Equities ended little changed on Monday, with traders awaiting Federal Reserve Chair Jerome Powell's speech and retail earnings due later this week. The Dow Jones Industrial Average edged down 0.1% to 44,911.8. The S&P 500 and the Nasdaq Composite finished near the flat line at 6,449.2 and 21,629.8, respectively. Powell's speech is scheduled for Friday in Jackson Hole, Wyoming.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has commenced the remarketing of $37.5 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020R-1 issued on September 2, 2020 in the stated principal amount of $40.0 million.
Gibson Energy (GBNXF), an oil infrastructure and marketing company, after hours on Monday said it will seek $375 million in an offering of 4.45% senior unsecured notes due August 20, 2032. The offering is taking place on a private placement and agency basis and is expected to close on August 20, subject to customary closing conditions.
"If unfavorable economic numbers ... are released next month, we should expect a hold on any rate cuts and a possible rate hike to follow, putting a damper on any positive returns for the rest of the year," said Jason Wong, vice president of municipals at AmeriVet Securities.
All financial figures are in Canadian dollars unless otherwise noted. Gibson Energy Inc. (GBNXF) announced today that it has agreed to issue $375 million of 4.45% senior unsecured notes due August 20, 2032. The offering is expected to close on August 20, 2025, subject to customary closing conditions.
Financial stocks were mixed in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund adding 0.2%. The Philadelphia Housing Index fell 0.2%, and the Real Estate Select Sector SPDR Fund dropped 0.9%. Bitcoin declined 1% to $116,323, and the yield for 10-year US Treasuries rose 2 basis points to 4.341%. In economic news, the National Asso...
Financial stocks were mixed in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund adding 0.1%. The Philadelphia Housing Index fell 0.2%, and the Real Estate Select Sector SPDR Fund dropped 0.9%. Bitcoin declined 1% to $116,323, and the yield for 10-year US Treasuries rose 2 basis points to 4.341%. In economic news, the National Asso...
A rare bond market signal just re-emerged in mid-August 2025, one not seen since 1998 ? and back then, it was the calm before one of the most explosive bull markets in U.S. history. The spread between U.S. investment-grade corporate bonds and Treasury yields has collapsed to just 75 basis points, the lowest level since June 2008.
US benchmark equity indexes were little changed after midday Monday as Wall Street awaited Federal Reserve Chair Jerome Powell's speech and earnings by some major retailers due later in the week.
The Federal Reserve is likely to keep its benchmark lending rate unchanged this year, but weaker jobs data for August may tip the scales toward a policy easing next month, Morgan Stanley said in a Monday note. The investment firm's prediction for the US central bank to stay put comes despite last week's consumer inflation data showing a slowdown in price increases in July on a sequential basis.
Homebuilder confidence in the US unexpectedly fell in August amid high mortgage rates and persistent supply-side challenges, according to National Association of Home Builders and Wells Fargo data released Monday. The housing market index, which covers new single-family homes, decreased by one point sequentially to 32 this month.
Canada refreshes inflation tracking with the July consumer price index report due on Tuesday, at 8:30 a.m. ET, noted Scotiabank. It's one of two CPI readings before the next Bank of Canada decision on Sept. 17, with the next one arriving the day before, such that not much rests on just this one reading, stated Scotiabank.
The European stock markets closed mixed in Monday trading as The Stoxx Europe 600 edged 0.01% higher, Germany's DAX was down 0.23%, the FTSE 100 rose 0.21%, France's CAC dropped 0.50%, and the Swiss Market Index fell 0.26%. The S&P Global UK Consumer Sentiment Index reading rose to 47.0 in August from 45.1 in July, according to S&P. However, it remains below the 50-point threshold that indicate...
All three major US stock indexes were down in late-morning trading Monday, as investors await news coming from Federal Reserve officials at the annual economic policy symposium taking place this week in Jackson Hole, Wyoming.
The gross domestic product growth of Switzerland "significantly" slowed in Q2 as United States tariffs hit Swiss exports, said UBS. The bank's GDP forecast for Switzerland assumes 15% U.S. tariffs on Swiss goods -- excluding gold and pharmaceuticals. If tariffs remain at 39%, UBS believes Swiss GDP growth could be reduced by up to 0.4 percentage point.
The annual awards for the municipal finance industry will be celebrated at the close of The Bond Buyer's Infrastructure conference in Boston, September 29-30, 2025.
Fortuna Mining (FSM) was lower Monday after it reported the latest drilling results from the Kingfisher and Sunbird deposits at the Seguela Mine in Cote d'Ivoire. Highlights include 4.5 grams per tonne gold over 37.4 meters at Kingfisher and 11.2 g/t gold over 5.6 meters at Sunbird.
If the euro's strength persists and the United States recession risks rise, Morgan Stanley said it sees a reduced risk to its European Central Bank September easing baseline. MT Newswires does not provide investment advice.
TeraWulf (WULF) shares were up nearly 18% in recent Monday trading after the company said it plans a private offering of $400 million of convertible senior notes due Sept. 1, 2031. The company expects to grant the initial purchasers an option to buy up to an additional $60 million of the notes.
Gold prices moved higher early on Monday, with the dollar rising but treasury yields easing as Ukraine President Volodymyr Zelensky and a group of European leaders head to the White House following a Friday summit between the United States and Russia that ended with U.S. President Donald Trump urging Ukraine to surrender territory to Russia in exchange for peace.
