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* Next Fed chief may face challenges from buoyant economy, inflation. * Online wagering markets see top Trump economic adviser as favorite for the job. * Two current Fed governors also among potential candidates. By Jeff Mason, Howard Schneider and Andrea Shalal.

Doman Building Materials Group (CWXZF) on Tuesday said it closed a private placement offering of $170 million of 7.50% senior unsecured notes due Sept. 17, 2029. The company said the notes have identical terms, will be fungible with, and are a part of a single series.

Bitcoin miners have been among those riding the AI boom, with IREN and Cipher Mining (CIFR) up over 300% in 2025.

By Jeff Mason, Howard Schneider and Andrea Shalal. President Donald Trump said on Tuesday he would be announcing his choice to succeed Jerome Powell as head of the Federal Reserve early next year, further teasing out a months-long audition process despite having said he already knows who he will pick to lead the world's most important central bank.

SAN FRANCISCO, Dec. 2, 2025 PayJoy, a leading emerging markets credit provider, has announced a $140 million corporate debt facility with funds managed by Neuberger, marking a significant milestone in its global growth strategy.

* Indexes up: Dow 0.30%, S&P 500 0.13%, Nasdaq 0.35% * Boeing (BA) rises, expects higher deliveries of jets in 2026. * Bitcoin stabilizes following massive losses. * Warner Bros rises on reports of offer from Netflix. By Johann M Cherian and Pranav Kashyap.

City Council President Jean-Paul Morrell said Mayor LaToya Cantrell had engaged in a "breathtaking abdication" of her job.

Greystone, a leading national commercial real estate finance company, has provided a $24,477,000 Fannie Mae DUS? loan to refinance Manchester at Wesleyan, a 328-unit garden-style apartment community located in Macon, Georgia.

National Bank of Canada's baseline scenario involves the Bank of Canada on the sidelines through the end of 2026, but it agrees with OIS markets that there's some chance the BoC could cut next spring. To get to that outcome, National Bank will need to see a "soft" Labour Force Survey report this Friday. MT Newswires does not provide investment advice.

Canada's gross domestic product growth is projected to strengthen over 2026 and 2027, reaching 1.3% and 1.7% respectively, as the economy recovers from the trade slowdown in 2025 following higher United States tariffs, said the Organisation for Economic Co-operation and Development.

Russian President Vladimir Putin said on Tuesday that a fall in output in some sectors of the economy was not acceptable, and a transition to balanced growth remained a goal for the government and the central bank.

Herc Holdings (HRI) said Tuesday it intends to issue $1.2 billion in senior unsecured notes through a private offering, with maturities in 2031 and 2034. The company said it plans to use the proceeds to fully redeem its $1.2 billion of 5.50% notes due 2027 and cover associated costs.

* Indexes up: Dow 0.03%, S&P 500 0.37%, Nasdaq 0.85% * Bitcoin stabilizes following massive losses. * Warner Bros rises on reports of offer from Netflix. * Boeing (BA) rises, expects higher deliveries of jets in 2026. By Johann M Cherian and Pranav Kashyap.

* Market expects 87% chance of 25-basis point rate cut in Dec. * Gold may reach $5,000 early in the new year, analyst says. * Central banks bought 53 tons of gold in October, WGC says. By Anmol Choubey.

Russian President Vladimir Putin said on Tuesday that inflation was expected to be around 6% by the end of December while gross domestic product was expected to rise by 0.5-1% in 2025.

Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES CLOSING OF ADDITIONAL $170 MILLION SENIOR UNSECURED NOTE OFFERING AND REDEMPTION OF ITS REMAINING 5.25% SENIOR UNSECURED NOTES DUE MAY 15, 2026 Source text: Further company coverage:

Gold prices weakened for the first time in nine sessions early on Tuesday as the metal continues to run under its Oct. 20 record high despite the prospect for an interest-rate cut from the Federal Reserve next week. Gold for February delivery was last seen down US$38.90 to US$4,235.90 per ounce.

American consumers are seriously depressed, even as key economic data looks solid. The disconnect is stark and runs through every major sentiment survey. The downturn in U.S. consumer sentiment, as captured by the Conference Board and University of Michigan Survey Research Center, may look worrying ? but the broader economic data suggest Americans are, on paper, better off than ever.

The pound fell against the euro on Tuesday after euro zone inflation cemented the view that the European Central Bank was done easing interest rates while the Bank of England is expected to cut in December.

Sterling has continued to trade at stronger levels at the start of this week after staging a relief rally following last week's Fall Statement, said MUFG. The broad-based correction lower for the US dollar helped to lift cable up to a high on Monday at 1.3275 as it moves further above the low from early November at 1.3010, wrote the bank in a note to clients.

