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.
NEW YORK, Nov. 7, 2024 Bramshill Investments is excited to announce industry recognition of our Securitized Products team and the Bramshill Multi-Strategy Income Fund. "We are highly honored that HFM has recognized all of our hard work with this industry wide 40 Act award. Please find With Intelligence's "HFM US Performance Awards 2024" winners here.
Diversity coalition report shows economic impact of spending with minority-owned, women-owned, veteran-owned, and small business enterprises A study commissioned by the Illinois Utilities Business Diversity Council revealed that goods and services purchased by Illinois utilities from minority-owned, women-owned, veteran-owned, and small business suppliers in 2023 contributed $3.5 billion to the...
Nashville, Tennessee, voters approved a $2 billion bond measure, while Lancaster County, South Carolina, and Cary, North Carolina, opposed the bond referendums.
* * S&P 500, Nasdaq end at record highs, Stoxx 600 up 0.6% * Euro climbs amid German political turmoil. * BoE, Swedish central bank cut rates, Norway holds as expected. By Koh Gui Qing and Kevin Buckland.
Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasury yields retreated further after the Federal Reserve cut interest rates and as investors processed a second Donald Trump presidency.
Argentina's central bank will begin publishing a new rate for wholesale deposits, the monetary authority said on Thursday. The rate will be calculated based on fixed-term deposits of at least 1 billion pesos and will launch on Dec. 2, the central bank said in a statement.
- A look at the day ahead in Asian markets. Asian markets on Friday round off a monumental week on the front foot after Federal Reserve Chair Jerome Powell on Thursday expressed confidence in the U.S. economy and that inflation will continue to cool, signaling further interest rate cuts ahead.
A look at the day ahead in Asian markets. Asian markets on Friday round off a monumental week on the front foot after Federal Reserve Chair Jerome Powell on Thursday expressed confidence in the U.S. economy and that inflation will continue to cool, signaling further interest rate cuts ahead. Japan's Nikkei is up 3.5%, on course for its best week in six.
* * US rate futures price in another 25-bp cut next month. * Analyst questions need to cut if risks are in balance. * Fed's Powell says no plan to raise interest rates. * Fed's Powell says election has no near-term policy impact. By Gertrude Chavez-Dreyfuss.
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual as it predicted the British government's first budget would lead to higher inflation and economic growth. The Monetary Policy Committee voted 8-1 to cut rates to 4.75% from 5%. Analysts polled by Reuters had expected a 7-2 vote.
Despite the post-election selloff, inflows continued?this week as LSEG Lipper reported investors added $1.263 billion to municipal bond mutual funds for the week ending Wednesday, compared to $658.5 million of inflows the prior week. High-yield inflows returned.
* * Powell says election won't impact near-term Fed policy. * Traders seen taking profits from Trump trades. By Karen Brettell and Amanda Cooper. The dollar held onto earlier losses on Thursday after Federal Reserve Chair Jerome Powell failed to offer any strong clues that the U.S. central bank was likely to pause rate cuts in the near-term, after a widely expected 25 basis point reduction.
WASHINGTON, Nov. 7, 2024 Fannie Mae?today announced Scott D. Stowell has been appointed to its Board of Directors. "We are pleased to welcome Scott to Fannie Mae's Board of Directors," said Michael J. Heid, Chair of the Board.
The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to a range of 4.5% to 4.75%. Economists are weighing in on what the policy path ahead may look like.
The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to a range of 4.5% to 4.75%. Economists are weighing in on what the policy path ahead may look like.
Payments firm Block reported a third-quarter profit on Thursday as economic stability encouraged customers to ramp up their spending. The company's net income attributable to its common stockholders was $283.8 million, or 45 cents per share, in the three months ended Sept. 30, compared to a loss of $88.7 million, or 15 cents per share, a year earlier.
The turnpike plans to sell $1 billion of revenue bonds in 2025's first quarter to continue funding for an expansion project now estimated to cost $8.2 billion.
* US weekly jobless claims rise moderately. * * JP Morgan, Goldman weigh on Dow. By Chuck Mikolajczak. U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.
Bank of America Corp (BAC) shares are trading higher by 6% to $44.85 this week following news of Donald Trump's victory in the 2024 U.S. presidential election. The stock has otherwise pulled back roughly 1.2% Thursday afternoon following the The Federal Reserve?s decision to lower interest rates by 0.25 percentage points.
Most central banks of the Gulf Cooperation Council cut key interest rates on Thursday, following the Federal Reserve's decision to reduce U.S. rates by a quarter of a percentage point. The Fed cut interest rates by 25 basis points as policymakers took note of a job market that has "generally eased" while inflation continues to move towards its 2% target.
