The loss of federal jobs combined with delays in accessing employment data are contributing to flat revenue estimates for the Washington, D.C., government.
Activity in Texas' services sector continued to contract in December, though less than expected, amid near-zero readings for employment and part-time employment, the Federal Reserve Bank of Dallas said Tuesday. The general business activity index fell to a reading of minus 3.3 this month from minus 2.3 in November, compared with expectations for a minus 4.6 print in a survey compiled by Bloomberg.
European stock markets closed higher on Tuesday with the Stoxx Europe 600 up 0.7%, Germany's DAX gaining 0.6%, the FTSE 100 advancing 0.8%, France's CAC rising 0.7%, and the Swiss Market Index adding 0.2%. In economic news, Spain's annual change in the consumer price index was 2.9% in December, down from 3% last month, according to the country's statistics office INE.
Nomura expects the Bank of Canada to maintain its policy rate of 2.25% through 2026. While the balance of risks around growth remains skewed to the downside, the risk profile around inflation raises the bar for additional easing, wrote the bank in its "Global Macro Outlook 2026" note of ec. 11.
US home prices increased sequentially in October, although the annual growth rate was among the weakest since the middle of 2023, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday. The S&P Cotality Case-Shiller Index, formerly known as the S&P CoreLogic Case-Shiller Index, rose 0.4% month-on-month in October after seasonal adjustments, following a 0.2% gain in September.
The Swiss franc has been the second-best performing G10 currency in 2025, strengthening sharply by around 14% against the US dollar while remaining relatively stable against the euro, said MUFG.
The Case-Shiller National Home Price index fell by 0.2% in October before seasonal adjustment following a 0.3% decrease in September. National home prices were up 1.4% year-over-year, up from 1.3% in September.
The FHFA's measure of home prices rose by 0.4% in October after a revised 0.1% decrease in the previous month, well above a 0.1% gain expected in a survey compiled by Bloomberg. Prices were up 1.7% from a year earlier in October. Home prices rose in October in seven of the nine US regions, led by a 1% increase in the West South Central region.
US equity futures were flat pre-bell Tuesday but trending downward amid low trading volume as wary investors looked ahead to remarks from the Federal Reserve's latest policy meeting. Dow Jones, S&P 500, and Nasdaq futures were all treading water. Later in the day, the Federal Open Market Committee will release a summary of its most recent policy meeting.
Spain's core consumer price index inflation held firmer than expected at 2.6% year over year, while the consensus was 2.5% consensus and the previous reading 2.6%, said Scotiabank after Tuesday's CPI data. On a month-over-month basis, it was up by about 0.4% in seasonally unadjusted terms, noted the bank.
US equity futures were flat but trending slightly lower after spending much of the premarket in the red amid low trading volume, a shortened year-end holiday week, and anxiety over the release of the minutes from the Federal Reserve's latest policy meeting.
Bitcoin is trading around $87,000 on Tuesday as liquidations stand at $188.74 million over the past 24 hours. Bitcoin ETFs saw $19.3 million in net outflows on Monday, while Ethereum ETFs reported $9.63 million in net outflows. What's Holding Markets Back Michael van de Poppe said Bitcoin continues to face rejection above $88,000 and remains locked in a multi-week consolidation range.
The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of another busy day of data releases, starting with weekly Redbook same-store sales at 8:55 am ET and home price data for October at 9:00 am ET.
Bank of America Corp. CEO Brian Moynihan says America's fixation on Federal Reserve rate moves has overshadowed the private sector's role in powering the economy, even as mounting political pressure raises fears over the central bank's independence.
The muni credit market has experienced headwinds this year, including "potential federal funding cuts, the impact of tariffs and sector-specific pressures," said Goldman Sachs (GS) strategists
Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.4%. The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%. In ec...
Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.4%. The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%. In co...
Scotiabank on Monday provided a reminder of its 'Canadian Rates Outlook 2026', published earlier in December, in which it said that it expects the Bank of Canada to keep interest rates on hold at 2.25% over the first half of 2026 before switching its attention to implementing 50bps of policy tightening over the second half of it.
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.5%. The Philadelphia Housing Index fell 0.8%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.2% at $87,494, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.11%. In...
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.5%. The Philadelphia Housing Index fell 0.8%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was up 0.2% at $87,719, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.11%. In c...
Moody's Ratings upgraded the Rhode Island Airport Corporation's airport revenue bonds for Providence's T.F. Green International Airport to A3 from Baa1.
