* Small-cap Russell 2000 has pulled back sharply from Nov highs. * Trump's pro-growth policies seen helping small cap stocks. * Slower Fed rate cuts, tariffs could weigh on small caps. By Lewis Krauskopf. As investors seek assets that will shine under a Donald Trump presidency, one corner of the U.S. stock market expected to benefit from the Republican's policies has been stumbling.
- Norwegian Johannes Thingnes Boe, who dominated the biathlon at the 2022 Winter Olympics, has decided to retire at the end of the season and will not defend his titles at next year's Milan-Cortina Games, he said on Saturday. The 31-year-old won four of six possible gold medals at the Beijing Games and also took one gold from the 2018 edition in Pyeongchang.
By Elisa Martinuzzi. Armed conflict is the top risk in 2025, a World Economic Forum survey released on Wednesday showed, a reminder of the deepening global fragmentation as government and business leaders attend an annual gathering in Davos next week.
In a historic celebration of leadership and technological innovation, Brock Pierce, DNA Holdings, and Ambassador Paolo Zampolli are proud to host the Blockchain Ball, an exclusive event honoring the inauguration of the 47th President of the United States, Donald J. Trump.
* Oil output increased to 616,000 bpd from 391,000 bpd. * Oil revenue rose to $2.57 billion, including crude sales, royalties. * Economy expected to expand 10.6% this year. By Kemol King and Marianna Parraga.
Brazil's central bank will hold two line auctions with a total offer of $2 billion on Jan 20, it said in a statement on Friday. Monday's intervention will mark the central bank's first extra supply of dollars in 2025.
?. AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the life/health insurance subsidiaries of Prudential Financial, Inc. [NYSE: PRU], collectively referred to as Prudential.
Foreign holdings of U.S. Treasuries rose in November but held below a record high reached in September, as China increased its portfolio of U.S. debt, data from the Treasury Department showed on Friday. Holdings of U.S. Treasuries rose to $8.635 trillion in November from $8.583 trillion in October. Japan's Treasuries holdings decreased to $1.099 trillion from $1.102 trillion the previous month.
* US two-year, 10-year yields post biggest weekly drop in 7 weeks. * US two-year, 10-year yields hit two-week lows. * US rate futures price in nearly 40 bps of easing in 2025. * US 2/10 Treasury yield curve bear flattens. By Gertrude Chavez-Dreyfuss.
Brazil's Finance Minister Fernando Haddad said on Friday that high interest rates are poised to have a much stronger effect on inflation than many expect, dismissing fears that fiscal challenges could undermine the effectiveness of monetary policy.
While the new tax policies should address the state's projected deficit, rating agencies are cautious about the projected revenues and federal spending on Medicaid, which could impact Louisiana.
The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System because its increasingly broadened scope had fallen outside the Fed's statutory mandate.
The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System because its increasingly broadened scope had fallen outside the Fed's statutory mandate.
The Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System because its increasingly broadened scope had fallen outside the Fed's statutory mandate.
WASHINGTON, Jan. 17, 2025 ?The?American Land Title Association, the national trade association of the land title insurance industry, released the following statement from ALTA CEO Diane Tomb on the nomination of Bill Pulte, founder and CEO of Pulte Capital Partners LLC,?to Director of the Federal Housing Finance Agency: "ALTA congratulates Bill Pulte on President-elect Trump's intention to nom...
The Bank of Canada will communicate more clearly and improve its forecasting models to help predict future shocks, it said on Friday, after publishing a review of the steps taken to tackle the pandemic. The BoC, like every other global central bank, had to resort to unprecedented measures when COVID-19 stalled the economy, roiled financial markets, cratered demand and stoked job losses.
A flurry of new data is in and the housing market is flashing mixed signals from builders, buyers and analysts. The Data: The Census Bureau and the Department of Housing and Urban Development December housing data released Friday was mixed with housing starts beating expectations while housing completions declined.
Data-driven local governments and other public agencies might sound like a complex subject or something difficult to attain, but that could not be further from the truth.
U.S.-listed Chinese stocks including?Alibaba Group Holding,?Baidu, Inc,?JD.com, Inc (JD) ,?PDD Holdings Inc ,?NIO Inc ,?Li Auto Inc (LI) , and?XPeng Inc (XPEV) gained on Friday in sympathy with acceleration of China?s economic activity beating expectations for the last quarter of 2024 as stimulus measures kicked in. China?s gross domestic product expanded by?5.4% in the fourth quarter, beating Reut...
