The Federal Reserve governor argued that stablecoins' increasing demand for dollar-tied assets such as Treasuries will force monetary policy decisions.
US equity indexes fell this week as a deterioration in labor market data called into question big-tech valuations, prompting investors to book profits. * The S&P 500 closed at 6,728.81 on Friday versus 6,840.20 a week ago. * Challenger, Gray & Christmas reported Thursday firms planned to cut 153,074 jobs in October, the largest for the month since 2003, up from 55,597 a year ago.
The Standard & Poor's 500 index fell 1.6% this week, led by the technology sector, as consumer sentiment dropped to a three-year low. The S&P 500 ended Friday's session at 6,728.80. This marks its first weekly loss since the week ended Oct. 10. Economic readings have been sparse for the past month as the government shutdown has delayed multiple reports.
The muni market may see additional volatility due to "uncertainties related to the future of tariffs and stronger inflation prints," said Barclays (BCS) strategists led by Mikhail Foux.
Financial stocks were higher in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.4%. The Philadelphia Housing Index was up 0.1%, and the Real Estate Select Sector SPDR Fund increased 0.9%. Bitcoin climbed 1.8% to $103,146, and the yield for 10-year US Treasuries was slightly lower at 4.09%. In economic news, the University of M...
Unemployment rate expectations continued to worsen in the US last month, a survey by the Federal Reserve Bank of New York showed Friday. The mean probability that the jobless rate will rise in the next 12 months rose by 1.4 percentage points to 42.5% in October, marking its third consecutive monthly increase, according to the Fed branch's latest Survey of Consumer Expectations.
Financial stocks were higher in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.4%. The Philadelphia Housing Index was up 0.1%, and the Real Estate Select Sector SPDR Fund increased 0.9%. Bitcoin climbed 1.8% to $103,146, and the yield for 10-year US Treasuries was slightly lower at 4.09%. In corporate news, Huntington Bancsha...
Fed Vice Chair Philip Jefferson said that the FOMC should move cautiously as it lower the federal funds rate closer to neutral, focusing on incoming information to determine the pace meeting-by-meeting, and suggested that the current policy rate is "still somewhat restrictive."
US benchmark equity indexes were lower intraday amid continued weakness in technology shares, while a survey showed that consumer sentiment fell to the lowest level since 2022. The Nasdaq Composite was down 1.4% at 22,722.3 after midday Friday, while the S&P 500 fell 0.8% to 6,663.1. The Dow Jones Industrial Average lost 0.5% to 46,688.
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund adding 0.1%. The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund rose 0.4%. Bitcoin was increasing 0.8% to $102,581, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.08%. The University ...
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund adding 0.1%. The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund rose 0.4%. Bitcoin was increasing 1.1% to $102,713, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.07%. In corporate news...
The industry for years has lobbied Congress and the Treasury Department to make the changes, but the issue has taken on more urgency amid a data center boom that promises to transform the U.S. energy landscape
US consumer sentiment fell to the weakest level in more than three years amid concerns about the government shutdown's impact on the economy, preliminary results from a University of Michigan survey showed Friday. The main sentiment index dropped for a fourth consecutive month, to 50.3 in November from 53.6 in October.
Michael S. Eisenga, Chief Executive Officer of?First American Properties, today issued a statement in response to the latest University of Michigan Consumer Sentiment Index and layoff data from Challenger, Grey & Christmas, which together point to a clear slowdown in economic activity and rising financial pressure across American households.
Canadian National Railway (CNI) on Friday said it is raising US$700 million in a public debt offering. The company said the offering is made up of US$300 million of 4.200% Notes due 2031 and US$400 million of 4.750% Notes due 2035.
Federal Reserve Vice Chair Philip Jefferson said that as interest rates have moved toward a more neutral level, "it makes sense" now to proceed with caution.
Several fast-casual chains recently cited poor sales to younger adult consumers, a key cohort for the industry, in an apparent confirmation of the labor market concerns the Federal Reserve has cited as it started cutting interest rates.
