The Toronto Stock Exchange rose for a second-straight day Friday as CIBC's Avery Shenfeld guessed the Bank of Canada may move next week to sound "a bit less definitive about whether they are done or not" with rate cuts, while he also played down fears around rising federal deficits provided the government sees a "credible path" to lowering them ahead.
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Golden Tree Reinsurance Limited.
Next week's issuance is slated to be "substantial" ? an estimated $13.1 billion ? although that is expected to be met with "solid" November reinvestment capital, J.P. Morgan strategists said.
TeraWulf Inc. (WULF), a leading owner and operator of vertically integrated, low-carbon digital infrastructure, today completed its previously announced offering of 0.00% Convertible Senior Notes due 2032 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
Financial stocks were mixed in late Friday afternoon trading with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund gained 0.3%. Bitcoin rose 0.8% to $109,178, and the yield for 10-year US Treasuries was little changed at 4.09%. In regulatory news, the Federal Reserve pl...
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a? and the Mexico National Scale Rating of ?aaa.MX? of Reaseguradora Patria, S.A.. AM Best also has affirmed the Long-Term ICR of ?bbb? of Patria Re?s ultimate parent, Pe?a Verde, S.A.B.. The outlook of these Credit Ratings is stable.
Dallas Fed President Lorie Logan said Friday that she would have preferred to hold interest rates steady this week amid price pressures, taking the same policy view as that of her Kansas City counterpart. Logan is an alternate member of the Federal Open Market Committee this year, which means she gets to vote at a meeting if a scheduled voter is not available.
Financial stocks were mixed in late Friday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin rose 0.8% to $109,178, and the yield for 10-year US Treasuries was little changed at 4.09%. In corporate news, Coinbase shares climbed ...
"Sometimes," wrote CIBC's Avery Shenfeld, in his regular 'The Week Ahead' column, "there's nothing more the doctor can do for you", in noting that was "essentially the message" from the Bank of Canada this past week, when it "delivered a much needed dose of interest rate relief, but suggested that its medicine chest might be bare in terms of any additional monetary easing unless the upcoming ne...
S&P: * S&P: BOEING CO. OUTLOOK REVISED TO STABLE FROM NEGATIVE ON INCREASING PRODUCTION; 'BBB-' RATINGS AFFIRMED. * S&P ON BOEING: STABLE OUTLOOK REFLECTS OUR VIEW THAT CREDIT MEASURES WILL APPROACH OUR EXPECTATIONS FOR THE RATING NEXT YEAR. * S&P ON BOEING: BOEING FACES SEVERAL NEAR-TERM CHALLENGES BEYOND THE 777X DELAY THAT WE VIEW AS RELATIVELY MANAGEABLE.
Over at CIBC, Avery Shenfeld is expecting to see an employment report next Friday that's "roughly in line with the tame six month pace", but also potentially just enough to keep the jobless rate at an elevated 7.1% pace.
Dallas Fed President Lorie Logan said that she would have preferred to have maintained the target range for the federal funds rate at the October Federal Open Market Committee meeting, saying that was no need for another preemptive rate cut after the September reduction and adding that there may not be a need for a rate cut in December unless there is evidence that the labor market is cooling m...
* Canadian dollar falls 0.2% against the greenback. * Posts a decline of 0.7% in October. * GDP declines 0.3% in August. * 10-year yield was little changed at 3.130% By Fergal Smith. The Canadian dollar weakened against its U.S. counterpart on Friday, adding to its monthly decline, as domestic data showed a surprise economic contraction in August.
Ratings agency Moody's Ratings on Friday put global auto parts supplier Tenneco's credit ratings on negative outlook, while affirming its current credit standing. Tenneco's leverage has remained relatively high, while its revenue margins have stayed tight in recent quarters, Moody's analysts wrote on Friday.
The 10th Circuit Court of Appeals ruled against Custodia nine months after hearing arguments in the company's effort to secure a Federal Reserve master account.
US benchmark equity indexes were mixed intraday as Amazon.com (AMZN) shares surged following its third-quarter results, while investors parsed comments by two Federal Reserve officials.
The Federal Reserve loaned a record level of cash from its Standing Repo Facility Friday as short-term funding markets navigated month end pressures. In the second of two operations, the Standing Repo Facility lent $30 billion to eligible financial firms, after lending $20.35 billion in an SRF operation earlier in the day.
Financial stocks fell in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each dropping 0.3%. The Philadelphia Housing Index declined 0.6%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin rose 0.6% to $108,975, and the yield for 10-year US Treasuries was little changed at 4.09%. In regulatory news, the Federal Reserve plans to shrin...
Financial stocks fell in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each dropping 0.3%. The Philadelphia Housing Index declined 0.6%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin rose 0.6% to $108,975, and the yield for 10-year US Treasuries was little changed at 4.09%. In corporate news, Bancorp shares fell 15% after the c...
* Gold set for third monthly gain. * Investors trim December rate cut bets from above 90% to 63% * Trump reduces tariffs on China to 47% from 57% By Noel John. Gold prices fell by 1% on Friday, weighed by uncertainty around another U.S. Federal Reserve interest rate cut this year, but the metal remained poised for a third straight monthly gain.
