The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was ? in part ? meant to focus on banks' crypto activity.
On?August 12, the Dominican Republic celebrated?D?a Nacional de las Zonas Francas? with an event attended by?President Luis Abinader?and?Minister of Industry, Commerce and MSMEs, V?ctor Bison?, reaffirming the government?s strong commitment to the free zones sector as a driver of exports, jobs, innovation and economic growth.
Obsidian Energy (OBE) dropped 2.7% after the company said its offer to repurchase up to $48.4 million in outstanding 11.95% senior unsecured notes due July 2027 was undersubscribed. Obsidian said only $1.4 million aggregate principal amount of the notes were validly tendered at the Aug. 12 deadline. Upon completion of the offer, Obsidian said it has $110.8 million of notes outstanding.
The European stock markets closed mixed in Friday trading as The Stoxx Europe 600 was off 0.02%, Germany's DAX edged 0.01% lower, the FTSE 100 declined 0.42%, France's CAC rose 0.67%, and the Swiss Market Index was up 0.61%. Swiss economic output grew by only 0.1% in Q2, according to flash estimates from the Swiss Federal Statistical Office.
National Bank of Canada maintained its outperform rating on the shares of Equinox Gold (EQX) while raising its price target to $12.00 from $11.00 following the miner's better than expected second-quarter results.
National Bank of Canada reiterated its outperform rating on the shares of Metalla Royalty & Streamingwhile raising its price target to $7.50 from $7.25, following the company's second-quarter results. Metalla's second-quarter results include adjusted EBITDA of US$1.5 million that aligned with the bank's estimates.
US retail sales rose less than projected in July amid declines in purchases of building materials and electronics, data from the Census Bureau showed Friday. Sales increased 0.5% last month sequentially following an upwardly revised 0.9% rise in June, according to the Census Bureau. On annual basis, retail sales rose 3.9%, marking a slowdown from a 4.4% jump in June.
Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.
After two solid months of improving mood among U.S. consumers, sentiment unexpectedly cooled in August as concerns over inflation reemerged and weighed heavily on household confidence. The University of Michigan's Consumer Sentiment Index fell to 58.6 in August, down from 61.7 in July and missing expectations of a rise to 62.
Cryptocurrencies continue to struggle after Thursday?s producer price inflation data release, which may have derailed crypto?s near-term prospects. What Happened: Prominent analyst Benjamin Cowen attributes the crypto selloff to a sharp rise in producer price index inflation, which jumped from 2.3% to 3.3% year-over-year, well above expectations.
Rishi Sondhi over at TD Economics has said, after reading Existing Home Sales data for July 2025, that "pent-up demand temporarily sidelined earlier in the year returned to markets with some force last month", supported by "ample choice" in Toronto and Vancouver. Sondhi said: "This improving trend will likely maintain itself through next year.
A spike in producer prices introduced a "note of unease" into the Federal Reserve's outlook, according to Chicago Fed President Austan Goolsbee. The inflation surprise was concentrated in areas unlikely to be affected by tariffs. "The first two of the four inflation reports came in quite mild, and we were feeling good," Goolsbee said Friday in an interview with CNBC.
The University of Michigan's preliminary consumer sentiment index fell to 58.6 in August from 61.7 in July, below expectations for an increase to 62.0 in a survey compiled by Bloomberg as of 7:35 am ET.
Gold was steady early on Friday as the dollar weakened after a day-prior report showed U.S. wholesale inflation surged last month, failing to dent expectations the Federal Reserve will cut interest rates next month.
U.S. retail sales posted a robust growth in July, signaling that American consumers remain resilient despite rising import prices and ongoing concerns over President Donald Trump?s trade tariffs. Retail and food service sales rose 0.5% month-over-month to a seasonally adjusted $726.1 billion in July, according to the U.S. Census Bureau.
US retail sales rose by 0.5% in July, a slower gain than the 0.6% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's 0.9% increase. Excluding a 1.6% increase in motor vehicle sales, retail sales were up 0.3%, as expected.
The Bank of Israel is scheduled to hold its next policy meeting on Wednesday, noted UBS. In July, Israel's central bank kept the policy rate at 4.50% and maintained a hawkish stance, citing elevated domestic and global uncertainty, a tight labor market and the risk of increased demand amid constrained supply conditions, while refraining from providing clear guidance on rate cuts.
Wednesday's Bank of Canada Summary of Deliberations reiterated that uncertainty around trade and concern about sticky inflation are keeping the BoC sidelined for now, said Rosenberg Research. "That is nutty," stated Rosenberg Research.
Obsidian Energy (OBE) traded 1.6% lower at last look Friday in NYSE American pre-market trading after the company said its offer to purchase up to $48.4 million in outstanding 11.95% senior unsecured notes due July 2027 was undersubscribed. Obsidian said only $1.4 million aggregate principal amount of the notes were validly tendered at the Aug. 12 deadline.
Obsidian Energy (OBE) said Friday it has closed its previously announced tender offer to buy up to $48.4 million of its outstanding 11.95% senior unsecured notes due July 2027 for cash. The offer, launched on July 31, was undersubscribed with only about $1.4 million principal amount of notes validly tendered by expiration on Aug. 12.
Medicaid cuts and tariffs are expected to pressure already struggling small rural and urban hospitals, including 18 in California that borrowed from the state.
