-Boston Federal Reserve President Susan Collins, who voted for both of the Fed's policy-rate reductions this year, said on Wednesday she sees a "relatively high bar" for additional easing in the near term, citing worries about elevated inflation.
The yen wallowed near a record low versus the euro and a nine-month trough to the dollar on Thursday after Japan's new premier said she wants the central bank to go slow on interest rate hikes. The Aussie dollar hovered near its strongest level since the start of the month ahead of employment data due later in the day.
The yen wallowed near a record low versus the euro and a nine-month trough to the dollar on Thursday after Japan's new premier said she wants the central bank to go slow on interest rate hikes. The Aussie dollar hovered near its strongest level since the start of the month ahead of employment data due later in the day.
XPLR Infrastructure (XIFR) said late Wednesday that its subsidiary, XPLR Infrastructure Operating Partners, has priced a $750 million private offering of 7.75% senior unsecured notes due 2034. The notes, which pay interest semiannually, are expected to close on Nov. 21.
* European shares hit record highs, US indexes mixed. * House vote expected to end longest US shutdown. * US Treasury yields fall on bets for easier Fed policy. * Yen falls to nine-month lows vs dollar. By Sin?ad Carew and Dhara Ranasinghe.
Retail-related job postings, including hospitality, retail shops and food services, dropped 16% in October compared to last year, according to the Indeed Hiring Lab, a concerning sign for the spending outlook for the important holiday shopping season.
* October retail hiring below pre-pandemic levels, indicating low demand expectations. * National Retail Federation expects fewer seasonal hires compared to 2024. * Major retailers like Walmart (WMT) and Target (TGT) silent on seasonal hiring plans. By Arriana McLymore.
Digital Realty Trust (DLR) said late Wednesday it priced 1.4 billion euros in senior unsecured notes through its unit Digital Euro Finco, comprising 600 million euros of 3.75% notes due 2033 and 800 million euros of 4.25% notes due 2037. The notes, fully guaranteed by Digital Realty (DLR) and its operating partnership, were priced at 99.935% and 99.364% of face value, respectively.
Host Hotels & Resorts, Inc. (HST), the nation?s largest lodging real estate investment trust, today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has priced its offering of $400 million aggregate principal amount of 4.250% Senior Notes due 2028.
Webcast and Conference Call Scheduled for Monday, Dec. 8 at 5 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will host an investor forum on Monday, Dec. 8, 2025 at 5 p.m. ET. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast.
FORTIFIED Roofs for Affordable Rental Properties Meant to Withstand Severe Weather. The Federal Home Loan Bank of Dallas has announced $8.7 million in grants to public housing authorities for the installation of storm-resistant roofs on affordable rental properties. Grants of up to $1 million each are designed to bolster the resilience and safety of homes impacted by severe weather conditions.
XPLR Infrastructure LP (XIFR): * XPLR INFRASTRUCTURE, LP ANNOUNCES THE PRICING OF $750 MILLION OF 7.750% SENIOR UNSECURED NOTES DUE 2034 Source text: Further company coverage:
"Continuing yield stability ... suggests a comfortable market that, even with the shutdown apparently close to ending, may resist/lag potential price/yield changes in taxables," said Matt Fabian, president of Municipal Market Analytics.
-Boston Federal Reserve President Susan Collins, who voted for the Fed's policy-rate reduction last month, said on Wednesday she sees a "relatively high bar" for additional easing in the near term, citing worries about elevated inflation.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 1.4% to $101,603, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.07%. The government shutdo...
* European shares hit record highs, US indexes mixed. * House vote later could end longest US shutdown. * US Treasury yields fall on bets for easier Fed policy. * Yen falls to nine-month lows vs dollar. By Sin?ad Carew and Dhara Ranasinghe.
The official responsible for implementing monetary policy at the Federal Reserve Bank of New York said on Wednesday that firms that need to use the central bank's Standing Repo Facility should tap the tool when needed, adding that large-scale usage would not be problematic.
The Federal Reserve should keep its monetary policy steady until there's "clear evidence" that inflation is approaching the central bank's 2% goal, Atlanta Fed President Raphael Bostic said Wednesday.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 1.4% to $101,603, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.07%. In corporate news, Ma...
* Yen drops amid concerns over Japanese rate policy. * US government shutdown affects economic data releases. * Fed divided on rate cuts amid inflation concerns. By Karen Brettell. The U.S. dollar dipped against the euro on Wednesday as traders evaluated what a flood of economic releases will mean for Federal Reserve interest rate policy once the government reopens.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the key life/health subsidiaries of Globe Life Inc. (GL) [NYSE: GL]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb+? of Globe Life.
