The pace of US existing home sales rose by 2% to a 4.01 million seasonally adjusted annual rate in July from 3.93 million in June, compared with an expected decrease to a 3.92 million rate in a survey compiled by Bloomberg as of 7:50 am ET, data from the National Association of Realtors released Thursday showed. Total sales were up 0.8% from a year earlier.
The Botswana central bank on Thursday said its Monetary Policy Committee decided to maintain the Monetary Policy Rate at 1.9%. MT Newswires does not provide investment advice.
Gold futures edged lower early on Thursday as treasury yields weakened on further signs the U.S. economy is slowing, firming expectations the Federal Reserve will move to lower interest rates next month, though traders are awaiting a Friday speech from Fed Chair Jerome Powell for clearer signals on the central bank's intentions.
The composite Purchasing Managers' Index for manufacturing and the services sector in the eurozone rose to 51.1 in August from 50.9 in July, noted Commerzbank on Thursday. Economists surveyed in advance had expected a slight decline, wrote the bank in a note to clients.
"There's a tremendous amount of teamwork, both within an organization and then among all of the working group members," Eileen Heitzler said. "And the end result is a project with a public purpose."
Consumer confidence has become one of the main factors impacting quick-service restaurant traffic, marking a significant shift in how and why consumers choose to dine out, according to restaurant technology leader Revenue Management Solutions.
US initial jobless claims rose to a level of 235,000 in the employment survey week ended Aug. 16 from an unrevised 224,000 level in the previous week, compared with expectations for a decrease to 225,000 in survey of analysts compiled by Bloomberg as of 7:50 am ET. Initial claims were at a level of 221,000 in the employment survey week ended July 12.
Dan Hartman of PFM attributed the drop to fewer prepaid gas deals, one-time large transactions last year like Jefferson County's and normal timing variations.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for July 2025. North American corporate CUSIP requests totaled 8,415 in July, which is up 3.1% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? fell 10.4% versus June totals.
European bourses tracked moderately lower midday Thursday as traders awaited clues from the US Federal Reserve's annual Jackson Hole symposium for global central bankers, highlighted by Fed Chair Jerome Powell's presentation on Friday. Property and retail stocks led the downside on continental trading floors, while oil shares bucked trends to gain.
Boyd Group Services (BYDGF), one of the largest operators of non-franchised collision repair centres in North America, overnight Wednesday said it entered into an underwriting agreement to sell C$275 million of senior unsecured notes due 2033.
Wall Street futures pointed modestly lower pre-bell Thursday, as traders digested the earnings season and awaited reports from the pending annual global central-bank gathering in Jackson Hole, Wyoming. Federal Reserve Chief Jerome Powell is slated to address the Kansas City Fed-hosted event at 10 am ET on Friday, with his remarks to be scoured for clues to the central bank's outlook.
Societe Generale in its early Thursday economic news summary pointed out: -- US dollar bid in narrow range after United States Treasury yields climb on hawkish FOMC minutes, 2s +4bps to 3.75%, 10s +2bps to 4.29%. Strong 20-year refunding auction: stop-though 0.1bp, non-dealer bidding 87.1%, b/c 2.54x, direct demand 26.5% was the highest on record.
Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index increasing 0.6% and the Financial Select Sector SPDR Fund up 0.7%. The Philadelphia Housing Index was falling 2.2%, while the Real Estate Select Sector SPDR Fund was adding 0.6%. Bitcoin was rising 0.5% to $113,970, and the yield for 10-year US Treasuries was 1.5 basis points lower at nearly 4.29%. I...
Most of Federal Reserve officials saw potential inflation pressures outweighing risks to the labor market, while policymakers indicated that it would take time to gain more clarity on the exact impact of tariffs on prices, minutes of the central bank's July 29-30 meeting showed Wednesday.
Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index increasing 0.5% and the Financial Select Sector SPDR Fund up 0.6%. The Philadelphia Housing Index was falling 2%, while the Real Estate Select Sector SPDR Fund was adding 0.6%. Bitcoin was rising 0.9% to $114,253, and the yield for 10-year US Treasuries was 1.3 basis points lower at nearly 4.29%. In ...
The Federal Reserve indicated that inflation risks remain "considerable" due to the uncertain impact of new trade tariffs, casting fresh doubt over imminent interest rate cuts, according to the July Federal Open Market Committee minutes released Wednesday.
30 Federal Open Market Committee meeting showed divisions forming between those that see inflation as the greater concern, those that see risks higher for employment growth and those that see a balance.
