News Results

  1. BRIEF-S&P Says Ukraine's DTEK Renewables Rating Lowered After Distressed Debt Exchange
    Reuters | 09:38 AM EDT

    S&P Global Ratings: * UKRAINIAN ELECTRICITY PRODUCER DTEK RENEWABLES RATING LOWERED TO 'SD' AFTER DISTRESSED DEBT EXCHANGE. * LOWERED LONG-TERM FOREIGN & LOCAL CURRENCY ISSUER CREDIT RATINGS ON DTEK RENEWABLES TO 'SD' FROM 'CCC-' * SALSO LOWERED ISSUE RATING ON DTEK RENEWABLES SENIOR UNSECURED NOTES TO 'D' FROM 'CCC-'

  2. ECB keeps rates unchanged, September move "wide open"
    Reuters | 09:33 AM EDT

    The European Central Bank kept interest rates unchanged as expected on Thursday, with its president Christine Lagarde saying a move in September was "wide open". The ECB cut rates from record highs last month in a move that even some of its policymakers considered rushed after progress on lowering inflation to its 2% target stalled.

  3. US STOCKS-Nasdaq, S&P set to rise at open as chips, megacaps rebound
    Reuters | 09:17 AM EDT

    * TSMC rises, lifts chips stocks after upbeat results. * Domino's Pizza slumps after Q2 same-store sales miss. * D.R. Horton (DHI) falls after tightening home sales forecast. * Warner Bros Discovery (WBD) jumps on report of mulling break-up plan. * Jobless claims higher than expected. * Futures: Dow down 0.19%, S&P 500 up 0.25%, Nasdaq up 0.67% By Lisa Pauline Mattackal and Ankika Biswas.

  4. GLOBAL MARKETS-Stocks reboot after tech slide, ECB keeps Europe guessing
    Reuters | 09:07 AM EDT

    * Euro near 4-month high ahead of ECB meeting. * September rate cut signals awaited. * Gold holds near record highs. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Marc Jones.

  5. IMF says U.S. should raise taxes, wait until late 2024 to cut rates
    Reuters | 09:07 AM EDT

    The International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until "late 2024" and the government needs to raise taxes to slow the growing federal debt -- including on households earning less than President Joe Biden's $400,000-a-year threshold.

  6. Big central banks are starting to cut rates, slowly
    Reuters | 09:05 AM EDT

    The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to curtail surging inflation. The European Central Bank left rates steady on Thursday, after delivering a first cut in June. Here's where leading central banks stand and what they are expected to do next: 1/ SWITZERLAND.

  7. EXCERPTS-South African central bank governor's comments on rate decision
    Reuters | 09:02 AM EDT

    Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank's latest interest rate decision. INFLATION. "The most recent headline print, for May, was 5.2%, unchanged from April and still in the top half of our target range." "The outlook, however, has improved somewhat.

  8. Lagarde's statement after ECB policy meeting
    Reuters | 09:02 AM EDT

    Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Click here for full ECB statement. Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to keep the three key ECB interest rates unchanged.

  9. GRAPHIC-Big central banks are starting to cut rates, slowly
    Reuters | 09:00 AM EDT

    The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to curtail surging inflation. The European Central Bank left rates steady on Thursday, after delivering a first cut in June. Here's where leading central banks stand and what they are expected to do next: 1/ SWITZERLAND.

  10. US weekly jobless claims increase more than expected
    Reuters | 08:39 AM EDT

    The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labor market and the data is typically noisy in July because of summer breaks and temporary factory closures.

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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