Economy

The headquarters of Fannie Mae are seen October 21, 2010 in Washington, DC. The Federal Housing Finance Agency announced today that U.S.-backed mortgage firms Fannie Mae and Freddie Mac, which have already required $148 billion in bailouts, may now need up to $363 billion in taxpayer-funded Treasury Department aid under …

Fannie and Freddie Shares Soar on Hopes of Hedge Fund Windfall

Some of the hedge funds that long ago made bets on the recovery of Fannie Mae and Freddie Mac have greatly benefited in the first few weeks of 2019 as a Trump appointee ascended to become the acting chief of the regulator in control of mortgage giants.

The U.S. Supreme Court is seen at dusk February 13, 2016 in Washington, DC. Supreme Court Justice Antonin Scalia was at a Texas Ranch Saturday morning when he died at the age of 79. (Photo by Drew Angerer/Getty Images)

Supreme Court Declines Case on Whether Dodd-Frank’s CFPB Is Unconstitutional

The Supreme Court on Monday denied review of a major challenge to the constitutionality of the CFPB and Dodd-Frank, resulting from the understandable recusal of Justice Brett Kavanaugh, who was still a judge on the federal appeals court handling the case on its way to the justices when the case was pending before that court.

Tesla CEO Elon Musk is puzzled

Elon Musk Ends Popular Tesla Customer Referral Plan

Tesla CEO Elon Musk revealed via Twitter today that the electric car manufacturer would be ending its popular customer referral program soon, stating that the program proved too costly.