U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
Streamlined solution delivers faster approvals, expanded eligibility and up to 200 basis points in savings for community projects The Federal Home Loan Bank of Chicago today announced the launch of its enhanced Community Advance product, backed by $10 million in interest rates subsidies for 2025 to help member institutions fund affordable housing, support small businesses, and expand access to ...
Canadian headline consumer price index inflation for October came in at 2.2% year over year, right in line with expectations for a 2.2% year-over-year print -- decelerating from September's 2.4%, said TD. Gasoline prices were the big drag on the headline, falling 9.4% compared with the 4.1% decline in September.
The Canadian dollar and government bond yields barely flinched when they saw the consumer price index data on Monday, said Scotiabank. Headline was on consensus and the core gauges are a mixed grab bag of readings that, on balance, came in quite "warm," noted the bank.
European stock markets closed lower in Monday trading as the Stoxx Europe 600 dropped 0.54%, Germany's DAX fell 1.20%, the FTSE 100 was off 0.24%, France's CAC lost 0.63%, and the Swiss Market Index declined 0.29%. The European Commission's Economic Sentiment Indicator rose 1 point to 96.7 in the European Union, and 1.2 points to 96.8 in the euro area in October, compared with September, accord...
* Bund yields hold at levels last seen at start of US shutdown. * US data in focus, but it will take time to assess economy. * Markets consolidate higher-for-longer view on ECB rates. * Euro area spread tightening may be over, says FTI strategist. By Stefano Rebaudo.
* US jobs, Nvidia (NVDA) earnings headline week ahead. * European shares slip, US futures steady. * Treasury yields dip amid Fed rate cut speculation. By Stephen Culp. U.S. stocks weakened and benchmark Treasury yields inched lower as investors embarked on a week of accelerated economic data releases in the aftermath of the longest government shutdown in United States history.
U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on single-family homebuilding. The Commerce Department's Census Bureau said on Monday that construction spending increased 0.2% after an upwardly revised 0.2% gain in July. Spending decreased 1.6% on a year-over-year basis in August.
AlphaTON Capital (ATON), a specialized digital asset treasury company accelerating the growth of The Open Network ecosystem, today announced the selection of P2P.org as its first institutional staking partner to support the Company's TON treasury yield generation operations.
Canadian existing home sales increased 0.9% month-on-month in October, partially reversing September's 1.6% month-over-month decline, said TD. Increases in British Columbia, Alberta, and Quebec helped lift national sales. Canadian new listings declined 1.4% month over month in October.
Royal Bank of Canada (RY) extended its offer of complimentary access to DoorDash's (DASH) subscription service, DashPass, for eligible credit cardholders and Avion Rewards members. DashPass waives delivery fees and lowers service charges on qualifying orders. Price: 147.66, Change: +1.10, Percent Change: +0.75. MT Newswires does not provide investment advice.
U.S. oil and natural gas drilling activity has continued to decline even as production reaches record highs, the U.S. Energy Information Administration said on Monday.
US construction spending rose by 0.2% in August, compared with a 0.1% decrease expected in a survey compiled by Bloomberg as of 7:40 am ET and following an upwardly revised 0.2% increase in July.
Canadian consumer prices rose 0.2% month over month in October, or just 0.1% month over month in seasonally adjusted terms, cool enough to clip the headline inflation rate two ticks to 2.2% year over year, said Bank of Montreal.
Freddie Mac today announced next-generation automation technology to streamline and strengthen its Single-Family quality control process. ?Quality Control Advisor Plus will cut months off the current QC process for most lenders,? said Sonu Mittal, EVP and head of Single-Family Acquisitions at Freddie Mac.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $16 million offering from Wildwood, N.J., records a Flood Score of 4.8 out of 5.0, ICE reports.
Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to "proceed slowly" with any further interest rate cuts as it eases policy towards a level that would likely stop putting downward pressure on inflation.
Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to "proceed slowly" with any further interest rate cuts as it eases policy towards a level that would likely stop putting downward pressure on inflation.
Amazon (AMZN) is looking to raise about $12 billion from the U.S. corporate bond market, Bloomberg News reported on Monday, citing people familiar with the matter. The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a size, a regulatory filing showed. Amazon (AMZN) did not immediately respond to a Reuters request for comment.
Canadian headline inflation slowed to 2.2% year over year in October from 2.4% in September, said Desjarins after Monday's consumer price index data. Most of that slowdown was driven by energy prices, noted the bank.
Gold traded lower for a third-straight session amid dimming hopes for a December interest-rate cut from the Federal Reserve and a stronger dollar. The price of the precious metal has steadied around the US$4,000 mark since its Oct.20 record high of US$4,359.40, amid few incentives to push prices higher.