* Until Trump, no president had tried to fire a Fed official. * Legal battle tests Fed's longstanding independence. By Andrew Chung. The U.S. Supreme Court announced on Wednesday that it will hear arguments on January 21 in President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that challenges the central bank's independence.
White House economic adviser Kevin Hassett said on Wednesday that he would be able to get to work quickly as Federal Reserve chair due to his experience at the U.S. central bank, but would stay in his current job if President Donald Trump chooses another candidate.
White House economic adviser Kevin Hassett said on Wednesday that he would be able to get to work quickly as Federal Reserve chair due to his experience at the U.S. central bank, but would stay in his current job if President Donald Trump chooses another candidate.
The U.S. Labor Department's statistical agency should prioritize the production of November employment and inflation reports when the government reopens to ensure Federal Reserve officials have up-to-date information at their December policy meeting, economists said.
Atlanta Fed President Raphael Bostic said that he will retire when his current term ends on Feb. 28. In comments later in the day, Bostic said the current stance of monetary policy is "marginally restrictive" and does not require immediate action from the FOMC, but added that he would be open to changing his mind if incoming information suggests a need for a different path.
* September employment report could be released as early as next week. * Shutdown could cause gaps in October's economic reports. * Economists unsure how the government will address the data gaps. By Lucia Mutikani.
-The U.S. Supreme Court announced on Wednesday that it will hear arguments on January 21 in President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that challenges the central bank's independence.
Financial stocks rose in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.9%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 1.9% to $101,259, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%. In corporate news, Cit...
* Until Trump, no president had tried to fire a Fed official. * Legal battle tests Fed's longstanding independence. By Andrew Chung. The U.S. Supreme Court announced on Wednesday that it will hear arguments on January 21 in President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that challenges the central bank's independence.
Federal Reserve Governor Stephen Miran on Wednesday repeated his view that data showing inflation running above 2% is backward-looking and should not be taken at face value, and again described U.S. monetary policy as too tight mainly because he believes cooling housing inflation is easing price pressures.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 1.6% to $101,465, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%. In corporat...
Ahead of the Bank of Canada's rates decision on October 29, Governing Council decided to look through "choppy" annual inflation data and consider underlying indicators, minutes of the bank's meeting released on Wednesday showed. This approach would help provide signals about the trend of total inflation, they concluded.
The new hires in four major offices bring expertise and regional coverage to better serve the firm's clients, and Loops plans to expand further to build on its existing strengths.
The Texas city could revisit plans for a desalination project to boost its dwindling water supply with the city council scheduled to consider it next week.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Spheric Assurance Company, Ltd.. These Credit Ratings reflect Spheric?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk manag...
The current stance of monetary policy is "marginally restrictive" and does not require immediate action from the Federal Open Market Committee, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday in prepared remarks to Atlanta Economics Club.
European stock markets closed higher on Wednesday, adding to gains this week, with the Stoxx Europe 600 up 0.71%, Germany's DAX gaining 1.22%, the FTSE 100 increasing 0.12%, France's CAC rising 1.04%, and the Swiss Market Index adding 0.72%. In Germany, the country's statistics office said Wednesday that inflation eased in October to 2.3% from the 2.4% rate in September.
-Atlanta Federal Reserve President Raphael Bostic on Wednesday said he favors leaving interest rates where they are until there is "clear evidence" that inflation is moving back to the U.S. central bank's 2% target.
* European shares at record highs, US indexes mixed. * House vote later could end longest US shutdown. * US Treasury yields fall on bets for easier Fed policy. * Yen falls to nine-month lows vs dollar. By Sin?ad Carew and Dhara Ranasinghe.
Atlanta Federal Reserve President Raphael Bostic on Wednesday said he favors leaving interest rates where they are until there is "clear evidence" that inflation is moving back to the U.S. central bank's 2% target. "I view the signals from the labor market as ambiguous and difficult to interpret," Bostic said in remarks prepared for a speech to the Atlanta Economics Club.
The Toronto Stock Exchange is up 378 points and is trading at record-high levels, with most sectors higher. The best performers are miners, industrials and financials. Energy, and telecoms, are the sole decliners. The Bank of Canada will release the 'Summary of Deliberations' around its October 29 meeting and rates decision this afternoon.
Dubai Chambers today announced the opening of its first representative office in the United States, located in New York City. The announcement was made during today?s Dubai Business Forum ? USA, held in New York and organized by Dubai Chambers, with the U.S. Chamber of Commerce and the U.S.-U.A.E. Business Council as supporting partners.
-The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed payment services operational by the fourth quarter of next year, Fed Governor Christopher Waller said on Wednesday.
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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