-San Francisco Federal Reserve Bank President Mary Daly repeated on Thursday that the U.S. central bank likely needs to cut interest rates further, but it needs to move slowly as it balances risks to its twin goals of full employment and price stability.
Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund shedding 0.3%. The Philadelphia Housing Index declined 1.2%, and the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin fell 3.5% to $109,494, and the yield for 10-year US Treasuries rose 2.3 basis points to 4.17%. In economic news, US economic growth,...
San Francisco Federal Reserve Bank President Mary Daly repeated on Thursday that the U.S. central bank likely needs to cut interest rates further, but it needs to move slowly as it balances risks to its twin goals of full employment and price stability.
US equity indexes were lower ahead of the close on Thursday amid better-than-expected GDP growth and initial jobless claims data. The Nasdaq Composite fell 0.54% to 22,375.8, with the S&P 500 down 0.52% to 6,603.1, and the Dow Jones Industrial Average 0.38% lower at 45,944.6. Most sectors fell, with health and consumer discretionary leading the decliners.
The US economy grew in the second quarter at a faster pace than previously projected amid an upward revision to consumer spending, a third estimate by the Bureau of Economic Analysis showed Thursday. Real gross domestic product in the world's largest economy increased at an annualized rate of 3.8% in the June quarter, stronger than a 3.3% pace pegged in the second estimate.
* US GDP data stronger than expected. * Dollar index rises to two-week high. * Euro drops to two-week low against dollar. * Swiss franc falls after SNB leaves rates unchanged. By Chibuike Oguh.
* Yields inch higher after economic data surprises to upside. * Market awaits jobs numbers, other Q3 data, for Fed's rate path. * Treasury sells $44 bln in seven-year notes at 2.48x bid-to-cover. By Matt Tracy.
S&P: * S&P: TRINIDAD AND TOBAGO 'BBB-' RATING AFFIRMED, OUTLOOK REVISED TO NEGATIVE FROM STABLE ON ONGOING WEAKNESS IN FINANCES. * S&P: TRINIDAD AND TOBAGO'S FISCAL, EXTERNAL BUFFERS HAVE BEEN GRADUALLY WEAKENING OVER TIME; LONG-TERM ECONOMIC GROWTH HAS BEEN LOW.
-Federal Reserve Governor Lisa Cook urged the U.S. Supreme Court on Thursday to reject Donald Trump's attempt to fire her, telling the justices the Republican president's unprecedented move would destroy the central bank's independence and disrupt financial markets.
Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund shedding 0.4%. The Philadelphia Housing Index declined 1.2%, and the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin fell 3.3% to $109,909, and the yield for 10-year US Treasuries rose 2.3 basis points to 4.17%. In economic news, US economic growth,...
* Until Trump, no president had tried to fire a Fed official. * Legal battle jeopardizes Fed's longstanding independence. By Andrew Chung. Federal Reserve Governor Lisa Cook urged the U.S. Supreme Court on Thursday to reject President Donald Trump's unprecedented attempt to oust her from the central bank's board.
* Dollar gains while Treasury yields rise. * Switzerland keeps interest rates at zero. * Brent futures settle slightly higher, WTI ends close to flat. By Sin?ad Carew and Marc Jones.
The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, bringing the rate to 7.50%. The decision by the central bank's five-member governing board was not unanimous, the bank said in a statement announcing the rate decision, with deputy governor Jonathan Heath voting to hold the rate at its previous 7.75% level.
The third estimate for Q2 GDP showed a 3.8% gain, an upward revision from a 3.3% increase in the previous estimate, with an upward adjustment to personal consumption the main factor. The GDP price index was revised up to a 2.1% gain from a 2.0% increase in the second estimate, with the PCE price index and core PCE price index also adjusted upward from their previous estimates.
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.
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.
* Initial claims for state unemployment benefits drop. * CarMax (KMX) falls to lowest in over five years. * Indexes: Dow down 0.5%, S&P 500 down 0.6%, Nasdaq down 0.7% By Caroline Valetkevitch. U.S. stocks were lower on Thursday, with most sectors down, as economic data increased uncertainty about the outlook for interest rate cuts.
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.
-The Federal Reserve's newest policymaker, Stephen Miran, continued on Thursday to press for sharp U.S. interest-rate cuts to prevent labor market collapse, saying his fellow central bankers are more scared than they should be that tariffs will drive inflation up. Other Fed policymakers pushed back.
-The Federal Reserve's newest policymaker, Stephen Miran, continued on Thursday to press for sharp U.S. interest-rate cuts to prevent labor market collapse, saying his fellow central bankers are more scared than they should be that tariffs will drive inflation up.
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.
-Citadel CEO Ken Griffin expects the U.S. Federal Reserve to cut interest rates one more time this year, he said on Thursday in a CNBC interview. "I think the Fed is nervous about the labor market because we did see this decline in the number of jobs being created, and in terms of balance of risks they chose to focus on the unemployment side rather than on the inflation side," Griffin said.
Citadel CEO Ken Griffin expects the U.S. Federal Reserve to cut interest rates one more time this year, he said on Thursday in a CNBC interview. "I think the Fed is nervous about the labor market because we did see this decline in the number of jobs being created, and in terms of balance of risks they chose to focus on the unemployment side rather than on the inflation side," Griffin said.
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.
Turning partner commitment into lasting value AD Mortgage, a leading national mortgage lender, announced today the launch of the Freddie Mac HomeOne program, significantly expanding affordable mortgage options for qualified first-time homebuyers across the country.
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 ...
-Federal Reserve Bank of Dallas President Lorie Logan said on Thursday the time has come for the central bank to modernize how it manages money market conditions to achieve its monetary policy objectives. To do this, Logan said the central bank's long-standing practice of targeting the federal funds lending market to achieve a given level of short-term interest rates needs to shift.
* Fed's Logan suggests targeting tri-party general collateral rate for policy implementation. * Current fed funds market seen as fragile by Logan. * Logan says better to overhaul system sooner rather than later. By Michael S. Derby.
* Second-quarter GDP growth revised up to a 3.8% rate. * Consumer spending accounts for the upgrade to growth. * Weekly claims for unemployment benefits drop 14,000 to 218,000. By Lucia Mutikani.
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.
* Trump is asking Supreme Court to let him remove Cook. * Filing says Cook firing threatens Fed independence. * Trump makes unproven mortgage fraud allegations. By Dan Burns.
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.
* Yields inch higher after economic data surprises to upside. * Market awaits jobs numbers, other Q3 data, for Fed's rate path. * Treasury to auction $44 billion in seven-year notes in afternoon. By Matt Tracy.
* FTSE 100 down 0.4%, FTSE 250 down 0.5% * British medical equipment shares slide on US tariffs fears. * Petershill Partners (PHLLF) fall amid delisting plan. * Mitchells & Butler dives on weak Q4 sales growth.
* Indexes down: Dow 0.12%, S&P 500 0.40%, Nasdaq 0.38% * Initial claims for state unemployment benefits drop. * Intel (INTC) rises on report chipmaker seeking investment from Apple (AAPL). * CarMax (KMX) falls to lowest in over five years. By Niket Nishant and Sukriti Gupta.
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.
* Bond yields tick higher after upbeat US economic data. * Geopolitical risks fail to move the bond market. * Hopes for fiscal stimulus to boost German economy fading. By Stefano Rebaudo.
* Equities fall on dampening rate cut hopes. * Dollar holds gains while Treasury yields rise. * Switzerland keeps interest rates at zero. * Oil eases back from 7-week closing high. By Sin?ad Carew and Marc Jones.
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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