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Reuters/Greg Locke Here is what you need to know. Mnuchin defends the dollar. In Wedensday’s Financial Times, Treasury Secretary Steven Mnuchin was quoted as saying Trump was “absolutely not” trying to talk down the dollar during a recent interview with The Wall Street Journal. Fed rate hike odds are falling. The market sees a 43.7% chance the Fed […]
Here is what you need to know. The GOP is working on a new healthcare bill. Vice President Mike Pence and two top White House officials met with members of the Freedom Caucus on Monday in hopes of reviving plans to repeal and replace Obamacare, the Associated Press reports. Global debt hits an eye-watering $ […]
Reuters/Goran Tomasevic Here is what you need to know. The Dow blows through 21,000. It took just 24 trading days (and 35 calendar days) for the Dow to reach its latest round number after crossing 20,000 on January 25, matching the fastest ascent between landmarks. The Dow took 24 trading days to go from 10,000 to […]
REUTERS/Elijah Nouvelage When Yahoo CEO Marissa Mayer and her team negotiated the company’s $ 4.8 billion acquisition by Verizon, they tucked in a little something for themselves: a provision that could pour a lot of cash and stock into their own pockets. The only catch: they need to get fired. The provision is called a “double trigger.” Most […]
