The Las Vegas Global Economic Alliance announces the departure of Interim President & CEO Betsy Fretwell, who will conclude her role at the end of the month. Fretwell stepped into the interim role in January 2025, guiding the organization through a period of transition while reinforcing LVGEA?s role in elevating Southern Nevada as a premier location for business attraction and retention.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.2% on Tuesday. The Dow traded down 0.02% to 45,272.64 while the NASDAQ rose 0.22% to 21,495.64. The S&P 500 also rose, gaining, 0.10% to 6,446.08. Check This Out: Top 3 Health Care Stocks You?ll Regret Missing This Quarter Leading and Lagging SectorsIndustrials shares jumped by 0.6% on Tuesday.
Hungary's central bank opted to maintain the base rate at 6.50% on Tuesday, marking the eleventh consecutive on-hold decision, said ING. The general stance remained hawkish, with no new messages emerging, wrote the bank in a note to clients.
Bank of Canada Governor TIff Macklem's speech at 2:30 p.m. ET on Tuesday will be a text-only affair, with no presser and no question-and-answer session, said Scotiabank. The topic is 'flexible inflation targeting in a more shock-prone world.' It could just be a celebration of the Mexican central bank marking its 100th anniversary.
US durable goods orders fell less than projected in July as weakness in the transportation equipment component persisted, official data showed. Orders for tangible items with an average life of at least three years fell 2.8% sequentially to about $302.81 billion last month, the Census Bureau said Tuesday. The consensus was for a drop of 3.8% last month in a survey compiled by Bloomberg.
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a reading of 96.5 in a survey compiled by Bloomberg as of 7:30 am ET.
The troubles faced by young people in Canada finding work aren't new, with their jobless rate having risen steadily since 2022, said CIBC. However, the most recent step up has taken unemployment to levels typically only seen during recessionary periods and has come in contrast to a surprisingly resilient labor market for other age groups, wrote the bank in a note to clients.
Community Health Systems (CYH) said Tuesday that the previously announced cash tender offer by its CHS/Community Health Systems (CYH) unit, dated July 28, had expired on Monday, Aug. 25. The company said that about $7.9 million of 5.625% senior secured notes due 2027 notes were validly tendered and not validly withdrawn by 5 pm on Monday.
Gold futures rose early on Tuesday as the dollar fell and safe-haven buying rises after U.S. President Donald Trump said he is firing Federal Reserve Governor Lisa Cook as he continues to pressure the central bank to lower interest rates even as inflation continues to run hot.
The Case-Shiller National Home Price index rose by 0.1% in June before seasonal adjustment following a 0.5% increase in May. National home prices were up 1.9% year-over-year, the slowest pace in two years according to Nicholas Godec, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.
The FHFA's measure of home prices fell by 0.2% in June after an upwardly revised 0.1% decrease in the previous month, below the 0.1% decrease expected in a survey compiled by Bloomberg as of 7:30 am ET. Prices were up 2.6% from a year earlier in June. Home prices in Q2 were unchanged from Q1 but were up 2.9% from the same quarter a year ago.
Oil prices early on Tuesday fell for the first session in five on high supply and a move away from risk assets as U.S. President Donald Trump attempts to fire Federal Reserve Governor Lisa Cook.
Legislation passed in Texas and other Southwest states this year seeks to increase or explore funding sources to finance water supply and infrastructure.
European bourses, led by Paris, tracked lower midday Tuesday after France's Prime Minister Francois Bayrou called for a confidence vote that could unseat the national government as early as September. There were also concerns following reports that US President Donald Trump has ousted Federal Reserve board member Lisa Cook, citing mortgage fraud allegations.
US equity futures were pointing lower on Tuesday after President Donald Trump said he removed Federal Reserve Governor Lisa Cook from her post and threatened more tariffs on countries that do not eliminate digital taxes and related regulations for US tech companies.
Knock, a real estate technology company that helps lenders and real estate professionals make it easy for homeowners to buy before they sell, today announced the successful close of its inaugural $100 million securitization. The $100 million bond issuance will be used exclusively to fund Knock?s Bridge Loan products.
President Trump posted a letter on social media addressed to Federal Reserve Gov. Lisa Cook, informing her that he was terminating her due to allegations of mortgage fraud. The move is likely to tee up an unprecedented legal fight over the Fed's independence.
