Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
Chicago Fed President Austan Goolsbee said Friday in an exclusive interview with CNBC that he dissented at the Federal Open Market Committee meeting this week in favor of no rate change because he is "uncomfortable" front loading too many rate cuts and urged patience to assure that inflation is back on a path to 2%. Goolsbee said that the unemployment rate has been fairly stable and that there ...
NEW YORK, NY / ACCESS Newswire / December 12, 2025 / The global economy spent decades running on assumptions, and it worked until it didn't. Supply chains expanded faster than verification systems. Today's logistics environment is the result of those accumulated assumptions. And this week, SMX cracked one of the most stubborn examples of that nightmare.
Canadian trade revisions will add to Q3 gross domestic product growth, said Scotiabank. Instead of 2.6% quarter-over-quarter seasonally adjusted annual rate GDP growth in Q3, the country may be crossing 3% the next time Statistics Canada takes a swing at the numbers, noted the bank.
The long-awaited September trade data came in even better than Statistics Canada's preliminary estimates, said Bank of Montreal. Not only did the trade balance improve from a $6.4 billion deficit to a $200 million surplus versus an estimated $1.25 billion shortfall in the Q3 gross domestic product figures, but volumes were also firmer, noted the bank.
The US dollar rose against its major trading partners early Friday, except for a decline versus the Canadian dollar, ahead of a light schedule that includes only an appearance by Chicago Federal Reserve President Austan Goolsbee at 10:35 am ET and an expected update to the St. Louis Fed's gross domestic product Nowcast estimate for Q3 around midday.
Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.
PNC Financial Services (PNC) has received approval from the Federal Reserve for its proposed acquisition of FirstBank Holding, the central bank said Thursday. The deal is subject to the approval of the Office of the Comptroller of the Currency, the Fed said. MT Newswires does not provide investment advice.
The Bank of England is set to impose a rate cut by 25bps next Thursday and the United Kingdom gross domestic product data released earlier Friday will certainly help reinforce those expectations, said MUFG. Real GDP contracted by 0.1% month over month in October, which followed a similar contraction in September.
Societe Generale in its early Friday economic news summary pointed out: -- Foreign exchange majors rangebound, 10-year United States Treasuries steady at 4.15% after drop to 4.10% on Thursday on spike in weekly jobless claims. -- The United Kingdom October gross domestic product contracts 0.1% month over month, drops 0.1% three-month/over/three-month, below forecast.
Surgery Partners (SGRY) said late Thursday its Surgery Center subsidiary priced a private offering of $425 million of 7.25% senior unsecured notes due 2032. The company expects the offering to close Tuesday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
T1 Energy Inc. (TE) today announced the pricing of its previously announced underwritten public offerings of $140.0 million aggregate principal amount of its 5.25% convertible senior notes due 2030 and 28,282,830 shares of its common stock at a public offering price of $4.95 per share.
Surgery Partners, Inc. (SGRY) today announced that its wholly-owned subsidiary, Surgery Center Holdings, Inc., priced $425.0 million aggregate principal amount of its 7.250% senior unsecured notes due 2032 in a previously announced private offering exempt from the registration requirements of the Securities Act of 1933, as amended.
Royal Bank of Canada (RY) has outperformed the market over the past 5 years by 1.95% on an annualized basis producing an average annual return of 15.22%. Currently, Royal Bank of Canada (RY) has a market capitalization of $236.57 billion. Buying $1000 In RY: If an investor had bought $1000 of RY stock 5 years ago, it would be worth $2,032.62 today based on a price of $167.75 for RY at the time of writing.
DIRTT Environmental Solutions Thursday said it signed an agreement with the Business Development Bank of Canada under which the lender has agreed to lend the company up to C$15 million. If finalized, DIRTT would receive the funds in staged funding of $10 million and $5 million.
WSFS Financial (WSFS) said late Thursday it closed a public offering of $200 million of 5.375% fixed-to-floating rate senior unsecured notes due 2035. From Dec. 15, 2030, the rate will reset quarterly at an annual floating rate equal to the three-month term secured overnight financing rate, plus 189 basis points, the company said.
"With its third straight rate cut, the Fed is sending a clear message: it's no longer just watching inflation ? it's managing risk," said Gina Bolvin, president of Bolvin Wealth Management Group.
All amounts in Canadian dollars unless otherwise stated VANCOUVER, BC / ACCESS Newswire / December 11, 2025 / RE Royalties Ltd (RROYF). is pleased to provide an update on the Company's near-term investment opportunities, current investments with existing clients, Series 1 Green Bonds, appointment of Alexa Blain to the Board of Directors, listing on the Frankfurt Stock Exchange, and dividend policy.
The Toronto Stock Exchange set a second-straight record close Thursday, with investors buoyed by one set of economic data showing Canadian household balance sheets "remained resilient" in the third quarter and another showing a better than expected trade balance.
Arbor Realty Trust, Inc. (ABR) today announced that its subsidiary, Arbor Realty SR, Inc., has priced an offering of $400 million aggregate principal amount of 8.50% Senior Notes due 2028 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, and outside the United States to non-United States person...
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.9%. The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.5%. Bitcoin was decreasing 0.7% to $91,369, and the yield for 10-year US Treasuries fell 2 basis points to 4...
