Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday.
Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday.
Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed still needs to be careful with rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday.
The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.
* Berkshire says economic conditions weigh on consumer. * Operating profit rises 18% * Buybacks resume in Q1 after nearly two-year absence. By Jonathan Stempel. Berkshire Hathaway (BRK/A) on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses.
UK goods exports to the US have fallen sharply since President Donald Trump's "liberation day" tariffs, dropping about 25% and remaining subdued, Bloomberg reported on Friday, citing official data. Exports excluding precious metals declined by 1.5 billion pounds, or 24.7%, according to the Office for National Statistics, with car shipments also slipping below pre-tariff levels over the past year.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to American Steamship Owners Mutual Protection and Indemnity Association, Inc.. The outlook assigned to these Credit Ratings is stable.
RBC Capital Markets in its CAD Weekly Soundbites note on Friday said an "event-rich" week "largely came as expected", with a "steady fiscal profile", the Bank of Canada delivering a "modestly hawkish hold" and first-quarter GDP "continuing to track above potential". The bank said the BoC's hawkish tilt reinforces its view for a gradual decline in USD/CAD in the long term.
National Bank of Canada on Friday raised maintained its sector-perform rating on the shares of Real Matters (RLLMF) while raising its price target to $7.50 from $7.00 after the company swung to consolidated net income in its fiscal second quarter. The analysts said the company continues to add clients in its U.S. Title business, many of them coming from its large U.S. Appraisals customer base.
The Toronto Stock Exchange closed lower Friday following a day-prior surge that recovered all of the losses made over the prior five sessions, as U.S. President Donald Trump said he will lift the tariffs charged on cars and trucks from the European Union next week to 25%, potentially adding more pressures on a global economy already struggling with the fallout from the Middle East war.
S&P: * S&P: QATAR RATINGS AFFIRMED AT 'AA/A-1+'; OUTLOOK STABLE. * S&P: FORECAST THAT QATAR'S ECONOMY WILL CONTRACT BY 5% IN REAL TERMS IN 2026. * S&P ON QATAR: DROP IN LNG PRODUCTION DUE TO DAMAGE TO INFRASTRUCTURE AT RAS LAFFAN INDUSTRIAL CITY WILL LIKELY TAKE FEW YEARS TO REVERSE. * S&P: PROLONGED EFFECTIVE BLOCKAGE OF HORMUZ COULD STRAIN QATAR'S FISCAL AND EXTERNAL POSITION INTO 2027.
Financial stocks were softer in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each down about 0.2%. The Philadelphia Housing Index was shedding 1.2%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1% Bitcoin advanced 2.8% to $78,463, and the yield for 10-year US Treasuries decreased 1.2 basis points to 4.378%....
Scotiabank said it is doubling down on its forecast for the Bank of Canada to begin tightening monetary policy over the second half of the year, citing rising inflation risks and stronger economic drivers. From 2.25% at present, the bank said it thinks the policy rate will rise to 3% by year-end. Scotiabank Economics has forecast hikes by the end of 2026 since last November.
National Bank of Canada on Friday raised its price target on the shares of Agnico Eagle Mines (AEM) from $345 to $350 while its outperform rating was maintained following the company's first-quarter results.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? of Progressive, the parent holding company, and all of the Long-Term Issue Credit Ratings of Progressive?s senior unsecured issuances.
* Trump rejects Iran's latest proposal, Iran open to talks if US changes stance. * Fed signals less easing bias, some officials warn of possible rate hikes amid oil shock. * Market focus shifts to April jobs data and Treasury's updated funding estimates. By Karen Brettell.
* Canadian dollar eases 0.1% against the greenback. * For the week, loonie advances 0.6% * Manufacturing PMI rises to 53.3 in April. * Bond yields ease across the curve. By Fergal Smith.
Brightline Florida's financial statements for 2024 and 2025 by Ernst & Young LLP, filed Thursday on the Electronic Municipal Market Access website, warn that the company lacks the cash to cover pending debt payments
By harmonizing its gift rule with FINRA's amended gift rule, the MSRB "aims for consistency in the application of MSRB and FINRA rules among dealers that are FINRA members," the MSRB's Ernesto Lanza said.?
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector SPDR ETF eased 0.2% Bitcoin advanced 2.5% to $78,207, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.3...
Gold edged higher midafternoon Friday but remained rangebound, even as the dollar and treasury yields rose while traders turn to bonds and also while the Iran War pushes up oil prices and boosts inflation and threatens higher interest rates. Gold for June delivery was last seen up US$12.80 to US$4,642.40 per ounce.
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector SPDR ETF eased 0.2% Bitcoin advanced 2.5% to $78,207, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.3...
NEW YORK CITY, NY / ACCESS Newswire / May 1, 2026 / SMX is redefining the role of trust in global commerce-moving it from a matter of belief to something that can be proven at the material level. Across industries, trust has traditionally been built on documentation: certificates, serial numbers, supplier declarations, and paper trails.
