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Victor Reklaitis is a Washington Correspondent for MarketWatch. During his time at MarketWatch, he also has served in roles in the London and New York newsrooms. Prior to joining MarketWatch, he worked at Investor’s Business Daily and for newspapers in Virginia.
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Investors in mortgage-finance giants Fannie Mae and Freddie Mac have watched those stocks more than double in 2024 amid hopes that President-elect Donald Trump would end the federal government’s conservatorship of the companies when he assumes office.
Fannie FNMA and Freddie FMCC shares rose about 6% on Tuesday after a series of reports that reflected the Republican party’s desire to return Fannie and Freddie to the private sector. The companies are not listed and only trade over-the-counter.
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Broadcom Inc.’s commentary about the potential of artificial intelligence over the next three years had investors bidding up other stocks across the technology sector — but not shares of Nvidia Corp. or Advanced Micro Devices Inc.
While Broadcom shares AVGO had a record one-day rally, rising more than 24%, and the PHLX Semiconductor Index SOX gained 3.4%, shares of Nvidia NVDA and AMD AMD were both down and were the two biggest laggards in that chip index. Nvidia’s stock fell 2.3% and AMD’s lost 2.8%.
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Hannah Erin Lang is a personal finance reporter for MarketWatch, based in New York. Previously, she covered banking and finance for The Charlotte Observer in her home state of North Carolina. She graduated from UNC-Chapel Hill with a degree in business journalism and grew up in the same town as her alma mater.
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With the exception of Netflix, streaming services are mostly taking December off.
That should be good news for consumers, who can cut back on their streaming spending this holiday shopping season. It’s also a good time to catch up on shows that slipped through the cracks during the year, or to take a break from reality and unleash your imagination through a classic escapist series (more on that later).
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Beth Pinsker is a financial-planning columnist at MarketWatch. She has been a certified financial planner (CFP®) since 2018. Previously, she was a personal finance columnist and editor at Reuters, an editorial director at Fidelity and editor-in-chief ofWalletpop.com. Prior to covering personal finance, she was a film critic and entertainment business reporter, writing for Entertainment Weekly, The Dallas Morning News and many more publications. You can follow heron Twitter @bethpinsker.