President Donald Trump on Thursday moved to tear up decades-old low U.S. tariff rates, raising them to match those of other countries and counteract other barriers to American goods to try to shrink a U.S. goods trade deficit that topped $1.2 trillion last year.
President Donald Trump on Thursday moved to tear up decades-old low U.S. tariff rates, raising them to match those of other countries and counteract other barriers to American goods to try to shrink a U.S. goods trade deficit that topped $1.2 trillion last year.
TEMPE, Ariz. and PRAGUE, Feb. 13, 2025 Gen Digital Inc. (GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it has priced $950 million aggregate principal amount of its 6.25% senior notes due 2033, which were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
* US Treasury yields fall as inflation data suggests cooler PCE reading. * US stocks climb as Tesla and MGM Resorts lead consumer discretionary sector gains. * European stocks rise on Nestle, Siemens results and Ukraine peace talk hopes. By Chuck Mikolajczak.
Funds Will Be Used for Financial Property Education, Will Planning and Legal Clinics. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded $50,000 in Heirs? Property Program grants to two organizations that support resolving heirs? property issues in the Baton Rouge, Louisiana, area. This press release features multimedia.
Funds Will Be Used for Financial Property Education. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded a $25,000 Heirs? Property Program grant to the Fuller Center for Housing of Northwest Louisiana during a ceremonial check presentation this week. This press release features multimedia.
* Core PCE seen lower after PPI data. * US rate futures price in 33 bps in cuts in 2025. * US two-year breakeven inflation rises to highest since 2022. * US 30-year bond auction shows poor results. By Gertrude Chavez-Dreyfuss.
- A look at the day ahead in Asian markets. A rally in U.S. stocks and bonds looked counterintuitive after PPI headlines appeared to be the second hot inflation read this week, but, under the hood, key components looked more like they were moving the direction the Fed and Wall Street want.
A look at the day ahead in Asian markets. A rally in U.S. stocks and bonds looked counterintuitive after PPI headlines appeared to be the second hot inflation read this week, but, under the hood, key components looked more like they were moving the direction the Fed and Wall Street want.
Manufacturing activity in New Zealand expanded for the first time in nearly two years, with key sub-index results for both production and new orders in positive territory, a survey showed on Friday. The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index jumped to 51.4 in January from a revised 46.2 in December.
Investors added $238.5 million to municipal bond mutual funds in the week ending Wednesday, following?$1.124 billion of inflows the prior week, according to LSEG Lipper data.
* US Treasury yields dip as inflation data suggests cooler PCE reading. * US stocks climb as Tesla and MGM Resorts (MGM) lead consumer discretionary sector gains. * European stocks rise on Nestle, Siemens results and Ukraine peace talk hopes. By Chuck Mikolajczak.
Egg prices have soared in recent months and stores are taking action to limit purchases in the wake of rising bird flu cases that could see costs continue to rise. What Happened: The cost of eggs was up 15.2% in the month of January, the largest increase since June 2015, which made the food item one of the biggest factors of rising inflation in the latest CPI report.
The Secure Technology Alliance is thrilled to announce the agenda for the 2025 Identity & Payments Summit! Day one:February 24th will be a pre-conference day, featuring two exclusive events: the Mobile Driver?s License Technology Showcase and the U.S. Payments Forum?s Spring Member Meeting.
As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.
Brazil's Economic Policy Secretary Guilherme Mello said on Thursday he sees the exchange rate of the local real currency against the U.S. dollar normalizing, following a sharp depreciation late last year, which he believes does not reflect the country's economic fundamentals.
Cryptocurrency analyst Benjamin Cowen discussed the latest Consumer Price Index report and its potential impact on Bitcoin and the broader market, emphasizing the delicate balance between inflation and unemployment rates. What Happened: In his latest podcast on Wednesday, Cowen discussed how the 10-year Treasury yield affects Bitcoin's price action.
Lauri Perdue brings more than two decades of experience in workforce development and higher education to the role University of Phoenix is pleased to announce that National Workforce Director Lauri Perdue has been appointed Chairwoman for the Las Vegas Global Economic Alliance Board of Directors following her tenure as vice chair since January 2023.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the property/casualty insurance subsidiaries of Cincinnati Financial Corporation and The Cincinnati Life Insurance Company.
TAMPA, Fla. After an assessment of the two issuers in terms of cash flow, debt burden, interest coverage, yield to maturity, credit ratings and other factors, Ms. Entina finds "it might well be time to give high-grade corporate issuers, a second look."
