Alvotech (ALVO) said Wednesday that it has placed a $108 million offering of senior unsecured convertible bonds due 2030. The offering, which was oversubscribed, will be used to finance research and development, expected to be around $250 million in 2026, the company said. The bonds carry a coupon of 6.875% with an initial conversion price of $5.9224 per share, the company said.
Arguably, the most notable aspect of the United States jobs data on Tuesday was the two-tick upward lurch in the jobless rate to 4.6%, the highest since 2021, said Bank of Montreal. After dipping in June to 4.1%, the rate has risen steadily on average by one tick per month -- not a friendly trend, noted the bank.
Societe Generale in its early Wednesday economic news summary pointed out: -- US dollar off payrolls lows, oil rebounds 1.5% after President Trump ordered a blockade of sanctioned oil tankers going into and leaving Venezuela. -- Japan trade balance surprisingly swings to 322.2 billion yen surplus in November, exports accelerate to a nine-month high of 6.1% year over year.
Asian stock markets closed mixed Wednesday as traders digested the latest US jobs data and mulled potential Federal Reserve policy path ahead. On Tuesday, official US data showed that job growth in the world's largest economy rebounded in November after payrolls declined in October, while the unemployment rate shot up to the highest level in more than four years.
Mercantile Bank (MBWM) and Eastern Michigan Financial said late Tuesday the Federal Reserve Bank of Chicago has approved their proposed merger. The deal is expected to close Dec. 31, pending Eastern Michigan shareholder approval and other conditions, the companies said. MT Newswires does not provide investment advice.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Neutral? zone on Tuesday. U.S. stocks settled mixed on Monday, with the Dow Jones index falling more than 300 points during the session as mixed labor market data failed to ignite a fresh wave of risk-on sentiment.
The U.S. labor market showed further signs of cooling in November as nonfarm payrolls rose by 64,000, only modestly above expectations but still weak by historical standards, while the unemployment rate unexpectedly climbed to 4.6%, The Dow Jones Industrial Average fell 0.6% to 48,114.26, while the S&P 500 dropped 0.2% to 6,800.26. The Nasdaq rose 0.2% to 23,111.46. These are the top stocks tha...
The Dow Jones Industrial Average and the S&P 500 fell for a third straight session on Tuesday as traders reacted to fresh employment data that showed the unemployment rate hitting a four-year high. The Dow shed 0.6% to 48,114.3, while the S&P 500 dipped 0.2% to 6,800.3. The Nasdaq Composite rose 0.2% to 23,111.5, rebounding after a three-day decline.
Eos Energy Enterprises, Inc. (EOSE), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems, today announced it will participate in the World Economic Forum Annual Meeting 2026 in Davos, Switzerland.
Inflation reports may drive markets in 2026 since the labor market is "sending mixed messages," said Kevin O'Neil, associate portfolio manager and senior research analyst at Brandywine Global.
Financial stocks were lower late Tuesday afternoon, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding 0.5%. The Philadelphia Housing Index was falling 0.9%, and the State Street Real Estate Select Sector SPDR ETF was down 0.6%. Bitcoin was increasing 2.1% to $87,755, and the yield for 10-year US Treasuries fell 3.5 basis points to 4.15%. In econom...
Financial stocks were lower late Tuesday afternoon, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF down 0.5%. The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was increasing 1.2% to $87,477, and the yield for 10-year US Treasuries fell 3 basis points to 4.15%. In cor...
Bitcoin is up 1% on Tuesday after weaker U.S. unemployment data revived expectations of the Federal Reserve delivering another rate cut in January. Notable Statistics: Notable Developments: Trader Notes: Crypto technical analyst Kevin said Bitcoin is behaving as expected in the late stages of a major correction.
The November employment report was mixed, with payrolls growth stronger than expected but following a sharp October drop, the unemployment rate higher, and hourly earnings growth slower than expected. Nonfarm payrolls rose by 64,000 in November after a 105,000 decline in October and a 108,000 gain in September.
