Even with some recent bouts of volatility, it appears money market liquidity levels remain robust, a top New York Federal Reserve official said on Tuesday, suggesting the case for the Fed to press on with its balance sheet drawdown can proceed.
NEW YORK, Nov. 12, 2024 W. P. Carey Inc. announced today that it has priced an underwritten public offering of ?600 million aggregate principal amount of 3.700% Senior Notes due 2034. Interest on the Notes will be paid annually on November 19 of each year, beginning on November 19, 2025. The offering of the Notes is expected to settle on November 19, 2024, subject to customary closing conditions.
Met or outperformed each guidance metric Total operating expenses declined 17% year-over-year Credit card portfolio sale complete Corporate debt refinancing expected to close on November 14th SAN CARLOS, Calif., Nov. 12, 2024 -- Oportun Financial Corporation (OPRT) today reported financial results for the third quarter ended September 30, 2024.
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, announced today the pricing of their previously announced private offering of $400 million in aggregate principal amount of 6.875% senior unsecured notes due 2032.
Major Wall Street indexes closed lower on Tuesday as investors booked some profits from a post-election rally and turned cautious ahead of U.S. economic data due this week. The three major indexes had rallied to record highs since the Nov. 5 U.S. election as investors bet on a boost to equities from President-elect Donald Trump's proposed tax cuts and the prospect of easier regulatory policies.
* US two-year yields hit highest since late July. * US fed fund futures price in fewer Fed cuts in 2025. By Gertrude Chavez-Dreyfuss. U.S. Treasury yields rose on Tuesday as bond investors jumped back into the market after a long weekend, and resumed pricing in President-elect Donald Trump's policies of lower taxes and trade tariffs that are viewed as inflationary.
* Fed's rate cuts have not improved credit demand. * Commercial and industrial loan demand fell significantly. * Consumer credit card and auto loan demand also weakened.
* Novavax (NVAX) drops on cut to annual revenue forecast. * Honeywell (HON) jumps after Elliott discloses stake. * Russell 2000 falls more than 1% * Indexes down: Dow 0.52%, S&P 500 0.10%, Nasdaq 0.02% By Sin?ad Carew and Lisa Pauline Mattackal. Nov 12 - Wall Street's main indexes fell on Tuesday as investors booked profits from post-election gains and awaited U.S. inflation data due in the coming days.
KBRA assigns a long-term rating of AAA to the State of Connecticut Special Tax Obligation Bonds, Transportation Infrastructure Purposes, 2024 Series A and Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2024 Series B. KBRA additionally affirms the long-term rating of AAA for the State's outstanding Special Tax Obligation Bonds, Transportation Infrastructure Purpo...
- Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow inflation and the economy, but not by a lot. "The U.S. economy is in a good place," Kashkari said at a Yahoo!
-U.S. banks saw weaker demand for a key category of business loans during the third quarter, while the demand picture for consumer credit card and auto loans also softened, according to a Federal Reserve survey on Tuesday that showed the Fed's pivot to lower interest rates has yet to improve credit demand.
Argentina's monthly inflation rate stood at 2.7% in October, landing below a Reuters poll forecast of 3.0% and down from 3.5% in September, data from the INDEC statistics agency showed on Tuesday. Inflation in the 12 months through September reached 193.0%, among the highest rates in the world, a touch below the poll forecast of 193.9% and slowing from a rate of 209.0% recorded the previous month.
Early Career Talent Receives Meaningful Work Experience TORONTO, Nov. 12, 2024 With the global unemployment rate at 13%?for those aged 15-24,? Geotab continues to step up by providing young people hands-on work experience. The program is designed to help early career talent from universities and colleges begin their journey in the working world.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Peace Hills General Insurance Company. The ratings reflect Peace Hill?s balance sheet strength, which AM Best assesses as very strong as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
* US two-year yields hit highest since late July. * US fed fund futures price in fewer Fed cuts in 2025. * Republicans win majority of US House seats. By Gertrude Chavez-Dreyfuss.
- 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.
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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