Industrial production in Brazil rose less than expected in October from the previous month, government statistics agency IBGE said on Tuesday, as Latin America's largest economy shows signs of cooling amid high interest rates. * Output was up 0.1% in October from September, IBGE said.

A big undercurrent in the latest Canadian gross domestic product release was "hefty" upward revision to real growth in the prior three calendar years, totalling 1.4 percentage points, said Bank of Montreal. This didn't come out of the clear blue sky, as earlier provincial data had flagged the big switch, noted the bank.

Herc Holdings Inc (HRI): * HERC HOLDINGS ANNOUNCES PROPOSED PRIVATE OFFERING OF $1,200 MILLION OF SENIOR UNSECURED NOTES Source text: Further company coverage:

Herc Holdings, Inc. (HRI) today announced that it intends to offer $1,200 million aggregate principal amount of senior unsecured notes due 2031 and senior unsecured notes due 2034 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, subject to market and other conditions.

Once again, inflation remains within 0.2 percentage point of the 2% target in the eurozone, said ING after headline inflation increased from 2.1 year over year to 2.2% in November. The higher inflation rate was mainly due to a smaller negative contribution from energy prices, wrote the bank in a note on Tuesday.

BOSTON, Dec. 2, 2025 /PRNewswire/ --?A new report from the World Economic Forum's Alliance of CEO Climate Leaders and Boston Consulting Group finds the global green economy has already surpassed $5 trillion and is projected to exceed $7 trillion by 2030.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

* Silver retreats from record high of $58.83. * U.S. manufacturing data contracts for ninth straight month. * Benchmark US 10-year Treasury yields near two-week peak. By Pablo Sinha.

Based on data from the Calgary Real Estate Board for the Calgary economic region, National Bank said its preliminary estimate indicates that seasonally adjusted home sales edged up 1.8% from October to November, a deceleration from the 4.1% gain recorded the prior month. The uptick in resale market activity comes amid back-to-back rate cuts by the Bank of Canada in September and October.

The yen continued to trade at stronger levels overnight following Monday's gains, triggered by the clear signal from Governor Kazuo Ueda that the Bank of Japan is planning to resume rate hikes this month, said MUFG.

U.S. stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday, buoyed by gains in technology shares as expectations the Federal Reserve will cut interest rates next week remain elevated.

* Futures up: Dow 0.13%, S&P 500 0.19%, Nasdaq 0.29% U.S. stock index futures were flat to marginally higher on Tuesday, steadying after losses on Wall Street in the previous session, as investors awaited more data to determine the Federal Reserve's next monetary policy move.

Through the choppy quarters and flattering recent headline results in Canadian gross domestic product, the economy is grinding out below-potential growth, said Bank of Montreal. Real GDP has now expanded 1.4% in the past year, through all the ups and down of the trade dispute with the United States, easing cycle and change of government, noted the bank.

Wall Street futures pointed modestly higher pre-bell Tuesday as traders awaited central bank decision in Tokyo and Washington, and monitored steady US Treasury values. In the futures, the S&P 500 rose 0.2%, the Nasdaq added 0.3% and the Dow Jones was up 0.1%. Yield on 10-year US Treasuries held under 4.10%, providing some comfort to bondholders and Federal Reserve watchers.

Hungarian Prime Minister Viktor Orban's Fidesz party narrowed the gap on opposition rival Tisza in November, an opinion poll showed on Tuesday, helped by large-scale spending ahead of next year's election and a slight improvement in consumer confidence.

Societe Generale in its early Tuesday economic news summary pointed out: -- US dollar mixed, 10-year United States Treasury consolidates after 7bps jump on Monday to 4.086% on Japanese government bond sell off, higher oil, U.S. issuance. -- Day ahead: Eurozone flash consumer price index.

BofA Global Research became the latest brokerage to forecast an interest rate cut by the U.S. Federal Reserve in December, as dovish signals from key voting members and weakness in labor market conditions ramped up hopes of lower borrowing costs.

* Stocks up 0.3%, FX flat. * Turkey's 5-year credit default swap drops to lowest since 2018. * Poland's central bank widely expected to cut rates on Wednesday. By Twesha Dikshit.

Asian stock markets were mixed and largely muted Tuesday, as traders awaited central bank decisions in Tokyo and Washington, and monitored unsettling plunges in Bitcoin values. Hong Kong edged higher, while Shanghai lost ground. In Japan, the Nikkei 225 opened higher, waffled and finished flat, as traders looked for more clues on potential pending Bank of Japan rate hikes.

Greece's jobless rate stood at 8.6% in October, down from an upwardly revised 8.7% in September, data from statistics service ELSTAT showed on Tuesday. Seasonally adjusted data showed 411,369 people were officially unemployed. Unemployment impacted women more than men, at the rates of 11.0% and 6.7%, respectively.