Thomas Franck’s Posts

President Donald Trump’s trade advisor Peter Navarro believes it’s certain that Congress passes landmark trade legislation known as the United States-Mexico-Canada Agreement before the end of the year.

AT&T soared Monday after Paul Singer’s Elliott Management announced it owns $3.2 billion in the underperforming telecom giant’s stock and said in a letter that it hopes to help the company trim unneeded assets.

The August jobs report showed weaker hiring overall as continued strength in the service sectors struggled to offset anemic manufacturing gains and losses in the mining and extraction industry.

The yield on the benchmark 10-year Treasury note dove Tuesday to its lowest level since 2016 after a report on the U.S. manufacturing sector showed a contraction in August.

The rate on the benchmark 30-year Treasury bond sank to an all-time low on Wednesday while the U.S. yield curve inverted even further as fixed-income traders grew more confident in forecasts of tepid inflation and slower economic growth.

The White House is reportedly discussing a variety of options to try to juice U.S. economic growth ahead of the 2020 election, including a rotation of Federal Reserve governors that would make it easier to check the power of Chairman Jerome Powell.

The main part of the yield curve inverted once again on Thursday as the yield on the benchmark 10-year Treasury note traded under that of the 2-year note, the third time the recession indicator has been triggered since last Wednesday.

Philadelphia Fed President Patrick Harker said Thursday that while he reluctantly supported the central bank’s rate cut in July, he doesn’t see the case for additional stimulus.

The Federal Deposit Insurance Corp on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.

The yield on the benchmark 10-year Treasury note broke below the 2-year rate early Wednesday, an odd bond market phenomenon that has been a reliable, albeit early, indicator for economic recessions.

Billionaire investor Carl Icahn believes Occidental’s acquisition of Anadarko is the worst tie-up he’s seen in his long career on Wall Street.

Investors again rushed for the safety of government bonds and dumped stocks on Wednesday, exacerbating the August exodus away from risk assets as traders around the world settled in for a U.S.-China trade war without an end in sight.

The yield on the benchmark 10-year Treasury note fell below 2% on Thursday, a day after Federal Reserve cut interest rates for the first time since 2008.

Ohio Senator Sherrod Brown on Tuesday introduced legislation to curb Wall Street’s longtime and controversial practice of stock buybacks.

Capital One has issued guidelines on how to determine if your credit card account was affected by the data breach involving more than 100 million people and steps you can take to shore up security.