Inaugural Multi-Year Engagement to Expand Originations Capacity and Generate Fee Income Sallie Mae, the leader in private student lending, has announced a multi-year strategic partnership with KKR, a leading global investment firm.
New York Federal Reserve President John Williams reiterated on Wednesday the time is getting closer when the U.S. central bank will have to restart bond purchases as part of a technical effort to maintain control over short-term interest rates.
The end of the longest-ever U.S. government shutdown is in sight, which means official economic data will soon be forthcoming. Some of the delayed figures should begin to trickle out quickly. It will be much longer before the October report lands, however, but when it does, it could be missing one key element: the unemployment rate.
Commercial Metals (CMC) said Wednesday it plans to offer $2 billion worth of new senior unsecured notes. The company said the terms of the offering will be determined at the time of pricing. The company said it plans to use the net proceeds from the offering to fund its acquisition of Foley Products and for general corporate purposes. MT Newswires does not provide investment advice.
Graham Holdings (GHC) said Wednesday it plans to launch a $500 million private offering of senior unsecured notes due 2033. The company said it also intends to amend and restate its revolving credit facility, increasing total commitments to $400 million.
Mexican Central Bank Deputy Governor Omar Mejia expects the next phase of the monetary authority's rate cut cycle to continue gradually, he said in a podcast released by lender Banorte on Wednesday. The central bank, known as Banxico, last week cut the benchmark interest rate by 25 basis points to 7.25%, its lowest since May 2022.
-?A total of 17 abstracts, including three accepted for presentation in the Cosmetic "Top Ten" Session, underscore Allergan Aesthetics' global industry leadership across multiple aesthetic categories -?Oral abstract presentations include Phase 3 clinical study results for first-in-class botulinum neurotoxin serotype E? and results from a Phase 4 study evaluating natural outcomes and patient sat...
The Australian dollar, New Zealand dollar and the Canadian dollar are currencies that perform well in an environment of strong global growth, strong global trade, higher domestic rates and risk-on environment in financial markets, said ABN Amro. This isn't the environment that the bank expects for 2026.
National Bank of Canada (NTIOF) was upgraded to Buy from Hold at Desjardins. Analyst Doug Young raised his price target on shares of the Montreal-based bank to $167 from $149.
* * Dutch pension fund reform, German stimulus, QT in focus. * EU sees increase in international demand for bond sales. By Yoruk Bahceli. Euro zone governments will need to fine-tune their borrowing due to uncertainties facing their bond markets, but strong demand from foreign investors is helping, debt management officials said on Wednesday.
ARLINGTON, Va., Nov. 12, 2025 As policymakers debate the future of central bank independence, bank executives overwhelmingly support preserving the Federal Reserve's autonomy, according to a survey released today by fintech IntraFi. Ninety-five percent of surveyed bankers said maintaining Fed independence in conducting monetary policy is important, with 75% expressing strong support.
SHANGHAI, Nov. 12, 2025 MaxsMaking Inc. (MAMK), a manufacturer of customized consumer?goods?with a focus on advanced technology and innovation, today announced the celebration of its Nasdaq listing with a bell-ringing ceremony held at the Nasdaq Stock Exchange on November 5, 2025.
IRVING, Texas, Nov. 12, 2025 Commercial Metals Company (CMC) announced today that it intends to offer to sell, subject to market and other conditions, $2,000 million in aggregate principal amount of new senior unsecured notes in an offering exempt from the registration requirements of the Securities Act of 1933, as amended. Final terms of the Offering will be determined at the time of pricing.
Graham Holdings Company (GHC) today announced that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of its senior unsecured notes due 2033. Substantially concurrently with the offering of Notes, the Company intends to amend and restate its revolving credit facility, increasing the total commitments by lenders under such facility to $400 million.
XPLR Infrastructure LP (XIFR): * XPLR INFRASTRUCTURE, LP ANNOUNCES THE OFFERING OF $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES. * XPLR Infrastructure LP (XIFR) - XPLR OPCO TO USE FUNDS FOR 2026 NOTES PURCHASE OFFER Source text: Further company coverage:
The US dollar rose against its major trading partners early Wednesday ahead of a busy day of appearances by Federal Reserve officials. New York Fed President John Williams is due to speak at 9:20 am ET, followed by Fed Governor Christopher Waller at 10:20 am ET, Atlanta Fed President Raphael Bostic at 12:15 pm ET and Fed Governor Stephen Miran at 12:30 pm ET.
