The U.S. government's effort to privatize Fannie Mae and Freddie Mac through a $30 billion IPO has prompted the Federal Housing Finance Agency to rehire employees it laid off earlier this year. The FHFA, led by President Donald Trump?appointed director Bill Pulte, had cut roughly 30% of its workforce in the spring and summer, including economists and board members of the mortgage giants.
The U.S. jobs report revealed only 22,000 job additions in August, far below expectations, increasing the likelihood of a Fed rate cut. Still, BTC remains below $112K.
Gold has surged to unprecedented levels in early September 2025, breaching $3,500 per ounce and gaining 37% year-to-date, as investors respond to economic risks, central bank moves and a growing crisis of trust in U.S. institutions. Gold is on a historic tear. So far in 2025, the yellow metal has climbed 37%, making this its best annual performance since 1978.
On Friday, ARK Invest CEO Cathie Wood said that artificial intelligence and other breakthrough technologies are about to unleash a historic productivity boom that could drive U.S. inflation down to ?zero or even negative? levels.
U.S. Treasury Secretary Scott Bessent escalated his criticism of the Federal Reserve on Friday, urging sweeping reforms and accusing the central bank of driving inflation and inequality while President Donald Trump weighs successors to Fed Chair Jerome Powell.
US equities fell Friday following a weaker-than-expected jobs report that left Wall Street more convinced that the Federal Reserve will cut interest rates this month. The Dow Jones Industrial Average declined 0.5% to 45,400.9. The S&P 500 dropped 0.3% to 6,481.5 from a record-high close in the previous session.
US equity indexes closed lower on Friday after a disappointing August non-farm payrolls almost guaranteed a cut in interest rates this month, restarting the Federal Reserve's easing program. The Nasdaq Composite fell less than 0.1% to 21,700.39, the S&P 500 dropped 0.3% to 6,481.50, and the Dow Jones Industrial Average was 0.5% lower at 45,400.86. All three indices ended off intraday lows.
Muni yields were bumped two to 12 basis points, depending on the scale, with the largest gains out long, and UST yields fell six to nine basis points, pushing the two-year UST to its lowest levels in over two years.
US equity indexes ended lower on Friday following a notable decline in the August non-farm payrolls report. * Non-farm payrolls increased by 22,000 in August, the Bureau of Labor Statistics reported Friday, below the 75,000 gain anticipated in a Bloomberg survey.
US equity indexes traded lower ahead of the close on Friday following a downbeat non-farm payrolls report for August. The Nasdaq Composite fell 0.1% to 21,687.3, with the S&P 500 down 0.3% to 6,480.2, and the Dow Jones Industrial Average was 0.4% lower at 45,442.6. Energy and financials led the decliners, while real estate led the gainers.
Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index falling 1% and the Financial Select Sector SPDR Fund dropping 1.8%. The Philadelphia Housing Index rose 2%, and the Real Estate Select Sector SPDR Fund gained 0.9%. Bitcoin advanced 1.1% to $111,211, and the yield for 10-year US Treasuries dropped 9 basis points to 4.09%. In economic news, the August employ...
Robinhood Markets Inc (HOOD) shares are trading lower Friday afternoon amid a broad retreat among banking and financial services stocks. What To Know: The U.S. economy added a meager 22,000 nonfarm payrolls last month, falling dramatically short of expectations and marking the slowest pace of hiring since 2020. In response, cyclical sectors such as financials came under significant pressure.
With the estimated cost rising to $1.2 billion, the city council took action to end planning for the project, sparking concerns about outstanding bonds.
Financial stocks were decreasing in late Friday afternoon trading, with the NYSE Financial Index falling 1.1% and the Financial Select Sector SPDR Fund dropping 1.9%. The Philadelphia Housing Index was climbing 2%, and the Real Estate Select Sector SPDR Fund was up 0.9%. Bitcoin was rising 1.1% to $111,211, and the yield for 10-year US Treasuries dropped 9 basis points to 4.09%. In economic new...
Bitcoin's ongoing consolidation phase has sparked a heated debate, with critics pointing to gold's breakout as proof that BTC has lost steam. What Happened: Bitcoin critic Peter Schiff noted that Gold surged to fresh all-time highs around $3,600 as the Federal Reserve prepares to cut rates despite sticky inflation.
The August employment report was soft overall, with payrolls growth much slower than expected, the unemployment rate higher, and hourly earnings growth in line with the previous month. Nonfarm payrolls rose by 22,000 in August after an upwardly-revised 79,000 gain in July and a downwardly-revised 13,000 decline in June.
US benchmark equity indexes declined, while Treasury yields plunged intraday as a soft jobs report stoked fears about a slowing labor market. The Dow Jones Industrial Average was down 0.7% at 45,289.7 after midday Friday, while the S&P 500 fell 0.6% to 6,460.2, following a record-high close in the previous session.
Gold traded higher midafternoon on Friday, rising as the dollar and yields moved sharply lower after U.S. hiring stalled in July, firming expectations the Federal Reserve will move to lower interest rates beginning this month. Gold for December delivery was last seen up US$44.10 to US$3,650.80 per ounce.
A 66,000 employment decline Canada in August followed a 41,000 contraction in July, adding to evidence that the trade war is taking its toll on Canadian labour markets, writes RBC. The Canadian unemployment rate rose from 6.9% to 7.1% in August, the highest in nearly a decade. The negative jobs report today lifts the odds that the Bank of Canada could see fit to cut interest rates further.
Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund dropping 1.9%. The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund was up 0.7%. Bitcoin was rising 0.8% to $110,625, and the yield for 10-year US Treasuries dropped 10 basis points to 4.08%. In economic news,...
