American consumers are feeling better about the economy than they have in years, as the latest data Tuesday from The Conference Board shows. The Consumer Confidence Index rose from 111.3 in October to 111.7 in November, reaching its highest level in nearly two years, aided by an improving labor market and easing concerns about a potential recession.
* Gold hits lowest since Nov. 18 after Monday's over 3% decline. * Trump pledges fresh tariffs on Canada, Mexico, and China. * Federal Reserve's Nov meeting minutes due later in the day. By Sherin Elizabeth Varghese.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement.
U.S. Treasury yields rose on Tuesday, as a sharp bond rally lost momentum and investors assessed U.S. President-elect Donald Trump's tariff pledges. Trump said on Monday he would impose tariffs on products from Canada, Mexico and China, sparking volatility as investors braced for trade disputes.
U.S. consumer confidence increased to a 16-month high in November amid optimism over the labor market, expectations for lower inflation and higher stock prices over the next year.
U.S. consumer confidence increased to a 16-month high in November amid optimism over the labor market, expectations for lower inflation and higher stock prices over the next year.
* Ford, GM fall after tariff threats. * Best Buy (BBY) plummets after trimming annual sales, profit forecast. * Amgen (AMGN) slips as keenly awaited obesity drug data disappoints. * Indexes: Dow down 0.44%, S&P 500 up 0.20%, Nasdaq up 0.43% By Johann M Cherian and Purvi Agarwal.
-Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. World economies and equity markets have had a robust year, with global growth expected to average 3.1% this year, a Reuters poll published in October showed.
* BANK OF CANADA SAYS IT WILL AUCTION C$2.5 BILLION OF 9-DAY NON-FUNGIBLE CASH MANAGEMENT BILLS ON WEDNESDAY Source text: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/cash-management-bills/
Labor market optimism drove up confidence for a second straight month NEW YORK, Nov. 26, 2024 The Conference Board Consumer Confidence Index? increased in November to 111.7, up 2.1 points from 109.6 in October.
Uniphore to Make Debut at WEF?s Annual Meeting in Davos Uniphore, one of the world?s largest AI-native Enterprise class companies, announced that it has joined the World Economic Forum?s invite-only Innovator Community as a member of their Unicorn Community, which unites private start-up companies that are valued at more than $1 billion.
The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the central bank would incorporate those into its economic forecasts. Trump announced on Monday that he would impose a unilateral 25% tariff on all goods from Canada and Mexico from Jan. 20.
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.
* BoC says will incorporate impact of U.S. tariffs if implemented. * BoC will update its economic forecasts on Jan. 29. * Deputy governor says inflation will fade into background once it settles at 2% By Promit Mukherjee and David Ljunggren.
U.S. single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective homeowners. House prices jumped 0.7% on a month-on-month basis after an upwardly revised 0.4% rise in August, the Federal Housing Finance Agency said on Tuesday.
U.S. single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective homeowners. House prices jumped 0.7% on a month-on-month basis after an upwardly revised 0.4% rise in August, the Federal Housing Finance Agency said on Tuesday.
DENVER, Nov. 26, 2024 Lumen Technologies, Inc. (LUMN) announced today the expiration and results of the cash tender offers of Lumen and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. to purchase any and all of their respective outstanding senior unsecured notes maturing in 2028 identified in the table below pursuant to the terms and subject to the conditions set forth in an Offer to Pur...
Astronics Corporation (ATRO) today announced the pricing of $150 million aggregate principal amount of 5.500% convertible senior notes due 2030 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. The Notes will be Astronics? senior unsecured obligations.
********************************************************************************************************Note to readers: ELFA has updated the name of the Monthly Leasing and Finance Index to the CapEx Finance Index to better reflect what it measures and how it impacts the broader U.S. economy.
-Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.
Brazil's consumer prices rose more than expected in the month to mid-November, data from statistics agency IBGE showed on Tuesday, fueling bets that the central bank may accelerate the pace of its ongoing monetary tightening cycle.
Michael Saylor?s MicroStrategy Inc (MSTR) recently completed its $3 billion offering of 0% convertible senior notes due 2029. What Happened: The sale of the notes was completed in two days as the initial purchasers flocked and exercised the first additional $400 million principal amount on Nov. 20, and the remaining purchase was completed on Nov. 21, 2024.
Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank's Dec. 17-18 meeting.
Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank's Dec. 17-18 meeting.
-The benchmark S&P 500 and the Nasdaq extended recent gains on Tuesday, as technology stocks rebounded, while investors digested President-elect Donald Trump's tariff pledges on top trade partners and the latest minutes from the Federal Reserve.
-Wall Street stocks, led by S&P 500 and the Nasdaq, ended higher on Tuesday, as technology stocks rebounded, while investors digested President-elect Donald Trump's tariff pledges on top trade partners and the latest minutes from the Federal Reserve.
* MOODY'S RATINGS: TAKES RATING ACTIONS ON 7 ADANI GROUP ENTITIES. * MOODY'S RATINGS TAKES RATING ACTIONS ON 7 ADANI GROUP ENTITIES. * MOODY'S - ADANI GREEN ENERGY LIMITED RESTRICTED GROUP BA1 RATINGS AFFIRMED; OUTLOOK CHANGED TO NEGATIVE FROM STABLE. * MOODY'S RATINGS: ADANI TRANSMISSION STEP-ONE LIMITED BAA3 RATINGS AFFIRMED; OUTLOOK CHANGED TO NEGATIVE FROM STABLE.
The European Central Bank will keep cutting interest rates as inflation falls and its focus is slowly shifting to growth, which is proving fragile, ECB Vice President Luis de Guindos told a Finnish newspaper. "Concerns about high inflation have shifted to economic growth," Helsingin Sanomat quoted de Guindos as saying.
* Sri Lanka finance, foreign ministries weigh allegations. * Fitch puts Adani bonds on negative watch. * Moody's changes outlook on seven group firms to negative. * Adani stock losses reach $34 billion. * Adani dollar bonds steady after three days of falls. By Uditha Jayasinghe, Scott Murdoch and Chris Thomas.
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.
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