Federal Reserve Chair Jerome Powell on Friday indicated a potential monetary policy pivot to lower rates, saying that downside risks to employment were rising while the effects of tariffs on inflation will likely be short lived. Data released earlier this month showed that the US economy added fewer jobs than projected in July, while gains in the previous two months were revised sharply lower.
Cameco's (CCJ) price target was increased to C$115 from $110 while its Outperform rating remained unchanged at National Bank of Canada, according to a note published Thursday in which the bank re-values Westinghouse inside Cameo and addresses "unlocking the hidden multiple".
Federal Reserve Chair Jerome Powell used his Jackson Hole speech to strike a surprisingly dovish tone, warning that downside risks to the U.S. labor market are rising and that monetary policy "may warrant adjusting" if the economic slowdown deepens. Many economists had expected Powell to avoid any hint of a rate cut, instead reiterating the Fed's wait-and-see stance.
Federal Reserve Chairman Jerome Powell opened the door to interest rate reductions in his keynote address at the Jackson Hole Fed summit Friday, but stopped short of promising a reduction at the Sept. 16-17 Federal Open Market Committee meeting. "In the near term, risks to inflation are tilted to the upside, and risks to employment to the downside -- a challenging situation," Powell said.
Jim Haddon equates working in the financial world with a competitive event, which in the case of his multi-faceted career, would make him a decathlon winner. "What has kept me interested in the financial world is I enjoy the competition," said Haddon.
Gold prices fell early on Friday even as the dollar was steady ahead of a key speech from Federal Reserve Chair Jerome Powell, as traders await some indication of the central bank's outlook for interest rates. Gold for December delivery was last seen down US$11.40 to US$3,370.20 per ounce, sticking within the narrow range it has mostly traded within since April.
US stocks are set to open higher in Friday's trading session as investors look ahead to Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole, Wyoming, at 10 am ET. Dow Jones Industrial Average futures were up 0.27%, S&P 500 futures rose 0.18%, and Nasdaq futures were 0.12% higher.
Bread Financial Holdings (BFH) said Friday that its previously announced cash tender offers dated July 24, expired on Thursday. The company said that for the 9.750% senior notes due 2029, bondholders tendered $31.3 million worth of bonds from the $750 million outstanding.
US stock futures are tracking higher in Friday's premarket session as investors look ahead to Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole, Wyoming, at 10 am ET. The Dow Jones Industrial Average futures were up 0.27%, S&P 500 futures rose 0.18%, and Nasdaq futures were 0.12% higher.
The German statistical office on Friday revised down Q2 gross domestic product contraction to 0.3% quarter over quarter from a 0.1% decline, noted Berenberg. Weak June data, including for industrial production and construction, that wasn't available at the time of the first GDP estimate, had already strongly hinted at a downward adjustment, noted the bank.
Switzerland's data calendar is light next week, with. employment figures on Monday, Q2 gross domestic product on Thursday, and the KOF Leading Indicator on Friday offering a snapshot of the economy, said UBS.
European bourses tracked moderately higher midday Friday as traders awaited comments from US Federal Reserve Chair Jerome Powell, slated for 10 am ET at the central bank's annual symposium at Jackson Hole. Retail and tech stocks led broad, tempered gains on the continent, while bank issues lagged.
The benchmark US stock measures were trending higher before the opening bell Friday as traders await Federal Reserve Chair Jerome Powell's speech for clues on the central bank's next policy moves.
Wall Street futures pointed moderately higher pre-bell Friday as traders awaited comments from Federal Reserve Chair Jerome Powell, slated for 10 am ET at the central bank's annual symposium in Jackson Hole, Wyoming. The next Fed policy meeting is Sept. 16-17, and Powell's presentation will be combed for clues to central bank inclinations.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: Long-end United States Treasury yields decline in late New York session after strong TIPS auction, steady in Asia. Fed: Federal Reserve Cleveland President Beth Hammack says she wouldn't cut rates if a decision were to be made on Saturday.
Asian stock markets moved mostly higher Friday as traders awaited comments by Federal Reserve Chair Jerome Powell at the central bank's Jackson Hole symposium, and weighed relative values on China-exposed exchanges. Hong Kong, Shanghai, and Tokyo finished in the green, while other regional exchanges were mixed.
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.
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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