The jump in United States yields triggered by the stronger U.S. producer price index report helped to lift USD/JPY to a high on Thursday of 147.96, said Mitsubishi UFG. The pair has since fallen back towards 147.00 overnight Thursday as the yen has strengthened across the board following the release of the latest gross domestic product report from Japan, wrote the bank in a note to clients.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: United States Treasuries expand recovery in Asia, equity futures continue upwards trend with S&P hitting next record high amid rallying Nikkei. Fed: Richmond Federal Reserve President Thomas Barkin is "getting a smell" of stronger consumer spending in July, "maybe" H1 weakness was just a "temporary air pocket."
Societe Generale in its early Friday economic news summary pointed out: -- US dollar steady before retail sales, United States Treasury yields off producer price index high, 10s at 4.277%, support 4.20% and resistance 4.35%/38%. OIS pricing -23bps for September FOMC. -- Japan Q2 gross domestic product growth 0.3% quarter over quarter and 1.0% seasonally adjusted annual rate, above forecast.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Greed? zone on Thursday. U.S. stocks settled mostly lower on Thursday, with the Dow Jones falling around 10 points during the session after producer inflation posted its largest increase in three years.
Ad hoc announcement pursuant to Art. Pratteln, Switzerland, 15 August, 2025 ? Santhera Pharmaceuticals (SPHDF) announces that by mutual agreement the Company and Highbridge Capital Management, LLC have decided to extend the maturity date of the existing CHF 7 million private convertible bond, that has a strike price of CHF 10.00, to 30th September 2025.
Japan?s economy grew faster than expected during the second quarter, with GDP growing 1% on an annualized basis, ahead of median consensus estimates at 0.4%, and marking its fifth consecutive quarter of growth, based on the figures released on Friday.
US equity indexes were little changed at the close of trading on Thursday, rebounding from a softer open as investors weighed inflation and jobs data ahead of Friday's US-Russia summit in Alaska.
US benchmark equity indexes were mixed Thursday after July's wholesale price inflation accelerated to its sharpest rise in three years, raising concerns among investors that September's interest rate decision may be more cautious.
US equity indexes traded little changed to mixed, while government bond yields rose in the final hour of trading on Thursday following a hot wholesale price inflation report.
Financial stocks advanced late Thursday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index was falling 1.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.6%. Bitcoin was declining 3.2% to $118,225, and the yield for 10-year US Treasuries increased 4.9 basis points to 4.29%. In economic news...
Financial stocks advanced late Thursday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index was falling 1.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.6%. Bitcoin was declining 3.2% to $118,225, and the yield for 10-year US Treasuries increased 4.9 basis points to 4.29%. In economic news...
St. Louis Fed President Alberto Musalem said in an interview with CNBC that it is too early to promise a rate cut at the Sept. 16-17 FOMC meeting but said that he believes that a 50-basis rate cut that some are hoping for is not justifiable in the current economic environment and outlook for economy.
US benchmark equity indexes were mostly lower intraday as Wall Street parsed the latest producer prices report and comments by a Federal Reserve official.
US equity indexes declined as an acceleration in July's wholesale price inflation rate to the fastest pace in three years helped lift government bond yields, signaling that a rate cut priced in for September may be hawkish.
A sharp upside surprise in U.S. producer price inflation triggered a $420 million wipeout in crypto markets on Wednesday, exposing lingering vulnerabilities in market leverage during macroeconomic data shocks. What Happened: The U.S. July Producer Price Index rose 3.3% year-on-year, exceeding forecasts of 2.5% and marking its highest level since February.
Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the Financial Select Sector SPDR Fund rising 0.1%. The Philadelphia Housing Index was falling 1.6%, and the Real Estate Select Sector SPDR Fund was shedding 1.1%. Bitcoin was declining 3% to $118,150, and the yield for 10-year US Treasuries was rising 5 basis points to 4.29%. In economic...
US equity indexes declined while government bond yields increased after July's wholesale price inflation rate rose at the fastest pace in three years, signaling to investors that an interest rate cut next month could be hawkish.
LOS ANGELES, Aug. 14, 2025 -- LiveOne (LVO), an award-winning, creator-first music, entertainment, and technology platform, today announced that it has purchased Bitcoin as part of the company?s previously announced crypto long-term treasury yield management strategy.
Weekly applications for unemployment insurance in the US declined more than expected, government data showed Thursday, suggesting that the labor market remained strong. The seasonally adjusted number of initial claims moved down by 3,000 to 224,000 for the week ended Aug. 9, according to the Department of Labor.
The European stock markets closed higher in Thursday trading as the Stoxx Europe 600 advanced 0.49%, Germany's DAX gained 0.75%, the FTSE 100 was up 0.13%, France's CAC rose 0.84%, and the Swiss Market Index increased 0.19%. Seasonally adjusted GDP increased 0.1% in Q2 in the euro area and 0.2% in the EU, compared with the previous quarter, according to a flash estimate from Eurostat, the stati...
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.58%. ?Mortgage rates fell to their lowest level since October,? said Sam Khater, Freddie Mac?s Chief Economist. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
U.S. producer prices surged in July at the sharpest pace since mid-2022, reigniting concerns over inflation persistence just as markets were pricing in a series of Federal Reserve rate cuts in the upcoming months.
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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