The U.S. dollar fell against major currencies including the euro and Swiss franc on Friday as investors sought to balance the Federal Reserve's hawkish tilt against lingering concerns over the U.S. economy. U.S. Treasury yields were slightly lower amid the extended government shutdown in Washington.
The number of Americans filing new applications for unemployment benefits increased marginally last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions in October despite a surge in announced layoffs.
* Weekly jobless claims estimated to have increased to 229,140. * Claims data shows no sign yet of surge in layoffs reported by businesses. * More people remaining on unemployment rolls as hiring slows. By Lucia Mutikani.
On Friday, 7 November 2025, in the run-up to the G20 in South Africa on 22-23 November, the Brave Movement will launch the ?3rd Richest Nation? campaign, its largest-ever push to tackle violence against children.
Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the U.S. central bank has been right to cut interest rates to help the job market.
By Taosha Wang. The copper-gold ratio recently touched a multi-decade low even as the world economy and stock markets continued to roll along. COPPER'S COMPLEX RIDE The dramatic drop in the copper-gold ratio might suggest that copper demand is severely depressed, but this isn't the case.
Targa Resources Corp. (TRGP) announced today the pricing of an underwritten public offering of $750 million aggregate principal amount of its 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 5.400% Senior Notes due 2036 at a price to the public of 99.938% and 99.920% of their face value, respectively.
AM Best has assigned indicative Long-Term Issue Credit Ratings of ?a-? to senior unsecured issues, ?bbb+? to subordinated issues, and ?bbb? to preferred stock to the recently filed shelf registration of Fairfax Financial Holdings Limited (FRFHF) [TSX:FFH]. The outlook assigned to these Credit Ratings is stable.
* Dollar slips for second straight session. * Bank of England holds rates in knife-edge vote. * Cost cutting, AI lead to surge in planned US layoffs in October. * Norges Bank held rates at 4%, citing inflationary pressure. By Saqib Iqbal Ahmed and Chibuike Oguh.
Cleveland Federal Reserve President Beth Hammack said on Thursday she does not think the U.S. central bank needs to raise interest rates to combat inflation pressures she considers too high, while acknowledging how that view might change.
Boyd Group Services (BGSI) after trade Thursday said it closed a private placement of C$525 million in senior unsecured notes due 2030. Proceeds, along with funds from its recent US$897-million equity offering, will be used to help finance the US$1.3-billion acquisition of Joe Hudson's Collision Center, the company added.
The Bank of Mexico cut its benchmark rate by 25 basis points on Thursday but struck a more cautious tone on the outlook for further easing, as the economy shows weakness but core inflation remains sticky.
Investors added $1.266 billion to municipal bond mutual funds in the week ended Wednesday, following?$744.3 million of inflows the prior week, according to LSEG Lipper data.
Announces Issuance of $30.0 million Convertible Senior Unsecured Notes due 2031? Announces Amendment to Existing Credit Agreement Westrock Coffee Company (WEST) today reported financial results for the third quarter ended September 30, 2025.
US equity indexes fell ahead of Thursday's close as the consumer discretionary and technology sectors fell after a slump in government bond yields, following a weak labor market report, revived the growth versus valuation debate.
Financial stocks were mixed in late Thursday afternoon trading with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund easing 0.4%. The Philadelphia Housing Index shed 0.5%, and the Real Estate Select Sector SPDR Fund lost 0.2%. Bitcoin fell 2.7% to $101,256, and the yield for 10-year US Treasuries dropped 6.6 basis points to 4.09%. In economic news, outplacement firm Ch...
* Sterling shuffles higher as BoE holds rates in tight call. * Wall Street stock indexes lower. * US dollar falls against major currencies. By Caroline Valetkevitch. Major stock indexes fell sharply on Thursday, with technology and consumer discretionary shares leading losses in the S&P 500, while the British pound firmed after the Bank of England opted against an interest rate cut. Shares of.
Program Assists Disabled Military Service Members, Veterans and Gold Star Families. A $25,000 grant from the Federal Home Loan Bank of Dallas and Woodforest National Bank? funded major home repairs for a U.S. Army veteran whose life was turned upside down by Hurricane Ida four years ago. This press release features multimedia.
Latin American currencies hit intraday highs on Thursday, with the Brazilian real advancing
after a hawkish pause by the central bank, while the Bank of Mexico delivered a quarter-point
rate cut.
Global Payments (GPN) is raising $6.2 billion through a four-part investment-grade bond offering to finance its purchase of the remaining 55% stake in Worldpay, Bloomberg reported Thursday, citing a person familiar with the matter.
* Signs of US labor market weakening push yields lower. * Government shutdown affecting economic outlook, data availability. * Supreme Court decision on tariffs may influence Treasury market. By Davide Barbuscia.
Cleveland Fed President Beth Hammack said that inflation remains high, arguing against a further rate cut and saying that monetary policy remains only "barely restrictive."
* Indexes down: Dow 0.58%, S&P 500 0.76%, Nasdaq 1.37% * AI-related stocks show market's tech reliance, SOX index down 1.6% * Challenger reports 183.1% surge in layoffs, worst October in two decades. * DoorDash (DASH) slides after quarterly revenue miss. By Stephen Culp.
