U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman plans to reorganize the agency's supervision and regulation division and cut the unit's staff by about 30%, according to an email sent to staff Thursday. The reduction will be through attrition, retirements and voluntary separation incentives, according to the email seen by Reuters.
-U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman plans to reorganize the agency's supervision and regulation division and cut the unit's staff by about 30%, according to an email sent to staff Thursday. The reduction will be through attrition, retirements and voluntary separation incentives, according to the email seen by Reuters.
* Tokyo Oct core CPI rises 2.8% yr/yr vs f'cast +2.6% * Index excluding fresh food, fuel rises 2.8% yr/yr in Oct. * Data keeps alive expectations of near-term BOJ rate hike. * Factory output rises 2.2% in September, beats forecast. By Leika Kihara.
Federal Reserve Chair Jerome Powell surprised many market-watchers on Wednesday when he declared that another interest rate cut in December was not a slam dunk. In the press conference after the central bank lowered its fed funds policy target range by 25 basis points, Powell cited several reasons why a similar move in December is "far from" a done deal.
* Tokyo Oct core CPI rises 2.8% yr/yr vs f'cast +2.6% * Index excluding fresh food, fuel rises 2.8% yr/yr in Oct. * Data keeps alive expectations of near-term BOJ rate hike. By Leika Kihara.
The number of Americans filing new applications for unemployment benefits fell last week, economists estimated on Thursday, though new job opportunities for those who are laid off remained scarce amid a reluctance by businesses to boost hiring.
* Economists estimate weekly jobless claims dropped to around 219,000. * Claims at current estimated levels point to stable labor market. * Continuing claims estimated to have increased to about 1.957 million. By Lucia Mutikani.
-U.S.?government-sponsored mortgage enterprise Fannie Mae has cut more than 62 jobs across departments, including Information Technology,?and Diversity, Equity and Inclusion, Federal Housing Finance Agency Director William Pulte said on Thursday. "We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales.
U.S. government-sponsored mortgage enterprise. Fannie Mae. has cut more than 62 jobs across departments, including Information Technology, and Diversity, Equity and Inclusion, Federal Housing Finance Agency Director William Pulte said on Thursday. "We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales.
Social media giant Meta Platforms (META) will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure.
CHICAGO, Oct. 30, 2025 ?Ziegler is pleased to announce the successful pricing of $34,000,000 Series 2025 Bonds for The Chapel Hill Residential Retirement Center, Inc. d/b/a Carol Woods.
The Trump administration has fired about a dozen officials within Fannie Mae's ethics and internal investigations unit, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
* Trump and Xi strike deal over rare earths and tariffs. * Fed's Powell hints 25 bps cut may be last of 2025. * ECB keeps rates unchanged. * Megacaps Microsoft (MSFT) and Meta decline, impacting global shares. * Dollar strengthens against yen after BOJ policy announcement. By Chuck Mikolajczak.
Completed $978 Million in New Investments Year-to-Date Closed a New $2.3 Billion Unsecured Credit Facility Increased Full Year Adjusted FFO Guidance Repaid $600 Million of Senior Unsecured Notes in Q4 HUNT VALLEY, Md.---- Omega Healthcare Investors, Inc. (OHI) announced today its results for the quarter ended September 30, 2025.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Amazon.com (AMZN) forecast quarterly revenue largely above Wall Street estimates on Thursday on strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence.
Fuller Center for Housing of NWLA Receives Partnership Grant Program Funds for 20th Anniversary Legacy Build. For many families in Northwest Louisiana, the dream of homeownership is becoming a reality thanks to a $45,000 grant from the Federal Home Loan Bank of Dallas and four local banks. This press release features multimedia.
Financial stocks gained in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 0.5%. The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund added 0.6%. Bitcoin fell 3.3% to $107,083, and the yield for 10-year US Treasuries rose 3.5 basis points to 4.09%. In corporate news, BlackRock (BLK) is among ...
* Fed's Powell says December rate cut not guaranteed. * US Treasury yields rise amid lower rate-cut odds. * Government shutdown's effect on data may affect policy. * Meta $30 billion bond sale attracts strong investor demand. By Tatiana Bautzer.
Financial stocks gained in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 0.5%. The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund added 0.6%. Bitcoin fell 3.3% to $107,083, and the yield for 10-year US Treasuries rose 3.5 basis points to 4.09%. In corporate news, BlackRock (BLK) is among ...
* Trump and Xi strike deal over rare earths and tariffs. * Fed's Powell hints 25 bps cut may be last of 2025. * ECB keeps rates unchanged. * Megacaps Microsoft (MSFT) and Meta decline, impacting global shares. * Dollar strengthens against yen after BOJ policy announcement. By Chuck Mikolajczak.
* Finance minister confident in Q4 pick-up. * Q3 marked first year-on-year contraction since 2021. * Ministry hikes year-end inflation forecasts. * 2025 GDP growth, public debt forecasts maintained. By Ana Isabel Martinez.
West Texas Intermediate crude oil closed with a small gain on Thursday on optimism for recovering global growth after the United States and China reached a trade deal and the Federal Reserve lowered interest rates.
Gold prices firmed above the US$4,000 mark midafternoon on Thursday following the Federal Reserve's rate cut a day earlier, even as the central bank signaled it is likely to pause further easing this year. Gold for December delivery was last seen up $15.30 to $4,016.00 per ounce.
