* Cisco Systems (CSCO) gains after annual revenue forecast hike. * Disney (DIS) warns of long distribution dispute with YouTube TV. * Traders see December rate cut chance as coin flip. By Noel Randewich.
-Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's resilience, and said he was undecided on what to do for the Fed's meeting next month.
* BANK OF CANADA ANNOUNCES RESTART OF GOVERNMENT OF CANADA TREASURY BILL PURCHASES - STATEMENT. * BANK OF CANADA: BANK WILL RESUME PURCHASES OF TREASURY BILLS EFFECTIVE DECEMBER 16 Source text: https://www.bankofcanada.ca/2025/11/bank-canada-announces-restart-government-canada-treasury-bill-purchases/
Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's resilience, and said he was undecided on what to do for the Fed's meeting next month.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 1.3%. The Philadelphia Housing Index declined 1.6%, and the Real Estate Select Sector SPDR Fund lost 1.2%. Bitcoin fell 3.1% to $98,514, and the yield for 10-year US Treasuries climbed 4 basis points to 4.12%. In economic news, according to the Federal R...
* Wall Street stocks fall with bond prices as rate cut prospects fade. * US dollar slips while Treasury yields rise. * Crude settles modestly higher, gold pulls back from 3-week high. By Sin?ad Carew and Marc Jones.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index dropping 1.2% and the Financial Select Sector SPDR Fund shedding 1.4%. The Philadelphia Housing Index declined 1.6%, and the Real Estate Select Sector SPDR Fund lost 1.2%. Bitcoin fell 3.1% to $98,514, and the yield for 10-year US Treasuries climbed 4 basis points to 4.12%. In corporate news, Robinhood shares...
Bloom Energy Corp (BE) shares are trading lower Thursday afternoon, pausing after a volatile two-week stretch that saw the fuel-cell maker hit record highs and then price a convertible debt offering. The pullback comes as risk sentiment weakens on Wall Street following cautious comments from Federal Reserve officials and renewed worries about the economic outlook.
San Francisco Fed President Mary Daly said that she has an open mind regarding whether a further rate reduction at the FOMC's December meeting is needed, saying that it "premature" to say at this point what the right decision will be then. Recent comments of note: Atlanta Fed President Raphael Bostic said that he will retire when his current term is done on Feb. 28, 2026.
LONGWOOD, Fla. The Series 2025 Bonds are guaranteed by certain subsidiaries of Waste Pro pursuant to guaranty agreements and as described in the indentures and loan agreements relating to each of the Series 2025 Bonds. "The financial stewardship of our privately-owned, family-run company provides a stable foundation for sustained, long-term growth.
* Cisco Systems (CSCO) gains after annual revenue forecast hike. * Disney (DIS) warns of long distribution dispute with YouTube TV. * S&P 500 -1.62%, Nasdaq -2.48%, Dow -1.38% By Noel Randewich and Twesha Dikshit.
Alberto Musalem, who runs the St Louis Federal Reserve Bank, on Thursday reiterated his view that policy is now closer to neutral than to modestly restrictive, leaving limited room to ease further without becoming overly accommodative.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund shedding 0.8%. The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund lost 0.7%. Bitcoin fell 2.9% to $98,589, and the yield for 10-year US Treasuries climbed 4.3 basis points to 4.11%. In economic news, according to the Fed...
Multi-layered state oversight, strict fiscal safeguards and durable revenue pledges support New York City GO and TFA bonds even as investors brace for policy shifts under mayor-elect Zohran Mamdani.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund shedding 0.8%. The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund lost 0.7%. Bitcoin fell 2.4% to $99,204, and the yield for 10-year US Treasuries climbed 4.3 basis points to 4.11%. In corporate news, Carlyle is explorin...
Cleveland Federal Reserve President Beth Hammack said on Thursday monetary policy needs to remain in a position where it can help lower inflation pressures, suggesting she leans against the U.S. central bank cutting interest rates again in the near future.
By Elisa Martinuzzi, Balazs Koranyi, Stefania Spezzati, Mathieu Rosemain and Giuseppe Fonte. -European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Trump administration, five officials familiar with the matter said.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of AuguStar Life Insurance Company and its wholly owned subsidiary, AuguStar Life Assurance Corporation.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Hiscox Insurance Company Limited, Hiscox Insurance Company Limited, Hiscox Insurance Company Limited and Hiscox Insurance Company Inc.. At the same time, AM Best has affirmed the Long-Term ICR of ?bbb+? of Hiscox Ltd, the ultimate non-operating holding company of the Hiscox group of compan...
* FTSE 100 falls 1%, FTSE 250 down 0.6% * Aviva's financial targets disappoint investors. * 3i Group (TGOPF) cautious on new investments. * UK economy barely expands in Q3. London's FTSE 100 closed lower on Thursday after a three-day run of record highs, weighed down by financial shares as investors assessed disappointing third-quarter economic growth data.
After a downside surprise in September, Deutsche Bank said it thinks United Kingdom inflation will likely step down in October. The expected increase is due to larger rises in airfares and university fees, noted the bank. The bank sees the headline consumer price index at 3.68% year over year, with core CPI at 3.57% year over year.
