A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming?s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all converged to trigger fresh institutional flows.
Ahead of Federal Reserve Chair Jerome Powell's pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year. On the prediction platform Polymarket, the likelihood that the Fed loosens its monetary policy on or before Dec. 31 stood at 85% at the time of writing.
The S&P 500 fell for the fifth day in a row, weighed down by a post-earnings selloff in Walmart (WMT) on Thursday as traders digested fresh economic data ahead of Federal Reserve Chair Jerome Powell's Jackson Hole speech. The benchmark equity index declined 0.4% to 6,370.2. The Nasdaq Composite and the Dow Jones Industrial Average shed 0.3% each, to close at 21,100.3 and 44,785.5, respectively.
US equity indexes fell at the close on Thursday as bets in favor of a monetary policy pause in September tripled ahead of Federal Reserve Chair Jerome Powell's pivotal speech at Jackson Hole.
The proposed $1.3 billion arena would be financed with city revenue bonds, along with county taxes, subject to voter approval, and a team contribution.
A possible explanation is that the massive inflows into mutual funds are a parallel move to large inflows into the Capital Group Municipal High-Income ETF (CGHM), which saw the biggest inflow of a ETF on Friday at $1.5 billion, said Pat Luby, head of municipal strategy at CreditSights.
US benchmark equity indexes ended lower on Thursday after a surge in an S&P Global manufacturing gauge to a 39-month high and a rise in initial jobless claims.
5.294% average yield, 38 basis points lower than previous ABS financing in June AAA rating on the most senior bonds; and Company has proactively paid down $10 million of higher cost corporate debt since end of the second quarter SAN CARLOS, Calif., Aug. 21, 2025 -- Oportun, a mission-driven financial services company, today announced the issuance of approximately $538 million of two-year revo...
US equity indexes fell ahead of the close on Thursday, while yields on government bonds rose as bets favoring a monetary policy pause in September more than tripled from a week ago.
Manufacturing activity in the US Mid-Atlantic region unexpectedly swung into contraction territory in August, while the prices paid index hit the highest in more than three years, a survey from the Federal Reserve Bank of Philadelphia showed Thursday.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index dropping 0.2% and the Financial Select Sector SPDR Fund shedding 0.4%. The Philadelphia Housing Index declined 0.7%, and the Real Estate Select Sector SPDR Fund lost 0.4%. Bitcoin fell 1.5% to $112,562, and the yield for 10-year US Treasuries rose 3 basis points to 4.33%. In economic news, the August flash re...
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index dropping 0.2% and the Financial Select Sector SPDR Fund shedding 0.4%. The Philadelphia Housing Index declined 0.7%, and the Real Estate Select Sector SPDR Fund lost 0.4%. Bitcoin fell 1.5% to $112,562, and the yield for 10-year US Treasuries rose 3 basis points to 4.33%. In economic news, the August flash re...
Cleveland Fed President Beth Hammack said that recent economic data do not call for a rate cut at the September Federal Open Market Committee meeting but she is maintaining an open mind and there is significant amount of data to come before the meeting.
Gold futures edged lower midafternoon on Thursday as treasury yields and the dollar rose on further weak economic data, 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.
US private-sector output growth reached an eight-month high in August, though tariff-related cost pressures drove the fastest growth in selling prices over the past three years, according to S&P Global's (SPGI) flash purchasing managers' index released Thursday. The composite output index advanced to 55.4 this month from 55.1 in July, compared with a 53.5 reading in a survey compiled by Bloomberg.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each easing 0.3%. The Philadelphia Housing Index was falling 1.3%, and the Real Estate Select Sector SPDR Fund was down 0.5%. Bitcoin was falling 1.7% to $112,351, and the yield for 10-year US Treasuries was rising 3 basis points to 4.33%. In economic news, the...
The level of US initial jobless claims rose by 11,000 to 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 smaller increase to a level of 225,000 claims 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.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index easing 0.2% and the Financial Select Sector SPDR Fund decreasing 0.3%. The Philadelphia Housing Index was falling 1.3%, and the Real Estate Select Sector SPDR Fund was down 0.6%. Bitcoin was falling 1.7% to $112,351, and the yield for 10-year US Treasuries was rising 5 basis points to 4.34%. In economi...
US equity indexes fell after midday Thursday as a surge in an S&P Global gauge of manufacturing conditions to a 39-month high in August helped facilitate curve-wide gains in government bond yields.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.58%. ?The 30-year fixed-rate mortgage remained flat this week,? 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.
Existing home sales in the US unexpectedly rose in July as price growth nearly stalled, data from the National Association of Realtors showed Thursday. Sales increased 2% sequentially to a seasonally adjusted annual rate of 4.01 million units last month, following a 2.7% decline in June.
Liberty Gold (LGDTF) shares were kept at outperform with a $0.70 price target at National Bank of Canada, according to a note released Thursday. Liberty Gold (LGDTF) recently announced Phase 5A column leach metallurgical results from its Black Pine oxide gold project in Idaho. The results continued to support expectations for Black Pine as a potential run-of-mine heap leach operation, the bank said.
Brazil central bank monetary policy director Diogo Guillen reiterated his relatively hawkish stance, stating that recent slightly below-forecast inflation readings do not alter the BCB's assessment that both headline inflation and inflation expectations remain above target, said Societe Generale.
Rwanda's central bank on Thursday said the Monetary Policy Committee increased the Central Bank Rate by 25bps to 6.75%, a level considered adequate to keep inflation within the target range. The MPC will continue to closely monitor potential risks that may challenge the stable inflation outlook, wrote NBR in its policy statement.
Weekly applications for unemployment insurance in the US rose more than expected, while continuing claims reached their highest level since November 2021, government data showed Thursday. For the week ended Aug. 16, the seasonally adjusted number of initial claims increased to 235,000 from the previous week's unrevised reading of 224,000, according to the Department of Labor said.
Existing-home sales increased by 2.0% in July, according to the National Association of REALTORS? Existing-Home Sales Report. Month-over-month sales increased in the Northeast, South, and West, and fell in the Midwest. ?The ever-so-slight improvement in housing affordability is inching up home sales,? said NAR Chief Economist Lawrence Yun.
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.
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.
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