BEIJING, Nov. 13, 2024 Chinese President?Xi Jinping is traveling from November 13 to 21 to attend the 31st APEC Economic Leaders' Meeting and pay a state visit to Peru, and attend the 19th G20 Summit and pay a state visit to Brazil, at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra and Brazilian President Luiz In?cio Lula da Silva.
The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. Cryptocurrency bitcoin also shot to a fresh record high of $93,480 overnight, and was rising back towards that level early in Asia's day.
Gilead Sciences, Inc. (GILD), a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, today announced the pricing of senior unsecured notes in an aggregate principal amount of $3.5 billion, in an underwritten, registered public offering, consisting of $750 million of 4.80% senior notes maturing in 2029, $1 billion of 5.10% senior notes maturing ...
Australia's employment growth slowed in October after a strong run, but the jobless rate stayed low and underlying trends remained relatively healthy, suggesting there is little rush to cut interest rates. Figures from the Australian Bureau of Statistics on Thursday showed net employment rose 15,900 in October from September, when they jumped by a revised 61,300.
A man killed himself with a bomb outside Brazil's Supreme Court after trying to enter the building on Wednesday, officials said, stirring security concerns before the country hosts global leaders from the Group of 20 major economies. The blasts come five days before the G20 heads of state meet in Rio de Janeiro, followed by a state visit to the capital Brasilia by Chinese President Xi Jinping.
Brazil's incoming central bank chief Gabriel Galipolo said on Wednesday that pursuing its 3% inflation target is non-negotiable for policymakers, but that there are various paths to achieve that goal.
* October CPI rises in line with forecast. * Rivian soars after Volkswagen increases investment. * Spirit plummets on report of bankruptcy preparation. * Indexes: Dow up 0.11%, S&P 500 up 0.02%, Nasdaq off 0.26% By Sin?ad Carew and Purvi Agarwal.
AM Best has downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b? from ?bb-? of Upstream Life Insurance Company. The ratings reflect Upstream Life?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and weak enterprise risk management.
* CPI meets expectations. * Bitcoin tops $93,000. * US yields off earlier lows. By Chuck Mikolajczak. A gauge of global stocks fell for a second straight session on Wednesday and longer-dated U.S. Treasury yields rose in choppy trading as investors assessed the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The.
* US CPI comes in line with forecasts, short-dated yields fall. * US rate futures raise odds of Fed easing in December. * US yield curve steepens as cuts priced in. By Gertrude Chavez-Dreyfuss.
The Dow and the S&P 500 rose slightly on Wednesday after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December. The consumer price index rose 0.2% in October for the fourth straight month and advanced 2.6% on an annual basis, the Labor Department's Bureau of Labor Statistics said.
Synaptics? Incorporated today announced its intention to offer, subject to market and other conditions, $400.0 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
West Texas Intermediate crude oil is set to price at $60-80 per barrel in the near-future, Devon Energy CEO Richard Muncrief told attendees at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City on Wednesday. Crude demand is set for modest growth in 2025 compared with 2024, Muncrief added.
Market reaction to inflation numbers was "tempered," said Richard Flax, chief investment officer at Moneyfarm. But should inflationary pressures hold in 2025, "markets may anticipate that further rate cuts could be limited in scope, suggesting a more cautious investment outlook."
KBRA has placed Chicago's general obligation bond rating on watch for downgrade as the City Council prepares to vote tomorrow on a proposed property tax increase.
* CPI meets expectations. * Bitcoin tops $93,000. * US yields off earlier lows. By Chuck Mikolajczak. A gauge of global stocks declined for a second straight session and longer-dated U.S. Treasury yields edged up in choppy trading as investors assessed the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The.
When communities can't access affordable insurance, it can decrease home values, tank municipal bond ratings, and cripple the tax base ? and this will only get worse if left unaddressed.
- Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank's interest-rate cuts to date acknowledge its growing confidence that inflation is headed down, but gave no steer on how many more rate cuts he feels may be appropriate.
The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress may slow or reverse, St. Louis Fed President Alberto Musalem said on Wednesday.
* Recent data raise risks of inflation progress slowing, reversing. * Musalem expects inflation to converge to 2% over medium term. * Fed cut rates by 25 basis points last week, another cut expected in December.
Onshore wind industry investment is struggling despite the U.S. Inflation Reduction Act, Geoffrey Hebertson, lead renewables analyst at Rystad Energy, told attendees at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City on Wednesday.
Rudy MeJia Jr. has been fined and given an eight-month suspension from associating with any FINRA member firm for failing to disclose that he opened a private investment pool and was receiving commission for sales on behalf of it.
Trump's proposed corporate tax cut, if enacted, would further concentrate the buyer base and increase the chance of volatility, said Wells Fargo head of municipal strategy Vikram Rai.
* CPI rises 0.2% in October as forecast. * Rivian soars after Volkswagen increases investment. * Spirit Airlines (SAVE) plummets after report says preparing for bankruptcy filing. * Indexes: Dow up 0.44%, S&P 500 up 0.22%, Nasdaq down 0.01% By Purvi Agarwal and Lisa Pauline Mattackal.
-The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December.
Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and "nonsense," still isn't an uber-bull, though.
PureCycle Technologies (PCT), which bought back its muni bonds earlier this year, continues to sell them on to support its liquidity needs, CFO Jaime Vasquez said.
Euro zone yields retreated from the day's highs on Wednesday after data showed U.S. inflation increased as expected in October, which prompted traders to ramp up their bets on a Federal Reserve rate cut next month. The U.S. consumer price index rose 0.2% for the fourth straight month, the Labor Department's Bureau of Labor Statistics said on Wednesday.
* Bitcoin surges to new all-time peak. * Yen drops below 155 per dollar. * Dollar index hits highest since mid-April. By Chibuike Oguh. The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line with expectations, suggesting the Federal Reserve will keep cutting rates.
Canada's main stock index rose slightly on Wednesday after a rally in the previous session, as U.S. inflation data reinforced expectations for a Federal Reserve interest-rate cut next month. The S&P/TSX composite index was up 15.64 points, or 0.06%, at 24,983.65, hovering near a record high it hit on Tuesday.
* CPI meets expectations. * Stocks retreat after briefly moving higher. * US Yields off earlier lows. By Chuck Mikolajczak. A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor.
Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the New York Federal Reserve said in a report released on Wednesday.
Most Latin American currencies traded
flat to lower against a volatile dollar on Wednesday, while
Brazil's real dipped after a planned central bank dollar auction
was postponed and investors ...
October's Consumer Price Index rose from 2.4% in September to 2.6% in October, in line with economist predictions. Experts Weigh In: Minneapolis Fed President Neel Kaskari appeared on Bloomberg TV following the CPI data release and said that he has been surprised at the resilience of the U.S. economy in the face of high interest rates.
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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