- U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market, and for the first time in five months they saw a lower risk of defaulting on their debt, a survey from the Federal Reserve Bank of New York showed on Tuesday.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K758 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-758. The underlying transaction is collateralized by 26 fixed-rate multifamily mortgage loans.
Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively "synthetic" dollars that can bring benefits to the financial system. Waller said these digital assets linked to the dollar "could have a lot of potential benefits" and "eliminate" inefficiencies in the financial system, as part of comments before The Clearing House Annual Conference 2024, held in New York.
Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively "synthetic" dollars that can bring benefits to the financial system. Waller said these digital assets linked to the dollar "could have a lot of potential benefits" and "eliminate" inefficiencies in the financial system, as part of comments before The Clearing House Annual Conference 2024, held in New York.
64% of Families Used Scholarships to Cover Education Costs in AY 2023-2024 But Misconceptions about Eligibility and Availability Persist November is National Scholarship Month, an ideal time for students and families to explore scholarship opportunities. This press release features multimedia.
Federal Reserve Governor Christopher Waller said on Tuesday that he believes the private sector should take the lead when it comes to payment sector innovations. "I hold the view that it is generally the private sector that can most reliably and efficiently provide goods and services to the economy.
-The Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2% target, two U.S. central bankers said on Tuesday, a view that appears to argue for more interest rate cuts, even as both signaled they were not ready to judge how fast or by how much.
Tokio Marine HCC today announced that AM Best and Fitch Ratings have affirmed the Company?s ratings. ?We are incredibly pleased that AM Best and Fitch have affirmed Tokio Marine HCC?s financial strength ratings of ?A++? and ?AA-,? respectively.
Upstart Holdings Inc (UPST) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes. What Happened: After the market close on Monday, Upstart announced that it intends to offer $425 million?of convertible senior notes due 2030 in a private offering to qualified institutional buyers.
Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning July 9, 2024 through November 8, 2024, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the First T...
The company has secured partnerships with major biogas suppliers, green methanol product offtakers, equipment and technology corporations, and a licensing agreement with MIT. Emvolon, an MIT spun-off technology company that converts greenhouse gas emissions into carbon-negative fuels and chemicals, today announced several commercial and technical milestones.
Retail sales in Brazil rose less than expected in September but recovered from a fall in the previous month, as the strength of Latin America's largest economy keeps in focus amidst the central bank's fight against inflation.
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, announced today that they intend to offer, subject to market conditions and other factors, $400 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement to eligible purchasers, subject to market conditions.
Retail sales in Brazil rose less than expected in September but recovered from a fall in the previous month, as the strength of Latin America's largest economy keeps in focus amidst the central bank's fight against inflation.
Upstart Holdings, Inc. (UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.
Transaction expected to provide additional liquidity to help withstand near-term industrywide challenges GrafTech International Ltd. (EAF) today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend...
* Futures down: Dow 0.16%, S&P 500 0.25%, Nasdaq 0.31% U.S. stock index futures dipped on Tuesday after Wall Street's rally over the past few days following election results as traders awaited key inflation data later in the week for more signals on the country's economic and monetary policy outlook.
Brazil's central bank said on Tuesday that further deterioration in inflation expectations could extend the monetary tightening cycle, with its policy conduct remaining "a fundamental factor" in steering expectations back towards the 3% target.
Protectionist policies from the incoming U.S. administration will hamper global growth and Europe must be better prepared than in 2018, European Central Bank policymakers warned on Tuesday.
Dish Network Corp.?s creditors have rejected the company?s bond exchange offer just ahead of a key deadline, threatening the proposed merger with DirecTV. What Happened: The steering committee of Dish lenders criticized the deal, calling it one of the largest ?engineered at the expense of creditors? in a letter seen by Bloomberg.
Protectionist policies from the incoming U.S. administration will hamper global growth and Europe must be better prepared than in 2018, European Central Bank policymakers warned on Tuesday.
The policies that U.S. President-elect Donald Trump will implement once in office will likely put upward pressure on inflation on both sides of the Atlantic, European Central Bank policymaker Robert Holzmann said on Tuesday. "He means what he has said and he will probably implement it faster than we expect.
Short-dated U.S. Treasury yields jumped to a fresh 3-1/2-month high on Tuesday as investors priced in the possibility of higher rates from U.S. President-elect Donald Trump's proposed policies on taxes and trade tariffs. The bond market had been closed for a holiday the day before.
* Alibaba (BABA), JD.com (JD) say shopper numbers rose, mum on sales specifics. * Apple (AAPL), Xiaomi (XIACF) among brands breaking 1 bln yuan in sales on Alibaba (BABA) platforms. * Home appliances and collectible toys among standout categories. By Casey Hall.
Euro zone government bond yields rose slightly on Tuesday as investors awaited possible clues about the European Central Bank monetary easing path from German economic data. The ZEW Economic Research Institute will issue figures on German investor morale later in the session.
Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand.
South Korean President Yoon Suk Yeol will visit Peru and Brazil on Nov. 14-21 to attend the Asia-Pacific Economic Cooperation and Group of 20 summits, his office said on Tuesday.
Japanese government bond yields inched up on Tuesday, tracking a rise in U.S. Treasury yields during Asian hours, as investors awaited fresh signals on the outlooks for the United States and Japan. The 10-year JGB yield rose 0.5 basis point to 1%, where it has hovered this week, while 10-year JGB futures fell 0.05 points to 143.6 yen.
* Alibaba (BABA), JD.com (JD) say shopper numbers rose, mum on sales specifics. * Apple (AAPL), Xiaomi (XIACF) among brands breaking 1 bln yuan in sales on Alibaba (BABA) platforms. * Home appliances and collectible toys among standout categories. By Casey Hall.
Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday. The survey from National Australia Bank (NAUBF) showed its index of business conditions held at +7 in October.
Australian consumer sentiment rose sharply in November for a second straight month, reaching a 2-1/2-year high with the mood on the economy and finances finally turning optimistic, a survey showed on Tuesday.
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.
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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