The Federal Reserve should move "slowly" with its monetary policy easing as the balance of risks has shifted, Vice Chair Philip Jefferson said Monday. Jefferson voted in favor of the quarter-percentage-point rate cut that the Fed delivered last month, which followed a similar move in September, amid concerns regarding the labor market.
Amazon.com (AMZN) has commenced a US dollar corporate bond sale in as many as six parts, Bloomberg reported Monday, citing a person familiar with the matter. The tech giant is looking to raise about $12 billion from the sale, which is its first such offering in about three years, according to the report.
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was 1.4% lower, and the Real Estate Select Sector SPDR Fund was easing 0.1%. Bitcoin was falling 1.2% to $93,104, and the yield for 10-year US Treasuries was declining 2 basis points to 4.13%. In corporate n...
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...
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.
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.
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.
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.
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.
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.
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.
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.
Asian stock markets closed unevenly lower Monday, as traders looked for clues to US central bank directions, and weighed rising tensions between Beijing and Tokyo. Hong Kong, Shanghai and Tokyo finished in the red, while other regional exchanges were mixed.
Billionaire hedge fund manager?Bill Ackman is set to introduce a fresh proposal for mortgage-finance titans?Fannie Mae?and?Freddie Mac?on Tuesday, Nov. 18. What Happened:?Ackman is scheduled to detail his plan during a livestream event.
US equity indexes closed mixed this week as stretched valuations and plunging interest-rate cut bets amid lingering inflationary concerns hurt the so-called AI trade. * The S&P 500 closed at 6,734.11 on Friday versus 6,728.80 a week ago. * Energy, basic materials, and healthcare led the sector charts, while consumer cyclicals led decliners. * Four Magnificent-7 stocks fell this week, led by Tesla.
US equity indexes closed mixed on Friday, as selective dip-buying helped lift the technology sector while top Federal Reserve officials noted inflationary impulses in the economy.
US equity indexes were mixed Friday after technology stocks recovered, while persistent inflation concerns eroded expectations for a December interest rate cut by the Federal Reserve. * The Nasdaq rose 0.1% on Friday, paring earlier gains.
Issuance year-to-date is at $505.245, just shy of 2024's record of $507.585 billion, with $11.109 billion of supply on the calendar for the week of Nov. 17.
US equity indexes were mixed ahead of Friday's close amid selective dip-buying in technology and inflationary impulses noted by top Federal Reserve officials.
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was easing 0.6%, and the Real Estate Select Sector SPDR Fund was increasing 0.3%. Bitcoin was falling 4.4% to $95,322, and the yield for 10-year US Treasuries rose 4 basis points to 4.15%. In corporate news,...
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was easing 0.6%, and the Real Estate Select Sector SPDR Fund was increasing 0.3%. Bitcoin was falling 4.4% to $95,322, and the yield for 10-year US Treasuries rose 4 basis points to 4.15%. In corporate news,...
New data from The Bond Buyer's 2025 Infrastructure Survey dives into how municipalities will be affected by the likely demise of FEMA and other shifts.
Kansas City Fed President Jeffrey Schmid said that the current stance of monetary policy is "modestly restrictive," which he said is appropriate given continued concerns about inflation and suggested that the risk of lowering rates further is tilted toward damaging the Fed's inflation fight.
Bitcoin has slipped under the $100,000 mark amid heavy ETF outflows and renewed doubts about Federal Reserve rate cuts, signaling growing institutional caution. What Happened: Bitcoin?s rejection at key daily moving averages and the $106,800 level triggered a deeper correction toward the $95,700 zone, with a possible extension into the $91,000?$88,000 golden pocket, near the 3D 200 SMA/EMA.
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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