Freddie Mac today announced that its Board of Directors has selected Kenny M. Smith, a seasoned financial services leader, as the company?s chief executive officer, effective December 17. Mr. Smith brings nearly 40 years of experience providing strategy, operational, risk management and governance counsel to a diverse array of financial services companies and institutions.
US benchmark equity indexes were lower intraday as traders parsed the latest economic data, including a report showing the unemployment rate reached the highest level in more than four years. The Dow Jones Industrial Average was down 0.9% at 47,985.8 after midday Tuesday, while the S&P 500 fell 0.7% to 6,766.
New York Life Investments launched a new actively managed municipal bond ETF, designed to serve those investors wanting to attain higher levels of tax-exempt income with interest rates near record highs. ? What?s ahead for MMCA stock?
Financial stocks were lower Tuesday afternoon, with the NYSE Financial Index shedding 0.9% and the State Street Financial Select Sector SPDR ETF down 0.7%. The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was increasing 2.7% to $87,707, and the yield for 10-year US Treasuries was shedding 2.1 basis points to 4.16%. I...
Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.9% and the State Street Financial Select Sector SPDR ETF down 0.7%. The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was increasing 2.7% to $87,707, and the yield for 10-year US Treasuries was shedding 2.1 basis points ...
US equity indexes fell along with government yields and crude oil in midday trading on Tuesday as investors weighed a deluge of macroeconomic data. The Dow Jones Industrial Average fell 0.8% to 48,041.7, with the S&P 500 down 0.6% to 6,772.9, and the Nasdaq Composite 0.4% lower at 22,969.5. All sectors were down, with health care and energy leading the retreat.
US private-sector output growth hit a six-month low in December as price pressures intensified "noticeably," according to S&P Global's (SPGI) flash purchasing managers' index released Tuesday. The composite output index fell to 53 this month from 54.2 in November, representing its lowest point since June, the data provider said.
An independent audit has formally verified the physical gold reserves backing Gold Dollar, the gold-backed stablecoin introduced under the regulatory framework of the Kyrgyz Republic. Image: Independent audit verifies gold reserves backing Kyrgyzstan?s USDKG stablecoin The audit was conducted by Kreston Global, a major international accounting network.
US equity indexes fell along with government yields and crude oil in midday trading on Tuesday as investors weighed a deluge of macroeconomic data. The Dow Jones Industrial Average fell 0.5% to 48,198.9, with the S&P 500 down 0.5% to 6,781.2, and the Nasdaq Composite 0.4% lower at 22,976.5. All but two sectors, technology and consumer discretionary, fell.
NEW YORK, NY / ACCESS Newswire / December 16, 2025 / For a century, the world has operated on a comfortable illusion. That era of blind trust is ending. SMX is positioned squarely at the center of the coming reset. The World Thinks It Knows What's in Its Vaults...
All three major US stock indexes were pointing lower in late-morning trading on Tuesday, as investors digested the November jobs report. The unemployment rate rose to 4.6% in November from 4.4% in September, compared with a 4.5% rate expected, while the labor force participation rate rose to 62.5% from 62.4% in September.
Bitcoin is down 3% over the past week, dashing expectations that the Federal Reserve?s rate cut the week prior would spark a relief rally. According to Wintermute?s latest market update, the rate cut, which came with projections implying just one rate cut across all of 2026, has resulted in uncertainty rather than upside momentum for Bitcoin.
Greystone, a leading national commercial real estate finance company, announced it has provided a $28,946,000 Fannie Mae DUS? loan for the acquisition of Sphere Apartments, a multifamily community located in Richmond, Virginia. The $28,946,000 financing features a five-year term with interest-only payments for the full-term of the loan.