U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchases of the current U.S. harvest.
Mexican Finance Minister Edgar Amador said on Thursday he expects the country's fiscal deficit to land between 4.3%-4.4% of gross domestic product this year, in line with estimates in the government's recent budget report. Public debt for the end of September stood at 49.9% of GDP, Amador said in a quarterly economic presentation, compared to 49.5% reported for the end of June.
* Canadian dollar falls 0.3% against the greenback. * Trades in a range of 1.3928 to 1.4014. * Price of oil increases 0.5% * 10-year yield pulls back from a near three-week high. By Fergal Smith.
Gold prices firmed above the US$4,000 mark midafternoon on Thursday as traders following the Federal Reserve's rate cut a day earlier, even as the central bank signaled it is likely to pause further easing this year. Gold for December delivery was last seen up $15.30 to $4,016.00 per ounce.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund rising 0.9%. The Philadelphia Housing Index was up 0.45%, and the Real Estate Select Sector SPDR Fund was adding 0.7%. Bitcoin was declining 3.8% to $107,439, and the yield for 10-year US Treasuries was rising 3.1 basis points to 4.09%. In trade news, US Pr...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Reaseguradora Internacional, S.A.. The outlook of these Credit Ratings is stable.
Swiss National Bank governing board member Petra Tschudin said on Thursday that if inflation in the country fell below 0% for a short time, the central bank could live with it. Speaking at an event in Basel, Tschudin also said that the SNB's expansive monetary policy is currently appropriate.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Ol? Insurance Group Corp I.I.. The outlook of these Credit Ratings is stable.
-Goldman Sachs CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. "If we continue on the current course, and we don't take the growth level up... there will be a reckoning," Solomon told the Economic Club of Washington. The U.S. national debt recently hit $38 trillion.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.7% and the Financial Select Sector SPDR Fund rising 0.9%. The Philadelphia Housing Index was up 0.4%, and the Real Estate Select Sector SPDR Fund was adding 0.7%. Bitcoin was declining 3.3% to $107,481, and the yield for 10-year US Treasuries was rising 4 basis points to 4.09%. In corporate news, M...
Goldman Sachs CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. The U.S. national debt recently hit $38 trillion. "We should be concerned about this, not sounding an alarm bell," he said. "The pandemic played an accelerating role, and it doesn't seem like we have the ability to pull it back.
The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage point on Wednesday. "A further reduction in the policy rate at the December meeting is not a foregone conclusion. Four experts interviewed by Reuters said they see interest rates continuing to drop in the next six to 12 months.
* Fed rate cut impacts bonds, savings, and credit cards. * Experts predict further rate cuts in next 6-12 months. * Mortgage rates drop, expected to fall below 6% in a year. By Lauren Young. The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage point on Wednesday. "A further reduction in the policy rate at the December meeting is not a foregone conclusion.
European stock markets closed mixed in Thursday trading as the FTSE 100 in London was up 0.04%, Germany's DAX increased 0.06%, while France's CAC 40 lost 0.53%, The Stoxx Europe 600 fell 0.13% and the Swiss Market Index slid 0.04%. The European Central Bank maintained its three key interest rates as inflation in the euro area continues to be near its 2% medium-term target rate, with the outlook...
ING Group 2025 SREP process completed ING Group has been notified by the European Central Bank decision on the 2025 Supervisory Review and Evaluation Process, based on which it has taken a decision on ING?s prudential requirements, including capital requirements for 2026.
Chicago Public Schools went to market this week with nearly $1.1 billion of refunding bonds in the largest municipal transaction the district ever completed.
U.S. mortgage rates dropped to a one-year low this week, but scope for further declines is limited as Treasury yields have risen after Federal Reserve Chair Jerome Powell tempered expectations for another interest rate cut in December.
The company delivered $126 billion in global direct and indirect impact in fiscal year 2025 FedEx Corp. (FDX) today released its annual Global Economic Impact Report, highlighting the company?s worldwide network and role in fueling innovation during its 2025 fiscal year.1 Produced in consultation with Dun & Bradstreet, a leading provider of business decisioning data and analytics, the study demonstra...
The Bank of Canada cut the Overnight rate by 25bps to 2.25% on Wednesday, a development that was widely anticipated, said David Doyle, head of economics at Macquarie Group. Forward guidance was neutral and suggested that the Overnight rate is now "at about the right level to keep inflation close to 2%."
The Bank of Canada lowered its policy rate on Wednesday by 25bps to 2.25%, against UBS's expectation of keeping it steady at 2.50% but in line with market consensus.
Bitcoin is trading below $108,000 after the Federal Reserve's 25-basis-point rate cut failed to lift markets, with charts pointing to deeper losses. The Federal Reserve reduced interest rates by 25 basis points to a range of 3.75%?4.00%, marking its first cut in months. The move, widely expected, reflected policymakers attempt to balance slowing inflation with emerging economic weakness.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.17%. ?Mortgage rates decreased for the fourth consecutive week. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
* Fed's Powell says December rate cut not guaranteed. * US Treasury yields rise amid lower rate-cut odds. * Government shutdown's effect on data may affect policy. By Tatiana Bautzer.
The U.S. Federal Reserve has moved back into line with other major rate setters after it cut rates by a quarter point on Wednesday but pushed back against market bets that it would keep going as the Washington shutdown fogs up its forecasting lens. The Bank of Japan and European Central Bank left rates unchanged on Thursday.
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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