Latest Steven Mnuchin News
Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt said he’s putting together a consortium to purchase TikTok’s U.S. business, adding to the number of investors hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or...
Mnuchin’s interest in TikTok and distressed NY bank echoes his pre-Trump investment playbook
NEW YORK (AP) — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that pumped $1 billion into a beaten-down bank. But it all actually fits in with the complicated career of Steven Mnuchin. The man who...
Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok
Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake. During an interview on CNBC’s “Squawk...
Embattled New York Community Bancorp gets $1 billion cash infusion, adds Steven Mnuchin to its board
NEW YORK (AP) — Embattled New York Community Bancorp announced a lifeline of more than $1 billion from a group of investors on Wednesday, after seeing its stock plunge by more than 80% this year. The announcement sent shares of the bank, which has been hammered by weakness in...
How major US stock indexes fared Wednesday, 3/6/2024
Stocks recovered some of their losses from the day before, which was Wall Street’s worst in three weeks. The S&P 500 rose 0.5% Wednesday. The Dow added 0.2%, and the Nasdaq climbed 0.6%. Treasury yields edged lower after Federal Reserve Chair Jerome Powell said...