US equity indexes declined after midday on Friday as a significant deterioration in the August non-farm payrolls report sent government bond yields, the dollar, and crude oil sharply lower.
Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund dropping 1.9%. The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund was up 0.7%. Bitcoin was easing 0.1% to $110,681, and the yield for 10-year US Treasuries dropped 10 basis points to 4.08%. In economic news,...
US equity indexes fell in midday trading on Friday as a bleak August jobs report sent government bond yields, the dollar, and crude oil sharply lower. The Nasdaq Composite fell 0.2% to 21,658.9, with the S&P 500 down 0.5% to 6,467.8, and the Dow Jones Industrial Average 0.5% lower at 45,385.7 amid concern that weakness in the labor market is growing.
The European stock markets closed lower in Friday trading as The Stoxx Europe 600 fell 0.21%, Germany's DAX was down 0.75%, the FTSE 100 fell 0.09%, France's CAC declined 0.31%, and the Swiss Market Index was off 0.10%. Seasonally adjusted Q2 GDP increased 0.1% in the euro area and 0.2% in the EU compared with the previous quarter, according to estimates from Eurostat, the statistical office of...
Shares of D.R. Horton Inc (DHI) are trading higher Friday morning, boosted by a weaker-than-expected August jobs report that intensified investor bets on imminent interest rate cuts from the Federal Reserve. What To Know: This economic news is proving beneficial for the nation?s largest homebuilder.
The rally stemmed from the weak nonfarm payrolls report and revisions brought down the three-month average to 29,000 jobs per month, further solidifying the chance of a rate cut in September, said Chris Brigati, managing director and CIO at SWBC.
All three major US stock indexes were down in late-morning trading Friday after the Bureau of Labor Statistics reported August payroll figures that came in well below expectations. The August employment report showed nonfarm payrolls rose by 22,000, significantly below the 75,000-job increase expected in a survey compiled by Bloomberg as of 7:30 a.m. ET.
Shares of UWM Holdings Corp (UWMC) are trading higher Friday morning, as a surprisingly weak August jobs report sent waves across Wall Street, fueling expectations of imminent Federal Reserve interest rate cuts. What To Know: The U.S. economy added just 22,000 jobs last month, falling drastically short of the 75,000 economists had anticipated.
At TD Economics, Leslie Preston, managing director and senior economist, said job losses in July and August have more than reversed June's outsized gain, leaving Canada down 39,000 jobs since January. She said the unemployment rate has risen half a percentage point over the same period.
The US economy added fewer jobs than projected in August as the unemployment rate ticked up, indicating a further slowdown in the labor market that prompted some market participants to bet on a bigger interest rate cut by the Federal Reserve later this month.
August's employment report is "somewhat encouraging" after downward revisions in the previous month, which raises the likelihood of a 25 basis point rate cut at the Federal Open Market Committee meeting on Sept. 17, Jefferies analysts said in a note Friday.
Millicom International Cellular (TIGO) subsidiary Telefonica Celular del Paraguay said Friday it planned to redeem $150 million of its 5.875% senior unsecured notes due 2027 on Sept. 15. The notes will be redeemed at a price equal to 100% of the principal amount of the notes redeemed, plus accrued and unpaid interest and additional amounts to, but excluding, the redemption date, the company said.
US stocks look set to open higher in Friday's trading session as investors parse key jobs data showing non-farm payrolls rose far less than expected, stoking expectations for a Federal Reserve rate cut later this month.
Gold traded higher early on Friday, rising as the dollar and yields moved sharply lower after U.S. hiring stalled in July, firming expectations the Federal Reserve will move to lower interest rates beginning this month.
Luxembourg, September 5, 2025 ? Millicom?s subsidiary Telef?nica Celular del Paraguay S.A.E today announced its intent to redeem $150,000,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027 on September 15, 2024.
Canadian employment declined by 66,000, or 0.3% month over month, in August, largely the result of a decline in part-time work, and the employment rate fell 0.2 percentage points to 60.5%, said the country's statistical agency Friday. The unemployment rate rose 0.2 percentage point to 7.1%, noted Statistics Canada in a statement on the August Labour Force Survey.
After months of warning signs, the slowdown in America's labor market is now undeniable. August's jobs report reveals a near standstill in hiring, cementing expectations that the Federal Reserve will be forced to cut interest rates?and perhaps more aggressively than markets had already anticipated.
A further slump in employment, resulting in a larger-than-expected increase in the unemployment rate, adds to evidence that the Bank of Canada needs to restart interest rate cuts later this month, said CIBC.
The August employment report showed nonfarm payrolls rose by 22,000, well below the 75,000 jobs increase expected in a survey compiled by Bloomberg as of 7:30 am ET, while July payrolls saw an upward revision to a 79,000 increase and June payrolls were revised downwards to a 13,000 decrease, for a net downward revision of 21,000 jobs.
The soft numbers not only cement the case for a Fed rate cut later this month, but likely put a 50 basis point move on the table versus the previously expected 25.
The European Central Bank is expected to keep policy rates unchanged at 2% again at the Governing Council meeting next Thursday, said Deutsche Bank. Having signalled at the last meeting that the ECB is in a "good place to hold and watch," there has been nothing in the incoming data to challenge the assumption of a further pause in September, wrote the bank in a note to clients.
The US Bureau of Labor Statistics said it is experiencing technical difficulties ahead of the release of the US jobs report for August, scheduled for 8:30 a.m. ET. MT Newswires does not provide investment advice.
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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