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate cut next month, after the Federal Reserve lowered rates by the same magnitude at the end of its two-day policy meeting. Rate futures also implied another 67 bps of reductions for 2025, LSEG calculations showed.
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate cut next month, after the Federal Reserve lowered rates by the same magnitude at the end of its two-day policy meeting. Rate futures also implied another 67 bps of reductions for 2025, LSEG calculations showed.
* Canadian dollar gains 0.6% against the greenback. * Trades in a range of 1.3851 to 1.3948. * Price of U.S. oil settles 0.9% higher. * Bond yields ease across the curve. By Fergal Smith. The Canadian dollar strengthened against its U.S. counterpart on Thursday as the Federal Reserve cut interest rates and investors grew less anxious about the prospect of tariffs disrupting Canada's economy.
Most Latin American currencies and
stocks logged strong gains against a weak dollar on Thursday, as
investor sentiment improved with the Federal Reserve's latest
interest-rate cut, while ...
* US weekly jobless claims rise moderately. * * Indexes up: Dow 0.02%, S&P 500 0.74%, Nasdaq 1.51% By Chuck Mikolajczak. U.S. stocks were higher on Thursday after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.
- Federal Reserve Chairman Jerome Powell said that for now, the central bank is not taking on board in its policy-making choices the outcome of this week's election. "In the near term the election will have no effects on our policy decisions," Powell said in a press conference following a Fed meeting that resulted in an expected rate cut.
- Federal Reserve Chairman Jerome Powell said that for now, the central bank is not taking on board in its policy-making choices the outcome of this week's election. "In the near term the election will have no effects on our policy decisions," Powell said in a press conference following a Fed meeting that resulted in an expected rate cut.
* * Major US stock indices hit record highs, Stoxx 600 up 0.8% * Euro climbs amid German political turmoil. * British, Swedish central banks cut rates, Norway holds as expected. By Koh Gui Qing and Kevin Buckland.
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25 basis-point rate cut next month, after the Federal Reserve lowered rates by the same magnitude at the end of its two-day policy meeting. Rate futures also implied another 67 bps of reductions for 2025, LSEG calculations showed.
- The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move towards the U.S. central bank's 2% target.
* US weekly jobless claims rise moderately. * * Indexes up: Dow 0.03%, S&P 500 0.65%, Nasdaq 1.39% By Chuck Mikolajczak. U.S. stocks were higher on Thursday after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.
U.S. Treasury yields trimmed losses on Thursday after the Federal Reserve cut interest rates by 25 basis points, as widely expected, amid a cooling labor market, while noting that economic growth remained solid. "Economic activity has continued to expand at a solid pace," the central bank's rate-setting Federal Open Market Committee said at the end of a two-day policy meeting.
The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, as widely anticipated by the market, bringing the federal funds rate to a target range of 4.5% to 4.75%, the lowest since February 2023. With this decision, the Fed slowed the pace of rate cuts compared to September, when policymakers opted for a more substantial 0.5% cut to initiate the easing cycle.
The U.S. dollar slightly pared losses on Thursday after the Federal Reserve cut interest rates by 25 basis points, as was widely expected, with policymakers taking note of a job market that has "generally eased" while inflation continues to move towards the U.S. central bank's 2% target.
Editor?s note: This story has been updated to clarify the exact words omitted. The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, as widely anticipated by the market, bringing the federal funds rate to a target range of 4.5% to 4.75%, the lowest since February 2023.
Argentina's industrial output dropped 6.1% in September compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Thursday. September industrial output in South America's second-biggest economy grew 2.6% compared to August in seasonally adjusted terms, according to the INDEC data.
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year.
The Bond Buyer's Deal of the Year awards will mark the 23rd year it has recognized outstanding achievement in municipal finance. The event, to be held Dec. 3 in New York City, will also include the presentation of the Freda Johnson Awards for Trailblazing Women in Public Finance.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Everen Specialty Ltd. and its affiliate, OCIL Specialty Ltd. Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of ?bbb? on the $200 million, 8.00% deferrable subordinated debentures, due 2034, of Everen Specialty.
WASHINGTON, Nov. 7, 2024 Fannie Mae today announced that it has approved the Mortgage Partnership Finance? Program, administered by the Federal Home Loan Bank of Chicago on behalf of six Federal Home Loan Banks, to sell loans made to Native Americans and secured by tribal trust lands under the company's Native American Conventional Lending Initiative program.
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.
Log In Required
Line of Credit Log In Required
Publication Date