Lost on Friday's intense focus on Federal Reserve Chair Jay Powell was the decision by Canadian Prime Minister Mark Carney to drop 25% countervailing tariffs on most U.S. imports -- over $20 billion, said Rosenberg Research.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Scores, according to ICE Climate Data. A $27 million offering from Cape May, N.J., records a Flood Score of 4.8 out of 5.0, ICE reports.
Gold edged lower early on Monday as the dollar and yields rose after a Friday drop as Federal Reserve Chair Jerome Powell signaled an interest-rate cut is coming. Gold for December delivery was last seen down US$5.70 to US$3,412.80 per ounce. The price of the metal rose sharply on Friday following Powell's Friday speech to the Fed's annual Jackson Hole Economic Policy Symposium in Wyoming.
"The careers of most financial advisors are transactional. They make money on bond deals. The more they do, the more money they can make," James Martling said. "But we got into long-term counseling for clients on long-term infrastructure projects."?
"The careers of most financial advisors are transactional. They make money on bond deals. The more they do, the more money they can make," James Martling said. "But we got into long-term counseling for clients on long-term infrastructure projects."?
The relative rarity of the credit was compounded by their source of funds, the deal's size, and bond ratings slightly lower than New York state and city.?
European bourses tracked modestly lower midday Monday as traders adjusted positions after rallies that followed perceived "dovish" comments by US Federal Reserve Chair Jerome Powell on Friday. London exchanges were closed on holiday. In continental trading, food stocks edged higher, while property and oil shares lagged.
The US dollar rose against its major trading partners early Monday before the start of a busy week of economic data releases, with the focus on gross domestic product and personal income and spending data later in the week.
Wall Street futures pointed moderately lower pre-bell Monday, as traders reviewed expectations that the Federal Reserve in September will ease interest rates. Fed Chair Jerome Powell delivered comments Friday to the Jackson Hole central banker symposium that were regarded as dovish, but pending economics releases could alter mood at the monetary authority.
Canada's key release this week is Q2 real gross domestic product on Friday, said Bank of Montreal. The economy likely contracted modestly due to lower exports of steel, aluminum and autos to the United States and deferred business investment, noted the bank. For now, BMO expects GDP to stall in Q3 rather than contract, before picking up later this year.
India plans to source pricing data directly from Amazon (AMZN) and Walmart's Flipkart to revamp its benchmark inflation gauge, Reuters reported Monday, citing an official from the country's statistics ministry. The new methodology will incorporate e-commerce prices into the consumer price index starting early next year, along with airfares and streaming services data, the report said.
TD said it has long believed that economic slack from a softening Canadian economy would help ease inflationary pressures, counterbalancing the upward push on consumer prices caused by retaliatory tariffs on United States goods, efforts to diversify exports away from the U.S., and Canadian firms seeking new suppliers. The July inflation data aligned closely with this narrative, noted the bank.
U.S. stocks settled higher on Friday, with the Dow Jones index jumping more than 800 points during the session following speech by Federal Reserve Chair Jerome Powel at the central bank?s annual Jackson Hole Symposium. Powell sent a clear signal that the central bank is preparing to shift its stance on interest rates as early as next month.
Asian stock markets rallied on Monday, following dovish commentary late Friday by US Federal Reserve Chair Jerome Powell and triggering hopes that Asia Pacific central banks could also ease. Hong Kong, Shanghai, and Tokyo finished in the green, as did other regional exchanges.
Modeled after oil, maple syrup, and grain reserves, the proposed Strategic Bitcoin Reserve positions BTC as a sovereign asset alongside traditional stockpiles.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the ?Greed? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones index jumping more than 800 points during the session following a speech by Federal Reserve Chair Jerome Powell at the central bank?s annual Jackson Hole Symposium.
LOS ANGELES, Aug. 24, 2025 -- Faraday Future Intelligent Electric Inc. (FFAI), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF. ?This is our 17th weekly update. On Friday last week, Federal Reserve Chair Jerome Powell signaled that a rate cut may come as early as September.
