Fannie Mae reported a net income of approximately $4 billion for the second quarter of 2026, an increase from $3.7 billion in the first quarter of the same year, and raised its net worth to $116.5 billion as of June 30, 2026. Net revenues rose to $7.6 billion in Q2, up from $7.3 billion in […]
“Economic weakness has met the minimal duration test, but not the depth or breadth of a conventional recession,” Billy-Ochieng’ wrote. Mortgage brokers tracking client demand have watched economic conditions shift unevenly across sectors, a pattern that lines up closely with TD’s characterisation of a rolling, rather than synchronised, downturn. Brokers and economists weighing in on Canada’s […]
Tradeweb Markets Inc. (Nasdaq: TW) announced its financial results for the second quarter of 2026, reporting continued growth across its global electronic trading platform. The company posted quarterly revenues of $558.9 million, up 9.0 percent from the prior year period, or 8.3 percent on a constant currency basis. International revenues climbed 13.9 percent to $245.1 […]
Corporate insiders haven’t been this bearish in more than 20 years.
Data center owner, operator and developer CyrusOne has promoted John Hatem to CEO. Hatem’s promotion is effective immediately. He will also have a seat on the company’s board of directors. The Dallas-based company’s outgoing CEO, Eric Schwartz, is stepping down and will work with Hatem to ensure a smooth transition, the company said in a press release. “I have […]
The NZDUSD and the AUDUSD are both up over 1% on the day. What next? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The Nasdaq Composite rose more than 2.5% on Thursday, on track for its best session in more than a month, as strength in chipmakers and other […]
Recent headlines about slowing AI spending and volatile tech stocks miss a bigger story. The U.S. power grid isn’t ready for what’s coming. That was the message from speakers on a July 27 webinar sponsored by SS&C ALPS Advisors. Key Takeaways: U.S. electricity demand is set to grow faster than at any point in decades. […]
Hong Kong’s Securities and Futures Commission (SFC) has ordered Futu Securities International to freeze up to HK$125.25 million (approximately US$16.1 million) in client assets linked to suspected initial public offering fraud. According to the regulator’s announcement, the accounts are held by an entity suspected of participating in a scheme intended to create a false or […]
Kevin Warsh insists the Federal Reserve will do whatever it takes to reduce U.S. inflation to its 2% target, but investors aren’t buying it.