Black Hills Corp (BKH): * Black Hills Corp (BKH): FILES PRICING TERM SHEET OF UPTO $450 MILLION 4.550% SENIOR UNSECURED NOTES DUE 2031 Source text: Further company coverage:
By Jonathan Stempel. A federal judge on Thursday dismissed "all remaining claims" in a slew of antitrust litigation accusing large banks of conspiring to rig Libor, an interest rate benchmark that once underpinned hundreds of trillions of dollars of transactions, at investors' expense.
A federal judge on Thursday dismissed "all remaining claims" in a slew of antitrust litigation accusing large banks of conspiring to rig Libor, an interest rate benchmark that once underpinned hundreds of trillions of dollars of transactions, at investors' expense.
Rating agency Fitch said on Thursday it was downgrading automotive parts maker First Brands Group's long-term issuer default rating to 'CCC' from 'B', amid concerns the company might have to pursue debt restructuring or file for bankruptcy.
Black Hills Corp. (BKH) today announced the pricing of a registered public debt offering of $450 million aggregate principal amount of 4.550% senior unsecured notes due Jan. 31, 2031. The company intends to use the net proceeds from the offering to repay, redeem or otherwise retire all $300 million aggregate principal amount outstanding of its 3.950% notes due Jan. 15, 2026, at or before maturity.
* Initial claims for state unemployment benefits drop. * CarMax (KMX) falls to lowest in over five years. * Investors await PCE data Friday. * Indexes: Dow down 0.4%, S&P 500 down 0.5%, Nasdaq down 0.5% By Caroline Valetkevitch.
Realty Income (O) said late Thursday it has priced a $400 million offering of 3.950% senior unsecured notes due 2029 at 99.412% of the principal amount. The company said it also priced another $400 million offering of 4.500% senior unsecured notes due 2033 at 98.871%. Net proceeds will be used for general corporate purposes, according to the company. MT Newswires does not provide investment advice.
SAN DIEGO, Sept. 25, 2025 Realty Income Corporation (O), The Monthly Dividend Company?, today announced the pricing of a public offering of $400 million of 3.950% senior unsecured notes due February 1, 2029, and $400 million of 4.500% senior unsecured notes due February 1, 2033.
US equities dropped for a third session in a row on Thursday as traders evaluated fresh economic data, including reports showing declines in existing-home sales and jobless claims. The Nasdaq Composite and the S&P 500 fell 0.5% each to close at 22,384.7 and 6,604.7, respectively.
CNH Industrial (CNH) said late Thursday its unit, CNH Industrial Capital, has priced a $500 million offering of 4.5% senior unsecured notes due 2030. The offering is expected to be completed on Sept. 29, subject to closing conditions, the company said. Net proceeds will be added to general funds and be used for general corporate purposes, the company added.
The Bank of Mexico cut its benchmark interest rate to its lowest level since May 2022 on Thursday and indicated it would consider further easing at future meetings, amid ongoing concerns about global trade tensions and sluggish economic growth in Latin America's second largest economy.
The short-end correction has been "driven by a solid labor market report, which pushed Treasury yields higher as expectations for additional Fed rate cuts tempered," said Alice Cheng, director of municipal credit and investor strategy at Janney.
Freddie Mac today posted to its website its Monthly Volume Summary for August 2025, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
* U.S. economic data tempers optimism for further Fed rate cuts. * Oversupply concerns back in focus for fourth quarter. * Russia to introduce a partial ban on diesel exports until the end of the year. By Nicole Jao.
US equity indexes were lower on Thursday as most government bond yields rose amid significant economic reports. * US economic growth, as measured by gross domestic product, was revised upward to a 3.8% increase in Q2 from the previously estimated 3.3%, surpassing expectations from a Bloomberg survey that had anticipated no revision.
* Initial claims for state unemployment benefits drop. * CarMax (KMX) falls to lowest in over five years. * Investors await PCE data Friday. By Caroline Valetkevitch. U.S. stocks ended lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty about the Federal Reserve's outlook for interest rate cuts.
-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.
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.
Log In Required
Publication Date