Image: Bexback. As Federal Reserve Chair Jerome Powell opened the door to a September rate cut, global markets reacted with optimism and cryptocurrencies surged. Turning Market Volatility Into Profit Potential Powell?s remarks signaled a potential shift in monetary policy that could fuel risk assets, including crypto.
Wall Street's equity indexes rallied on Friday, with the Dow Jones Industrial Average hitting a record high as Federal Reserve Chair Jerome Powell hinted at a potential shift in monetary policy toward lower interest rates. The Dow finished 1.9% higher at 45,631.7, an all-time closing high. Barring consumer staples, all sectors were higher, led by consumer discretionary's 3.2% gain.
US equity indexes soared on Friday after a dovish policy pivot signal from Federal Reserve Chair Jerome Powell sparked a rally in risk assets. The Dow Jones Industrial Average traded 1.9% higher at 45,631.74, after touching a record 45,732.11 intraday.
The Standard & Poor's 500 index rose 0.3% this week as investors grew more hopeful for a rate cut at the next meeting of policy makers at the Federal Reserve. The market benchmark ended the week at 6,466.91, making its third consecutive week in the black.
US benchmark equity indexes ended higher on Friday as the Dow Jones Industrial Average jumped to a record after Federal Reserve Chair Jerome Powell signaled that the central bank may start cutting interest rates in September.
Munis underperformed a UST rally, which had everything to do with Powell's speech at the Jackson Hole symposium and future Fed action, said Cooper Howard, a fixed income strategist at Charles Schwab.
US equity indexes jumped on Friday, with the S&P 500 likely to break its five-day losing streak and the Dow Jones Industrial Average surging over 800 points after Federal Reserve Chair Jerome Powell signaled a dovish policy pivot. The Dow Jones Industrial Average traded 1.9% higher at 45,630.4, after touching a record 45,732.11 earlier in the session.
Financial stocks advanced in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 1.6%. The Philadelphia Housing Index jumped 4.6%, and the Real Estate Select Sector SPDR Fund gained 1.6%. Bitcoin rose 4% to $116,780, and the yield for 10-year US Treasuries dropped 7.4 basis points to 4.26%. In economic news, Federal Reserve Chair Jer...
PayPal Holdings Inc (PYPL) shares are surging Friday after Federal Reserve Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole, signaling that rate cuts may soon be on the horizon as the labor market cools. What To Know: For growth companies like PayPal (PYPL), interest rates play a pivotal role.
Amazon.com Inc (AMZN) shares are trading higher Friday afternoon after Federal Reserve Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole, signaling that rate cuts could be on the horizon as the labor market cools and economic growth slows. What To Know: For growth companies like Amazon (AMZN), lower interest rates are particularly bullish.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 1.6%. The Philadelphia Housing Index was climbing 4.5%, and the Real Estate Select Sector SPDR Fund was up 1.6%. Bitcoin was increasing 4% to $116,780, and the yield for 10-year US Treasuries dropped 7.4 basis points to 4.26%. In economic news, Fe...
National Bank, ahead of the release of Q2 GDP data next Friday, noted household consumption, residential investment, government spending, and inventory accumulation are all expected to contribute to GDP growth during the quarter.
The University of Chicago went to market this week, as the Trump administration has targeted higher education and faculty criticize budget and program cuts.
Federal Reserve Chair Jerome Powell just gave Wall Street?and Main Street?a reason to celebrate. In a closely watched speech at the Fed's annual Jackson Hole conference, Powell sent a clear signal that the central bank is preparing to shift its stance on interest rates as early as next month.
The major economic indicator on the Canadian calendar next week will be quarterly GDP on Friday, Aug 29, noted BMO's Douglas Porter in his weekly 'Talking Points' note.
Federal Reserve Governor Jerome Powell left open the door to a September rate cut in his Friday speech at Jackson Hole, saying that downside risks to the employment mandate have increased, but he also said that the Federal Open Market Committee remains data-dependent and that the impact of tariffs on inflation may have only begun.
US benchmark equity indexes surged intraday, while Treasury yields slumped, after Federal Reserve Chair Jerome Powell indicated a potential monetary policy pivot to lower rates. The Dow Jones Industrial Average and the Nasdaq Composite were up 2.1% each at 45,715.6 and 21,533.5, respectively, after midday Friday.
