US equity investors will focus mainly on quarterly earnings and China trade relations this week, ahead of the easing path it expects the Federal Reserve to adopt to tackle labor market weakness. * Netflix (NFLX), Tesla, and IBM (IBM) are among the companies that will report quarterly results this week, potentially setting the tone for the market.
US equity indexes rose this week as credit-stress concerns surrounding regional banks dissipated, the Federal Reserve sent dovish signals amid continuing data fog, and the Trump administration avoided an escalation in China trade tensions. * The S&P 500 closed at 6,664.01 on Friday versus 6,552.5 a week ago.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was up 0.3%, while the Real Estate Select Sector SPDR Fund rose 0.7%. Bitcoin was declining 1.4% to $106,389, and the yield for 10-year US Treasuries rose 3.1 basis points to nearly 4.01%. In economic news, Pr...
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1.1%. The Philadelphia Housing Index was up 0.3%, while the Real Estate Select Sector SPDR Fund rose 0.7%. Bitcoin was declining 1.2% to $106,714, and the yield for 10-year US Treasuries rose 2.5 basis points to nearly 4%. In corporate news, Ea...
According to Avery Shenfeld, while CIBC is a tick above consensus on headline inflation, the underlying story is still supportive for an October Bank of Canada rate cut. CIBC forecast CPI month over month of 0.0%, compared to a consensus -0.1%, and CPI year over year of 2.3%, versus 2.2%. Also CIBC estimates 3% in both CPI Core Median and CPI Core Trim year over year, same as consensus.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index was decreasing 0.3%, while the Real Estate Select Sector SPDR Fund rose 0.2%. Bitcoin was declining 2.2% to $106,192, and the yield for 10-year US Treasuries was rising 3 basis points to 4.01%. In economic news, ...
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund adding 0.7%. The Philadelphia Housing Index was decreasing 0.3%, while the Real Estate Select Sector SPDR Fund rose 0.2%. Bitcoin was declining 1.4% to $106,724, and the yield for 10-year US Treasuries was rising 3 basis points to 4.01%. In corporate news,...
Maryland's Capital Debt Affordability Committee is recommending the state stick to its guns by endorsing a plan to borrow up to $1.75 billion for capital projects in the coming fiscal year, despite the job shedding inflicted by the Trump administration's plans to shrink the federal government.
The bill was a response to a charter school fraud that took the state for $400 million, but Gov. Gavin Newsom said the proposed reforms were too expensive.
Morgan Stanley (MS) has started marketing investment-grade bonds in as many as five parts, Bloomberg News reported Friday, citing a person familiar with the matter. The offering will include an 11-year bond, which will yield roughly 1.15 percentage points more than US Treasuries based on initial price discussions, the report said.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated October 9, 2025 and related Notice of Guaranteed Delivery dated October 9, 2025.
CNBC?s Jim Cramer declared Thursday that a recent spike in bad bank loans is the signal the Federal Reserve needs to begin cutting interest rates, arguing that the ?credit cavalry is right on time? to rescue the market.
The US dollar fell against its major trading partners early Friday ahead of a lighter day of economic data releases. The Atlanta and St. Louis Federal Reserve banks are expected to update their gross domestic product Nowcast models for Q3 around midday, though the absence of government data inputs may even delay or cancel those updates.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: Concerns on regional United States banks trigger risk-off, U.S. Treasuries expand gains in Asia. Fed: Federal Reserve Governor Christopher Waller calls for careful cuts in 25bps increments, Governor Stephen Miran wants bigger steps.
Canadian housing starts rose to 279,000 in September, an impressive show of strength despite soft resale conditions, said Bank of Montreal. Few things to note: resale conditions aren't soft everywhere. Indeed, while Canadian housing starts have turned higher over the past 12 months, they are at decade lows in Ontario. Rental construction is still driving the increase in starts, stated BMO.
??Corporate Credit Rating Upgraded to BBB- from BB+?? Reflects Company?s Continued Execution of Key Value Enhancing Initiatives? Global Net Lease, Inc. (GNL) announced today that Fitch Ratings has upgraded its corporate credit rating to investment-grade BBB- from BB+. We believe the upgrade to an investment-grade rating was largely driven by GNL?s strategic achievements over the past two years, desig...
The tone in risk markets soured again overnight as traders rotated back to stablecoins, avoiding bitcoin and smaller tokens ahead of key Federal Reserve and geopolitical catalysts.
Navios Maritime Partners L.P. (NMM), rated BB by S&P has mandated Norwegian investment banks to arrange a series of fixed income investor calls commencing on October 20, 2025. The net proceeds from the contemplated bond issue are intended to be used for the repayment of certain of the Company?s outstanding debt facilities and for general corporate purposes of the group.
TORONTO, Ontario and NEW YORK, Oct. 16, 2025 -- Bitfarms Ltd. (BITF), a North American energy and digital infrastructure company, today announced that it has priced its offering of US$500 million aggregate principal amount of 1.375% convertible senior notes due 2031.
US equity indexes fell Thursday as mounting credit concerns at two regional banks helped push government bond yields lower, while the Russia-Ukraine war looked set to return to center stage.
The Federal Reserve is not expected to drastically cut rates by year end due to the fact that the US economy remains on a solid growth trajectory and inflation remains above its 2% target, Stifel Financial Chief Economist Lindsey Piegza said Thursday.