Consumer expectations for one-year US inflation growth slowed to a 3.2% gain in October from a 3.4% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Friday. The median inflation expectations remained at a 3.0% gain for the three-year period for the sixth straight month and remained at a 3.0% gain for five years ahead.
The average American is growing more pessimistic about the economy, as a key sentiment index fell to its lowest level since June 2022, marking one of the bleakest readings since the survey?s inception in 1952.
The University of Michigan's preliminary consumer sentiment index fell to 50.3 in November from 53.6 in October, below expectations for a smaller decrease to 53.0 in a survey compiled by Bloomberg as of 7:30 am ET.
Canada's labour market surprised to the upside in October, creating 67,000 jobs and offering "finally some good news on the Canadian economy," Desjardins economist Royce Mendes said, though he added the strength likely keeps the Bank of Canada on hold next month rather than cutting again.
Overall, said Andrew Grantham over at CIBC, Friday's jobs data is supportive of the Bank of Canada's thinking that interest rates are now low enough to stimulate the economy, and CIBC continues to forecast no more rate cuts from here.
Employment increased by 67,000 in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%, Statistics Canada said Friday. BMO Economics, for example, was looking for a 10k increase in October, building on September's 60k rise that clawed back some of the 106k net losses in the prior two months. MT Newswires does not provide investment advice.
The California Debt and Investment Advisory Commission explored public finance solutions to child sexual abuse claims this week at an event in San Diego.
Deputy Governor Rhys Mendes recently admitted the Bank of Canada may have misled markets by overemphasizing CPI-median and CPI-trim as "preferred" core inflation measures, said National Bank of Canada. The BoC has shown a lack of consistency in its use of core indicators over the past five years, noted the bank.
Canada updates job market conditions with the Labour Force Survey for October at 8:30 a.m. ET on Friday, said Scotiabank. Friday's figures are one of two sets of readings before the next Bank of Canada decision on Dec. 10, which dampens some of its significance to markets, stated Scotiabank.
The US dollar was mixed against its major trading partners early Friday -- up versus the pound and yen, down versus the euro and Canadian dollar -- ahead of the release of the preliminary University of Michigan consumer sentiment reading for November at 10:00 am ET and the New York Federal Reserve inflation expectations survey for October at 11:00 pm ET.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: United States Treasuries soften in late New York session, continue to trend lower in Asia. Fed: New York Federal Reserve President John Williams thinks the low r*-era is still here, but the natural rate is hard to pin down.
Essent Group Ltd. (ESNT) today reported net income for the quarter ended September 30, 2025 of $164.2 million or $1.67 per diluted share, compared to $176.2 million or $1.65 per diluted share for the quarter ended September 30, 2024. Essent (ESNT) also announced today that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share.
Bank of Montreal said it normally wouldn't make a big deal about the annual estimate of real gross domestic product growth by province in Canada, which was released on Thursday for 2024.
Voyager Technologies (VOYG) said Friday it priced a private offering of $435 million of 0.75% convertible senior unsecured notes due Nov. 15, 2030, upsized from a previously planned $300 million. Initial purchasers have a 13-day overallotment option to buy up to an additional $65 million of the notes.
Targa Resources (TRGP) said late Thursday it priced a public offering of $750 million of 4.35% senior notes due 2029 and $1 billion of 5.4% senior notes due 2036. The offerings were priced at 99.938% and 99.92% of the notes' face value, respectively.
Halozyme Therapeutics (HALO) said late Thursday it priced a private offering of $650 million of 0% convertible senior notes due 2031 and $650 million of 0.875% convertible senior notes due 2032. Initial purchasers have a 13-day overallotment option to purchase up to $100 million of additional notes of each series.
CN today announced a public debt offering of US$700 million comprised of US$300 million aggregate principal amount of 4.200% Notes due 2031 and US$400 million aggregate principal amount of 4.750% Notes due 2035.
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.
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.
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.
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...
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.
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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