The US manufacturing sector saw continued growth in April, though inflationary pressures intensified amid disruptions caused by the Middle East conflict, two surveys showed Friday. The Institute for Supply Management's purchasing managers' index remained unchanged sequentially at 52.7 last month.
Three Federal Reserve officials who wanted language changes in the April monetary policy statement said Friday that risks to inflation and employment didn't warrant an inclusion of the so-called easing bias. The Federal Open Market Committee kept its benchmark lending rate steady on Wednesday, saying the Middle East conflict is fueling uncertainty around the US economic outlook.
* Manufacturing PMI unchanged at 52.7 in April. * Measure of prices paid for inputs jumps to four-year high. * Geopolitical concerns dominate comments from manufacturers; tariffs still an issue. By Lucia Mutikani.
Major European stock markets were closed for May Day Friday, except for the FTSE 100, which was edging 0.1% lower. In the UK, the seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index rose to 53.7 in April, which is its highest reading since May 2022.
National Bank of Canada on Thursday downgraded Arizona Metals' (AZMCF) rating to sector perform from outperform while its price target was reduced to C$0.25 from $0.90. The changes were based on 0.4x asset NAVPS plus corporate adjustments, the bank said. Arizona Metals (AZMCF) recently announced the results of a preliminary economic assessment on its Kay project in Arizona.
The Institute for Supply Management's US manufacturing index was unchanged in April from the 52.7 reading in March, below the expectations for a 53.2 reading in a survey compiled by Bloomberg as of 7:40 am ET. There were gains in the readings for new orders and prices, but declines in production, employment and order backlogs.
* Brent prices headed for a weekly gain. * Gold may stay under pressure as inflation concerns linger, analyst says. * Iran sends proposal for negotiations to mediator Pakistan. By Anjana Anil. Gold fell on Friday and was headed for a weekly loss as inflation concerns reinforced higher-for-longer rate expectations, with oil prices holding near $110 a barrel.
U.S. manufacturing activity held steady in April, but supplier delivery performance worsened as the war in the Middle East disrupted shipping in the Strait of Hormuz, boosting prices for raw materials and other inputs to a four-year high.
Federal Reserve Bank of Dallas President Lorie Logan said on Friday uncertainty over the outlook and ongoing concerns about inflation means the central bank should not be sending signals that the next policy move will be a rate cut. "When the FOMC gives forward guidance, it is important for that guidance to reflect the policy outlook.
Federal Reserve Bank of Dallas President Lorie Logan said on Friday uncertainty over the outlook and ongoing concerns about inflation means the central bank should not be sending signals that the next policy move will be a rate cut. "When the FOMC gives forward guidance, it is important for that guidance to reflect the policy outlook.
U.S. manufacturing activity held steady in April, but supplier delivery performance worsened as the Middle East conflict disrupted shipping in the Strait of Hormuz, boosting prices for raw materials and other inputs to a four-year high.
New Orders Growing; Production Growing; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Imports Growing; Exports Contracting TEMPE, Ariz. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management?? Manufacturing Business Survey Committee.
Federal Reserve officials who dissented against this week's policy statement said on Friday the developing oil price shock from the war in Iran means the U.S. central bank should be clear it can no longer lean towards interest rate cuts, with a rise in borrowing costs possible in the future.
The department has hit its $30 billion limit on transportation private activity bonds and there's a large pipeline of public-private partnerships across the country.
Canada's manufacturing sector expanded in April at the fastest pace in nearly four years as the war in the Middle East spurred stock building and added to inflation pressures, data showed on Friday. The ?S&P Global Canada Manufacturing Purchasing Managers' Index rose to 53.3 last month from 50.0 in March, marking the highest level since June 2022.
Gold edged lower early Friday, albeit it remained rangebound, even with a weakening dollar as treasury yields rose while traders turn to bonds and also while the Iran War pushes up oil prices and boosts inflation and threatens higher interest rates. Gold for June delivery was last seen down $20.20 to US$4,609.40 per ounce.
Federal Reserve officials who dissented against this week's policy statement said on Friday the developing oil price shock from the war in Iran means the U.S. central bank should be clear it can no longer lean towards interest rate cuts, with a rise in borrowing costs possible in the future.
Federal Reserve Bank of Cleveland President Beth Hammack said Friday she dissented against the central bank holding on to an easing bias this week due to uncertainty around the economic and inflation outlooks. "Uncertainty around the economic outlook has increased in 2026 and makes the future path for monetary policy more uncertain," Hammack said in a statement.
With enrollment and funding not keeping pace with rising costs, public education is feeling rating pressure at both the K-12 and higher education levels.
Federal Reserve Bank of Cleveland President Beth Hammack said Friday she dissented against the central bank holding on to an easing bias this week due to uncertainty around the economic and inflation outlooks. "Uncertainty around the economic outlook has increased in 2026 and makes the future path for monetary policy more uncertain," Hammack said in a statement.
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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