The U.S. Federal Reserve will again lower its key interest rate by 25 basis points next month to underpin a weakening labor market, according to 80% of economists polled by Reuters, up slightly from a poll taken last month.
European Central Bank President Christine Lagarde is to take over from Federal Reserve chief Jerome Powell as head of two of the Bank for International Settlements' key economic groups, the central bank umbrella body said on Wednesday.
Canada will release building permits for September at 8:30 a.m. ET on Wednesday, said Bank of Montreal. Building permits are expected to step up in September, retracing some of the previous month's dip, noted the bank. The Bank of Canada will release its Summary of Deliberations for its Oct. 29 meeting at 1:30 p.m. ET on Wednesday.
Commerzbank in its "European Sunrise" note of Wednesday highlighted: Markets: United States Treasury yields open lower after the holiday, long-end weakens in Asia. U.S.: White House economic adviser Kevin Hassett says some economic surveys haven't been completed due to the government shutdown. U.S.: President Donald Trump thinks the House will "vote positively" on the shutdown.
EUR/USD has held onto its gains this week -- though that largely looks a function of the slightly softer US dollar, said ING. Tuesday's release of the German ZEW expectations index for November wasn't particularly encouraging, wrote the bank in a note. There is no eurozone data of note on Wednesday and the focus will be on European Central Bank speakers, stated ING.
Nano Labs Ltd (NA), a leading Web 3.0 infrastructure and product solution provider, today announced its decision to prepay all outstanding convertible bonds. In light of heightened and persistent global economic uncertainty and continued fluctuations in digital-asset prices, Nano Labs (NA) has determined that early repayment will help safeguard corporate assets and secure investor interests.
Cogent Biosciences (COGT) said late Tuesday it has priced its public offering of 9.7 million shares at $31 per share and a concurrent $200 million offering of 1.625% convertible senior notes due 2031, for expected combined net proceeds of about $475.3 million. The company said the equity portion was upsized from the previously announced $200 million.
RIYADH, Saudi Arabia, Nov. 12, 2025 The Ministry of Tourism of Saudi Arabia, in partnership with the World Economic Forum, today announced the launch of Beyond Tourism, a new multi-sector initiative aimed at transforming the global tourism industry through coordinated, measurable action in sustainability, inclusion and resilience.
Oil prices fell more than 1% on Wednesday, weighed down by oversupply in the market despite expectations that an end to the longest-ever U.S. government shutdown could boost oil demand. Brent crude futures slipped 88 cents, or 1.35%, to $64.28 a barrel by 1332 GMT after gaining 1.7% on Tuesday.
The European company joins global leaders and experts at the world forum, sharing how its technology contributes to the transition towards a more sustainable energy future DUBAI, UAE, Nov. 12, 2025 /PRNewswire/ -- In November 2025, global leaders will meet in South Africa for the G20 Summit, where one of the key agenda items will be ensuring that the energy transition and sustainable develop...
Euro zone bond yields steadied on Wednesday, drawing some support from a rally in U.S. government debt, after weak jobs data bolstered the case for the Federal Reserve to cut interest rates next month.
* Yen falls to nine-month trough; prompts verbal intervention from officials. * Worries about weakening U.S. labour market resurface. * Traders eye U.S. govt reopening; still betting on Fed cut in December. By Rae Wee and Kevin Buckland.
ECB policymaker Francois Villeroy de Galhau expects an impact of 0.5% on France's gross domestic product from global and domestic uncertainties, he told France's TF1 on Wednesday. Villeroy, who is also the governor of the Bank of France, said uncertainty around the French budget and international trade tensions between the United States and China were among key factors.
* Worries about weakening U.S. labour market resurface. * Traders ramp up bets of Fed cut in December. * Dollar weak, yen slides to nine-month low. By Rae Wee.
* Dollar edges up from more than one-week low. * SPDR Gold Trust holdings rose 0.41% on Tuesday. By Brijesh Patel. Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on expectations of interest rate cuts by the Federal Reserve next month.
Cogent Biosciences, Inc. (COGT), a biotechnology company focused on developing precision therapies for genetically defined diseases, today announced the pricing of its previously announced underwritten public offering of 9,677,420 shares of its common stock at a public offering price of $31.00 per share and its underwritten public offering of $200.0 million aggregate principal amount of its 1.625% con...