Mastercard Inc (MA) stock is trading higher by 4.7% to $524.98 this week following the release of December inflation data, as signs of cooling underlying price pressures raised hopes of Federal Reserve rate cuts in 2025. What To Know: Core inflation increased slightly below expectations, reinforcing optimism that tighter monetary policy may ease sooner than anticipated.
* US 10-year yield on track for biggest weekly drop in seven weeks. * US two-year, 10-year yields hit two-week lows. * US rate futures price in nearly 40 bps of easing in 2025. * US 2/10 Treasury yield curve bear flattens. By Gertrude Chavez-Dreyfuss.
-Argentina brought in its first budget surplus in more than a decade in 2024, data published on Friday showed, marking a win for libertarian President Javier Milei and his sweeping austerity push in his first full year in office. The nation's budget surplus came in at 1.76 trillion pesos, or 0.3% of gross domestic product in the full year, the economy ministry said.
To gain an edge, this is what you need to know today. An enlarged chart of SPDR S&P 500 ETF Trust (SPY) which represents the benchmark stock market index S&P 500. Note the following: Apple?s iPhones are on the decline in China. Housing starts remain strong as builders subsidize mortgage rates.
Visa Inc (V) shares are trading higher by 4.2% to $317.92 this week following the release of December?s inflation data, as cooling price pressures bolstered hopes of Federal Reserve rate cuts later in 2025. What To Know: Core inflation's modest increase, coming in below expectations, may reinforce the view that aggressive monetary tightening is waning.
* James Longsdon says should have better view of US by summer. * Fitch already has tariff assumptions baked into ratings. * UK rating has more 'headroom' that France's for now. By Marc Jones.
U.S. manufacturing output surged in December likely as production at Boeing picked up following the end of a crippling strike by factory workers at the aerospace giant. Factory output increased 0.6% last month after an upwardly revised 0.4% rebound in November, the Federal Reserve said on Friday. Production at factories was unchanged on a year-on-year basis in December.
* Global shares rise. * China's GDP meets target. * Dollar regains ground, still set for weekly loss. * Trump inauguration in view. By Samuel Indyk. Global equities rose on Friday, adding to weekly gains, as declining bond yields, stronger than expected Chinese growth figures and upbeat earnings supported riskier assets.
The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of a percentage point, with stronger-than-expected growth in the U.S. offsetting downward revisions in Germany, France and other major economies.
First Busey Corp (BUSE): * FIRST BUSEY CORPORATION RECEIVES FEDERAL RESERVE APPROVAL TO ACQUIRE CROSSFIRST BANKSHARES, INC. Source text: Further company coverage:
* IMF cuts forecasts for Germany, France. * Fund warns against protectionist measures. * Headline inflation seen declining to 4.2% this year. By Andrea Shalal.
First Busey Corporation, the holding company for Busey Bank, today announced it has received the approval of the Federal Reserve to acquire by merger CrossFirst Bankshares, Inc. (CFB), the holding company for CrossFirst Bank. ?We are pleased to have received regulatory approval from the Federal Reserve,? said Van Dukeman, Busey Chairman and CEO.
First Busey Corporation (BUSE), the holding company for Busey Bank, today announced it has received the approval of the Federal Reserve to acquire by merger CrossFirst Bankshares, Inc. (CFB), the holding company for CrossFirst Bank. ?We are pleased to have received regulatory approval from the Federal Reserve,? said Van Dukeman, Busey Chairman and CEO.
U.S. single-family homebuilding increased to a 10-month high in December, indicating some improvement in housing activity at the end of the year, though rising mortgage rates and an oversupply of new properties on the market could constrain recovery.
U.S. single-family homebuilding increased solidly in December, but further gains were seen limited by rising mortgage rates and a glut of new homes on the market. Single-family housing starts, which account for the bulk of homebuilding, rose 3.3% to a seasonally adjusted annual rate of 1.050 million units last month, the Commerce Department's Census Bureau said on Friday.
Arcos Dorados Holdings Inc. (ARCO) today announced that its subsidiary Arcos Dorados B.V. intends to offer senior unsecured notes in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
China's central bank said on Friday it is confident it can keep the yuan exchange rate "basically stable" at a "reasonable and balanced" level. China's economy has solid foundations and a reasonable current account surplus, while the country's cross-border capital flows are balanced and foreign exchange reserves are sufficient, the People's Bank of China told Reuters.
A financial market association under China's central bank said on Friday it would promote the market in floating-rate bonds to help investors manage interest rate risks and improve the country's rate-management mechanism.
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected barrage of new economic policies from Washington.
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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