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Trump Administration Pitches $850-Billion Coronavirus Stimulus Package
Tuesday, March 17, 2020 - 11:49am | 280U.S. Treasury Secretary Steven Mnuchin will ask Senate Republicans for an $850-billion stimulus package on Tuesday intended to tackle the economic impact of the coronavirus pandemic, The Wall Street Journal reported, citing two people familiar with the matter. This plan includes ...
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US To Impose 'Significant New Requirements' On Cryptocurrencies, Warns Mnuchin
Thursday, February 13, 2020 - 5:20am | 458The United States Secretary of the Treasury Steven Mnuchin on Wednesday told the Congress that the department is bringing in "significant new requirements" for cryptocurrencies. What Happened "[We] are spending a lot of time on [cryptocurrencies,] both [on an] inter agency basis and...
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Mnuchin Talks Closing Of 'Phase One' Deal With China, Looks Forward To 'Phase Two'
Wednesday, January 15, 2020 - 10:54am | 358Treasury Secretary Steven Mnuchin was a guest on CNBC's "Squawk Box" segment Wednesday ahead of a signing ceremony with Chinese officials to close the the "Phase One" trade deal. Mnuchin Says Trade Deal Historic The deal marks the first time the U.S. has struck an...
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Mnuchin Talks China, USMCA: 'We Look Forward To All These Year-End Wins'
Thursday, December 19, 2019 - 4:31pm | 485Treasury Secretary Steven Mnuchin was a guest on CNBC Thursday to discuss the USMCA and Chinese trade deals. Mnuchin Says USMCA Should Spur GDP Growth The USMCA trade deal will replace the NAFTA agreement, and once enacted will contribute an incremental 50 basis points of GDP growth, Mnuchin...
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Feds Sanction Russian Hacker Group Called 'Evil Corp' Following $100M Hack
Thursday, December 5, 2019 - 12:31pm | 436The U.S. government on Thursday announced sanctions on a Russian hacking group called Evil Corp, and announced a reward for the capture of its leader in connection with the distribution of malware that hit banks around the world in a $100 million theft. What To Know About Evil Corp The Treasury...
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Monday's Market Minute: Mnuchin Says Trade Talks Are Steady As They Go...
Monday, November 18, 2019 - 10:21am | 347With the stock index futures ready to begin the day on new all-time highs, the focus this week will be on trade, FOMC minutes Wednesday, some of the ecodata that’s headed our way, and rates. Optimism continues to surround trade talks, but keep in mind we have a December 15th deadline looming...
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Stocks Rise Following Trade War Developments; US Delays Tariff Hike
Thursday, September 12, 2019 - 10:18am | 673Stocks were trading higher Thursday after President Donald Trump tweeted that he will delay an upcoming tariff hike on $250 billion in Chinese imports by two weeks. Tariffs Delayed On Wednesday evening after the market close, Trump tweeted that a tariff hike from 25% to 30% on Chinese imports will...
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Analyst Raises Fannie Mae Price Target Following Mnuchin Comments
Wednesday, September 11, 2019 - 3:07pm | 670Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are having another big day on Wednesday after investors got some much-needed clarification following last week’s release of a somewhat lackluster Trump administration housing reform plan. Shares...
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Expert: Unclear Who Will Buy 50-, 100-Year US Notes
Thursday, August 29, 2019 - 11:27am | 367Treasury Secretary Steven Mnuchin said during a Bloomberg News interview Wednesday that the government is exploring the creation of a long-term 50-year or 100-year bond. What Happened Conversations related to the creation of a 50-year or 100-year note comes at a time when existing U.S. debt is...
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Mnuchin Defends DOJ Antitrust Probe, Confirms Trip To China
Wednesday, July 24, 2019 - 10:20am | 345The U.S. Department of Justice is "absolutely right" to initiated investigations into big tech companies, U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Wednesday. 'No Question' The Department of Justice confirmed it will undertake a wide waging review of big tech...
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Mnuchin Says Markets Shouldn't Be 'Concerned' With Debt Ceiling
Thursday, July 18, 2019 - 9:14am | 319U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Thursday that under "the most conservative" scenario there may be a chance the federal government has a cash flow "issue" in early September. What Happened In the event the U.S. government runs out of cash in...
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'Not A Lot Of Love' For Libra As Facebook Pitches Digital Currency In Washington
Tuesday, July 16, 2019 - 1:15pm | 483Treasury Secretary Steven Mnuchin publicly commented Monday on Facebook, Inc. (NASDAQ: FB)'s digital currency Libra and said it is "indeed a national security issue." On Tuesday, Facebook's David Marcus testified before the Senate Banking Committee. No Love From Washington...
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Mnuchin: Treasury Concerned About Facebook's Libra Plans
Monday, July 15, 2019 - 2:57pm | 323Treasury Secretary Steven Mnuchin on Monday expressed concerns about Facebook, Inc (NASDAQ: FB)’s proposed new digital currency Libra. Mnuchin said the potential exists for the planned digital currency to be misused, and that could present a national security issue. Facebook announced earlier...
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Will The Bear Market Continue In 2019? The Street Debates What's Next
Monday, December 24, 2018 - 2:54pm | 697The Dow Jones Industrial Average recorded last week its worst weekly performance in a decade, and the Christmas Eve trading session saw the worst-ever performance for the day. Will the sell-off carry over into 2019? BofA: 6 More Months Of Selling Bank of America Merrill Lynch chief equity...
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Coal For Christmas On Wall Street: S&P 500 Enters Bear Territory
Monday, December 24, 2018 - 2:24pm | 373After a weekend of market-rattling statements by President Donald Trump and Treasury Secretary Steven Mnuchin and the beginning of a federal government shutdown, the S&P 500 ended an abbreviated Christmas Eve trading session in bear market territory. The index was down 2.71 percent at 2,351.10...