The US trade deficit narrowed in September to its smallest since mid-2020 amid a stronger increase in exports than imports, delayed government data showed Thursday. The goods and services deficit reduced about 11% sequentially to $52.83 billion in September on a seasonally adjusted basis, the Census Bureau and the Bureau of Economic Analysis said.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.9%. The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.5%. Bitcoin was decreasing 0.7% to $91,369, and the yield for 10-year US Treasuries fell 2 basis points to 4...
Bitcoin has rebounded above $91,000, one day after the Federal Reserve delivered the expected 25 basis points cut. Notable Statistics: Notable Developments: Trader Notes: Michael van de Poppe highlighted that both the Nasdaq and Bitcoin dipped post-FOMC to flush out late long positions.
Initial jobless claims increased by 44,000 to 236,000 in the week ended Dec. 6, lifting the four-week moving average by 2,000 to 216,750. Insured claims fell by 99,000 to 1.838 million in the week ended Nov. 29.
As more states weigh legislative action to decouple from the provisions of One Big Beautiful Bill Act, Treasury Secretary Scott Bessent launches an outreach mission to counter what he calls, a "blatant act of political obstructionism," that will lead to higher state taxes.
Gold traded sharply higher midafternoon on Thursday as the dollar and treasury yields weakened after the Federal Reserve, as expected, cut U.S. interest rates by 25 basis points a day earlier.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.7%. The Philadelphia Housing Index increased 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was falling 2% to $90,423, and the yield for 10-year US Treasuries dropped 4.4 basis points to 4.12%....
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.7%. The Philadelphia Housing Index increased 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was falling 2% to $90,423, and the yield for 10-year US Treasuries dropped 4.4 basis points to 4.12%....
To no one's surprise, on Wednesday, the Bank of Canada left its overnight interest rate unchanged at 2.25%, said Morningstar. Many analysts see the decision as confirming the end of the BoC's monetary easing cycle, about a year and a half after it started, noted Morningstar.
The European stock markets closed mostly higher in Thursday trading as The Stoxx Europe gained 0.52%, Germany's DAX rose 0.68%, the FTSE 100 was up 0.49%, and France's CAC advanced 0.79%, while the Swiss Market Index was off 0.13%. In Switzerland, the Swiss National Bank left its policy rate unchanged at 0%. The SNB said that although inflation has been slightly lower than expected in recent mo...
Details behind Thursday's surprisingly large swing in the Canadian trade balance back to surplus in September were consistent with earlier reports flagging a stabilization in the broader economic backdrop following significant trade disruptions that began in the spring, said RBC.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.22%. ?The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Although delayed by the United States government shutdown, the September report on Canadian international trade nonetheless contained interesting information, starting with the fact that the goods trade balance experienced its largest ever monthly change of $6.6 billion and moved into a surplus position for the first time in eight months, said National Bank of Canada.
The Federal Reserve delivered its third straight 25 basis points rate cut to close out 2025, briefly lifting retail optimism for Bitcoin and Ethereum before the market quickly reversed course. What Happened: On-chain platform Santiment noted that while lower rates typically boost risk assets by increasing liquidity and weakening the dollar, retail enthusiasm peaked before the announcement.
The Bank of Canada held the policy rate steady at 2.25% on Wednesday, as expected, said Rosenberg Research. The forward guidance was neutral, not hawkish, with the same key language being used as in last month's report, noted Rosenberg Research.
September's trade data confirms that net trade was a tailwind for real GDP growth, with the door opened to a modest upside revision to Q3 GDP, and also confirms the broader recovery in Canadian exports following April's plunge, TD Economics said Thursday. TD noted Canadian trade data is back on the docket after the U.S. government shutdown delayed its release last month.
Rate-market pricing swung sharply after Wednesday's Federal Reserve meeting. On Thursday, retail prediction market Polymarket showed the probability of no change in January jumping to 82%, leaving just 18% odds of a 25-basis-point cut. Fed funds futures moved in the same direction, though with a slightly softer skew.
State-level data released by the Bureau of Labor Statistics Thursday showed the unemployment rate rose in eight states in September, fell in two and held steady elsewhere. The largest unemployment rate declines were in Delaware, Maryland, New Jersey, New York, and West Virginia, where it dipped by 0.2 percentage point, and fell by 0.1 percentage point in Florida, Montana and Pennsylvania.
Weekly applications for unemployment insurance in the US rose more than expected, while continuing claims fell to the lowest level since mid-April, government data showed Thursday. For the week ended Dec. 6, the seasonally adjusted number of initial claims climbed by 44,000 to 236,000, the Department of Labor said.
For months, President Donald Trump has insisted that America's huge trade deficit could be tamed with one blunt tool: tariffs. In September, the numbers finally moved his way. New figures from the Census Bureau on Thursday show the U.S. trade deficit narrowed to $52.8 billion in September, the smallest gap since June 2020.
Surgery Partners (SGRY) said Thursday its Surgery Center unit plans to offer an additional $425 million in 7.250% senior unsecured notes due 2032. The company said the notes will be guaranteed on a senior unsecured basis by each domestic wholly owned unit that backs its senior secured credit facilities.
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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