With its low unemployment rate, highly educated population, modest home prices, and vibrant cultural scene, Madison surprises as the top emerging city for 2025.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced a proposed offering by way of a private placement of a total of $750.0 million aggregate principal amount of its Senior Notes due 2033.
* Tesla slips after its China-made EV sales drop in Nov. * October JOLTS data due at 10 a.m. ET. * Futures: Dow down 0.03%, S&P 500 up 0.03%, Nasdaq down 0.05% By Shashwat Chauhan and Purvi Agarwal.
* GDP rose 0.9% quarter-on-quarter, 4.0% year-on-year in Q3. * Finance ministry to bump up current 3.3% annual growth forecast. * Economic strength points to extended interest rate tightening. By Marcela Ayres.
Brazil's gross domestic product grew by 0.9% in the third quarter, data from government statistics agency IBGE showed on Tuesday, matching the forecast in a Reuters poll of economists. On an annual basis, GDP rose 4.0%, slightly above the projected 3.9% expansion.
Monetary easing by central banks across developed and emerging economies trundled along in November with markets warily gearing up for a new year that could bring tectonic shifts to the global policy making backdrop. Four of the six central banks overseeing the 10 most heavily traded currencies that held meetings in November lowered their lending benchmarks.
Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge. The pound was last up 0.16% at $1.2678, recovering some of Monday's 0.7% loss.
The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. The Dow finished slightly lower. Marketwatchers also digested reassuring comments from Federal Reserve policymakers. They stayed away from signaling whether they would support another interest rate cut later this month.
* Futures: Dow down 0.01%, S&P 500 up 0.04%, Nasdaq down 0.02% U.S. stock index futures were muted on Tuesday after the S&P and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
* Fed likely to deliver 25bp rate cut in Dec -UBS. * US job openings data due at 1500 GMT. * Fed's Waller says inclined to cut rates in December. * Benchmark US 10-year Treasury yields near late Oct lows. By Daksh Grover.
Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices.
Swiss inflation rose less than expected in November, official data showed on Tuesday, boosting bets for a bigger interest rate cut by the Swiss National Bank next week. Swiss annual inflation advanced to 0.7% in November from 0.6% the previous month, according to figures from the Federal Statistics Office.
Qube Holdings Ltd (QUBHF): * QUBE SUCCESSFULLY PRICES A$600 MILLLION OF SENIOR UNSECURED NOTES. * 7 YEAR NOTES PRICED AT A YIELD OF APPROXIMATELY 5.65% * SETTLEMENT OF ISSUANCE IS SCHEDULED ON 11TH DEC Further company coverage:
Japanese government bond yields hovered in a tight range on Tuesday, as an auction for 10-year bonds made few waves amid heightened expectations that the Bank of Japan will raise interest rates this month. The 10-year JGB yield rose to as high as 1.085% but was last flat at 1.075% after the auction, while 10-year JGB futures rose 0.05 points to 142.87 yen.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% 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.
On Monday, Federal Reserve Governor Christopher Waller indicated he is ?leaning toward? supporting an interest rate cut at the central bank?s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed?s 2% target.
Cencora, Inc. (COR) today announced that it priced $500 million aggregate principal amount of its 4.625% Senior Notes due December 15, 2027, $600 million aggregate principal amount of its 4.850% Senior Notes due December 15, 2029 and $700 million aggregate principal amount of its 5.150% Senior Notes due February 15, 2035, in an underwritten registered public offering.
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 MARA Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2031. The notes will be unsecured, senior obligations of MARA.
Gold prices edged higher on Tuesday, supported by growing expectations of a U.S. interest rate cut this month, as focus shifted to upcoming economic data for additional insights. FUNDAMENTALS. * Spot gold was up 0.1% at $2,642.42 per ounce, as of 0103 GMT, after falling as much as 1% on Monday.
Federal Reserve Bank of New York President John Williams said on Monday that while it was clear interest rates are likely go down over time, he could not yet say what the central bank's next move will be.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the November 2024 servicer reporting period. In November, CMBS loans totaling $2.1 billion were newly added to the distress rate, of which 51.4% were due to imminent or actual maturity default.
* Fed's Waller says inclined to cut rates in December meeting. * Chances of 25-bp easing rises after Waller's remarks. * Focus on raft of U.S. employment data this week. By Tatiana Bautzer.
SALT LAKE CITY, Dec. 2, 2024 Extra Space Storage Inc. (EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP, has priced a public offering of $300 million aggregate principal amount of additional 5.700% senior notes due 2028.
Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool.
Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool.
AMESBURY, Mass. The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. indie ex...
* Brent and WTI rose more than 1% earlier in the session. * China's factory activity expands in November. * Atlanta Fed President says open mind about whether to cut rates. * OPEC+ to discuss oil policy on Dec. 5. By Arathy Somasekhar.
Federal Reserve Gov. Christopher Waller, a Trump appointee, said that while recent inflation readings are concerning, monetary policy would remain restrictive even if the central bank cuts interest rates by another quarter-point this month.
Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast to fall to 2% he is inclined "at present" to support another interest rate cut later this month.
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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