Op-Ed: Here’s the danger in Fed jawboning about the US mortgage market

Federal Reserve Governor Jerome Powell did it today. Alan Greenspan did it when he was Chairman. Jawboning about Fannie Mae and Freddie Mac. As the Federal Reserve begins to raise short term rates, longer term rates have remained stubbornly low. The yield curve (the...

Fed’s Yellen to deliver second day of testimony on July 13

Federal Reserve Chair Janet Yellen will deliver a second day of testimony on the U.S. central bank’s semiannual report on monetary policy and the economy on July 13, a Senate committee announced on Thursday. Yellen will testify at 10 a.m. (1400 GMT), the Senate...

Nvidia turnaround? One trader’s clever play on the volatile semiconductor stock

One of hottest stocks over the past year has come off of all-time highs, but Todd Gordon of TradingAnalysis.com says the charts make a compelling case for buying on the pullback. As of Thursday, Nvidia was down 15 percent from the intraday all-time high that it hit on...

Shkreli kept hedge-fund investor in dark about botched trade, misled him about auditors: testimony

A well-known biotech investor testified Thursday that “pharma bro” Martin Shkreli never told him about a disastrous short trade in February 2011 that allegedly left Shkreli’s hedge fund tapped out of its assets. The investor, Dr. Lindsay Rosenwald,...