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Trump Taps Private Equity Investor Bill Pulte To Lead Federal Housing Finance Agency

President-elect Donald Trump announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency (FHFA). What To Know: If Trump’s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), which have been in conservatorship since the 2008 financial […]
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Bitcoin Adoption Still Early, BlackRock Says

BlackRock‘s (NASDAQ:BLK) Head of Digital Assets, Robert Mitchnick, on Wednesday said that Bitcoin (CRYPTO: BTC) adoption is still in its “early days”, particularly within the wealth advisory and institutional segments. What Happened: He shared this perspective during an interview with Bloomberg, discussing the firm’s focus for the second year of their IBIT (NASDAQ:IBIT) ETF. Mitchnick […]
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Ford Sold More Electric Mustangs Than Gas Mustangs In 2024

Dearborn-based Ford Motor Co. (NYSE:F) sold 51,745 Mustang Mach-E SUVs in the U.S. last year, trumping the sales numbers of its gas-powered counterpart Mustang for the first time since the EV’s sales commenced in late 2020. What Happened: In the last quarter of 2020, Ford sold three units of the electric Mach-E and officially commenced […]
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Jim Cramer: Lemonade Is ‘Up Too Much,’ This Health Care Stock Can Go Lower

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Lemonade, Inc. (NYSE:LMND) is “up too much… You got to let it come down.” On Nov. 22, JMP Securities analyst Ronald Josey maintained Lemonade with a Market Outperform and raised the price target from $40 to $60. Cencora, Inc. (NYSE:COR) can go lower and he prefers […]
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Kratos Defense Stock Is Rising Monday: What’s Going On?

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares are trading higher Monday after the company was awarded a five-year government contract worth up to $1.45 billion. What Happened: Kratos said it was awarded a five-year OTA contract for the Multi-Service Advanced Capability Hypersonic Test Bed 2.0 under Task Area 1. If all options are exercised over a […]
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Jim Cramer Warns ‘Day Is Not Near Enough To Justify The Current Valuations’ Of Quantum Computing, Nuclear Power Stocks

Jim Cramer cautioned investors on Thursday against excessive speculation in quantum computing and nuclear power stocks, despite growing market enthusiasm for both sectors. What Happened: “Both have promise, someday, but that day is not near enough to justify the current valuations for these stocks,” CNBC’s Cramer said during his show, pointing to concerns about long […]

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