US equity indexes fell as the Nasdaq Composite gave up intraday gains at the close on Monday amid a move higher in government bond yields and the dollar. The Dow Jones Industrial Average fell 0.8% to 45,282.47 after hitting a record high on Friday, and the S&P 500 declined 0.4% to 6,439.32. The Nasdaq Composite retreated 0.2% to 21,449.29, giving up intraday gains.
Freddie Mac today posted to its website its Monthly Volume Summary for July 2025, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
US benchmark equity indexes ended lower on Monday as investors parsed soft economic data. * Single-family home sales declined by 0.6% in July to a seasonally adjusted annual rate of 652,000 units, according to data from the Census Bureau and the Department of Housing and Urban Development, missing Bloomberg's forecast of a 0.5% increase from June's unchanged figure.
Financial stocks fell in late Monday afternoon trading, with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index declined 0.9%, and the Real Estate Select Sector SPDR Fund lost 0.4%. Bitcoin fell1.3% to $111,974, and the yield for 10-year US Treasuries rose 2 basis points to 4.28%. In economic news, single-family home sa...
US equity indexes traded mixed heading into the close on Monday amid gains in both government bond yields and the dollar. The Dow Jones Industrial Average fell 0.7% to 45,329.2 after hitting a record high on Friday, and the S&P 500 declined 0.2% to 6,451.1. The Nasdaq Composite rose less than 0.1% to 21,508.5, just off session highs.
The Texas manufacturing sector swung back into the contraction territory in August, even as new orders turned positive for the first time since January, data from the Federal Reserve Bank of Dallas showed Monday. The general business activity index fell to minus 1.8 this month from 0.9 in July, which followed a five-month contraction.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index declined 0.9%, and the Real Estate Select Sector SPDR Fund lost 0.4%. Bitcoin fell1.3% to $111,974, and the yield for 10-year US Treasuries rose 2 basis points to 4.28%. In economic news, single-family home sal...
- FHLBNY grants will help support the creation or preservation of nearly 5,000 homes - Randolph C. Snook, president and CEO of the Federal Home Loan Bank of New York, announced that the FHLBNY has awarded a record $86.3 million in subsidies to fund a record 75 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, California, Delaware, Maine, Pennsylvania and Texas.
Gold was steady midafternoon 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$0.40 to US$3,418.10 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.
Friday will bring out a fresh impression of the health of the Canadian economy when the gross domestic product for Q2 and the individual months of June and July arrive, said Scotiabank. Combined, they will also give an early impression of momentum into Q3, noted the bank.
Keurig Dr Pepper's (KDP) ratings, including its BBB long-term and A-2 short-term ratings, were placed on CreditWatch negative by S&P Global Ratings on Monday after the beverage company said it plans to acquire Netherlands-based JDE Peet's in an all-cash tender offer for about 15.7 billion euros. The ratings agency said the deal, which includes debt, values JDE Peet's at about $23 billion.
The Dow Jones and the S&P 500 stock indexes were down, while the Nasdaq Composite was up in late-morning trading Monday after Federal Reserve Chair Jerome Powell indicated on Friday in his Jackson Hole, Wyoming speech that the central bank could begin easing monetary policy next month.
Aura Minerals (AUGO) keeps its Outperform rating and US$35 price target with a speculative risk qualifier at National Bank of Canada, according to a note published over the weekend. The bank based the price target on 4.75x NTM EBITDA multiple, which reflects the continued period of growth relative to intermediate gold producer peers.
Shares of Opendoor Technologies Inc (OPEN) are trading higher Monday morning, likely fueled by favorable macroeconomic signals. The stock has now seen a 27% increase over the last five trading sessions and a 102% surge in the past month. What To Know: The primary catalyst for Monday?s momentum came from Federal Reserve Chair Jerome Powell's address last week at Jackson Hole.
The Canadian consumer sprang into summer with retail sales rebounding by a nice 1.5% month-over-month increase in June, which was expected, and more than wiped out the 1.2% May shower, said Rosenberg Research after Friday's data.
The central bank of South Korea has already cut by 100bps since last summer, including this May's 25bps reduction, before pausing in July, noted Scotiabank. The oscillating cut-hold-cut pattern this year might set Thursday's meeting up for a reduction, said the bank. South Korea has certainty in a bad trade deal with the United States, stated Scotiabank.
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.
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."?
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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