Bloom Energy Corporation (BE) traded lower on Friday after unveiling a large private offering of zero-coupon convertible notes due 2030. The fuel cell maker priced $2.2 billion in total principal, up from $1.75 billion. Bloom Energy (BE) is issuing senior, unsecured notes maturing on November 15, 2030.
Issuance year-to-date is $493.063 billion, up 9.3% from $451.079 billion over the same period. With issuance estimated at $13.118 billion in the first week of November, 2024's $500-plus billion record should fall within the next week or two.
Desjardins on Friday commented on an unexpected drop in Canada August Gross Domestic Product. " The Canadian economy continued to sputter in August and September. MT Newswires does not provide investment advice.
Kansas City Fed President Jeffrey Schmid said Friday in a statement explaining his dissenting vote at this week's Federal Open Market Committee meeting that with the labor market in balance and inflation elevated, he would have preferred no change in the target range for the federal funds rate.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Quest Insurance Group Limited. The ratings reflect Quest?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The school system, which has an AA underlying bond rating from S&P, was targeted by the Texas Education Agency for a takeover based on academic performance.
The latest drop in U.S. mortgage rates to 6.17% signals broader optimism across American lending markets. How Mortgage Rates Affect Personal Loans Mortgage rates, connected to Treasury yields and Federal Reserve policy, just hit a new low at 6.17%. This movement, often prompted by anticipated cooling inflation, puts downward pressure on other borrowing costs.
* BOJ maintains rates, disappoints traders hoping for hawkish stance. * Fed dampens expectations for December rate cut, dollar gains. * Euro and sterling fall as ECB and BOE maintain rates. By Karen Brettell.
As more states move towards resetting their Congressional districts questions arise over how redistricting will affect the balance of power and eventually tax policy.
AM Best has affirmed the Long-Term Issue Credit Ratings of ?aaa? on the $74,646,000 Class A-1 8.00% Fixed Rate Asset Backed Notes, Series 2008-3 and the $9,389,000 Class A-2 8.00% Fixed Rate Asset Backed Notes, Series 2008-3 as well as the Long-Term IR of ?a? on the $4,695,000 Class B 10.00% Fixed Rate Asset Backed Notes, Series 2008-3, issued by 321 Henderson Receivables V LLC, a special purpo...
* Gold set for third monthly gain. * Investors trim December rate cut bets from above 90% to 65% * Trump reduces tariffs on China to 47% from 57% By Noel John and Pablo Sinha. Gold prices held steady above $4,000 an ounce on Friday as traders weighed uncertainty around another interest rate cut by the U.S. Federal Reserve this year, but the metal remained poised for a third straight monthly gain.
The Federal Open Market Committee should have maintained the target range for the federal funds this rate rather than voting to lower it given the current outlook and may not need to lower rates further in December, Dallas Federal Reserve Bank President Lorie Logan said Friday at a banking conference sponsored by the Dallas Fed. Logan is not currently a voter on the FOMC but will vote in 2026.
The Federal Reserve plans to shrink its banking supervision division by about 30% by the end of next year, reducing staff to around 350 from 500, The Wall Street Journal reported Friday, citing an internal memo. The report said the move, announced by Vice Chair Michelle Bowman, reflects her plan to streamline the division by reducing management layers and restructuring operations.
Brazil's unemployment rate remained at a record low of 5.6% in the three months through September, data from agency IBGE showed on Friday, broadly in line with expectations. The labor market in Latin America's largest economy is showing resilience despite high interest rates.
Franklin Templeton upped the ante in its ETF expansion with five new municipal bond funds each offering a different flavor of tax-free income for investors navigating an uncertain rate environment.
-The U.S. central bank should not have cut interest rates this week and should not do so again in December, Dallas Federal Reserve President Lorie Logan said on Friday, citing a 'balanced' labor market in no immediate need of support and inflation that looks likely to stay above policymakers' 2% goal for too long.
The Federal Reserve's decision on Wednesday to begin winding down its long-running balance sheet runoff has done little to ease concerns about near-term liquidity strains in the roughly $4 trillion U.S. overnight repurchase market.
D?YAVOL Spirits has officially made its entry into the United Kingdom with its Single Estate Vodka, marking a major milestone in the brand?s global growth. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of KB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect KBI?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
CHICAGO, Oct. 31, 2025 Ziegler is pleased to announce the successful closing of Brio Living Services' $113,500,000 Series 2025 Bank Direct Placement Draw Down Bonds. Brio Living Services is a Michigan-based 501 not-for-profit senior living and aging services organization.
Real gross domestic product contracted 0.3% in August, offsetting most of July's 0.3% expansion, with decreases in goods-producing and services-producing industries, Statistics Canada said Friday.
* FTSE 100, FTSE 250 down 0.3% each. * Miner Fresnillo to acquire Canada's Probe Gold (PROBF). * Auto Trader slides on management change. * UK house prices rise in October, defying pre-budget nerves. By Avinash P. Oct 31 - British stocks edged lower on Friday, with the blue-chip FTSE 100 set to extend its fall in the previous session, as markets cooled after a record run earlier this month.
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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