News Results

  1. Vertex, Inc. Announces Proposed Private Offering of?$250 Million of Convertible Senior Notes
    GlobeNewswire | 04/22/24 04:17 PM EDT

    Vertex, Inc. (VERX), a leading global provider of indirect tax solutions, today announced that it intends to offer and sell, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  2. WOO X and OpenTrade launch RWA Earn Vaults in line with TradFi-led digital finance shift
    GlobeNewswire | 04/22/24 05:00 AM EDT

    WOO X, in collaboration with OpenTrade, has launched RWA-backed Earn Vaults, enabling users to earn yield from real-world, high-quality financial assets like U.S. Treasury Bills, aligning with the industry?s shift towards digital finance amidst blockchain?s transformative impact on traditional markets.

  3. Lakeland Bancorp Announces First Quarter Results
    GlobeNewswire | 04/19/24 08:00 AM EDT

    Lakeland Bancorp, Inc. (LBAI), the parent company of Lakeland Bank, reported net income of $19.8 million and earnings per diluted share of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023.

  4. Provident Financial Services, Inc. Announces First Quarter Earnings?and Declares Quarterly Cash Dividend
    GlobeNewswire | 04/18/24 05:00 PM EDT

    Provident Financial Services, Inc. (PFS) reported net income of $32.1 million, or $0.43 per basic and diluted share for the three months ended March 31, 2024, compared to $27.3 million, or $0.36 per basic and diluted share, for the three months ended December 31, 2023 and $40.5 million, or $0.54 per basic and diluted share, for the three months ended March 31, 2023.

  5. Chemung Financial Corporation Reports?First Quarter 2024 Net Income of $7.1 million, or $1.48 per share
    GlobeNewswire | 04/18/24 04:15 PM EDT

    Chemung Financial Corporation (CHMG), the parent company of Chemung Canal Trust Company, today reported net income of $7.1 million, or $1.48 per share, for the first quarter of 2024, compared to $3.8 million, or $0.80 per share, for the fourth quarter of 2023, and $7.3 million, or $1.54 per share, for the first quarter of 2023.

  6. Mortgage Rates Exceed 7 Percent for the First Time this Year
    GlobeNewswire | 04/18/24 12:00 PM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.10 percent. ?The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,? said Sam Khater, Freddie Mac?s Chief Economist.

  7. Existing-Home Sales Descended 4.3% in March
    GlobeNewswire | 04/18/24 10:00 AM EDT

    Key Highlights ? ? ? ? ? ? ?Existing-home sales slipped in March, according to the National Association of Realtors?. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. # # # For local information, please contact the local association of Realtors? for data from local multiple listing services.

  8. Vallourec progresses its holistic balance sheet refinancing with successful pricing of its 2032 Senior Notes offering
    GlobeNewswire | 04/18/24 01:30 AM EDT

    Vallourec progresses its holistic balance sheet refinancing with successful pricing of its 2032 Senior Notes offering Meudon, April 18, 2024 ? Vallourec S.A., a world leader in premium tubular solutions, announces today that it has successfully priced an offering of Senior Notes due 2032 in an aggregate principal amount of $820 million, which will be issued at par and will bear interest at a ra...

  9. Q2 Update to the 2024 Economic Outlook Forecasts 2.2% Expansion in Equipment and Software Investment, 2.3% GDP Growth
    GlobeNewswire | 04/17/24 08:00 AM EDT

    Driven by strong consumer spending and a resilient labor market, the U.S. economy continues to expand at a healthy clip, according to the Q2 update of the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment growth is projected to be 2.2% in 2024, with activity expected to pick up in the latter half of the year.

  10. Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception
    GlobeNewswire | 04/16/24 01:00 PM EDT

    Freddie Mac Multifamily?s Impact Bonds program?has issued over $20 billion in Green, Social and Sustainability bonds since the program?s creation in 2019. Freddie Mac?s Impact Bonds support multifamily properties that address persistent housing challenges, particularly environmental and social issues, and provide additional transparency to investors.

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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