Wall Street's main indexes opened higher on Wednesday, with the benchmark S&P 500 and the Nasdaq hitting all-time highs as investors focused on upcoming economic data as well as remarks from Federal Reserve Chair Jerome Powell.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Mongolian National Reinsurance JSC. The ratings reflect Mongolian Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Prestigious industry recognitions and strategic partnerships with top firms in Canada, the U.K. and the U.S. fuel Conquest?s strong growth trajectory Conquest Planning Inc., a technology platform modernizing financial planning with customized and consumable advice, today celebrates a significant milestone after recently surpassing 1 million financial plans.
St. Louis Federal Reserve President Alberto Musalem said on Wednesday he's not ready to say what he thinks the U.S. central bank should do at its policy meeting later this month.
Safe is on a mission to simplify cross-chain interactions, drive onchain activity, and accelerate mainstream adoption ?ZUG, Switzerland, Dec. 4, 2024 /PRNewswire/ -- The Safe Ecosystem Foundation, steward of the community behind Safe, announces the launch of Safenet, a transaction processor network designed to overcome major barriers in scaling decentralized finance and move the $100 trillion ...
Euro zone economic growth could be weaker in the months ahead and downside risks dominate the medium term outlook, European Central Bank President Christine Lagarde said in a parliamentary hearing on Wednesday. The euro zone economy has been virtually stagnant for the past 18 months, and a long-delayed recovery is now also at risk from political turmoil in France.
St. Louis Federal Reserve President Alberto Musalem said on Wednesday he expects the U.S. central bank will be able to continue to cut interest rates but warned the pace of future actions has grown less clear.
St. Louis Federal Reserve President Alberto Musalem said on Wednesday he expects the U.S. central bank will be able to continue to cut interest rates but isn't ready to say what he thinks should happen at its policy meeting later this month.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of senior unsecured notes.
Industrial production in Brazil unexpectedly fell in October from the previous month, statistics agency IBGE said on Wednesday, a weak start to the fourth quarter after it helped drive strong economic expansion in the prior three months.
* French lawmakers vote on no-confidence motion around 1800 GMT. * Australian dollar drops to four-month low after GDP data. * Korean won comes off two-month low after political turmoil. * BOJ pricing shift weakens yen. By Kevin Buckland and Alun John.
-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.
Russian President Vladimir Putin called for the government and central bank to coordinate their efforts to curb high inflation, saying on Wednesday that increasing the supply of goods and services to match demand was the way to rein in price growth.
U.S. private payrolls increased at a moderate pace in November, the ADP National Employment Report showed on Wednesday. Private payrolls rose by 146,000 jobs last month after advancing by a downwardly revised 184,000 in October. Economists polled by Reuters had forecast private employment increasing by 150,000 positions after a previously reported 233,000 jump in October.
ROSELAND, N.J., Dec.?4, 2024 ?Private sector employment increased by 146,000 jobs in November and annual pay was up 4.8 percent year-over-year, according to the November ADP? National Employment ReportTM produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
Some Midwest states, notably Michigan and Ohio, dipped well below a national average that saw roughly two of every three school bond measures approved in November.
-National Bank of Canada (NTIOF) reported a rise in fourth-quarter profit on Wednesday, helped by strong performance in its wealth management unit. In October, the Bank of Canada cut interest rates for the fourth time in a row, marking a shift towards a low inflation era, and boosting banks' loan growth as lower rates prompt consumers to take more loans.
National Bank of Canada (NTIOF) reported a rise in fourth-quarter profit on Wednesday, helped by strong performance in its wealth management unit. The bank's adjusted profit rose to C$928 million, or C$2.58 per share, for the three months ended Oct. 31, from C$850 million, or C$2.39 per share, a year earlier.
A look at the day ahead in U.S. and global markets from Mike Dolan. A bizarre 24-hour period in which the world's 12th-biggest economy briefly introduced martial law left markets pondering geopolitical risks next year while awaiting a casting vote, or at least a steer, on whether the Federal Reserve eases this month.
A look at the day ahead in U.S. and global markets from Mike Dolan A bizarre 24-hour period in which the world's 12th-biggest economy briefly introduced martial law left markets pondering geopolitical risks next year while awaiting a casting vote, or at least a steer, on whether the Federal Reserve eases this month.
Sterling briefly dipped against the dollar on Wednesday after Bank of England Governor Andrew Bailey said gradual cuts in interest rates were likely over the coming year, and the process of falling inflation was well embedded. The pound fell as much as 0.33% to $1.2630 after Bailey's remarks to the Financial Times Global Boardroom event.
IREN Limited (IREN) today announced the pricing of its offering of $400 million aggregate principal amount of 3.25% 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.
All three major U.S. stock indexes scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce (CRM) and as comments by Federal Reserve Chair Jerome Powell gave a late boost to the market.
All three major U.S. stock indexes scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce (CRM) and as comments by Federal Reserve Chair Jerome Powell gave a late boost to the market.
* Futures up: Dow 0.42%, S&P 500 0.23%, Nasdaq 0.54% U.S. stock index futures rose on Wednesday, with those tied to the S&P 500 hitting all-time highs as investors focus on upcoming data and commentary from central bank officials including Chair Jerome Powell.
The crown extended gains after
the Czech central bank governor flagged a probable pause in
monetary easing, while the zloty was flat ahead of a Polish
interest rate decision later on Wednesday.
* OECD cuts 2025 German GDP forecast. * Germany to be euro zone's laggard the two coming years. * Weak demand and tight fiscal policies hindering growth. By Rene Wagner and Maria Martinez. BERLIN, Dec 4 - The OECD has trimmed its forecast for German economic growth next year due to political uncertainty and tight fiscal policy, while still anticipating stagnation this year, it said on Wednesday.
Britain's dominant services sector lost steam in November, although not by as much as first feared, as a looming rise in employer taxes weighed on firms' hiring plans, a survey showed on Wednesday.
* ADP employment report due at 1315 GMT. * US payrolls report due on Friday. * South Korean president faces impeachment calls. By Daksh Grover. Gold held steady on Wednesday as safe-haven demand countered a slight recovery in the U.S. dollar while markets await U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for clues on the U.S. central bank's policy outlook.
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.
Log In Required
Line of Credit Log In Required
Publication Date