The Federal Home Loan Bank of Indianapolis today announced a new program to resolve and prevent ongoing heirs? property issues in Indiana. This announcement follows a December 2024 report and subsequent policy briefs published by FHLBank Indianapolis and Black Onyx Management.
The European Central Bank's cutting cycle had a clear target in view, which was reaching neutral, said Morgan Stanley. The rate cut in June got the ECB there, noted the bank. More ECB easing only comes with much weaker data. Morgan Stanley thinks that such data will arrive in time for the March 2026 policy meeting.
Moody's Moody's Ratings said Monday it placed Janus Henderson Group's Baa2 long-term issuer rating and Janus Henderson US' Baa2 backed senior unsecured debt ratings on a review for downgrade status following the $7.4 billion acquisition offer of Trian Fund Management and General Catalyst. Previous outlooks on Janus Henderson (JHG) were positive, according to the ratings agency.
Canadian real gross domestic product contracted by 0.3% month over month in October, as expected, said Rosenberg Research after last week's GDP release. The really big disappointment came from the various components, as the weakness transcended economic disruptions from strike-related activity in the civil service and maintenance dislocation in the resource sector, noted Rosenberg Research.
US equity investors will look out for the Federal Reserve's latest meeting minutes this week to evaluate market expectations for continued policy easing next year, while keeping an eye on market leadership change and a blistering precious metals rally. * The Federal Open Market Committee meeting minutes are due Tuesday.
The Canadian economy contracted 0.3% in October after a run of soft data in the month, said Bank of Montreal after last week's gross domestic product data. Manufacturing output was down 1.5% month over month across a wide range of industries -- including those with high trade exposure to the United States, noted the bank.
Asian stock markets were mixed on the downside Monday, as traders weighed possible tightening by the Bank of Japan and as soft industrial profits report from Beijing. Hong Kong, Shanghai and Tokyo finished in the red, while other regional exchanges were mixed but with gains in Seoul and Taiwan.
Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index dropping 0.2% and the State Street Financial Select Sector SPDR ETF declining 0.3%. The Philadelphia Housing Index eased 0.3%, and the State Street Real Estate Select Sector SPDR rose 0.1%. Bitcoin fell 0.1% to $87,703, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, a Co...
Financial stocks fell in Friday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each dropping 0.4%. The Philadelphia Housing Index lost 0.5%, and the State Street Real Estate Select Sector SPDR eased 0.2%. Bitcoin fell 1.1% to $87,251, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, JPMorgan Chase (JPM) froz...
Financial stocks fell in Friday afternoon trading with the NYSE Financial Index dropping 0.3% and the State Street Financial Select Sector SPDR ETF declining 0.4%. The Philadelphia Housing Index lost 0.4%, and the State Street Real Estate Select Sector SPDR eased 0.2%. Bitcoin rose 0.1% to $87,317, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, JPMorgan (JPM) ...
An election year for Congress adds a deadline clock to questions about budget reconciliation, tax policy, and politics while bond issuers ponder challenges and opportunities.
BERLIN, MD / ACCESS Newswire / December 26, 2025 / Calvin B. Taylor Bankshares, Inc. (TYCB), the holding company of Calvin B. Taylor Bank, today reported net income for the third quarter 2025 of $4.2 million, or $1.53 per share compared to net income of $3.9 million, or $1.42 per share for the second quarter of 2025, and net income of $3.7 million, or $1.37 per share for the third quarter of 2024.
"A stagnant yield curve is resulting from supply having wound down and munis drawing steadiness from a likewise calm UST market," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Financial stocks were advancing in recent Wednesday trading, with the NYSE Financial Index up 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index rose 0.9%, and the State Street Real Estate Select Sector SPDR ETF fell 0.6%. Bitcoin was shedding 0.1% to $87,358, and the yield for 10-year US Treasuries decreased 3 basis points to 4.14%. In econom...
The municipal advisor area "remains a heavy focus of both the commission's Division of Examinations as well as the Division of Enforcement," Andrew Kintzinger, counsel at Hunton Andrews Kurth, said.
US equity indexes rose ahead of the close on Wednesday amid better-than-expected jobless claims data, as markets prepare for an early close. The Nasdaq Composite climbed 0.2% to 23,609.6, with the S&P 500 up 0.3% to 6,932.8 and the Dow Jones Industrial Average 0.5% higher at 48,715.1. Consumer staples and real estate were among the top gainers.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.18%. ?The average 30-year fixed-rate mortgage decreased further this week,? said Sam Khater, Freddie Mac?s Chief Economist.
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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