The US economy added more jobs than projected in June, while the unemployment rate unexpectedly ticked down, according to government data released Thursday. Total nonfarm payrolls rose by 147,000 last month, the Bureau of Labor Statistics reported.
The Institute for Supply Management's US services index rose to a reading of 50.8 in June from 49.9 in May, compared with expectations for a smaller increase to a reading of 50.6 in a survey compiled by Bloomberg as of 7:45 am ET.
Weekly applications for unemployment insurance unexpectedly declined as continuing claims held steady, government data showed Thursday, while a separate report pointed to stronger-than-expected job growth in June. The seasonally adjusted number of initial claims fell by 4,000 to 233,000 for the week ended June 28, according to the Department of Labor.
RBC on Thursday noted some "better news" in Canada's May trade data, including reporting from the U.S. Census Bureau. RBC noted the Canadian goods trade deficit narrowed in May after spiking to a record high in April.
The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.
The official U.S. jobs report for June delivered a surprisingly sharp turnaround from the gloom triggered by ADP private payroll data just 24 hours earlier. Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists? expectations of 110,000.
The June employment report showed nonfarm payrolls rose by 147,000, above the 106,000 jobs increase expected in a survey compiled by Bloomberg as of 7:30 am ET, while May payrolls saw an upward revision to a 144,000 increase and April payrolls were revised up to a 158,000 increase, for a net upward revision of 16,000 jobs.
The US international trade deficit widened to $71.52 billion in May from a revised $60.26 billion gap in April, a larger deficit than the $71.0 billion gap expected in a survey compiled by Bloomberg as of 7:30 am ET. Exports fell in the month, while imports were slightly lower.
US initial jobless claims fell to a level of 233,000 in the week ended June 28 from an upwardly revised 237,000 level in the previous week, compared with expectations for an increase to 241,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET. The four-week moving average fell by 3,750 to 241,500 after decreasing by 500 to a level of 245,250 in the previous week.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust advanced 0.2% in Thursday's premarket activity, ahead of the June jobs report. US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.1% and Nasdaq futures gaining 0.1% before the start of regular trading.
Alibaba Group (BABA) said Thursday it plans to issue approximately 12 billion Hong Kong Dollars in zero-coupon exchangeable bonds due 2032 tied to Alibaba Health shares listed on the Hong Kong Stock Exchange. The bonds, offered privately to non-US investors, will be exchangeable into Alibaba Health stock, cash, or both, based on terms finalized at pricing, the company said.
US equity markets were marginally trending upwards before the opening bell Thursday as traders await the national employment situation report for June.
Wall Street futures pointed sideways pre-bell Thursday as traders took to sidelines ahead of the June employment situation report from Washington. The private sector ADP national jobs report, issued Wednesday, unexpectedly showed private nonfarm payrolls declined in June, the first net reduction in more than two years.
Arbor Realty Trust, Inc. (ABR) today announced that its subsidiary, Arbor Realty SR, Inc., has priced an offering of $500 million aggregate principal amount of 7.875% 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, and outside the United States to non-United States perso...
Capital Southwest Corporation (CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced that Fitch Ratings has affirmed Capital Southwest?s investment grade long-term issuer rating of BBB- with a stable outlook.
Financial stocks declined in late Wednesday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund shedding 0.2%. The Philadelphia Housing Index rose 0.8%, while the Real Estate Select Sector SPDR Fund advanced 0.1%. Bitcoin climbed 3.6% to $109,552, and the yield for 10-year US Treasuries gained 4.2 basis points to 4.29%. In economic news, Automa...
Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund shedding 0.2%. The Philadelphia Housing Index rose 0.8%, while the Real Estate Select Sector SPDR Fund advanced 0.1%. Bitcoin climbed 3.6% to $109,552, and the yield for 10-year US Treasuries gained 4.2 basis points to 4.29%. In economic news, Automatic D...
Veon (VEON) said Wednesday it completed the pricing of a $200 million private placement of senior unsecured notes due 2029 with institutional investors. The notes, issued by Veon MidCo B.V., are priced at par and carry an annual interest rate of 9%. Settlement is expected on July 15. Veon (VEON) said it will use the proceeds for general corporate purposes and to optimize its capital structure.
