Chicago Fed President Austan Goolsbee said that he would not be in favor of lowering interest rates too rapidly even as employment data show signs of slowing, suggesting that it is too soon to assume that inflation will slow as well.
Existing home sales in the US dropped less than projected in August as mortgage rates decreased, data from the National Association of Realtors showed Thursday. Sales fell 0.2% sequentially to a seasonally adjusted annual rate of 4 million units last month.
Golar LNG said Thursday it priced a $500 million private offering of 7.5% senior unsecured notes due 2030 at par. The offering is expected to be completed on Oct. 2, subject to closing conditions, the company said. Shares of the company fell 1.6% in recent trading. Price: 40.58, Change: -0.66, Percent Change: -1.61. MT Newswires does not provide investment advice.
International Petroleum Corporation (IPCFF), an oil and gas exploration and production company, said on Thursday it has completed a US$450 million senior unsecured bond private placement offering to fully repay the company's existing outstanding bond issue by utilizing a call option.
Hamilton, Bermuda, September 25, 2025 ? Golar LNG Limited (GLNG) today announced the pricing of a private offering of $500 million in aggregate principal amount of unsecured senior notes due 2030. The sale of the Notes to the initial purchasers is expected to settle on?October 2, 2025, subject to customary closing conditions.
Bond lawyers, municipalities, and transportation officials are moving towards greater use of public private partnerships for infrastructure projects bogged down by capital constraints and high risk.
US benchmark equity indexes were lower intraday as Wall Street parsed the latest economic data, including a report showing a drop in August existing-home sales. The Nasdaq Composite was down 0.8% at 22,314 after midday Thursday, while the S&P 500 fell 0.7% to 6,590.6. The Dow Jones Industrial Average was 0.4% lower at 45,920.2. Barring energy, all sectors were in the red, led by health care.
Freddie Mac announced today it will offer approximately $487 million in non-performing loans for sale via auction. The NPLs are being marketed via five pools: four Standard Pool Offerings and one Extended Timeline Pool Offering. Bids are due from qualified bidders by October 16, 2025 for the SPO pools, and October 30, 2025 for the EXPO pool.
Gold edged higher midafternoon 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 $4.70 to US$3,772.80 per ounce, after falling off a record US$3,815.70 set on Tuesday a day earlier.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each dropping 0.4%. The Philadelphia Housing Index declined 1%, and the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin fell 2.5% to $110,836, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.19%. In economic news, US economic growth, measured by ...
Global compliant digital asset trading platform MSBFUND.com has officially announced a strategic cooperation agreement with three leading international asset management institutions.
National Bank of Canada on Wednesday maintained an underperform rating and $0.01 price target on the shares of Corus Entertainment while providing an earnings preview for the media company's fiscal fourth quarter. The bank noted that Q4 could get reported Oct. 24 unless it comes earlier amid anticipated debt restructuring.
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.
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.
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.
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.
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.
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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