Mercado Libre, the leading e-commerce and fintech platform in Latin America, announces that S&P Global Ratings has upgraded its rating to investment grade ?BBB-?, with a Stable Outlook. About Mercado Libre Founded in 1999, MercadoLibre, Inc (MELI) is the leading company in e-commerce and financial technology in Latin America, with operations in 18 countries.
Canada's youth unemployment rate was probing more than decade highs ahead of the June Labour Force Survey due out later Friday, said Bank of Montreal. At more than 14%, Canada is currently still seeing that rate at recession-like levels, noted the bank.
The Bank of Canada announced the end of quantitative tightening at its Jan. 29 meeting, alongside an extra 5bps cut in the deposit rate, noted RBC. Term repos started on schedule in early March and have been running every two weeks since then.
There is still no news on the European Union trade proposal to the United States, but in ING's view, an EU-U.S. trade deal is unlikely to have a "significant" directional impact on EUR/USD, which remains primarily tied to Federal Reserve and US data dynamics.
The average long-term U.S. mortgage rate has risen, marking the end of a five-week downward trend. What Happened: The average rate for a 30-year U.S. mortgage increased to 6.72% from 6.67% last week, as reported by ABC News via mortgage buyer Freddie Mac. This increase follows five consecutive weeks of falling borrowing costs for homebuyers.
The renowned Warren Buffett Indicator, a crucial valuation metric comparing total stock market capitalization to the Gross Domestic Product, has reached 208.42%. What Happened: This figure, according to LongtermTrends, calculated using the S&P 500 and the broader Wilshire 5000 index's capitalization, significantly surpasses levels seen before major market corrections ? it was around 140% before...
The S&P 500 and the Nasdaq Composite notched new record closing highs on Thursday as traders digested remarks by a Federal Reserve official while brushing aside any tariffs worries.
In the preceding three months, 6 analysts have released ratings for MarketAxess Holdings (MKTX), presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
US benchmark equity indexes closed higher on Thursday after US jobless claims unexpectedly declined, and St. Louis Fed President Alberto Musalem weighed in on tariffs.
US benchmark equity indexes ended higher Thursday after US jobless claims fell unexpectedly, and US President Donald Trump announced 50% tariffs on imported copper and Brazilian goods. * US initial jobless claims last week dropped to 227,000, down from a revised 232,000 the week before, defying expectations in a Bloomberg survey for an increase to 235,000, Labor Department data showed.
Gevo, Inc. (GEVO) is pleased to announce that Barclays Capital Inc. has purchased $40 million of newly issued non-recourse tax-exempt private activity bonds issued by the Iowa Finance Authority for the benefit of Gevo?s wholly owned subsidiary, Gevo NW Iowa RNG, LLC.
Financial stocks rose in late Thursday afternoon trading with the NYSE Financial Index gaining 0.5% and the Financial Select Sector SPDR Fund advancing 0.7%. The Philadelphia Housing Index climbed 1.3%, and the Real Estate Select Sector SPDR Fund added 0.8%. Bitcoin gained 3% to $113,519, and the yield for 10-year US Treasuries was little changed at 4.35%. In economic news, US initial jobless c...
US benchmark equity indexes are on track to close higher on Thursday after US jobless claims declined against expectations and comments from a Federal Reserve official on tariffs.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index up 0.4% and the Financial Select Sector SPDR Fund ahead 0.6%. The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund added 0.8%. Bitcoin was increasing 3% to $113,519, and the yield for 10-year US Treasuries rose slightly to 4.35%. In economic news, US initial jobl...
Weekly applications for unemployment insurance in the US unexpectedly fell, while continuing claims reached the highest since November 2021, government data showed Thursday. The seasonally adjusted number of initial claims declined by 5,000 to 227,000 for the week ended July 5, according to the Department of Labor.
Most states have already enacted their budgets for the fiscal year as the effects of Medicaid restrictions and tax policy changes in the One Big Beautiful Bill are being analyzed and raising concern.
US benchmark equity indexes were higher intraday as markets parsed remarks by a Federal Reserve official and continued to monitor tariff updates. The Dow Jones Industrial Average was up 0.6% at 44,730.5 after midday Thursday, while the S&P 500 rose 0.3% to 6,282.6. The Nasdaq Composite added 0.1% to 20,626.9. On Wednesday, the technology-heavy Nasdaq hit a fresh record high.
Gold traded higher for a second day midafternoon on Thursday on safe haven demand and concerns over U.S. tariff policies even as the dollar and treasury yields rose. Gold for August delivery was last seen up US$4.70 to US$3,325.70 per ounce. The precious metal has traded in a tight range since falling off the June 13 record higher of US$3,452.80 per ounce on June 13.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund ahead 0.6%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund added 0.9%. Bitcoin was increasing 4% to $113,546, and the yield for 10-year US Treasuries was up 2 basis points at 4.36%. In economic news, US initial j...
Federal Reserve Governor Christopher Waller said Thursday in prepared remarks that the US central bank should continue shrinking the size of its balance sheet but not by as much as some economists have suggested. Bank reserves are currently above an "ample" level that the Fed strives for and should ideally be about $2.7 trillion, Waller said in his speech at the Dallas Fed.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund ahead 0.6%. The Philadelphia Housing Index was climbing 1.8%, and the Real Estate Select Sector SPDR Fund added 1.1%. Bitcoin was increasing 1.9% to $113,338, and the yield for 10-year US Treasuries was up 2 basis points at 4.36%. In economic news, US in...
