What Trump’s push into mortgage bonds could mean for income investors

What Trump’s push into mortgage bonds could mean for income investors

President Donald Trump ‘s push into mortgage bonds is good news for investors holding the assets, according to fixed income strategists. Earlier this month, the president directed Fannie Mae and Freddie Mac to purchase up to $200 billion in agency mortgage-backed securities, claiming the move would bring down mortgage rates. Investors immediately reacted to the…

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Starbucks to close stores, lay off workers in  billion restructuring

Starbucks to close stores, lay off workers in $1 billion restructuring

Starbucks announced a $1 billion restructuring plan Thursday that involves closing some of its North American coffeehouses and laying off more workers as it moves ahead with its “Back to Starbucks” transformation under CEO Brian Niccol. The number of company-operated stores in North America will decline by about 1% in fiscal year 2025, accounting for…

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