ADP's monthly measure of private payrolls showed a 42,000 increase in October, well above expectations compiled by Bloomberg as of 7:35 am ET for an increase of 30,000 and the first monthly increase since July. The October gain followed an upwardly-revised 29,000 jobs decrease in September.
Illinois' General Assembly passed a bill that provides both governance reforms sought by lawmakers and funding to avert a Chicago transit fiscal cliff.
The main US stock measures were tracking in the red in Wednesday's premarket activity as traders await a key employment report from Automatic Data Processing and a fresh round of corporate earnings. The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down less than 0.1% and the Nasdaq was off 0.4% before the opening bell.
In light of recent market developments,?Michael Eisenga, CEO of First American Properties, felt compelled to issue a statement on his observations and concerns regarding liquidity conditions, central-bank policy shifts, and the implications for the housing market and broader economy.
Tuesday saw a good slate of deals, including the acceleration of Ohio's $508.865 million of GOs and Austin's $419.035 million of electric utility system revenue refunding bonds.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.3% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index increased 0.3%, and the Real Estate Select Sector SPDR Fund climbed 0.2%. Bitcoin fell 6.1% to $100,019, and the yield for 10-year US Treasuries decreased 2 basis points to 4.09%. In corporate news, UBS is gainin...
Freddie Mac today announced it sold via auction 25 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio to Revolve Capital LLC. Given the delinquency status of the loans, the borrowers have likely been evaluated previously for loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure.
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index increased 0.4%, and the Real Estate Select Sector SPDR Fund climbed 0.3%. Bitcoin fell 6.1% to $100,019, and the yield for 10-year US Treasuries decreased 2 basis points to 4.09%. In corporate news, UBS is ga...
Muni experts discussed how macroeconomic concerns and a volatile political environment are affecting the market as the market chalks up another record year of issuance.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was down 0.2%. Bitcoin was falling 5.8% to $100,427.60, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.09%. In cor...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was down 0.2%. Bitcoin was falling 5.8% to $100,427.60, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.09%. In cor...
Municipal bond insurance volume grew 17.7% year-over-year in the first three quarters of 2025, according to LSEG, outpacing the municipal market as a whole.
Municipal water agencies are appealing to the Environmental Protection Agency about a slowdown in the Water Infrastructure Finance and Innovation Act loan program which along with bond sales, funds improvements to water and sewer infrastructure.
Canada updates job market conditions with the Labour Force Survey for October on Friday, said Scotiabank. It's one of two readings before the next Bank of Canada decision on Dec. 10th, which dampens some of its significance to markets.
Westlake said Tuesday it has launched an underwritten public offering of senior unsecured notes and a concurrent cash tender offer to purchase any and all of its outstanding 3.60% senior notes due 2026.
Morgan Stanley said that while it expects an on-hold decision at Poland's central bank on Wednesday, it sees a 45% subjective probability for a 25bps rate cut. Morgan Stanley forecasts Sween's Riksbank to remain on hold on Wednesday.
LevelField.io, a leader in reputation-protection services, has announced the release of its latest whitepaper titled "The Hidden Cost of False Claims: How Low-Quality Dropshippers Harm Legitimate Brands." This comprehensive report arrives just in time for the holiday season, a period notorious for a spike in online shopping and deceptive marketing practices.
Morgan Stanley said it expects Brazil's central bank to keep rates unchanged at 15.00% on Wednesday, in line with the message of the last statement and minutes. Similar to the previous statements, the BCB will continue to lean hawkish, in the bank's view, reinforcing the need for "caution" in assessing the lagged impacts from the hiking cycle.
The Reserve Bank of Australia left its Cash Rate unchanged at 3.6% overnight Monday, as expected, said Commerzbank. Until recently, most economists had expected a cut in November, wrote Commerzbank in a note to clients. Due to expiring subsidies, a rise in inflation was expected.
A new report from the Global Electronics Association, ?Powering the U.S. Economy: The Economic Reach of Electronics Manufacturing,? finds that U.S. electronics manufacturing remains a powerful engine of economic growth and resilience?supporting 5.2 million American jobs, contributing $853 billion to U.S. gross domestic product, and generating $1.8 trillion in total economic output.
The Canadian dollar has been one of the best-performing G10 currencies over the last couple of weeks alongside the US dollar, said MUFG. USD/CAD attempted and failed to break back below the 1.4000 level after the Bank of Canada signaled that it's likely to pause its rate cut cycle in the near-term, stated MUFG.
The slew of post-meeting European Central Bank speakers has added little to the policy narrative, said ING. The Governing Council is broadly on the same page with the rates view, and the feeling is that some substantial data surprises are now needed to create a new division among policymakers, wrote the bank in a note.