* Loonie trades in a range of 1.4091 to 1.4140. * Price of US oil decreases 0.4% * Ivey PMI falls to 52.4 in October. * Bond yields decline across the curve. By Fergal Smith. The Canadian dollar was on the cusp of ending a five-day losing streak on Thursday as signs of weakness in the U.S. labor market led to broad-based declines for the greenback.
Shares of Rocket Lab Corp (RKLB) are trading lower Thursday afternoon, moving in line with a broader market sell-off. What To Know: Major indexes are down after Federal Reserve official Austan Goolsbee expressed uncertainty about future rate cuts. The macro-driven pullback comes despite positive company-specific news.
The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, bringing the rate to 7.25%. 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 7.50% level.
Gold edged higher midafternoon on Thursday as the dollar fell off a six-month high and treasury yields retreated. Gold for December delivery was last seen up US$3.00 to US$3,995.90 per ounce.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the Financial Select Sector SPDR Fund down 0.6%. The Philadelphia Housing Index was shedding 0.7%, and the Real Estate Select Sector SPDR Fund was decreasing 0.2%. Bitcoin was declining 2.4% to $101,421, and the yield for 10-year US Treasuries was dropping 7.4 basis points to 4.08%. In ...
Brazil's trade surplus jumped 70.2% in October from the same month last year, official data showed on Thursday, beating economists' estimates. Latin America's largest economy posted a $7 billion trade surplus for October, above the $6.2 billion expected by economists polled by Reuters.
US equity indexes fell midday Thursday, led by the consumer discretionary and technology sectors, after a labor market report showed the highest number of recorded layoffs in October in more than two decades, sending government bond yields tumbling.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the Financial Select Sector SPDR Fund down 0.6%. The Philadelphia Housing Index was shedding 0.7%, and the Real Estate Select Sector SPDR Fund was decreasing 0.2%. Bitcoin was declining 2.4% to $101,421, and the yield for 10-year US Treasuries was dropping 7.4 basis points to 4.08%. In ...
Bridging the Dream Scholarship Program Provides $10,000 in Scholarships to 40 High School and 10 Graduate Students Nationwide In celebration of National Scholarship Month, Sallie Mae today announced the newest recipients of its Bridging the Dream Scholarship Program.
-Federal Reserve Governor Stephen Miran says he expects the U.S. central bank to cut interest rates in December, despite the number of non-voting policymakers who may not want to. "I expect us to cut in December unless there's some sort of surprise," Miran told the Monetary Matters podcast.
Federal Reserve Bank of Cleveland President Beth Hammack said Thursday she's concerned monetary policy may not be in the right place to deal with current inflation.
-Crypto giant Ripple supports the idea of a "skinny" Federal Reserve payments account for non-banks, which could still be a game changer while addressing banks' concerns over financial stability and competition risks, a top company executive said.
* Ripple is seeking Fed master account for stablecoin reserves. * Crypto company said 'skinny' account idea is attractive. * Wall Street banks fear fintech access could destabilize system. By Hannah Lang.
-U.S. retailers are bracing for a subdued holiday shopping season this year as the economic fallout from President Donald Trump's erratic trade policies leaves?shoppers more cautious about buying extravagant gifts.
-The independence of the Federal Reserve is "incredibly important" not just for the U.S. economy but also for the global economy because it is what allows the U.S. central bank to control inflation without regard to short-term political consequences, New York Fed President John Williams said on Thursday.
Statistics Canada released the provincial gross domestic product numbers for 2024 that suggest investors will see some "chunky" upward revisions to growth -- on the order of half a percentage point per year from 2022 to 2024 -- when the national figures are published later this month, said Bank of Montreal.
The European stock markets closed lower in Thursday trading as the Stoxx Europe fell 0.72%, Germany's DAX lost 1.27%, the FTSE 100 dropped 0.42%, France's CAC declined 1.36%, and the Swiss Market Index was down 0.52%. The eurozone construction sector activity continued to decline in October as the HCOB Eurozone Construction PMI Total Activity Index fell to 44.0 in October from 46.0 in September.
* Sterling shuffles higher as BoE holds rates in tight call. * Wall Street stock indexes lower. * US dollar falls against major currencies. By Caroline Valetkevitch and Marc Jones. Major stock indexes fell sharply on Thursday, with technology and consumer discretionary shares leading losses in the S&P 500, while the British pound firmed after the Bank of England opted against an interest rate cut.
* FTSE 100 down 0.4%, FTSE 250 falls 0.5% * Bank of England holds rates in knife-edge vote. * AstraZeneca's (AZN) gains on strong Q3 profit. * Sainsbury's (JSNSF) rises after lifting FY profit outlook.
* Revelio Labs data shows job losses in October, including in the government sector. * AI and cost-cutting drive surge in planned layoffs, Challenger reports. * Chicago Fed estimates unemployment rate rose to 4.36% in October. By Lucia Mutikani.
The Czech central bank Thursday said its Board kept interest rates unchanged, with the two-week repo rate at 3.50%, the discount rate at 2.50% and the Lombard rate at 4.50%. This decision was expected by market analysts, noted ING.
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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