News Results

US benchmark stock indexes traded lower after midday trading on Thursday after a two-day losing streak as Treasury yields rose following a slew of new economic data.

Weekly applications for unemployment insurance reached their lowest level in two months, government data showed Thursday, with Oxford Economics saying the report offers "some assurance" that labor market conditions are not weakening.

The Fayetteville City Council will decide in October whether to put bonds backed by an extension of a one-cent sales tax on the March 2026 ballot.

Federal Reserve Bank of Kansas City President Jeff Schmid said that the central bank should continue its focus on curbing inflation, as the job market is "largely in balance."

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.30%. ?Following several weeks of decline, mortgage rates inched up this week,? said Sam Khater, Freddie Mac?s Chief Economist.

NGEx Minerals (NGXXF) said Thursday that it plans to conduct up to 25,000 meters of diamond drilling as part of its phase-four exploration plan at the Lunahuasi copper-gold-silver project in Argentina. The phase four program is scheduled to start in early October and will likely continue until May 2026.

All three major US stock indexes were down in late-morning trading Thursday after the Commerce Department reported a significant upward revision to Q2 gross domestic product and weekly jobless claims came in below expectations. US economic growth, measured by GDP, was revised up to a 3.8% increase in Q2 from the previously reported 3.3%, the Commerce Department said Thursday.

The Swiss central bank held its policy rate at 0% on Thursday as widely anticipated, said Scotiabank. President MartinSchlegel said that while SNB is well aware of the costs to going negative, "if it's really necessary to fulfill our mandate we are ready to use all the tools that are available-also negative interest rates."

The Kansas City Fed monthly manufacturing index rose to a reading of 4 in September from 1 in August, above expectations for a smaller increase to a 2 print in a survey compiled by Bloomberg as of 7:35 am ET, indicating faster expansion in the sector. Other regional manufacturing data already released have been mixed.

National Bank of Canada Wednesday increased Paramount Resources' (PRMRF) price target to $27.50 from $25 with a sector perform rating. The company received a higher target after recently providing an operations update highlighting the value momentum being generated within the business, including the sale of its stake in NuVista Energy (NUVSF) for $300 million.

The U.S. economy grew 3.8% in the second quarter, much higher than previously reported, sending yields higher and risk assets lower.

Bridge 2 Technologies, a leading global ERM platform that drives business growth by connecting corporations, small and emerging businesses, suppliers, investors, advisors and professionals, announced a strategic partnership with the Women Presidents Organization, a membership organization where dynamic and diverse women business leaders around the world tap into collective insight with exclusiv...

Sweden's Riksbank rate cut to 1.75% on Wednesday surprised markets, but was supported by weak economic data and a strong krona SEK), resulting in a lower EUR/SEK, said UBS. United States tariffs and a sluggish labor market continue to weigh on Sweden's economy, but fiscal stimulus and favorable global conditions support the krona, wrote the bank in a note to clients.

Existing-home sales remained essentially the same in August, ticking down by 0.2% from July, according to the National Association of REALTORS? Existing-Home Sales Report. Month-over-month sales increased in the Midwest and West, and fell in the Northeast and South.

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 1% on Thursday.

The pace of US existing home sales fell by 0.2% to a 4.00 million seasonally adjusted annual rate in August from 4.01 million in July, compared with a larger expected decrease to a 3.95 million rate in a survey compiled by Bloomberg as of 7:35 am ET, data from the National Association of Realtors released Tuesday showed. Total sales were still up 1.8% from a year earlier.

Canada's Parliamentary Budget Officer Thursday revised down its economic outlook, citing increased trade uncertainty and the impact of tariffs. Real gross domestic product is now projected to grow 1.2% in 2025 and 1.3% in 2026, compared with March forecasts of 1.7% and 1.5%, respectively, the PBO said.

Gold rose early on Thursday, rising off a day-prior drop even as the dollar and treasury yields rose after U.S. initial jobless claims slowed last week and second-quarter gross domestic product growth was revised higher. Gold for December delivery was last seen up $16.90 to US$3,785.00 per ounce, after falling off a record US$3,815.70 set on Tuesday.

Rate, a leading fintech company, today announced an increase in its conforming loan limit to $819,000 for select loan products across the contiguous 48 states. This proactive adjustment allows more borrowers to qualify for conforming loans, which typically offer more competitive rates and simpler requirements compared to high-balance or jumbo loans.

Corporacion Inmobiliaria Vesta, known as Vesta, said Thursday it has priced a private offering of 5.500% senior unsecured notes due Jan. 30, 2033 at $500 million aggregate principal amount. The Mexican industrial real estate development company said it intends to use net proceeds from the offering to pay down debt and for general corporate purposes.

US economic growth, measured by gross domestic product, was revised up to a 3.8% increase in Q2 from a 3.3% gain in the previous estimate, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:35 am ET. GDP fell by a revised 0.6% in Q1.

US initial jobless claims fell to 218,000 in the week ended Sept. 20 from an upwardly revised 232,000 in the previous week, compared with expectations for an increase to 233,000 in a survey of analysts compiled by Bloomberg as of 7:35 am ET. The four-week moving average fell by 2,750 to 237,500 after falling by 500 to 240,250 in the previous week.

The state's government now expects general fund revenues to decline 2.3% in the current fiscal year from the previous fiscal year.

Deutsche Bank said it recently turned bullish on Mexico's peso as besides the high carry, the resilience of the trade balance has been another positive driver for the currency, improving the current account despite an underperformance of primary and secondary income.

The US dollar rose against its major trading partners early Thursday, except for decline versus the Canadian dollar, before a busy day of economic data releases and appearances by Federal Reserve officials.

Alimentation Couche-Tard (ANCTF) overnight Wednesday said it priced a private debt offering of US dollar denominated senior unsecured notes with an aggregate principal amount of US$1.2 billion, and that it priced a private debt offering of Canadian dollar denominated senior unsecured notes with an aggregate principal amount of C$500 million.

Wall Street futures pointed modestly lower pre-bell Thursday as traders eyed tech-sector prospects, and awaited clarity on pending rate cuts, if any, from the Federal Reserve. The Nasdaq mildly faltered in premarket hours on concerns that AI-mania has stretched values of tech-darlings, with bellwether chipmarket Nvidia slipping 0.6% before the open.

US equity markets were mostly pointing lower before the opening bell Thursday as traders await key economic data and commentary from several central bank officials. The S&P 500 and the Nasdaq declined 0.1% each in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes closed Wednesday in the red for the second consecutive trading session.

Cipher Mining Inc. (CIFR) , a leading developer and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $800 million aggregate principal amount of 0.00% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, ...

Wednesday's softer German Ifo survey hasn't materially altered expectations for the European Central Bank to leave rates on hold through the rest of this year, said MUFG. ECB Executive Board member Piero Cipollone spoke on Wednesday and expressed confidence that the ECB is on track to meet its inflation goal.

Oil and gas prices have remained relatively range bound since early 2024, but resilience across covered companies continues to show signs of improvement, driven by a recent paradigm shift in capital discipline, National Bank of Canada said in a Wednesday note.