Even before the Federal Open Market Committee’s short-term rate hike yesterday, the 10-year Treasury yield, a benchmark for setting mortgage rates, had been climbing to peaks not seen in years. Processing Content Still those yields started easing on Thursday morning after an initial negative reaction to the 25 basis point fed funds rate hike and […]
Mortgage rates near 7% but expected to ease by December Read More »
Key takeaway: The Securities and Exchange Commission is proposing to repeal Rule 14a-8, which allows investors to raise concerns with companies through shareholder proposals. Expert quote: “Rescinding Rule 14a-8 will increase instability and costs for both companies and investors and further weaken American capital markets and the foundations that uphold them.” — Andrew Collier, senior
SEC eyes repeal of rule allowing shareholder proposals Read More »
Key insight: Brian Johnson, President Donald Trump’s pick to lead the Consumer Financial Protection Bureau, has been criticized by Senate Democrats for his close links to regulated firms. Forward look: Johnson will likely be approved by the full Senate on a party-line vote. What’s at stake: Johnson will lead the agency at a time when
CFPB director-designate Brian Johnson clears Senate Banking Read More »