Trump floats taking Fannie Mae and Freddie Mac public
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Snowflake posts better-than-expected earnings and issues guidance ahead of analysts’ estimates, while clean-energy stocks such as Sunrun fall sharply after the House passes Donald Trump’s tax-and-spending bill.
When asked Friday about President Donald Trump’s talk about privatizing housing-finance giants Fannie Mae and Freddie Mac, Treasury Secretary Scott Bessent sounded like a guy with a lot on his to-do list — and that matter is not at the top.
Fannie Mae and Freddie Mac have surged on Trump privatization hopes, but common shares may now be overvalued, especially Fannie Mae. Click here to read more.
The passage of the Republicans' tax cut bill in the House and what happens next - with ramifications for multinational corporations, clean-energy companies like First Solar, and wireless carriers such as AT&T,
In a post on Truth Social, Trump said he was "giving very serious consideration" to the spin-off and would decide in the near future. He added he would speak on the matter with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Federal Housing Finance Director William Pulte and others.
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Seeking Alpha's roundup of remarks and statements by newsmakers that could potentially impact markets, sectors or stocks. Read more here,