trade talks and owned the blame for China’s apparent snub of US farmers during a preliminary visit last week. Dow Reclaims 27,000; S&P 500, Nasdaq Rise All of Wall Street’s major … Read more
The Alarming Reasons Why U.S. Treasury Yields Can’t Go Much Higher
U.S. government debt yields rose on Monday, extending their recent string of gains after Treasury Secretary Steven Mnuchin provided a sense of optimism toward upcoming China trade talks. Despite the rally, investors shouldn’t get too excited about a sustained rise in bond yields given the current state of play in global finance. Treasury Yields Extend … Read more
Dow Rebounds After Mnuchin, Lighthizer Conclude ‘Frank’ Shanghai Talks
The Dow scored a crucial rebound on Wednesday after US negotiators led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin secured key concessions from China, which apparently brushed off President Trump’s brazen attacks. Dow Grinds Higher; Nasdaq, S&P 500 Mount Tepid Gains All three primary US stock market indices rose during the morning … Read more
Treasury Secretary Supports DOJ’s Decision to Probe Amazon’s Monopoly
Treasury Secretary Steven Mnuchin concurred with the DOJ that anti-competitive practices at the big tech companies warrant an antitrust investigation — an idea first proffered by Walmart. In an interview on CNBC, Steven Mnuchin said that while there have been many benefits to Amazon, the company has also destroyed the American retail industry, thereby limiting … Read more