U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
* Trump's new bond investments span several industries. * He acquired Intel (INTC) bonds after government acquired a stake. By Nandita Bose. U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
* Fed's Kugler exited central bank amid trading rules violations. * New disclosures detail trading that broke Fed rules. * Kugler faces Fed Inspector General Inquiry. By Michael S. Derby.
Former Federal Reserve Governor Adriana Kugler, who abruptly resigned this summer, had multiple financial transactions in violation of the central bank's ethics rules, government filings showed on Saturday, with the matter referred to the Fed's in-house watchdog for investigation.
Adriana Kugler, a Federal Reserve governor who abruptly resigned her position in August, filed a financial disclosure form for investments that the central bank's ethics officer declined to certify. The form filed with the Office of Government Ethics and made public on Saturday noted inadvertent trading activity by Kugler's husband that was forbidden under central bank ethics rules.
-New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, a New York Fed spokesperson told Reuters.
New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, a New York Fed spokesperson told Reuters.
-As U.S. agencies on Friday began announcing plans for releasing economic data delayed by the government shutdown, a trio of U.S. central bankers reiterated their concerns about inflation while the Fed's most dovish policymaker said economic data in hand argued for another rate cut. In the meantime, financial markets placed their bets.
New York Federal Reserve's President John Williams held a meeting with Wall Street banks this week to discuss a key short-term lending facility, the Financial Times reported on Friday, citing three people familiar with the matter.
* After overseas sell-off, Nasdaq closes lightly higher. * Investor bets decline for Fed rate cut next month. * US Treasury yields turn higher, dollar edges up. * UK markets whipped around by budget talk. By Sin?ad Carew and Dhara Ranasinghe.
* US two-year yields post largest weekly rise since mid-June. * US 2/10 yield curve bear steepens, suggesting Fed pause imminent. * Rate futures price 40% chance of rate cut in December. * Fed's Schmid, Logan favor pause in December meeting. By Gertrude Chavez-Dreyfuss and Alden Bentley.
S&P: * S&P: NIGERIA OUTLOOK REVISED TO POSITIVE FROM STABLE; 'B-/B' RATINGS AFFIRMED. * S&P: REVISED NIGERIA'S OUTLOOK BASED ON POTENTIAL FOR CONTINUED GAINS, PARTICULARLY IN OUR EXTERNAL & MONETARY ANALYSIS. * S&P: IN OUR VIEW, MONETARY, ECONOMIC, & FISCAL REFORMS BEING IMPLEMENTED BY NIGERIAN AUTHORITIES WILL YIELD POSITIVE BENEFITS OVER MEDIUM TERM.
* Walmart (WMT) falls after announcing CEO retirement. * Cidara Therapeutics (CDTX) soars on Merck's (MRK) buyout deal. * Nvidia (NVDA) report seen as key to AI rally. By Noel Randewich. Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's (NVDA) quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
* After overseas sell-off, Wall Street turns higher. * Investors bets decline for Fed rate cut next month. * US Treasury yields turn higher, dollar edges up. * UK markets whipped around by budget talk. By Sin?ad Carew and Dhara Ranasinghe.
-Dallas Federal Reserve President Lorie Logan on Friday again signaled she would oppose an interest-rate cut in December, after also opposing the Fed's rate cut in October, because of her concern that inflation is too high, trending upward, and taking too long to get to the Fed's 2% target.
* Logan did not support a rate cut in October. * Labor market not now in need of further preemptive insurance, Logan says. * Logan next votes on rate-setting next year. By Ann Saphir.
* Fed officials cautious on further easing due to inflation concerns. * US data return expected to increase market volatility. * Pound falls after UK tax policy shift. By Karen Brettell.
Oracle Corp (ORCL) bonds have taken a hit in recent days following a report that the cloud and artificial intelligence service provider plans to add another $38 billion to its heavy debt load to fund its AI infrastructure, according to analysts and investors. Oracle did not immediately respond to a request for comment.
* Indexes: Dow down 0.32%, S&P 500 up 0.38%, Nasdaq up 0.68% * Financials drag on Dow but indexes set for weekly gains. * Walmart (WMT) falls after announcing CEO retirement. * Cidara Therapeutics (CDTX) soars on Merck's (MRK) buyout deal. By Twesha Dikshit and Purvi Agarwal.
Copper and other industrial metals fell on Friday, joining a broad market selloff sparked by hawkish remarks on interest rates from U.S. Federal Reserve officials, while weak data from top consumer China fanned concerns over demand.