Arch Mortgage Insurance Company announced it has obtained over $249 million of indemnity reinsurance on a pool representing approximately $54.2 billion of mortgages from Bellemeade Re 2025-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $199 million in bonds and $50 million in direct reinsurance.
The European stock markets closed lower in Thursday trading as the Stoxx Europe was off 0.59%, Germany's DAX was down 1.39%, the FTSE 100 fell 1.05%, France's CAC declined 0.11%, and the Swiss Market Index dropped 0.41%. In the UK, the estimated monthly gross domestic product declined 0.1% in September, after registering no growth in August, according to the Office for National Statistics.
Brazil's Finance Ministry on Thursday trimmed its 2025 economic growth forecast to 2.2% from 2.3%, citing weaker gross domestic product growth estimated in the third quarter that also affected its outlook for the final quarter. "Indicators suggest that activity continued to slow in the third quarter," the ministry said.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.24%. ?Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,? said Sam Khater, Freddie Mac?s Chief Economist.
White House economic adviser Kevin Hassett said on Thursday the government would release the closely watched employment report for October, but without the jobless rate after a weeks-long federal government shutdown. "The household survey wasn't conducted in October, so we're going to get half the employment report.
* Fed policymakers divided on rate cuts amid inflation concerns. * US government reopens after record 43-day shutdown. * Focus on 30-year bond auction. By Gertrude Chavez-Dreyfuss.
Illinois lawmakers sent Gov. JB Pritzker a bill to facilitate the use of STAR bonds for economic development, which has happened only once in 15 years.
Credit rating agency Fitch Ratings has downgraded British automaker Aston Martin's debt ratings, citing the luxury sports car maker's persistent negative cash flow and uncertainty around its U.S. customer base. In a Thursday report, Fitch analysts noted Aston Martin's sales fell 17% year over year as of September's end, while their decline has accelerated quarter over quarter.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb+? and the Vietnam National Scale Rating of aaa.VN of Fubon Insurance Vietnam Co., Ltd.. The outlook of these Credit Ratings is stable.
LOS ANGELES, Nov. 13, 2025 The?CALIFORNIA ASSOCIATION OF REALTORS??today issued the following statement in response to the Federal Housing Finance Agency's proposal to allow homebuyers to assume Fannie Mae and Freddie Mac backed fixed-rate mortgages: "The CALIFORNIA ASSOCIATION OF REALTORS? supports allowing Fannie Mae and Freddie Mac to permit the assumption of fixed-rate mortgages by qualifi...
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Kansas Medical Mutual Insurance Company and its subsidiary, KAMMCO Casualty Company, Inc. These companies are collectively referred to as Kansas Medical Mutual Group or the group.
Gartner (IT) said Thursday it has commenced a registered public offering of senior unsecured notes under a shelf registration statement. The company said it plans to use net proceeds to repay borrowings under its existing revolving credit facility, cover related fees and expenses, and for general corporate purposes. Gartner (IT) said the offering's completion is subject to market and other conditions.
Credit rating agency Moody's Ratings has downgraded several of global footwear and apparel retailer Nike's (NKE) debt ratings. In downgrading Nike's (NKE) senior unsecured debt by one notch on Wednesday, Moody's analysts cited cost pressures from higher tariffs among other factors in the agency's decision.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Everen Specialty Ltd. and its affiliate, OCIL Specialty Ltd. Concurrently, AM Best has downgraded the Long-Term Issue Credit Rating to ?bbb-? from ?bbb? on the $200 million, 8.00% deferrable subordinated debentures, due 2034, of Everen Specialty.
ABN Amro said it assumes that stepped-up targeted stimulus in China will be mainly about containing the downturn. Particularly against the background of the ongoing United States-China power play, it's unlikely that Beijing would tolerate a sharp deceleration in annual gross domestic product growth next year, noted the bank.
AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to ?aa-? from ?a+? of Physicians Mutual Insurance Company and Physicians Life Insurance Company.
-Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy's health. The U.S. government reopened after a record 43-day shutdown that had worried investors and disrupted the flow of economic data.
White House economic adviser Kevin Hassett said on Thursday the government would release the closely watched employment report for October, but without the jobless rate after a weeks-long federal government shutdown. "The household survey wasn't conducted in October, so we're going to get half the employment report.
* Silver nears all-time peak hit on October 17. * Trump signs deal to end US government shutdown. * 80% economists expect rate cut in December, Reuters poll shows. By Anmol Choubey and Pablo Sinha.
Risks to the Federal Reserve's two goals of price stability and full employment are balanced now that the Fed has cut interest rates twice so far this year, San Francisco Fed President Mary Daly said on Thursday, leaving her open minded about the upcoming December rate-setting decision.
* Daly says balanced risks mean Fed needs more data before decision. * Fed's direction for policy rate remains downward, open minded on December: Daly. * Notes recent services inflation acceleration, says recent rate cuts support labor market. By Padraic Halpin.
The Monetary Authority of Singapore sees a wholesale CBDC as an anchor for a system in which private settlement assets are used for different market needs.
The Australian labor market report for October, published overnight Wednesday, contained some positive surprises, said Commerzbank. Job creation was more than twice what was expected, with over 40,000 new jobs being created, which contributed to a stronger-than-expected decline in the unemployment rate, wrote the bank in a note to clients.
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.
Log In Required
Publication Date