US equity indexes traded mixed as jobless claims unexpectedly fell and investors weighed President Donald Trump's latest moves on tariffs. The Nasdaq slipped less than 0.1% at 20,595.88 after hitting a new all-time high of 20,653.86 earlier in the session. Consumer discretionary and healthcare led the gainers, while communication services and technology were the twin decliners intraday.
US equity indexes were mixed at elevated levels after weekly jobless claims unexpectedly fell and as investors weighed new tariff announcements by President Donald Trump on copper and Brazil. The Nasdaq slipped less than 0.1% at 20,595.88 after hitting a new all-time high of 20,653.86 earlier in the session.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.72%. ?After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report,? said Sam Khater, Freddie Mac?s Chief Economist.
Canada updates the Labour Force Survey for June at 8:30 a.m. ET on Friday, noted Scotiabank. The bank estimates a gain of 15,000 and an unchanged unemployment rate of 7%. It's hardly a high conviction call. Seasonal adjustment factors are likely to bias the estimated change higher, all else equal, stated Scotiabank. Small business hiring attitudes have improved somewhat of late, added the bank.
Builders FirstSource (BLDR) is facing a weaker backdrop for single-family housing starts and a more challenging competitive environment for the rest of the year, Oppenheimer said in a note Thursday. The brokerage said it sees 2025 as a transitional period for the company as it absorbs softer demand, continued margin normalization, and less capacity for acquisitions and share buybacks.
Initial jobless claims decreased by 5,000 to 227,000 in the week ended July 5, trimming the four-week moving average by 5,750 to 235,500. Insured claims rose by 10,000 to 1.965 million in the week ended June 28.
Gold traded higher for a second day early on Thursday on safe haven demand and concerns over U.S. tariff policies even as the dollar and treasury yields rose. Gold for August delivery was last seen up US$10.90 to US$3,331.90 per ounce. The precious metal has traded in a tight range since falling off the June 13 record higher of US$3,452.80 per ounce on June 13.
June inflation should come with few surprises in the United Kingdom, said Deutsche Bank. After a pullback in headline inflation over May, the bank sees inflation rates edging a little higher in June, commencing its ascent over summer. Deutsche Bank predicts headline consumer price index pushing to 3.48% year over year from 3.36% in May. Core CPI, the bank expects, will stay at 3.5% year over year.
US initial jobless claims fell to a level of 227,000 in the week ended July 5 from a downwardly revised 232,000 level in the previous week, compared with expectations for an increase to 235,000 in survey of analysts compiled by Bloomberg as of 7:40 am ET. The four-week moving average fell by 5,750 to 235,500 after decreasing to a revised level of 241,250 in the previous week.
US equity futures were little changed pre-bell Thursday ahead of the release of the weekly jobless claims report while the global tariff situation remained a focal point for investors.
Serbia's central bank on Thursday said its Executive Board voted to keep the key policy rate on hold, at 5.75%, leave the deposit rates at 4.5% and the lending facility rate at 7.0%. Year-over-year headline inflation slowed to 3.8% in May, and core inflation to 4.6%. However, as the prices of oil products rose on the back of elevated global oil prices in June and the anticipated effects of adve...
Lundin Gold (LUGDF) late on Wednesday said second-quarter gold production rose to 139,433 ounces from 133,062 ounces. Of the total, 92,242 ounces were produced as concentrate, up from 83,910 ounces. The company sold 136,737 ounces of gold, up from 129,396 ounces. National Bank of Canada on Wednesday maintained Lundin's sector perform rating and $89 price target.
Crude oil prices declined on Thursday amid concerns about global economic growth due to U.S. tariffs, with geopolitical risk premiums diminished following the Israel-Iran ceasefire.
As the minutes of the Federal Reserve?s June meeting were released on Wednesday, the word ?uncertainty? reigned supreme amid the ongoing tariff turmoil and President Donald Trump?s call to cut rates by 3 percentage points.
First Northwest Bancorp (FNWB) ? and its wholly owned subsidiary First Fed Bank today announced that the boards of directors of First Northwest and First Fed and Matthew P. Deines have mutually agreed that Mr. Deines will resign as President and Chief Executive Officer and as a member of the boards of directors of First Northwest and First Fed, effective as of July 12, 2025.
US benchmark equity indexes closed higher on Wednesday after the Federal Reserve's recent meeting minutes indicated divided views among officials regarding potential rate cuts.
"Municipal outperformance against taxable sectors has moved short-term ratios on or through their 252-day moving averages, while intermediate and long maturities are holding at or above average ranges," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Financial stocks advanced in late Wednesday afternoon trading with the NYSE Financial Index gained 0.2% and the Financial Select Sector SPDR Fund climbing 0.3%. The Philadelphia Housing Index rose 2.7%, and the Real Estate Select Sector SPDR Fund was up 0.2%. Bitcoin increased 0.9% to $109,915, and the yield for 10-year US Treasuries fell 7.3 basis points to 4.342%. In economic news, Federal Re...
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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