Wall Street opened lower on Tuesday as investors assessed a host of corporate results and looked ahead to Google-parent Alphabet's earnings later in the day, while gains in U.S. Treasury yields also pressured equities.
The Federal Home Loan Bank of Indianapolis today announced the results of the election of two Indiana Member Directors and three Independent Directors to its Board of Directors.
CINCINNATI, Oct. 29, 2024 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the third quarter ended September?30, 2024.
U.S. single-family home prices increased in August amid still tight supply, which together with elevated mortgage rates continue to keep prospective buyers on the sidelines. House prices rose 0.3% on a month-on-month basis after gaining 0.2% in July, the Federal Housing Finance Agency said on Tuesday.
U.S. single-family home prices increased in August amid still tight supply, which together with elevated mortgage rates continue to keep prospective buyers on the sidelines. House prices rose 0.3% on a month-on-month basis after gaining 0.2% in July, the Federal Housing Finance Agency said on Tuesday.
Russian steelmaker Severstal expects steel demand to drop by 5% to 7% in 2024 as the high cost of borrowing raises the strain on its customers' investment plans, company head Alexander Shevelev said on Tuesday.
* Alphabet up ahead of earnings after the bell. * Ford falls, Pfizer (PFE) rises after results. * JOLTS job data on tap. * Futures down: Dow 0.37%, S&P 500 0.18%, Nasdaq 0.07% By Lisa Pauline Mattackal.
U.S. job openings dropped to more than a 3-1/2-year low in September, but nearly all the decline in vacancies was in the South, suggesting that Hurricanes Helene and Milton had temporarily weighed on demand for labor.
The U.S. trade deficit in goods widened sharply in September amid a surge in imports, suggesting that trade remained a drag on economic growth in the third quarter. The goods trade gap increased 14.9% to $108.2 billion last month also as exports fell, the Commerce Department's Census Bureau said on Tuesday.
Synovus Financial Corp. (SNV) today announced an underwritten public offering of senior notes due 2030. BofA Securities, Inc. and Morgan Stanley & Co. LLC will serve as the active joint book-running managers for the offering, and Synovus Securities, Inc. will serve as a passive book-running manager for the offering.
MONTR?AL, Oct. 29, 2024 ?Garda World Security Corporation, an entrepreneurial-driven corporation focused on building global champions in security services, AI-enabled security technology, integrated risk management and cash automation solutions, announced today the commencement of a private offering of new senior unsecured notes due 2032 in an aggregate principal amount of US$1.0 billion and th...
Brazil posted a wider-than-expected current account deficit in September, primarily driven by a sharp drop in the trade surplus, central bank data showed on Tuesday. Latin America's largest economy recorded a current account deficit of $6.5 billion last month, exceeding the $5 billion deficit forecast in a Reuters poll of economists.
SAN FRANCISCO, Oct. 29, 2024 VantageScore, a leading national credit-scoring company, is the "better" credit score for mortgages according to leading U.S. banks. These analyses were recently completed by comparing VantageScore 4.0 credit scores spanning 10 years and over 45 million loans?released?by Fannie Mae and Freddie Mac on July 11, 2024.
Brazil posted a current account deficit of $6.5 billion in September, the central bank said on Tuesday, larger than the $5 billion deficit forecast in a Reuters poll of economists. Foreign direct investment in the month totaled $5.2 billion, the central bank said, below the $5.6 billion projected in the poll.
* Gold may touch $2,800 in coming days - analyst. * U.S. job openings at 1400 GMT. * Traders see a 95% chance of a 25 bps U.S. rate cut in November. * Palladium hits 10-month high. By Anushree Mukherjee.
* German GDP likely to contract in 2024, stagnate in 2025 - DIHK. * U.S. bond yields rise above 4.30% to mid-July highs. * US interest rate options price in Republican sweep. * U.S. job openings report due at 1400 GMT. By Medha Singh.
* REPUBLIC OF COLOMBIA FILES PRELIMINARY TERM SHEET RELATED TO OFFERING OF U.S.$ 2 BILLION 7.750% GLOBAL BONDS DUE 2036 - SEC FILING Source text: Further company coverage: [ ]
Brazil's central bank chief said on Tuesday that markets are questioning how the country will bring its debt down, emphasizing that while the primary budget balance is close to that of peers, its gross debt starts from a higher baseline.
A look at the day ahead in U.S. and global markets from Mike Dolan. Even as public borrowing estimates were shaved on Monday, U.S. Treasury yields continue to probe three-month highs as markets lean toward a win for Donald Trump in next week's election and a possible clean sweep in Congress for his Republican party.
A look at the day ahead in U.S. and global markets from Mike Dolan. Even as public borrowing estimates were shaved on Monday, U.S. Treasury yields continue to probe three-month highs as markets lean toward a win for Donald Trump in next week's election and a possible clean sweep in Congress for his Republican party.