Canadian housing starts came in at a "solid" rate of 294,100 annualized units in July, rising 4% month over month, or 11,000, from June's already-elevated level of 283,500, said TD after Monday's Canada Mortgage and Housing Corporation data. Meanwhile, the six-month moving average was "healthy" at 263,000 units.
Canadian year-over-year consumer price index growth is expected to hold at 1.9% month over month in July, matching June's reading on Tuesday, said RBC. Canada is slated to release July's CPI data at 8:30 a.m. ET on Tuesday.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Hurricane Scores, according to ICE Climate Data. A $6 million offering from Winthrop, Mass., records a Flood Score of 4.9 out of 5.0, ICE reports.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada rose 4% month-over-month in July to 294,085 units, said Canada Mortgage and Housing Corporation on Monday. July's housing starts were much better than the 265,000 consensus figure provided by Mitsubishi UFG.
Rising underwriting spreads are a "flashing neon sign that the muni market is still nursing the hangover from higher rates and choppy flows," said James Pruskowski, an investor and market strategist.
In June, eurozone exports dropped by 2.4% month-on-month and on the year were up by 0.4%, noted ING after Monday's data. As imports increased by more than 3% month over month, the seasonally-adjusted trade surplus narrowed to 2.8 billion euros, from 15.6 billion euros in May. There is no data on bilateral trade for the eurozone, only for the European Union.
Municipal issuers in the Northeast sold $72.25 billion of bonds in the first half of 2025, up 14.7% year-over-year, propelled by new money and GO deals.
Canada Mortgage and Housing Corporation's housing starts for July will be released at 8:15 a.m. ET on Monday, noted Scotiabank. Housing starts are expected to fall after the prior month's surge and given a softer trend in building permits, said the bank. Scotiabank expected 240,000 housing starts, while in June they were 283,700. MT Newswires does not provide investment advice.
The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, as July housing data, the minutes of the July 29-30 Federal Open Market Committee meeting and the Jackson Hole Federal Reserve summit Thursday and Friday are the key events this week. Fed officials usually appear frequently on the TV networks at the summit.
Canadian housing data continues to roll out on Monday with July housing starts at 8:15 a.m. ET, which is expected to step back from June but remain at an elevated level, said Bank of Montreal. In separate releases, household credit figures and international securities transactions for June will be published at 8:30 a.m. ET on Tuesday, noted the bank.
The benchmark US stock measures were tracking in the red before the opening bell Monday as traders await minutes of the Federal Reserve's last policy meeting and remarks from the central bank chair Jerome Powell later in the week. The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.2% each in premarket activity.
TeraWulf (WULF) said Monday it plans a private offering of $400 million of convertible senior notes due Sept. 1, 2031. The company expects to grant the initial purchasers an option to buy up to an additional $60 million of the notes.
BBVA Research estimates that Peru's central bank will maintain the monetary policy rate at 4.50% in the coming months. This neutral monetary position is consistent with an outlook of no inflationary pressures and economic activity advancing at a pace close to its potential, noted BBVA Research.
TeraWulf Inc. (WULF), a leading owner and operator of vertically integrated, predominantly zero-carbon digital infrastructure, today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule ...
US equity investors will focus on Ukraine-Russia peace negotiations, the Jackson Hole Symposium of central bankers and the minutes from the July Federal Reserve monetary policy meeting in which two panel members dissented from the rate-setting committee's joint decision to keep interest rates unchanged.
Societe Generale in its early Monday economic news summary pointed out: -- Risk on start to the week follows meltdown in long-end European bonds in Europe last week, above forecast Unite States consumer price index services, proucer price index, Michigan inflation.
The past week in the crypto world was a mixed bag of events. Bitcoin Rises Amid Fed Governor?s Dovish Comments Bitcoin experienced a surge, while altcoins took a step back, following the Federal Reserve Governor?s dovish remarks on rate cuts. Read the full article here.
The July Producer Price Index jumped 0.9% month-over-month, the largest increase since June 2022 and far above expectations, as President Donald Trump's tariff hikes rippled through the supply chain. IWM ETF is rallying this month.?Check live prices here. Big-cap companies usually possess brand power, supply-chain advantage, and economies of scale that allow them to pass on cost hikes.
Enigmatig Limited (EGG), a global business enabler empowering small and medium-sized enterprises to scale across borders, today rang the Closing Bell at the New York Stock Exchange to mark its recent listing and reaffirm its mission to power the global ambitions of bold, forward-thinking businesses. Image: Enigmatig Founder and CEO Desmond Foo and Team, on NYSE American Podium for Closing Bell.
Denison Mines (DNN) said late Friday it has raised $345 million from its offering of 4.25% convertible senior unsecured notes due 2031, including the full exercise of an over-allotment option. Denison said it plans to use the net proceeds for the evaluation and development of its uranium projects, including the Wheeler River Uranium Project and general corporate purposes.
Denison Mines (DNN) after trade Friday said it completed its offering of convertible senior unsecured notes due in 2031, raising US$345 million. This amount includes the upsized base offering of US$300 million and the full exercise of a US$45 million option granted to the initial purchasers, the company added.
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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