Kenya plans to switch to privatization to stimulate the economy after exhausting fiscal consolidation, its Treasury secretary said https://t.co/o0lIXaxTmO ...

Core Viewpoint - The Trump administration is planning for the initial public offerings (IPOs) of mortgage finance giants Fannie Mae and Freddie Mac later this year, potentially valuing the companies at around $500 billion combined and generating $30 billion for the administration [1]. Group 1: Background and Current Status - Fannie Mae and Freddie Mac have been under federal conservatorship since 2008 due to insolvency during the financial crisis, which was exacerbated by the subprime mortgage meltdown [2][4]. - The exit from conservatorship would represent a significant milestone for these companies, which were established by Congress to support the housing market through affordable mortgage financing [2]. Group 2: Financial Implications and Market Reaction - The companies were bailed out with taxpayer funds, leading to the Treasury receiving preferred shares that have paid billions in dividends over the years [3]. - Recent discussions about privatization have included meetings between Trump and the CEOs of Citigroup and Bank of America, indicating a serious push towards returning these entities to private control [5][6]. - Following the news of potential privatization, shares of Fannie Mae rose by 20% and Freddie Mac increased by 15% [5].

So, let's return now to a story that's causing a lot of waves around Washington at the moment was Tre Secretary Scott Bessent who appeared yesterday at an event in DC. And he said that these socalled Trump accounts that Republicans created in their massive tax and spending bill are actually a quote backdoor for privatizing Social Security. As the New York Times reports, under the law, which President Trump signed on July 4th, American babies born through 2028 are eligible to receive $1,000 from the federal ...

Company Strategy - Portugal plans to sell a 49.9% stake in TAP [1] Industry Trend - This marks another attempt to privatize Europe's largest wholly state-owned airline [1]

Welcome back to Squawking the Street. My next guest runs the largest event-driven hedge fund on Wall Street. And if you've been listening to him over the last couple of years, because he's joined us uh twice.Um well, you would have made some money. He's uh uh Matt Halbar of Pentwater Capital, $7 billion in assets. I'm referring to actually two the two times you've been here, Matt.Once was when we discussed the possibility of the close of the Twitter acquisition. You were very bullish. You were right.It clos ...

what AI companies is doing right now like the foundational companies it's like privatizing the Manhattan project. So imagine that they do build the atomic bomb and now they're sitting in saying h maybe we'll do it nonprofit or maybe they say oh we'll license the atomic bomb. Do you see a government allowing this.Think about that for a second. If you get to AI that cures the worst disease in the world, which actually is worth a lot of money, do you see government leaving this in private hands. No way. ...

Core Points - Ontario Budget 2025 is criticized for prioritizing corporate handouts and deregulation over the needs of workers and public services [2][4][8] - The budget fails to address job losses, with 33,000 manufacturing jobs lost recently, and lacks guarantees for job security or decent wages [3][4] - There is a projected $14.6 billion deficit for 2025-26, with overly optimistic forecasts for a surplus in 2026-27, raising concerns about economic stability [9] Summary by Category Economic Impact - The budget does not provide a serious plan to make life more affordable or secure for Ontarians, focusing instead on a narrow surplus projection based on optimistic forecasts [9] - The government is allocating billions into a contingency fund without targeted investments in job creation, risking community welfare amid low economic growth and high unemployment [7] Public Services - Key sectors such as health care, child care, and public education remain underfunded, which undermines community well-being and economic competitiveness [4][6] - There are no new investments in essential public infrastructure like hospitals and schools, which are critical for supporting stable jobs [6] Labor Concerns - The Ontario Federation of Labour emphasizes that the budget ignores the needs of workers for fair wages and secure jobs, leaving them to bear the brunt of economic challenges [2][4] - The expansion of the Ontario Made Manufacturing Investment Tax Credit lacks job guarantees and wage conditions, raising concerns about its effectiveness [3]