Retail sales were flat in October as outlays on motor vehicles and at fuel stations declined, delayed data from the US Census Bureau showed Tuesday. Sales remained unchanged in October, compared with the Bloomberg-compiled consensus for growth of 0.1%. The pace of increase in September was revised down to 0.1%. The report was delayed because of a recent federal government shutdown.
The Bank of Canada received some comforting news on Monday with the as expected 0.1% month-over-month non-seasonally adjusted November consumer price index print, while the headline inflation rate did come in a tad below market expectations, staying at 2.2% year over year instead of inching up to 2.3% as the consensus had penciled in, noted Rosenberg Research.
Job growth rebounded in November after payrolls declined in October, while the unemployment rate shot up to the highest level in more than four years, delayed government data showed Tuesday. Total nonfarm payrolls rose by 64,000 last month, the Bureau of Labor Statistics said. The November report was delayed by more than a week because of the recent federal government shutdown.
Chile's central bank will announce its policy decision at 4 p.m. ET on Tuesday. According to Deutsche Bank, the persistence of core inflation and the behavior of services inflation prescribe continued caution, while the performance of activity and the labor market affords the BCCh the space to avoid rushing the next cut.
Software as a service platform Adaje has acquired bond structuring software provider Munex and hired 25-year muni veteran Jon Sidman as its chief product officer.
Former Federal Reserve governor Kevin Warsh has emerged as the new frontrunner to succeed Jerome Powell as Chair of the Federal Reserve. What Happened: On Tuesday, Polymarket traders assign Warsh a 46% probability to be President Trump?s nominee?up from 39% on Monday and a sharp rise from 11% one week prior.
Democratic Sens. Chris Van Hollen from Maryland and John Fetterman from Pennsylvania are reintroducing a bill to aid the public transit sector, a funding reduction target under Trump's administration.
Editor's Note: This story has been updated to include the latest data and market reaction. The U.S. labor market showed clearer signs of cooling in November, as job growth broadly met already subdued expectations while the unemployment rate rose more than anticipated, intensifying concerns that the slowdown is becoming more fragile.
A few more rounds of Canadian data came in on Monday the form of November existing home sales and housing starts, which further highlight the soft demand and excess supply in this interest-rate-sensitive sector -- setting the stage for more shelter disinflation, said Rosenberg Research.
US retail sales held steady in October, below the 0.1% increase expected in a survey compiled by Bloomberg and following the previous month's 0.1% gain. Excluding a 1.6% decrease in motor vehicle sales, retail sales were up 0.4% compared with an expected 0.2% gain.
The U.S. labor market showed clearer signs of cooling in November, as job growth met already subdued expectations while the unemployment rate rose more than anticipated, intensifying concerns that the slowdown is becoming more fragile.
The U.S. labor market showed clearer signs of cooling in November, as job growth broadly met already subdued expectations while the unemployment rate rose more than anticipated, intensifying concerns that the slowdown is becoming more fragile.
The November employment report showed nonfarm payrolls rose by 64,000, above the 50,000 increase expected in a survey compiled by Bloomberg, while October payrolls fell by 105,000 due to a 157,000-jobs decline in the government sector. Private payrolls rose by 69,000 in November after a 52,000 increase in October, above the increase of 50,000 private jobs expected.
Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.
Numerator, a data and technology company providing insights into consumer behavior, released its November 2025 Numerator Consumer Price Index with an advance read on inflation trends across everyday consumer goods. Similar to the U.S. Bureau of Economic Analysis? Personal Consumption Expenditures price index, the Numerator CPI tracks prices and changes in consumer purchases over time.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.02% and the actively traded Invesco QQQ Trust retreated 0.2% in Tuesday's premarket activity ahead of key economic data. US stock futures were also lower, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures slipping 0.03%, and Nasdaq futures retreating 0.2% before the start of regular trading.
With large language models parsing EMMA filings and investor relations sites, municipal issuers must modernize their disclosure so both humans and algorithms can accurately understand their credit story and avoid unintended red flags.
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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