IMAX Corporation (IMAX) has priced $220 million of 0.75% convertible senior notes due 2030 in a private offering to qualified institutional buyers. The senior unsecured notes will bear interest at 0.75% annually, payable semi-annually beginning May 15, 2026, and will mature on November 15, 2030.
Auna (AUNA) said Tuesday it priced $365 million of 8.75% senior secured notes due Nov. 6, 2032, at 100%, which will be co-issued by the company and Oncosalud. This includes $328.5 million of notes in a private offering and $36.5 million of notes to be sold to International Finance in a concurrent private placement.
The Federal Reserve?s 25-basis-point cut last week was widely expected, but Chair Jerome Powell?s restrained tone dampened risk appetite after he hinted that December?s cut isn?t guaranteed.
In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."
"Normalized supply, a supportive rate environment and favorable technicals propelled the municipal market to the best October performance [in decades]," said Robert J. Lind.
Financial stocks were lower in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund declining 0.4%. The Philadelphia Housing Index dropped 1.6%, and the Real Estate Select Sector SPDR Fund shed 0.1%. Bitcoin fell 3.2% to $106,951, and the yield for 10-year US Treasuries was slightly higher at 4.11%. In economic news, the Institute for...
Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund adding 0.3% and the SPDR S&P Semiconductor ETF shedding 1.4%. The Philadelphia Semiconductor index rose 0.6%. In corporate news, Alphabet increased the size of its US dollar corporate bond sale to $17.5 billion from an initial estimate of $15 billion, Bloomberg reported.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund declining 0.4%. The Philadelphia Housing Index dropped 1.6%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin fell 3.2% to $106,951, and the yield for 10-year US Treasuries was slightly higher at 4.11%. In corporate news, Pine Labs, a digital p...
US Federal Reserve Chair Jerome Powell's recent remarks questioning the likelihood of another rate cut in December suggest that the central bank may have reached the end of its "easy" phase of policy easing, according to commentary from Simeon Hyman, global investment strategist at ProShares.
Fed Governor Lisa Cook said that the path of monetary policy is not predetermined and will continue to be based on incoming information when it is available, noting the risks of lowering interest rates too early or too late, and saying that the December FOMC meeting remains a live meeting after other officials have said that another rate cut at that meeting is not an certainty.
The path of monetary policy is not predetermined and will continue to be based on incoming information, Federal Reserve Governor Lisa Cook said Monday at Brookings. "Looking ahead, policy is not on a predetermined path," Cook said.
Financial stocks fell in Monday afternoon trading, with the NYSE Financial Index dropping 0.2% and the Financial Select Sector SPDR Fund losing 0.4%. The Philadelphia Housing Index declined 1.7%, and the Real Estate Select Sector SPDR Fund shed 0.6%. Bitcoin fell 2.9% to $107,366, and the yield for 10-year US Treasuries rose 1.1 basis points to 4.11%. In economic news, the Institute for Supply ...
Bitcoin wanted to upend the financial system; Tether quietly built one of its own. Tether's latest attestation report shows $181 billion in reserves backing its tokens, giving it immense influence over global liquidity.
Liquidity shifts from the Federal Reserve could determine whether Bitcoin reverses its downtrend or enters a 2019-style correction. What Happened: Prominent analyst Kevin pointed out that during quantitative easing or balance sheet expansion, Bitcoin dominance tends to top out, paving the way for altcoin outperformance.
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund off 0.4%. The Philadelphia Housing Index was falling 1.7%, and the Real Estate Select Sector SPDR Fund was shedding 0.6%. Bitcoin was declining 2.9% to $107,366, and the yield for 10-year US Treasuries was rising 1.1 basis points to 4.11%. In corporate ...
As climate and cybersecurity risks intensify, Jeff Lipton argues it's time for the legal community to lead a new era of municipal disclosure ? tightening language, clarifying exposures, and ensuring investor confidence.
Two surveys released Monday presented mixed trends in the US manufacturing sector for October, with Institute for Supply Management data showing continued contraction and an S&P Global (SPGI) report indicating growth for a third consecutive month. The ISM purchasing managers' index fell to 48.7 last month from 49.1 in September, marking an eighth straight month of contraction.
In October, the Canadian dollar weakened further against the US dollar in terms of. London closing rates from 1.3928 to 1.4012, said MUFG. The Bank of Canada, at its meeting last week, cut the key policy rate by 25bps to 2.25%, the ninth cut in this easing cycle that began in June 2024 with cumulative total easing now of 275bps.
European stock markets closed little changed in Monday trading as the Stoxx Europe edged 0.07% higher, Germany's DAX was up 0.73%, the FTSE in London was off 0.16%, France's CAC declined 0.14%, and the Swiss Market Index gained 0.01%. Eurozone Manufacturing PMI compiled by S&P Global, which gauges the health of the eurozone manufacturing sector, edged higher to 50.0 in October from 49.8 in Sept...
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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