Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund down 0.1%. The Philadelphia Housing Index was adding 0.3%, and the Real Estate Select Sector SPDR Fund was falling 1.2%. Bitcoin was increasing 0.9% to $112,178, and the yield of 10-year US Treasuries was shedding 4 basis points to 4.05%. In e...
The expectation of finding a new job in the US hit a record low level in August, a survey by the Federal Reserve Bank of New York showed Monday, just days after a soft jobs for last month report stoked fears about a slowing labor market.
Several major cities are staring down budget deficits and credit downgrades as the effects of inflation and OBBBA trickles down while relationships with their states adds complexity.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index fractionally down and the Financial Select Sector SPDR Fund shedding 0.1%. The Philadelphia Housing Index was adding 0.2%, and the Real Estate Select Sector SPDR Fund was falling 1%. Bitcoin was increasing 1.3% to $112,419, and the yield of 10-year US Treasuries was shedding 1.9 basis points to 4.07%. In econ...
The Federal Reserve will likely embark on a series of rate cuts this month, with the central bank unlikely to adopt an aggressive approach to monetary policy easing, Oppenheimer Asset Management said in a Monday note. The US central bank's Federal Open Market Committee is scheduled to review its policy next week, and has two more meetings after that this year.
US equity indexes were mixed after midday on Monday amid government bond yields extending declines and gold surging to a new all-time high. The Nasdaq Composite was up 0.5% to 21,800.1, after hitting a fresh record of 21,885.62 earlier in the session. Treasury yields declined, with the 10-year down 2.3 basis points to 4.06%, the lowest since early April.
The market strength is a carryover from Friday, when munis rallied upo 12 basis points after a weaker-than-expected jobs report solidified expectations for a September rate cut. This was the largest single-day rally since April.
US equity indexes rose after midday on Monday, with the Nasdaq Composite scaling new peaks, amid government bond yields extending declines and gold surging to a new all-time high. The Nasdaq Composite increased 0.8% to 21,876.2, after hitting a fresh record of 21,885.62 earlier in the session. Treasury yields declined, with the 10-year down 3.5 basis points to 4.05%, the lowest since early April.
Wider path to a September cut at the Bank of Canada, but it ins't a done deal, said RBC. Friday's Labour Force Survey isn't as bad as the headlines suggest, but not great overall, noted the bank. The optics of two consecutive negative payroll prints and a Q2 gross domestic product contraction increase the scope for the BoC to cut in September, stated RBC.
Chile's central bank delivers its next policy decision on Tuesday, noted Scotiabank. The consumer price index for August arrives on Wednesday. year-over-year rate little changed, said the bank. BCCh targets inflation within a 2%-4% range. Scotiabank predicts BCCh will leave the policy rate at 4.75% on Tuesday.
Consumer expectations for one-year US inflation growth increased to a 3.2% gain in August from a 3.1% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday.
Canada's job market was hit hard in August and the odds that the Bank of Canada will resume easing at the Sept. 17 meeting went up, said Scotiabank after Friday's Labour Force Survey. With materially fresh evidence, the bank's revised call is a 25bps cut next week, followed by another in October and then hold, it stated late Friday.
Following the Bank of England August rate decision, Deutsche Bank noted that a Q4 2025 rate cut was likely but was ultimately a "coin toss" between November and December. On the margins, the bank favored a November rate cut given the backdrop of updated projections and more open communication -- something, indeed, the BoE's MPC has stuck to all cycle.
The shortened Labour Day week was a "wild ride," as concerns about fiscal pressures pushed United States bond yields higher to start the week, taking global debt markets with them, TD said. However, conditions have since cooled as economic data stoked growth worries, the bank said.
Greystone, a leading national commercial real estate finance company, has provided a $19,764,000 Fannie Mae DUS? loan to refinance Legacy on Rockhill, a newly constructed 128-unit build-to-rent community in McKinney, Texas.
After a surprisingly stronger Q2, where the United Kingdom claimed the fastest gross domestic product growth rate among G7 economies, all signs point to a slowdown in economic activity in H2 of the year, said Deutsche Bank. A course correction in trade-fronting, stockpiling, net acquisitions of precious metals and public sector spending, the bank thinks, will see U.K. GDP growth slow into H2.
Harrow said Monday it launched a $250 million private offering of senior unsecured notes due 2030. Harrow said it expects to use the net proceeds to repay its $107.5 million facility with Oaktree Fund Administration, to redeem $75 million of its outstanding 8.625% senior notes and $40.3 million of its outstanding 11.875% senior notes, and to pay certain related exit costs.
Antero Midstream (AM) said Monday it plans to sell $500 million of senior unsecured notes due 2033 through a private placement. Net proceeds, including borrowings under Antero Midstream's (AM) revolving credit facility, will be used to fully redeem its 5.75% senior notes due 2027, the company said. MT Newswires does not provide investment advice.
Announces Commitment for New $40 Million Revolving Credit Facility Issues Conditional Notice of Redemption of 11.875% Senior Notes due 2027 Harrow?, a leading provider of ophthalmic disease management solutions in North America, today announced that it has commenced a private offering of $250.0 million aggregate principal amount of senior unsecured notes due 2030, subject to market and certain...
European bourses tracked moderately higher midday Monday on prospects for monetary policy easing by the Federal Reserve after weak US labor market data last week, and as traders shrugged off a pending national government shake-up in Paris. Bank and oil stocks led gainers on continental trading floors, while food issues lagged.
The US dollar fell against its major trading partners early Monday, except for a gain versus the yen, as the focus turns to August inflation data this week in the absence of appearances by Federal Reserve officials during the quiet period before the Sept. 16-17 FOMC meeting.
Wall Street futures pointed moderately higher pre-bell Monday as traders weighed prospects for Federal Reserve easing after the recent batch of soft job-market reports and awaited pending inflation bulletins from Washington.
NEW YORK, September 8, 2025 ? Wix.com Ltd. (WIX), the leading SaaS website builder platform1, today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), announced today that it is proposing to sell $1,025.0 million aggregate principal amount of its senior notes due 2031 and $1,025.0 million aggregate principal amount of its senior notes due 2033 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
Asian stock markets tracked moderately higher Monday on the outlook for a rate cut from the Federal Reserve after soft US job-market reports last week, and a pending change in political leadership in Tokyo. Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.
Societe Generale in its early Monday economic news summary pointed out: -- US dollar and United States Treasury yields steady after nonfarm payrolls led losses on Friday, rise in unemployment rate to 4.3% raises odds of a 50bps cut at the FOMC meeting next week. -- Japan: LDP party to set leadership election date on Tuesday after PM Ishiba resigned on Sunday.
Baidu (BIDU) said Sunday it is planning to offer Chinese renminbi-denominated senior unsecured notes in offshore transactions outside of the US. Net proceeds will be used for general corporate purposes, including debt repayments, the company said. MT Newswires does not provide investment advice.
Economist Paul Krugman is raising the alarm against President Donald Trump?s attempts to destroy the Federal Reserve?s independence, in a push for personal control over monetary policy.
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.
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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