Latest in Fannie, Freddie stocks on the rise as GOP takeover boosts privatization hopes
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Morning Report — Hegseth, Gabbard face uphill climb with Senate GOP
In today’s issue: Key nominees to President-elect Trump’s Cabinet are on shaky ground, as senators appear increasingly skeptical of their backgrounds — and aptitude to lead federal agencies. ...The Hill - Dec. 4 -
Gabbard seen as tough lift for Trump in Senate GOP
Former Rep. Tulsi Gabbard (Hawaii) is emerging as a tough confirmation lift for President-elect Trump, even as other nominees such as Pete Hegseth, Trump’s pick for the Pentagon, run into serious ...The Hill - Dec. 4 -
GOP’s ambitious budget plan faces internal divisions
Republican senators warn incoming Senate Majority Leader John Thune’s (R-S.D.) ambitious proposal to tackle President-elect Trump’s agenda faces an array of disagreements within their party over ...The Hill - Dec. 4 -
Top House GOP super PAC taps new president
Chris Winkelman, the current executive director of the House GOP campaign committee, will lead the super PAC.Politico - Dec. 4 -
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Centrica Delays Nuclear Plants Closure, Boosts Output Forecasts
The British Gas owner said two of the power stations are now expected to generate electricity until March 2027, one year later than previously expected.The Wall Street Journal - Dec. 4 -
Why Brussels hopes cracking down on China will also save EU industry
Also in this newsletter: Is EU drug policy fair to poorer states?Financial Times - Dec. 4 -
Cooper Flagg Is on a Different Level. But the Competition Is Rising.
The Duke basketball phenom remains at the head of the class, but a flashy point guard from B.Y.U. is gaining attention.The New York Times - Dec. 4 -
Miami's playoff hopes nosedive as Alabama rises in the latest College Football Playoff rankings
Miami’s playoff hopes took a nosedive while Alabama’s got a boost in the last rankings before the College Football Playoff bracket is set next weekendABC News - Dec. 3 -
Marvell’s stock rises on strong AI demand, but this trend may be just as big
Marvell’s results signal a gradually healthier business that’s about more than just the AI boom.MarketWatch - Dec. 4 -
Some GOP senators seem tepid on Hegseth nomination as allegations pile up
The concern could put another one of President-elect Donald Trump's Cabinet picks at risk of falling short of the support needed for confirmation.CBS News - Dec. 3 -
Western businesses in China hold on to hopes for Trump 2.0
Some believe the incoming US president is in a strong position to negotiate a trade deal with BeijingFinancial Times - Dec. 4 -
BlackRock Acquires HPS, a Major Lender of Private Credit
The world’s largest investor is buying HPS, a major provider of private credit, for $12 billion.The New York Times - Dec. 3 -
Hegseth faces growing GOP scrutiny as allegations mount
Pete Hegseth, President-elect Trump's embattled pick for Defense secretary, faced growing scrutiny from Republican senators Tuesday after a new set of revelations over the weekend involving ...The Hill - Dec. 3 -
Dak Prescott shares his hope for Mike McCarthy’s Cowboys future
"[I’m] almost feeling helpless like I can’t help him in this situation, especially a guy you believe in so much and you believe in being your head coach,” Prescott told Yahoo Sports.Yahoo Sports - Dec. 3 -
Citigroup’s stock beckons with potential Trump tariff boost and cheap valuation: analyst
President-elect Donald Trump’s potential tariffs may result in more business for the bank as clients re-evaluate trading partners and supply chains.MarketWatch - Dec. 3 -
How Private Funds Could Hurt Americans Under Trump
The fund managers who backed Donald Trump’s candidacy have welcomed his victory with calls for new directions in policy.The New York Times - Dec. 3 -
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This Giving Tuesday, Workplace Giving Could Be Getting a Boost
Celebrated the Tuesday after Thanksgiving, Giving Tuesday offers companies a chance to give back. Here’s a look at the state of workplace giving in 2024.Inc. - Dec. 3 -
Here’s how investors will be affected by BlackRock’s $12 billion purchase of private-credit provider HPS
In a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.MarketWatch - Dec. 3 -
How a gold investment could boost your portfolio in 2025
Gold can be a valuable asset to add to your portfolio ahead of the new year. Here's why.CBS News - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
Greece hopeful of deal on Parthenon Sculptures as Starmer meets Mitsotakis
Downing Street reiterates that UK prime minister will not stand in way of deal between Athens and British MuseumFinancial Times - Dec. 3 -
Senate Democrats hold leadership elections with GOP set to take control
Senate Democrats are meeting Tuesday morning to elect their leadership for the next two years, after Republicans flipped the chamber in the 2024 elections.CBS News - Dec. 3 -
GOP insiders sought Hegseth's removal as leader of veterans' group in 2016
A Trump loyalist is at the center of new allegations facing Pete Hegseth, Donald Trump's pick for defense secretary.CBS News - Dec. 3 -
Is the Stock Market Bubble About to Pop?
Investor euphoria is soaring, but strategists remain hesitant to call it too frothy.Inc. - Dec. 3 -
Broncos see off Browns to strengthen play-off hopes
Watch highlights as the Denver Broncos come from behind to beat the Cleveland Browns despite Jameis Winston throwing a franchise record 497-yards and four touchdowns.BBC News - Dec. 3 -
DNC hopes to highlight success ahead of post-election meeting
The Democratic National Committee is hoping to highlight down-ballot successes last month as it hosts a key post-election meeting.ABC News - Dec. 3 -
How an American steel takeover became a political firestorm
A Japanese company’s plan to buy US Steel is challenging the country’s long-standing policy towards foreign investmentFinancial Times - Dec. 3 -
Trump vows to block U.S. Steel's takeover by Japan's Nippon Steel
President-elect Donald Trump said he is "totally against" Japan's Nippon Steel buying U.S. Steel.CBS News - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
U.S. Steel shares drop on Trump’s pledge to block Nippon Steel takeover
U.S. Steel Corp. shares fell 7% in Tuesday’s pre-market trading session after President-elect Donald Trump pledged to block Nippon Steel’s plans to acquire the 123-year-old Pittsburgh-headquartered ...MarketWatch - Dec. 3 -
Trump says he will block Japanese firm's takeover of U.S. Steel
President-elect Donald Trump said Monday that he would block a Japanese company’s $15 billion bid to acquire U.S. Steel.NBC News - Dec. 3 -
Rebel offensive boosts Turkey’s influence in Syria
Ankara, long a backer of opposition groups, sees chance to push back Kurdish militants and force Assad to negotiateFinancial Times - Dec. 3 -
Investors call for reform of Scotland’s ‘stamp duty’ to boost investment
Asset managers call for removal of ‘disincentive’ to property spending north of the borderFinancial Times - Dec. 3 -
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
Shares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China.CNBC - Dec. 3 -
Teacher's pay rise simply impossible, says minister
Paul Givan tells assembly members that the teaching unions have asked for a 13.5% rise in 2024-25.BBC News - Dec. 3 -
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Here's what the rise of homeowners associations means for buyers
Homeowners associations, or HOAs, are becoming more common. The biggest complaint among current owners is the cost, report finds.CNBC - Dec. 2