News Results

  1. EMERGING MARKETS-Turkish lira flat before central bank meeting; zloty sinks
    Reuters | 10/22/20 04:27 AM EDT

    * Turkish central bank expected to raise rates- Reuters poll. * Polish zloty loses about 0.5% * Central bank meetings in Israel, Ukraine expected. By Ambar Warrick. Turkey's lira was barely moving on Thursday ahead of an expected interest rate increase by the central bank, while the Polish zloty dropped in the face of strict restrictions to contain the coronavirus.

  2. German consumer morale darkens as coronavirus cases soar
    Reuters | 10/22/20 02:00 AM EDT

    German consumer morale fell heading into November as fears about a second coronavirus wave that is hitting Europe's biggest economy made Germans less willing to open their wallets, a survey ...

  3. GLOBAL MARKETS-Asian shares drop as U.S. stimulus talks drag on
    Reuters | 10/21/20 10:40 PM EDT

    Asian shares fell on Thursday and U.S. Treasury yields ticked lower as investors fretted over the slow pace of U.S. stimulus talks and a surge in global cases of COVID-19.

  4. U.S. stocks advance, benchmark Treasury yields rise on fiscal aid hopes
    Reuters | 10/21/20 09:11 PM EDT

    U.S. stocks gained ground on Thursday after oscillating for much of the session as growing optimism about an imminent U.S. coronavirus relief deal helped offset concern about a global surge in COVID-19 cases. All three major U.S. stock indexes closed higher and long-dated Treasury yields rose on news of two opposing sides in Washington nearing agreement on a new fiscal aid package.

  5. U.S. stocks advance, benchmark Treasury yields rise on fiscal aid hopes
    Reuters | 10/21/20 09:11 PM EDT

    U.S. stocks gained ground on Thursday after oscillating for much of the session as growing optimism about an imminent U.S. coronavirus relief deal helped offset concern about a global surge in COVID-19 cases. All three major U.S. stock indexes closed higher and long-dated Treasury yields rose on news of two opposing sides in Washington nearing agreement on a new fiscal aid package.

  6. Exxon Mobil 'very close' to disclosing U.S., Canada job cuts, says CEO
    Reuters | 10/21/20 07:38 PM EDT

    Exxon Mobil Corp (XOM) is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six months and analysts forecast a third-quarter $1.17 billion loss, according to IBES data from Refinitiv.

  7. Exxon Mobil 'very close' to disclosing U.S., Canada job cuts -CEO
    Reuters | 10/21/20 06:13 PM EDT

    Exxon Mobil Corp (XOM) is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six months and is expected to post another quarterly loss when results are released on Oct. 30.

  8. BRIEF-Providence Announces Pricing Of Its $500 Mln Private Offering Of Senior Notes
    Reuters | 10/21/20 05:49 PM EDT

    Providence Service Corp (PRSC): * PROVIDENCE ANNOUNCES PRICING OF ITS $500 MILLION PRIVATE OFFERING OF SENIOR NOTES. * PROVIDENCE SERVICE (PRSC) - PRICING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT OFFERING & AGREED TO ISSUE,SELL $500 MILLION IN OF SENIOR NOTES DUE ON NOV 15, 2025 Source text for Eikon: Further company coverage:

  9. Fed's Bullard says U.S. can wait on fiscal aid, businesses adapting
    Reuters | 10/21/20 05:02 PM EDT

    St. Louis Federal Reserve Bank President James Bullard on Wednesday repeated his view that U.S. businesses are largely adapting to life amid COVID-19 and the U.S. economy is on track to better-than-trend growth even without further fiscal stimulus.

  10. BRIEF-S&P Changes Zambia's Long Term Foreign Currency Rating To 'SD'
    Reuters | 10/21/20 04:53 PM EDT

    S&P: * S&P CHANGES ZAMBIA'S LONG TERM FOREIGN CURRENCY RATING TO 'SD' * S&P SAYS ZAMBIA FOREIGN CURRENCY RATINGS LOWERED TO SD/SD ON SUSPENSION OF DEBT SERVICE PAYMENTS TO EXTERNAL COMMERCIAL CREDITORS. * S&P SAYS FORECAST THAT ZAMBIA WILL REMAIN IN PAYMENT DEFAULT FOR AT LEAST THE SIX MONTHS OF THE STANDSTILL PERIOD.

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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