* Vietnam aims to finalise trade deal with US amid ongoing negotiations. * Washington seeks to reduce trade deficit with Vietnam, largest after China and Mexico. * Talks focus on tariff exemptions for Vietnamese goods, preferential access for US products. By Khanh Vu and Francesco Guarascio.
A top Australian central banker said on Wednesday that there was increasing debate about whether the current cash rate of 3.6% is restrictive enough to keep inflation in check, adding that the question is critical for the policy outlook.
Vietnam is working to sign a trade agreement with the United States soon, Deputy Prime Minister Bui Thanh Son said on Wednesday, as a new round of negotiations gets underway in Washington.
Oil prices fell more than 1% on Wednesday, weighed down by oversupply in the market despite expectations that an end to the longest-ever U.S. government shutdown could boost oil demand. Brent crude futures slipped 88 cents, or 1.35%, to $64.28 a barrel by 1332 GMT after gaining 1.7% on Tuesday.
Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's biggest crude consuming nation. Brent crude futures slipped 8 cents, or 0.12%, to $65.08 a barrel by 0106 GMT after gaining 1.7% on Tuesday.
U.S. government bonds rallied in early Asia trade on Wednesday after a private survey pointed to weakness in the labour market, raising investor expectations for further interest rate cuts. Benchmark 10-year yields were down 3.1 basis points at 4.0791%, according to data compiled by LSEG. The Treasury market had been closed on Tuesday for Veterans Day.
* Worries about weakening U.S. labour market resurface. * Traders ramp up bets of Fed cut in December. * Dollar weak, yen pinned near nine-month low. By Rae Wee.
KBRA assigns a long-term rating of AAA to the Special Obligation School Financing Bonds, Series 2025, issued by the Virginia Public School Authority on behalf of the County of Hanover, VA. Concurrently, KBRA assigns a AAA rating to outstanding parity obligations.
-U.S. regulators have agreed on the terms to ease a set of capital requirements that could potentially allow banks to hold more Treasuries, Bloomberg News reported on Tuesday, citing people familiar with the matter. Officials from the Federal Reserve and other agencies recently submitted a final plan for a key capital reserve ratio to the White House for review, according to the report.
U.S. regulators have agreed on the terms to ease a set of capital requirements that could potentially allow banks to hold more Treasuries, Bloomberg News reported on Tuesday, citing people familiar with the matter. Officials from the Federal Reserve and other agencies recently submitted a final plan for a key capital reserve ratio to the White House for review, according to the report.
The board of Chile's central bank on Tuesday unanimously voted to maintain its counter-cyclical capital buffer at 0.5% of risk-weighted assets, citing external financial conditions as the main risk driver for the stability of the country's financial system.
The board of Chile's central bank on Tuesday unanimously voted to maintain its counter-cyclical capital buffer at 0.5% of risk-weighted assets. The measure, which requires Chilean banks to set aside a cushion to absorb any potential losses, is meant to boost the economy's resilience in the face of severe stress scenarios.
Also adds Edge & Node, Glide Identity, Networks for Humanity, and OpenZeppelin to member line-up SAN FRANCISCO and SINGAPORE, Nov. 11, 2025 /PRNewswire/ -- Today, Linux Foundation Decentralized Trust, the premier open source foundation for decentralized technology, announced Networks for Humanity and The?Bank of Korea as its latest associate members.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index adding 0.7% and the Financial Select Sector SPDR Fund gaining 0.4%. The Philadelphia Housing Index climbed 0.9%, and the Real Estate Select Sector SPDR Fund advanced 1%. Bitcoin fell 2.7% to $103,106, and the yield for 10-year US Treasuries rose 1 basis point to 4.12%. In economic news, ADP's weekly measure of...
AllianceBernstein continued to expand its lineup of actively managed fixed income ETFs, with the release of two new products: the AB New York Intermediate Municipal ETF (NYM) and the AB Core Bond ETF (CORB) . The firm said that global trading firm Jane Street will act as the lead market maker for both funds.
Financial stocks rose in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.7% and the Financial Select Sector SPDR Fund up 0.5%. The Philadelphia Housing Index was climbing 0.9%, and the Real Estate Select Sector SPDR Fund was rising 1%. Bitcoin was declining 2.7% to $103,106, and the yield for 10-year US Treasuries rose 1 basis points to 4.12%. In corporate news, Blackston...
Arrington announced he will not seek reelection in 2026 after helping shepherd President Trump's first major tax bill through Congress, marking the first GOP House chairman to check out in 2026.
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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