Ahead of the U.S. presidential election next week, investors in interest rate options are putting on trades that will pay off if rates remain elevated, suggesting that the market is pricing in a sweep by the Republican party. The options market is also bracing for the biggest post-election swings in U.S. Treasury yields in more than 30 years.
- This past summer, leads for Brian Brown's landscaping business near Lake Tahoe were drying up. ??. "We'd put together bids, call clients, and they were like, 'well, we're going to think about it,'" said Brown, whose typical customer owns luxury property in the California resort area.
- This past summer, leads for Brian Brown's landscaping business near Lake Tahoe were drying up. ??. "We'd put together bids, call clients, and they were like, 'well, we're going to think about it,'" said Brown, whose typical customer owns luxury property in the California resort area.
* Options market braces for biggest post-election swings in 30 years. * Republican sweep could lead to higher tariffs, interest rates, and Treasury yields. * Democratic win may result in higher taxes, disinflation, and potential Fed easing. * Rate volatility has been higher than that in the stock market. By Gertrude Chavez-Dreyfuss.
Chinese property developer Sino-Ocean
Group (SIOLF) said on Tuesday it planned to issue a total of $4.02 billion of mandatory convertible bonds and perpetual securities as part of its offshore debt restructuring proposal.
The Japanese government stuck to its assessment that the economy is recovering moderately, although it reiterated the need to pay close attention to potential global economic risks and financial market volatility.
Euro zone government bond yields were little changed on Tuesday as investors waited for data on domestic inflation and growth later in the week that could shape the outlook for European Central Bank policy. Germany's 10-year bond yield, the benchmark for the euro zone bloc, was last at 2.285%, not far from a three-month high of 2.352% touched on Monday.
Napier AI / AML Index provides insights into 35 countries, highlighting which are stronger and weaker when it comes to stopping money flowing into the shadow economy Money laundering cost the global economy $5.2 trillion in 2023 alone Italy, the Czech Republic and Finland rank at the top, respectively, in terms of countries with the most effective spend on anti-money laundering.
The German economy will contract by 0.2% this year, the German Chamber of Commerce and Industry said on Tuesday, cutting its previous forecast for a stagnation published in May. The figures are not optimistic for 2025 either, when DIHK expects zero growth.
German consumer sentiment is set to continue to recover heading into November as households are more optimistic about their income prospects, though high prices and bad job market news are diluting those positive factors, a survey showed on Tuesday.
The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar firmed near its recent high ahead of major U.S. data releases later in the week that could determine the path for Federal Reserve policy.
Global stock indexes mostly rose on Tuesday, with the Nasdaq scoring a record closing high ahead of key earnings reports this week, while Treasury yields hit multimonth highs early as the U.S. presidential election was just a week away.
MIAMI and WESTBURY, N.Y., Oct. 28, 2024 PL Developments, a leader in the development, manufacturing, packaging, and distribution of consumer healthcare products, today announced two significant milestones: FDA approval for its Omeprazole OTC ANDA and the successful refinancing of its corporate debt.
The Bank of Japan should avoid overhauling its ultra-loose monetary policy now, the head of a kingmaker opposition party said on Tuesday, a sign the ruling coalition's devastating loss in a weekend election was complicating its rate hike plan.
Chinese property developer Sino-Ocean
Group (SIOLF) said on Tuesday it planned to issue new zero-coupon, two-year mandatory convertible bonds and new interest-bearing, perpetual securities to creditors for a total value of $4.02 billion. The state-backed company received a winding-up petition late June, filed by The Bank of New York Mellon (BK) in a Hong Kong court.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
Chicago soybean futures rose for the first time in four sessions on Tuesday with bargain-buying supporting prices, although abundant supplies from the freshly harvest U.S. crop are likely to curb gains. Corn and wheat futures edged higher. FUNDAMENTALS.
A voting board member at South Korea's central bank said she is not concerned about dollar liquidity conditions in the dollar-won market, Yonhap news agency reported on Tuesday. "It isn't appropriate to assess the level but as for forex liquidity conditions, I'm not so worried," Lee Soo-hyung told reporters in Washington DC on Oct. 24, according to Yonhap.
SEOUL, South Korea, Oct. 28, 2024 Expected to engage in sharing?insights and connecting with public and private sector leaders to solve key issues for people and planet SEMIFIVE, a leading design solution provider and pioneer of platform-based custom silicon solutions, announced today that it has been selected as a global innovator by the World Economic Forum and has joined the WEF's Global I...
* US two-year, five-year note auctions show lackluster results. * US Q4 financing estimates lower than July forecast. * Investors look ahead to Treasury refunding, US payrolls. By Gertrude Chavez-Dreyfuss and Karen Brettell.
CHATHAM, N.J., Oct. 28, 2024 Seelaus Asset Management, LLC announced the launch of the Seelaus Housing Equality Fund, LP - an impact investment strategy designed to address access to affordable housing in underserved communities while offering investors a competitive rate of return.
While the asset class is still in the red for October, it has pared back earlier losses. The Bloomberg Municipal Index is at negative 1.42% in October and positive 0.84% year to date.
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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