US equity futures were flat ahead of Monday's opening bell as traders looked ahead to the long-awaited release of September's jobs report and Nvidia (NVDA) earnings later in the week. Dow Jones Industrial Average futures were down 0.1%, S&P 500 futures were 0.06% lower, and Nasdaq futures were flat.
DTE Energy Co (DTE): * DTE ELECTRIC CO: FILES FOR OFFERING OF TWO-PART GENERAL AND REFUNDING MORTGAGE BONDS, SIZE NOT DISCLOSED - SEC FILING Source text: Further company coverage:
Canadian inflation eased in October, although only partly offsetting the pickup seen in the previous month, said CIBC after Monday's release on the consumer price index data. The 0.2% month-over-month increase in unadjusted prices -- 0.1% month over month after seasonal adjustment -- saw the year-over-year pace ease to 2.2%, from 2.4% in September.
Canada's consumer price index rose 2.2% on a year-over-year basis in October, down from a 2.4% increase in September, said the country's statistical agency on Monday. October's CPI was higher than the 2.1% year-over-year consensus figure provided by MUFG.
US equity futures were little changed pre-bell Monday as traders looked ahead to the long-awaited release of September's jobs report and Nvidia (NVDA) earnings later in the week. Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.2% higher.
Gabelli Funds, LLC, a global asset management firm with over 45 years of experience managing client assets, today announced the launch of the Gabelli High Income ETF (GBHI). ?With GBHI, we?re extending our proven credit research and value-based investing approach into an ETF format,? said Wayne Plewniak.
Canada updates the consumer price index for October at 8:30 a.m. ET on Monday, said Scotiabank. It's the last inflation report before the Bank of Canada's next decision on Dec. 10, but the BoC has made it clear that it's sidelined at least for the next several meetings, noted Scotiabank. The bank estimated headline CPI at 0.2% month-over-month non-seasonally adjusted and 2.1% year over year.
Brazil's economic activity fell 0.2% in September from the previous month, central bank data showed on Monday, more than the 0.1% contraction expected in a Reuters poll.
Canada will release the consumer price index for October at 8:30 a.m. on Monday, said Bank of Montreal. Consumer prices likely rose modestly in October, with a sharp 5% drop in gasoline prices weighing heavily. BMO will watch clothing prices, which fell in September, marking the first time they dropped in that month since 1998.
The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors prepare for a busy week that includes the delayed jobs report for September, minutes of the Federal Reserve's last policy meeting and Nvidia's (NVDA) latest financial results.
Electra Battery Materials Corporation, a leader in advancing North America?s critical minerals processing, is pleased to announce that members of its executive leadership team will participate in a series of strategic industry events in the coming weeks. Upcoming Engagements: These events follow the Company?s recent participation in the Idaho Mining Association?s Annual Conference.
The Bank of Canada's next policy decision is on Dec. 10, where it is widely expected to hold rates steady, said TD. With the policy rate at 2.25%, it is at the bottom end of its estimated neutral rate range and likely marks the end of their easing cycle, note the bank.
Ten winners across five regions and five additional categories will be celebrated Dec. 2 in New York City, where one will be crowned the overall Deal of the Year.
OSI Systems, Inc. (OSIS) today announced its intention to offer, subject to market and other conditions, $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
European bourses tracked moderately lower midday Monday as traders weighed weak closes on Asian exchanges, and awaited clarity on the next move by the US central bank, the Federal Reserve.
-? ? ? ? What matters in U.S. and global markets today. By Mike Dolan, Editor-at-Large, Finance and Markets. Wall Street looks set to firm up on Monday after last week's tech sector wobble, with Nvidia (NVDA) earnings due on Wednesday and official U.S. government data returning against doused Federal Reserve easing speculation.
By Mike Dolan. Nov 17 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Wall Street looks set to firm up on Monday after last week's tech sector wobble, with Nvidia (NVDA) earnings due on Wednesday and official U.S. government data returning against doused Federal Reserve easing speculation.
Ireland's central bank left the amount of capital banks must set aside as extra protection against future crises - the counter-cyclical capital buffer - unchanged at 1.5% in a biannual review on Monday.
Last week's "light" economic data in Canada paved the way for the federal government to make another splash following the federal budget release, said TD. Prime Minister Mark Carney announced six new projects of perceived "national importance" to be considered for fast-track approval, increasing the total to 11.
Copper prices fell on Monday, weighed down by a slightly firmer dollar, fading hopes for another Federal Reserve rate cut and a host of macro concerns. Benchmark three-month copper on the London Metal Exchange was down 0.5% at $10,797.50 per metric ton as of 1036 GMT.
Canada will release the consumer price index data for October at 8:30 a.m. ET on Monday, said RBC. The bank forecasts headline inflation to edge down to a 2.1% year-over-year rate, following last month's upside surprise. RBC expects food price growth to hold close to September's 3.8% annual rate in October.
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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