Canadian gross domestic product in July got a bit of a boost on Tuesday ahead of Friday's numbers for Q2, June and July GDP, said Scotiabank. Statistics Canada's advance indicator for manufacturing sales in July was reported to be up by 1.8% month over month, seasonally adjusted in nominal terms.
BGC Group (BGC) launched Wednesday an offer to exchange up to $700 million of its outstanding 6.150% senior notes due 2030 for an equivalent amount of its registered 6.150% senior notes due 2030. The company said the old notes were issued and sold in a private offering in April.
Gold edged down early Wednesday as the dollar rose even amid concerns over U.S. President Donald Trump's move to take control of the Federal Reserve board, which continues to prompt safe-haven buying.
Blazing Star Merger Sub said Wednesday that its cash tender offer and consent solicitation for all outstanding Walgreens Boots Alliance (WBA) and Walgreen notes, maturing between 2025 and 2050 has been extended to Aug. 27 from Aug. 26. The settlement date remains Aug. 28, the company said. MT Newswires does not provide investment advice.
"I have been very fortunate to contribute to a fascinating sector of the financial industry that is full of ambiguous issues and data," said Tom Doe. "I am flattered to be included in the Hall of Fame, it is a wonderful capstone to my career."
"I have been very fortunate to contribute to a fascinating sector of the financial industry that is full of ambiguous issues and data," said Tom Doe. "I am flattered to be included in the Hall of Fame, it is a wonderful capstone to my career."
Royal Bank of Canada (RY) reported third quarter results before market open on Wednesday. CIBC analyst Paul Holden said the results were "positive," and maintained an Outperformer rating and $195 price target on the stock. "RY reported a strong beat with PTPP coming in 10% above consensus," Holden said in a note to clients.
U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product. What Happened: Speaking at the White House cabinet meeting with President Donald Trump and other officials, the Commerce Secretary tied the decision directly to the administration's embrace of digital assets.
The Bank of Japan also remained on hold at the July policy meeting and Morgan Stanley sees the BoJ on hold through 2026. To get a hike this year, the bank suspects there is a need for the implementation of the United States-Japan trade agreement to remove uncertainty and boost activity, or for the yen to weaken immediately and drive higher core inflation.
Two Midwest nonprofit healthcare organizations that have run into financial difficulty this month illustrate the role of Medicare and Medicaid reimbursements.
One of the main economic developments overnight Tuesday was the release of the latest monthly consumer price index report from Australia, said MUFG. The report revealed that inflation picked up more than expected in July, rising to an annual rate of 2.8% up from 1.9% in June, wrote the bank in a note to clients.
Societe Generale in its early Wednesday economic news summary pointed out: -- US dollar broadly bid versus G10 ahead of Nvidia Q2 earnings. -- Australia's July consumer price index accelerates more than forecast to 2.8% year over year from 1.9% in June. -- Day ahead: Nvidia Q2 earnings, consensus $1.014/share.
President Donald Trump doesn't just want to lower interest rates?he wants to rebuild the Federal Reserve from the ground up. On Monday, Trump announced he was firing Fed Governor Lisa Cook "effective immediately." Cook?s term isn?t set to expire until 2038.
While issuance is up year-over-year, weeks like this can be difficult to find the right deals, said Whitney Fitts, director of municipal portfolio management at Appleton Partners.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.3% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund shed 0.2%. Bitcoin added 0.4% to $110,647, and the yield for 10-year US Treasuries decreased 2 basis points to 4.26%. In economic news, President Donald Tru...
Manufacturing contraction in the US Mid-Atlantic region improved more than projected in August as shipments, new orders and employment rose, data from the Federal Reserve Bank of Richmond showed Tuesday. The composite manufacturing index advanced to minus 7 this month from minus 20 in July.
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin added 0.4% to $110,647, and the yield for 10-year US Treasuries decreased 2 basis points to 4.26%. In economic news, Presiden...
US consumer confidence fell in August, while 12-month inflation expectations rebounded following three straight months of easing, a report by the Conference Board showed Tuesday. The consumer confidence index dropped 1.3 points sequentially to 97.4 this month.
West Texas Intermediate crude oil closed lower on Tuesday, falling 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.
The Conference Board's Consumer Confidence Index fell to 97.4 in August from a 98.7 reading in July due to declines in both the present situation and expectations readings. The Conference Board noted that the assessment of business conditions improved slightly in the month, but that employment conditions and expectations of future job availability deteriorated modestly.
The memo, which was sent to members of Congress, recommends a second round of reconciliation that would include the repeal of the municipal bond "tax exclusion."
Gold traded higher midafternoon 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.
Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.2%. The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund eased 0.3%. Bitcoin fell 0.3% to $109,894, and the yield for 10-year US Treasuries dropped 2 basis points to 4.26%. In economic news, President Donald Tru...
Long-term U.S. treasuries were pushed lower Tuesday as the ouster of Federal Reserve Gov. Lisa Cook by President Donald Trump fueled uncertainty regarding the independence of the central bank and monetary policy direction. The 30-year Treasury yield climbed as high as five basis points to 4.94%, and now the spotlight is on ETFs that track long-term government debt.
Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.2%. The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund eased 0.3%. Bitcoin fell 0.3% to $109,894, and the yield for 10-year US Treasuries dropped 2 basis points to 4.26%. In economic news, President Donald Tru...
Virginia Gov. Glenn Youngkin is touting a $4.7 billion reserve fund as he prepares to leave office and possibly seek a presidential run while an academic study predicts headwinds for the state's economy.
Shares of Opendoor Technologies Inc (OPEN) shares are surging again Tuesday, contributing to a 48% gain over the past five trading sessions. What To Know: The primary catalyst for the bullish momentum was Federal Reserve Chair Jerome Powell?s address last week at the Jackson Hole economic symposium.
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.
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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