News Results

  1. JBT Corporation Schedules a Joint Conference Call to Discuss the Voluntary Takeover Offer to Acquire All Outstanding Marel hf. Shares
    Business Wire | 05:35 PM EDT

    JBT Corporation, a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that it expects the Icelandic Financial Supervisory Authority of the Central Bank of Iceland to imminently approve the offer document and prospectus related to JBT?s voluntary takeover offer to acquire all issued and outstanding shares of Marel hf..

  2. Transtar Holding Company Shifts into High Gear with PPi Automotive Add-on
    Business Wire | 06:00 AM EDT

    Family-owned PPi marks Transtar Holding Company?s fourth acquisition in 16-month period Blue Point Capital Partners and its portfolio company, Transtar Holding Company, are pleased to announce the acquisition of PPi Automotive, a family-owned and -operated automotive parts wholesale distributor.

  3. Redfin Reports U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline?Which Could Give Buyers Relief
    Business Wire | 06/13/24 08:00 AM EDT

    Daily average mortgage rates dropped to their lowest level in three months on Wednesday, after the May CPI report showed that inflation is continuing to cool. ? The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% year over year?the biggest increase in about three months. There are signs that home-price growth could ease soon.

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.