Attorneys with expertise in municipal disclosure say issuers who land on the list of "sanctuary" jurisdictions need to at minimum do an analysis of how it may impact their obligations.
While most Federal Open Market Committee participants at the July 29-30 FOMC meeting agreed that monetary policy was well-positioned to deal with economic developments, minutes of the meeting released Wednesday showed divisions emerging among the officials.
Gold prices rose midafternoon on Wednesday, moving higher following four losing sessions as the dollar and yields fell with the market awaiting the Friday start of the Federal Reserve's annual Jackson Hole Economic Policy Symposium in Wyoming. Gold for December delivery was last seen up US$30.10 to US$3.388.80 per ounce.
Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index increasing 0.3% and the Financial Select Sector SPDR Fund up 0.4%. The Philadelphia Housing Index was falling 1.8%, while the Real Estate Select Sector SPDR Fund was adding 0.4%. Bitcoin was rising 0.6% to $114,146, and the yield for 10-year US Treasuries was shedding 2.1 basis points to 4.28%. In economi...
"Annette's expertise and experience add an important new dimension to our already strong Texas K-12 public finance team," Ajay Thomas, FHN Financial's head of public finance, said.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund up 0.3%. The Philadelphia Housing Index was falling 1.8%, while the Real Estate Select Sector SPDR Fund was adding 0.5%. Bitcoin was increasing 0.6% to $113,920, and the yield for 10-year US Treasuries was shedding 2.3 basis points to 4.28%. In corp...
The Toronto Stock Exchange is up 78 points with energy, the biggest gainer. Limiting gains are losses in the healthcare and tech sector, which is 1.1% and 0.4% lower, respectively. In Canada, BMO Economics said Tuesday's CPI report showed inflation eased to 1.7% year on year in July, though core price pressures remained elevated.
goeasy on Wednesday said it closed an upsized offering of US$450 million of senior unsecured notes due 2031, and C$175 million of 6.0% senior unsecured notes due 2030. The new Canadian-dollar notes were issued at C$997.50 per C$1,000 principal amount, plus accrued interest from May 15.
National Bank of Canada on Wednesday provided its scorecard for precious metal companies following the sconf-quarter reporting season. Companies with previously outlined target price revisions of 10% or more include: SSR Mining, OceanaGold EMX Royalty (EMX) and Newmont (NEM). The bank said the names best positioned after the earnings season include Endeavour Mining (EDVMF) and Kinross Gold (KGCRF) among senior producers.
There were no surprises in Canada's CPI report for July, released on Tuesday, with the non-seasonally adjusted number printing at 0.3% month over month, which was expected, while it was just 0.1% on a seasonally-adjusted basis, said Rosenberg Research.
Tokio Marine HCC, based in Houston, Texas, today announced that Fitch Ratings has affirmed the ?AA-? Insurer Financial Strength Ratings for its insurance company subsidiaries and the ?A? Long-Term Issuer Default Rating for HCC Insurance Holdings, Inc. The outlook for all of Fitch?s ratings is Stable.
Never say never, but TD said it expects that cooler economic growth will turn down the temperature on Canadian inflation, enabling the Bank of Canada to cut interest rates later this year.
One argument Derek Holt, vice-president of Scotiabank Economics, has a hard time with is that the Bank of Canada should be cutting more because of slack. That's not just because the amount of estimated slack is small and because output gaps play a limited role in explaining inflation.
Data on Wednesday in Canada revealed that the consumer price index slowed in July to 1.7% year over year thanks to accelerating deflation in energy prices, noted Societe Generale. The core rate was unchanged at 3.0% year over year. The pass-through of tariffs was muted with goods prices rising a feeble 0.1% month over month, the same as June, wrote the bank in a note to clients.
Gold prices rose early on Wednesday, moving higher following four losing sessions as the dollar and yields fell with the market awaiting the Friday start of the Federal Reserve's annual Jackson Hole Economic Policy Symposium in Wyoming. Gold for December delivery was last seen up US$25.60 to US$3.384.30 per ounce.
Hinojosa has built a strong reputation for creative solutions to complex challenges in the public finance arena, according to a statement nominating him for the honor.
Qualcomm (QCOM), Home Depot (HD), T-Mobile, United Health, and Meta Platforms (META) corporate bonds have been acquired by President Donald Trump since he returned to office in January, according to a White House disclosure filed with the Office of Government Ethics on Tuesday. The document disclosed over 500 transactions.
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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