Swiss gold producers are interested in setting up shop in the United States in the future, said a senior Swiss economic affairs official on Friday at a press conference after a tariff agreement was reached with Washington. Gold, which is a large contributor to Switzerland's trade surplus with the United States, remains exempt from tariffs, according.
Wall Street's main indexes pared losses after being weighed down by technology stocks earlier Friday, while Federal Reserve officials cast doubt on a potential interest rate cut in December. Concerns about stretched AI stock valuations have triggered declines in recent weeks, putting the Nasdaq on course for its longest losing streak since April.
Wall Street's main indexes sank on Friday, weighed down by technology stocks, while Federal Reserve officials cast doubt on a potential interest rate cut in December. Concerns about stretched AI stock valuations have triggered declines in recent weeks, putting the Nasdaq on course for its longest losing streak since April.
* Gold up 2.3% so far this week. * Silver, platinum, palladium down 3% * Traders see a 50% chance of US interest rate cut in December. By Noel John and Pablo Sinha. Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut.
Canada's main stock index dropped on Friday, dragged down by hawkish signals from U.S. Federal Reserve officials, a sweeping tech selloff and lower commodity prices. At 09:48 a.m. ET, Toronto's S&P/TSX composite index fell 0.8%, after dropping as much as 1.4% to its lowest level in a week, compounding Thursday's 1.9% decline.
-Kansas City Federal Reserve President Jeffrey Schmid on Friday said his concerns about "too hot" inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could dissent again at the Fed's December meeting should policymakers opt to cut short-term borrowing costs again.
-Wall Street's main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.
Wall Street's main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.
Canada's main stock index dropped over 1% on Friday, on hawkish comments from U.S. Federal Reserve officials and a broad selloff in technology stocks. At 9:31 a.m. ET, Toronto's S&P/TSX composite index was down 1.1% at 29,949.97 points.
* Gold up 1.4% so far this week. * Silver, platinum, palladium down over 3% * Traders see a 53% chance of US interest rate cut in December. By Noel John and Pablo Sinha. Gold prices dropped more than 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut.
-The S&P 500 and the Nasdaq rose in choppy trading on Friday after a brief technology selloff, while investors looked ahead to Nvidia's quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage.
The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage.
* World stocks deep in the red, US stock futures lower. * Investors see Fed rate cut next month as a toss-up. * Fed officials take hawkish view. * UK markets whipped around by budget talk. By Dhara Ranasinghe.
Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that the Federal Reserve will cut U.S. interest rates at its upcoming policy meeting.
Executives at DWS, one of Europe's largest money managers, are thinking through the potential impacts in the unlikely event that the U.S. Federal Reserve limits access to dollar funding, the firm's CEO told Reuters.
Bitcoin traded below $96,000 for the first time in over six months on Friday, as a sell-off in risky assets accelerated on fading expectations for a December rate cut from the U.S. Federal Reserve.
* Gold up 3.7% so far this week. * Silver also headed for a weekly gain. * Market expects 49% chance of a quarter-point rate cut in December. By Anmol Choubey. Gold prices reversed earlier gains on Friday as hawkish comments from U.S. Federal Reserve officials clouded prospects for a December rate cut, although they remained set for a weekly gain supported by wider economic uncertainty.
Futures for Canada's main stock index fell on Friday, as hawkish comments from U.S. Federal Reserve officials dampened hopes of a December rate cut. Canada's benchmark index tumbled 1.9% on Thursday - its sharpest drop since April - as tech shares led a broad retreat, erasing much of the prior day's rally that had propelled it to a record high.
-Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
* Futures down: Dow 0.2%, S&P 500 0.2%, Nasdaq 0.4% U.S. stock index futures dipped on Friday, signaling a fresh round of selloff on Wall Street after hawkish comments from Federal Reserve officials added to doubts about an interest rate cut in December.
* Gold up 4.3% so far this week. * Silver set for best week since September 2024. * Market expects 49% chance of a quarter-point rate cut in December. By Anmol Choubey. Gold prices see-sawed on Friday as hawkish comments from U.S. Federal Reserve officials clouded prospects for a December rate cut, although they remained set for a weekly gain supported by wider economic uncertainty.
* EM stocks tank 1.7%, FX flat. * Polish inflation at 2.8% y/y in October. * Romanian quarterly growth contracts in Q3. * Senegal bonds eye worst week on record. * South Korea vows to stabilise won; intervention suspected after slide. By Nikhil Sharma.
S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's (NSANF) credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker. The credit-rating firm cut its long-term rating on the company and its overseas subsidiaries to "BB-" from "BB".
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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