According to Avery Shenfeld, CIBC sees Q2 GDP coming in next Friday a "bit better" than the Bank of Canada's last projection, but with a larger dip than the consensus or what the monthly GDP series has been tracking.
Gold prices rose midafternoon on Friday as the dollar fell sharply following a dovish speech from Federal Reserve Chair Jerome Powell indicating the central bank is ready to begin lowering interest rates again. Gold for December delivery was last seen up US$35.60 to US$3,417.20 per ounce, sticking within the narrow range it has mostly traded within since April.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising about 1.8%. The Philadelphia Housing Index was climbing 4.8%, and the Real Estate Select Sector SPDR Fund was up 1.8%. Bitcoin was increasing 3.6% to $116,559, and the yield for 10-year US Treasuries was dropping 7 basis points to 4.26%. In economic ne...
Shares of SoFi Technologies Inc (SOFI) are climbing Friday afternoon, hitting a new 52-week high, after Federal Reserve Chair Jerome Powell struck a notably dovish tone in his Jackson Hole remarks, signaling that downside risks to the labor market are rising and that interest rate cuts may be warranted if the slowdown deepens.
US equity indexes soared as bets favoring monetary policy easing in September rose after a potential monetary policy pivot signal from Federal Reserve Chair Jerome Powell sent yields on government bonds sharply higher. The Dow Jones Industrial Average traded 2% higher at 45,699.9, after touching a record 45,732.11 earlier in the session. All sectors except consumer staples rose intraday.
Federal Reserve Chair Jerome Powell struck a more dovish tone than expected in a keynote speech, boosting market bets on an interest rate cut next month, while analysts cautioned that a move in September isn't guaranteed.
Shares of Plug Power Inc (PLUG) are trading higher Friday afternoon following Federal Reserve Chair Jerome Powell's dovish Jackson Hole remarks, as investors reposition toward growth equities amid rising odds of interest rate cuts. What To Know: Powell warned that "downside risks to employment are rising" and emphasized the Fed's willingness to adjust monetary policy should job losses accelerate.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 1.8%. The Philadelphia Housing Index was climbing 4.8%, and the Real Estate Select Sector SPDR Fund was up 1.8%. Bitcoin was increasing 3.6% to $116,559, and the yield for 10-year US Treasuries was dropping 7 basis points to 4.26%. In economic news, Fe...
Broad Market Indicators. Broad-market exchange-traded funds IWM and IVV were higher. US equity indexes surged after midday trading on Friday as bets in favor of a restart of monetary policy easing in September soared after Federal Reserve Chair Jerome Powell indicated a potential policy pivot. Energy. iShares US Energy ETF and the Energy Select Sector SPDR each rose about 2.1%. Technology.
The State Bond Commission approved 21 municipal entities' elections on tax increases for infrastructure projects, with the increases possibly supporting bonds.
A state lawmaker is asking the court to invalidate a 2022 nearly $700 million bond sale due to inadequate audits by the Oklahoma Corporation Commission.
US equity indexes surged after midday trading on Friday as bets in favor of a restart of monetary policy easing in September soared after Federal Reserve Chair Jerome Powell indicated a potential policy pivot. The Dow Jones Industrial Average was 2.1% higher at 45,720.3, after touching a record 45,732.11 earlier in the session. All sectors except consumer staples rose intraday.
Palantir Technologies Inc (PLTR) shares are trading higher Friday morning following Federal Reserve Chair Jerome Powell's unexpectedly dovish comments at Jackson Hole, which signaled that interest rate cuts may soon be on the table as labor market risks mount. What To Know: For growth companies like Palantir (PLTR), lower interest rates can be a powerful tailwind.
Federal Reserve Chair Jerome Powell on Friday used his Jackson Hole speech to acknowledge rising risks to U.S. employment, signaling the central bank may be preparing to shift its policy stance. What Happened: His remarks marked the clearest indication yet that future rate cuts are possible if labor market weakness deepens.
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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