- MFS Investment Management, the Boston-based asset manager that unveiled the world's first open-ended mutual fund a century ago, is making a foray into exchange-traded funds with the launch of five ETFs on Thursday. Three of the ETFs are tied to the stock market, while the other two offer core bond and municipal bond exposure, respectively, the firm said in a press release.
Genesis Energy, L.P. (GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.000% senior notes due 2033.
MFS Investment Management, the Boston-based asset manager that unveiled the world's first open-ended mutual fund a century ago, is making a foray into exchange-traded funds with the launch of five ETFs on Thursday. Three of the ETFs are tied to the stock market, while the other two offer core bond and municipal bond exposure, respectively, the firm said in a press release.
- A look at the day ahead in Asian markets. India's central bank interest rate decision grabs the spotlight in Asia on Friday, as investors digest yet another record high for the Nasdaq and adjust positions ahead of the weekend.
A look at the day ahead in Asian markets. India's central bank interest rate decision grabs the spotlight in Asia on Friday, as investors digest yet another record high for the Nasdaq and adjust positions ahead of the weekend.
Image: OZ8_1496. St.LouisCIO, chapter of the Inspire Leadership Network, announced the winners of its 2024 ORBIE? Awards. ?Great CIOs know technology moves fast, and connected leaders move faster, which makes the ORBIE? Awards significant,? said Jennifer Walton, St.LouisCIO Chair.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
* Bitcoin crosses $100,000 but pulls back slightly. * World stocks hold near record highs. * French government collapses, euro holds up. * Dollar dips, Treasury yields steady. By Lawrence Delevingne, Dhara Ranasinghe.
Federal authorities, in conjunction with the White Lake Township Police Department, are investigating the matter, said Daniel Keller, chief of police, in a statement.
* Synopsys (SNPS) falls after forecasting FY25 revenue below estimates. * Focus on Friday's payrolls data. By Caroline Valetkevitch. U.S. stocks ended down slightly on Thursday, with UnitedHealth (UNH) down sharply and technology shares easing as investors awaited Friday's jobs report.
U.S. Treasury yields were mixed on Thursday, with those on the front end of the curve trading higher, as investors looked ahead to Friday's nonfarm payrolls report that could help determine the pace of the Federal Reserve's current easing cycle.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Independent Mutual Fire Insurance Company. The Credit Ratings reflect IMFCO?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
KBRA assigns a long-term rating of AAA to the Dormitory Authority of the State of New York State Sales Tax Revenue Bonds, Series 2024B-1, Series 2024B-2, and Series 2024C. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Annual benchmark revisions to U.S. nonfarm payrolls are likely to show the economy added about 668,000 fewer jobs in the 12 months through March, instead of the initially estimated 818,000, updated data suggested on Thursday.
Annual benchmark revisions to U.S. nonfarm payrolls are likely to show the economy added about 668,000 fewer jobs in the 12 months through March, instead of the initially estimated 818,000, updated data suggested on Thursday.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb? from ?a-? of PacificSource Health Plans, a subsidiary of Pacific Source Health Group. The ratings reflect PHG?s balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Brazil's trade surplus undershot expectations in November, marking the latest annual decline as strong economic activity has demanded more imports, government data showed on Thursday. Latin America's largest economy posted a $7.0 billion surplus for the month, below the $7.8 billion forecast in a Reuters poll and marking a 20% drop from November last year.
* Canadian dollar gains 0.2% against the greenback. * Trade deficit narrows in October. * Price of oil decreases 0.4% * Bond yields edge lower across the curve. By Fergal Smith.
The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
- Import tariffs during President-elect Donald Trump's first term broadly lowered stock values on the day they were unveiled, and were associated with lower future profits, sales and employment for the firms whose equity prices were hit the hardest, new analysis by Federal Reserve Bank of New York staff concluded.
* Stocks of firms exposed to China were hit hardest. * Profits, jobs, also appeared to be lower over time. * Powell says too much unknown to anticipate impact this time. By Howard Schneider.
Traders are laser-focused on November's jobs data, slated for release this Friday, as one of the last pivotal data points ? along with next week's inflation report ? that could shape the Federal Reserve?s decision on a potential rate cut at its Dec. 18 meeting. With market odds sitting at about a 70% chance for a 25-basis-point reduction, the stakes are high.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.69 percent. ?This week, mortgage rates decreased to their lowest level in over a month,? said Sam Khater, Freddie Mac?s Chief Economist.
* Bitcoin surges to fresh milestone. * World stocks hold near record highs. * French government collapses, euro holds up. * Dollar dips, Treasury yields steady. By Lawrence Delevingne and Dhara Ranasinghe.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the property/casualty subsidiaries of CNA Financial Corporation (CNA) [NYSE: CNA], collectively known as CNA Insurance Companies and the members of Western Surety Group.
U.S. Treasury yields were higher on Thursday morning as investors digested slightly higher jobless claims data ahead of the more significant nonfarm payrolls data expected on Friday.
U.S. Treasury yields were higher on Thursday morning as investors digested slightly higher jobless claims data ahead of the more significant nonfarm payrolls data expected on Friday.
AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc. These companies are domiciled in Puerto Rico and collectively are referred to as Humana Health of Puerto Rico Group.
* Weekly jobless claims increase 9,000 to 224,000. * Continuing claims drop 25,000 to 1.871 million. * Trade deficit narrows 11.9% to $73.8 billion. * Trade on track to add to GDP, but tariffs pose threat. By Lucia Mutikani.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of ZEP-RE. The ratings reflect ZEP-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
KBRA releases the November 2024 issue of CMBS Trend Watch. CMBS new issuance continued at a steady pace in November and is on track to pierce $100 billion, a level only experienced once since the global financial crisis. In November, KBRA published pre-sales for three deals including two conduits and one Agency.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Family Guardian Insurance Company Limited. The ratings reflect Family Guardian?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb?, and the Vietnam National Scale Rating of aaa.VN of Petrolimex Insurance Corporation. The ratings reflect PJICO?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
South Africa's rand strengthened on Thursday on expectations of an interest rate cut by the U.S. Federal Reserve later this month. At 1513 GMT, the rand traded at 18.05 against the dollar, about 0.7% stronger than its previous close. The dollar index was last down 0.4% against a basket of currencies.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
"I'm going to call her the GOAT because she opened doors for women," a county commissioner said of Catherine McClary, a co-founder of Michigan Women in Finance, who died Monday.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group.
The Egyptian pound weakened to close at 50.0024 to the dollar on Thursday, having breached the 50 pound psychological barrier for the first time since March, Egypt's central bank said.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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