Policymakers in Norway should be open to the idea that the country's $1.8 trillion wealth fund be allowed to invest in weapons makers that are currently banned from its portfolio on ethical grounds, the central bank chief said on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.87%. ?The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,? said Sam Khater, Freddie Mac?s Chief Economist.
To gain an edge, this is what you need to know today. Please click here for a chart of SPDR S&P 500 ETF Trust which represents the benchmark stock market index S&P 500. Note the following: More layoffs are coming in tech. In important news, oil giant Chevron Corp (CVX) will cut 20% of its workforce. Seventy-five thousand federal workers have opted into Trump's deferred resignation program.
* Core PCE seen lower after inflation data. * US rate futures price in 31 bps in cuts in 2025. * US two-year breakeven inflation rises to highest since 2022. * Focus on US 30-year bond auction. By Gertrude Chavez-Dreyfuss and Amanda Cooper.
* US Treasury yields dip as inflation data suggests cooler PCE reading. * US stocks climb as Tesla and MGM Resorts lead consumer discretionary sector gains. * European stocks rise on Nestle, Siemens results and Ukraine peace talk hopes. By Chuck Mikolajczak.
-Overall debt levels held by Americans rose modestly in the final quarter of last year on a healthy consumer sector, even as automobile borrowing faced some turbulence, the Federal Reserve Bank of New York said on Thursday.
BEIJING, Feb. 13, 2025 China's GDP grew by 5 percent in 2024, surpassing 130 trillion?yuan for the first time, successfully achieving pre-set key economic and social development goals. This milestone reflects Chinese economy's strong resilience in the face of external pressures and domestic challenges, displaying China's ability to navigate uncertainties.
Multiyear agreement reinforces the banks? shared commitment to the growth of soccer and the Los Angeles community The reigning 2024 Major League Soccer Cup champion LA Galaxy have launched a partnership with Royal Bank of Canada, one of the largest global financial institutions based on market capitalization, and its Los Angeles based subsidiary, City National Bank ? the largest bank headqu...
* Producer prices increase 0.4% in January. * December rise in the PPI revised up to 0.5% from 0.2% * Producer prices gain 3.5% year-on-year. * Weekly jobless claims fall 7,000 to 213,000. * Continuing claims decrease 36,000 to 1.850 million. By Lucia Mutikani.
* Trade Desk (TTD) falls on downbeat Q1 revenue forecast. * Deere falls after missing quarterly revenue estimates. * Indexes up: Dow 0.08%, S&P 500 0.16%, Nasdaq 0.37% By Shashwat Chauhan and Sukriti Gupta. Feb 13 - Wall Street's main indexes moved higher on Thursday as investors parsed the latest producer prices data, while the prospect of Russia-Ukraine peace talks spurred some risk-taking.
AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Nassau Life Insurance Company, Nassau Life and Annuity Company and Nassau Life Insurance Company of Kansas.
The Federal Reserve will likely wait until September before cutting its policy rate, traders bet on Thursday, as data kept alive worries over elevated inflation and a decline in jobless claims suggested the labor market remains healthy.
AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb? of Momentum Life Limited. This rating action follows Momentum Life?s weakened current capital position and the material uncertainty related to the company?s future capital adequacy to support its operations.
The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.
The Trump administration wants to bring down the U.S. trade deficit with India and hopes to have a fair bilateral trade deal with New Delhi in place in 2025, Trump administration officials said ahead of a summit between President Donald Trump and Indian Prime Minister Narendra Modi on Thursday.
The Trump administration wants to bring down the U.S. trade deficit with India and hopes to have a fair bilateral trade deal with New Delhi in place in 2025, Trump administration officials said ahead of a summit between President Donald Trump and Indian Prime Minister Narendra Modi on Thursday.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable.
TEMPE, Ariz. and PRAGUE, Feb. 13, 2025 Gen Digital Inc. (GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it is proposing to sell $1,100 million aggregate principal amount of senior notes due 2033 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
This Partnership Brings Together Best-in-Class Fraud and Abuse Prevention with Cross-Border Operations to Eliminate Risk While Unlocking Global Growth Swap, the e-commerce operating system that consolidates global operations within one platform for e-commerce brands, today announced a strategic partnership with Signifyd, a leader in fraud and abuse prevention.
-The Federal Reserve will likely wait until September before cutting its policy rate, traders bet on Thursday, as data kept alive worries over elevated inflation and a decline in jobless claims suggested the labor market remains healthy.
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.