Earlier Thursday, the market was "chugging along, doing OK, just kind of nothing, in between slight strength to modest upticks, but the narrative changed when that bank news came out. The market really ran pretty quickly," said Chris Brigati, managing director and CIO at SWBC.
US equity indexes fell ahead of the close on Thursday as a sharp drop in government bond yields and a surge in gold futures to new all-time highs undermined investor confidence. The Nasdaq Composite fell 0.5% to 22,563.1, with the S&P 500 down 0.6% to 6,629.9 and the Dow Jones Industrial Average 0.6% lower at 45,968.5. Financials and energy led the decliners intraday.
The Federal Reserve should cut interest rates by 25 basis points later this month, Governor Christopher Waller said Thursday, while his colleague, Stephen Miran, pushed for a more aggressive easing stance. Macro data are giving "conflicting" signals, with economic activity seeing solid growth and labor marking softening, Waller said in remarks prepared for a speech in New York.
Financial stocks declined in late Thursday afternoon trading, with the NYSE Financial Index falling 2.1% and the Financial Select Sector SPDR Fund dropping 3.1%. The Philadelphia Housing Index lost 1%, while the Real Estate Select Sector SPDR Fund eased 0.3%. Bitcoin declined 3% to $107,926, and the yield for 10-year US Treasuries dropped 7.4 basis points to 3.97%. In economic news, US homebuil...
"Going forward, the staff will provide the other side with at least four weeks to make Wells submissions," SEC Chairman Paul Atkins said in a recent speech.
The attackers did not steal any data, but the firm had to rebuild its servers to get back into operation, said Albert Rodriguez, a manager at ImageMaster.
Financial stocks declined in late Thursday afternoon trading with the NYSE Financial Index falling 1.8% and the Financial Select Sector SPDR Fund dropping 2.7%. The Philadelphia Housing Index lost 1%, while the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin declined 2% to $108,532, and the yield for 10-year US Treasuries dropped 7 basis points to 3.98%. In corporate news, Zions Bancorp...
Fed Governor Christopher Waller said that the FOMC should lower rates by 25 basis points at its Oct. 28-29 meeting but cautioned that beyond that a lack of government data and conflicts in the data that are available suggest moving carefully to see how GDP growth and the labor market progress.
US equity indexes fell after midday on Thursday as a sharp drop in government bond yields and a surge in gold and silver futures to new all-time highs undermined investor confidence. The Nasdaq Composite fell 0.3% to 22,596.5, with the S&P 500 down 0.5% to 6,637.6 and the Dow Jones Industrial Average 0.4% lower at 46,062.9. Financials and energy led the decliners intraday.
Financial stocks declined in Thursday afternoon trading with the NYSE Financial Index falling 1.4% and the Financial Select Sector SPDR Fund dropping 2.1%. The Philadelphia Housing Index lost 1.1%, while the Real Estate Select Sector SPDR Fund rose 0.1%. Bitcoin declined 1.7% to $108,951, and the yield for 10-year US Treasuries dropped 5.1 basis points to 3.982%. In economic news, US homebuilde...
The city plans a competitive general obligation bond sale, as well as a sales tax revenue bond issue to help finance a professional basketball arena next year.
R. Wade Norris has joined the Washington, D.C., office of Dinsmore & Shoal as a partner to shore up operations in the firm's work in multifamily finance and public private partnerships.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index falling 1.5% and the Financial Select Sector SPDR Fund dropping 1.9%. The Philadelphia Housing Index was down 0.9%, while the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin was declining 1.7% to $108,951, and the yield for 10-year US Treasuries dropped 4 basis points to 3.99%. In corporate news, Wes...
Berenberg said it thinks that gross domestic product growth needs to slow for the United Kingdom to cure its inflation problem. Given the repeated pattern in U.K. GDP of strong gains in H1 followed by a slowdown in H2, the bank uses the annual growth rate as the most reliable gauge of underlying economic activity.
European stock markets closed higher in Thursday trading as the Stoxx Europe 600 gained 0.63%, Germany's DAX rose 0.38%, the FTSE 100 was up 0.12%, and France's CAC and the Swiss Market Index each advanced 1.38%. In the UK, the monthly gross domestic product grew an estimated 0.1% in August after shrinking 0.1% in July, according to the Office for National Statistics.
Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
The Toronto Stock Exchange is up 62 points at midday with telecoms and info tech, up 1% and 0.8%, respectively, the biggest gainers. Miners and energy are the biggest decliners, down 0.9% and 0.7%, respectively. In terms of domestic economic news, Canadian housing starts increased 14% month-on-month in September to 279.2k units, compared with the 17% m/m drop in August.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.27%. ?Mortgage rates inched down this week and have held relatively steady over the past several weeks,? said Sam Khater, Chief Economist at Freddie Mac.
With vital government data delayed due to the federal government shutdown, Stifel Chief Economist Lindsey Piegza, in a research note Thursday, urged caution when interest rate decisions are made at the next Federal Open Market Committee meeting scheduled for Oct. 28-29.
Bank of Canada Governor Tiff Macklem is set to speak at the Peterson Institute for International Economics in a moderated session starting at 1:30 p.m. ET on Thursday, said Scotiabank. No published remarks are expected, no press conference is scheduled but there will be audience Q&A and a webcast available on the PIE website, noted the bank.
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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