Dubai, July 2, 2025: VEON Ltd. (VEON), a global digital operator, announces today that it has completed the pricing of a private placement of USD 200 million of senior unsecured notes due in 2029 with institutional investors, following its announcement on June 16, 2025 that it is considering options to raise external financing through a private placement.
National Bank of Canada on Wednesday maintained an outperform rating and $15.00 price target on the shares of Snowline Gold (SNWGF), following the company's announcement of a new reduced-intrusion related gold system discovery and an update on its 2025 field program.
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding about 0.4%. The Philadelphia Housing Index was up 0.4%, while the Real Estate Select Sector SPDR Fund was easing 0.3%. Bitcoin was up 3.2% at $109,705, and the yield for 10-year US Treasuries was rising 5.3 basis points to 4.30%. In economic news...
Performance Shipping Inc. (PSHG) announced today that it has successfully placed USD 100 million of bonds in the Nordic bond market. The net proceeds from the bond issue shall be used for tanker acquisitions or bond repurchases.
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.4%. The Philadelphia Housing Index was up 0.4%, and the Real Estate Select Sector SPDR Fund was easing 0.3%. Bitcoin was increasing 3.2% to $109,705, and the yield for 10-year US Treasuries was rising 5.3 basis points to 4.30%. In economic news...
European stock markets closed mostly higher Wednesday as the Stoxx Europe 600 gained 0.13%, Germany's DAX 40 climbed 0.41%, France's CAC rose 1.04%, and the Swiss Market Index increased 0.16%. The FTSE 100 eased 0.13%. The euro area seasonally adjusted unemployment rate was 6.3% in May, up from 6.2% in April and down from 6.4% a year earlier, according to Eurostat, the statistical office of the...
B2Gold (BTG) maintained its stock ratings and price targets at both RBC Capital Markets and National Bank as the company achieved the first gold pour at the Goose project in Nunavut. The company retained its Sector Perform rating and US$4.50 price target at RBC, which described the first gold pour as "a significant milestone" for the project, with commercial production guided for Q3 2025.
DeFi Development Corp. (DFDV), the first public company with a treasury strategy built to accumulate and compound Solana, today announced the pricing of its upsized private offering of $112.5 million aggregate principal amount of 5.5% convertible senior notes due 2030, to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amen...
The U.S. labor market is flashing a rare warning sign after private sector payrolls fell in June for the first time in over two years, raising concerns about the economy?s health and increasing bets on Federal Reserve interest rate cuts. Private employers cut 33,000 jobs last month, according to the ADP National Employment Report released Thursday.
Integrated tools and exclusive benefits empowering millions of entrepreneurs across both platforms to seamlessly source products and drive sales worldwide? NEW YORK ? Alibaba.com, a leading global business-to-business marketplace, and Wix.com Ltd. (WIX), the leading SaaS website builder platform globally1, today announced a strategic partnership aimed at empowering digital entrepreneurs, new busines...
ADP's monthly measure of private payrolls showed a 33,000 decrease in June, compared with expectations compiled by Bloomberg for an increase of 98,000 jobs.
Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into the expected retail powerhouse.
DeFi Development Corp. (DFDV), the first public company with a treasury strategy built to accumulate and compound Solana, today announced the pricing of its upsized private offering of $112.5 million aggregate principal amount of 5.5% convertible senior notes due 2030, to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amen...
Inflation related to President Donald Trump's widespread tariff rollout is still likely, but it may be less severe than originally thought. Following Trump's move to announce import duties on dozens of countries on April 2, a date the president called "liberation day," inflation expectations rose among Federal Reserve policymakers as well as private-sector economists.
Jerome Powell, the Chair of the Federal Reserve, indicated that the central bank would have implemented a more lenient monetary policy if not for President?Donald Trump?s tariff strategy. What Happened: Powell made the revelation during a panel discussion on Tuesday.
"The decision is in line with the Eurosystem?s commitment to supporting innovation without compromising on safety and efficiency in financial market infrastructures," a release said.
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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