News Results

  1. 2023 U.S. Latino Economy Reaches $3.2 Trillion: 2023 Official LDC U.S. Latino GDP Report Provides New Data and Insights on Spending Power, Economic Progress, and Population Growth
    Business Wire | 07:30 AM EDT

    The release of the new report kicks off the 2023 L?ATTITUDE Conference in Miami, Florida, creating a national platform for deeper analysis and discussion by top U.S. Latino business leaders about The New Mainstream Economy The Latino Donor Collaborative, a nonprofit organization and think tank dedicated to producing research that highlights economic opportunities for growth, has released its hi...

  2. Sitio Royalties Prices Upsized $600 Million Offering of Senior Notes
    Business Wire | 09/26/23 06:02 PM EDT

    Sitio Royalties Corp. (STR) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 by its subsidiaries, Sitio Royalties Operating Partnership, LP, and Sitio Finance Corp.. The size of the offering was increased from $500 million. The offering is expected to close on October 3, 2023, subject to customary closing conditions.

  3. AM Best Revises Outlooks to Positive for Jet Insurance Company
    Business Wire | 09/26/23 11:06 AM EDT

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Jet Insurance Company. The Credit Ratings reflect Jet?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  4. Russell Investments? Q4 2023 Global Market Outlook: Strategists See Limited Upside for Equities, Mild Recession in 2024
    Business Wire | 09/26/23 10:00 AM EDT

    Team prefers quality factor within equities, views government bonds as attractive Russell Investments? strategists expect a mild recession for the U.S. economy in 2024, while market expectations for the U.S. Federal Reserve to navigate a soft-landing provide equities with support for the next few months.

  5. AM Best Assigns Issue Credit Rating to Intact Financial Corporation?s Senior Unsecured Medium-Term Notes
    Business Wire | 09/26/23 10:00 AM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 5.276% senior unsecured medium-term notes, due 2054, issued by Intact Financial Corporation.

  6. Kraken Progresses European Expansion, Secures EU E-Money License
    Business Wire | 09/26/23 08:30 AM EDT

    Company Also Obtained a Registration as Virtual Asset Service Provider in Spain Kraken, one of the world?s longest-standing and most secure crypto platforms, today announced it has received authorization from the Central Bank of Ireland as an E-Money Institution.

  7. Blend Income Expands Verification Coverage through New Assets-Derived Income Capability
    Business Wire | 09/26/23 08:05 AM EDT

    Integration with Freddie Mac?s AIM Check API can help automate and simplify income assessment to turn leads into applications Blend, a leading provider of cloud banking services, today announced the addition of Assets-Derived Income to its existing Blend Income product.

  8. World Economic Forum Welcomes ProducePay as Innovator Positively Shaping Global Climate and Food Agenda
    Business Wire | 09/26/23 08:00 AM EDT

    AgTech leader invited as Unicorn Innovation Community member to be among the world?s most promising start-ups and scale-ups. ProducePay, the agtech company transforming the global produce industry into a more connected and sustainable supply chain, has joined the World Economic Forum's prestigious Innovator Communities as a Unicorn member.

  9. KBRA Releases Rating Report for City of New York, NY General Obligation Bonds
    Business Wire | 09/25/23 11:49 AM EDT

    On September 22, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds, Fiscal 2024 Series B, consisting of Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. To access rating and relevant documents, click here. Click here to view the report.

  10. Best?s Market Segment Report: AM Best Revises Outlook on Mexico?s Insurance Industry to Stable
    Business Wire | 09/25/23 08:28 AM EDT

    Given the strong recovery in Mexico?s insurance industry amid expected GDP growth in 2023, AM Best has revised its outlook on the country?s insurance segment to stable from negative. The Best?s Market Segment Report, ?Market Segment Outlook: Mexico Insurance,? states that premiums in the first half of 2023 grew by 8.5% following three years of near-stagnant growth.

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.