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  • Stock market news live updates: Stocks rise, S&P 500 and Nasdaq set record highs
    Business
    Yahoo Finance

    Stock market news live updates: Stocks rise, S&P 500 and Nasdaq set record highs

    Stocks rose to record levels Thursday as investors digested another batch of key economic data.

  • Fannie-Freddie Shock Is Latest Blow to Funds in Doomed Trade
    Business
    Bloomberg

    Fannie-Freddie Shock Is Latest Blow to Funds in Doomed Trade

    (Bloomberg) -- A plunge in Fannie Mae and Freddie Mac shares after a Supreme Court ruling marked one of the biggest setbacks yet in a disappointing decade for funds that wagered that these entities would one day exit federal control.Capital Group, Fairholme Capital Management, Paulson & Co., Blackstone Group Inc.’s credit unit, Discovery Capital Management and Pershing Square are among investors that have bet on a massive jump in value for the government-sponsored enterprises.Those wagers went s

  • Business
    Yahoo Finance Video

    The Fed’s hawkish stance ‘the start of something bigger'

    Morgan Stanley Investment Management Fixed Income Portfolio, Jim Caron, joins Yahoo Finance to discuss what to expect in the market as the Fed continues to decide on the policy they need to enact in order to fight inflation concerns.

  • Hong Kong Raises U.K. Risk Level; Tokyo Cases Up: Virus Update
    News
    Bloomberg

    Hong Kong Raises U.K. Risk Level; Tokyo Cases Up: Virus Update

    (Bloomberg) -- Coronavirus cases in Tokyo are edging up with less than a month to go to the Olympic games. The Japanese capital has emerged from a state of emergency, but still has some restrictions in place, mainly on restaurants and bars.Israel, one of the early pioneers in vaccination, is delaying its reopening for tourists and is poised to reverse an easing of mask rules after a surge in cases. Hungary, also among the initial front-runners in inoculations, is still embracing a return toward