AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Element Insurance Company. The ratings reflect Element?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
The U.S. Bureau of Economic Analysis said on Wednesday it would use an average of September and November Consumer Price Index data ?to produce October estimates for the inflation measures tracked ?by the Federal Reserve for monetary policy.
The U.S. Bureau of Economic Analysis said on Wednesday it would use an average of September and November Consumer Price Index data ?to produce October estimates for the inflation measures tracked ?by the Federal Reserve for monetary policy.
US equity indexes closed mixed on Wednesday, with the S&P 500 and the Dow Jones Industrial Average retreating from record levels amid a sharp sell-off in utilities, industrials, and materials, as well as a worsening geopolitical crisis.
Installed Building Products (IBP) priced $500 million of 5.625% senior unsecured notes due 2034. Net proceeds will be used to fund the conditional redemption in full of 5.75% senior unsecured notes due 2028, to pay redemption and offering-related expenses, and for general corporate purposes, the company said Wednesday in a statement. MT Newswires does not provide investment advice.
Brazil posted a foreign exchange outflow of around $33.3 ?billion in 2025, the ?largest since 2019, preliminary data ?from the ?central ?bank showed on Wednesday. * The outflow ?grew from ?the nearly $18.6 billion deficit recorded in 2024. * ?The movement ?was ?driven mainly by financial flows, where net outflows came ?in at around $82.5 billion.
Surprisingly, the expected surge in net supply last year did not elicit a major repricing in the muni market, said Pat Luby, head of municipal strategy at CreditSights.
Financial stocks were decreasing in late Wednesday trading, with the NYSE Financial Index down 1% and the State Street Financial Select Sector SPDR ETF falling 1.3%. The Philadelphia Housing Index dropped 2.7%, and the State Street Real Estate Select Sector SPDR ETF shed 0.9%. Bitcoin was declining 3% to $90,869, and the yield for 10-year US Treasuries fell 4 basis points to 4.14%. In economic ...
Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index down 1% and the State Street Financial Select Sector SPDR ETF falling 1.3%. The Philadelphia Housing Index dropped 2.7%, and the State Street Real Estate Select Sector SPDR ETF shed 0.9%. Bitcoin was declining 3% to $90,869, and the yield for 10-year US Treasuries fell 4 basis points to 4.14%. In...
University Park joined four other cities in placing measures on the May 2 ballot asking voters to decide whether to withdraw from Dallas Area Rapid Transit.
* Mixed economic data ahead of December jobs report. * Fed weighs labor market against inflation concerns. * Supreme Court decision on tariffs could impact markets. By Karen Brettell. U.S. Treasury yields fell on Wednesday in choppy trading as traders evaluated economic releases showing a mixed picture on the U.S. economy ahead of Friday's highly anticipated jobs report for December.
The US services sector expanded for a third straight month in December, reaching its highest reading of 2025, aided by strength in demand and a rebound in employment, the Institute for Supply Management said Wednesday. The ISM's purchasing managers' index rose to 54.4 last month from 52.6 in November.
AM Best has downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Rating to ?bb-? from ?bb? of Mountain Life Insurance Company. The ratings reflect Mountain Life?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.8% and the State Street Financial Select Sector SPDR ETF falling 1.2%. The Philadelphia Housing Index dropped 1.8%, and the State Street Real Estate Select Sector SPDR ETF shed 0.4%. Bitcoin was declining 2.7% to $91,226.13, and the yield for 10-year US Treasuries was falling 4 basis points to ...
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.8% and the State Street Financial Select Sector SPDR ETF falling 1.2%. The Philadelphia Housing Index dropped 1.8%, and the State Street Real Estate Select Sector SPDR ETF shed 0.4%. Bitcoin was declining 2.7% to $91,226.13, and the yield for 10-year US Treasuries was falling 4 basis points to ...
* STOXX 600 closes flat. * Oil prices slide after US strikes deal. * German unemployment rate rises in December. By Niket Nishant and Pranav Kashyap. European stocks ended flat on Wednesday, snapping a run of record closes as investors paused to digest the latest U.S.-Venezuela developments and sifted through a fresh batch of economic data.
* Audit court needs more time to assess if liquidation justified. * Review of central bank documents seen taking about 30 days. * Investors awaiting potential payouts from deposit guarantee fund. By Ricardo Brito.
A Unified Board Driving Economic Growth, Job Creation, and Long-Term Investment. LAS VEGAS, Jan. 7, 2026 The Las Vegas Global Economic Alliance announced The Las Vegas Global Economic Alliance announced its 2026 Board of Directors, welcoming new members and confirming the full board slate, approved during the LVGEA Board of Directors Annual Meeting on November 6, 2025.
Platte County, Missouri, formally withdraws from public financing of a shopping center that sparked court battles after its sales tax revenues began to falter.
German 10-year bond yields dropped to their lowest in a month on Wednesday, helped by lower oil prices a day after cooler inflation in key European economies suggested the European Central Bank need not rush to raise rates. Tuesday's data helped set the tone, ?including numbers showing inflation slowed more than expected in some of the euro zone's biggest economies last month.
Brazil's federal audit court does not have authority to overturn a central bank decision to liquidate lender Banco Master and needs more time to assess whether the move was justified, the court's head Judge Vital do Rego said on Wednesday.
Canadian economic activity expanded in December as employment increased at the ?fastest pace in 10 months, Ivey ?Purchasing Managers Index data ?showed on Wednesday. The seasonally ?adjusted ?index rose to 51.9 last ?month from 48.4 ?in November.
The Institute for Supply Management's US services index rose to a reading of 54.4 in December from 52.6 in November, compared with expectations for a decrease to a reading of 52.2 in a survey compiled by Bloomberg. The ISM's reading is contrast with most of regional Federal Reserve bank measures.
CHICAGO, Jan. 7, 2026 ?Ziegler, a national boutique investment bank, is pleased to announce the successful closing of the Series 2025 Bond Anticipation Notes for the benefit of The Sanctuary at Village On The Isle LLC.
Business Activity Index at 56%; New Orders Index at 57.9%; Employment Index at 52%; Supplier Deliveries Index at 51.8% TEMPE,?Ariz. ? Services Business Survey Committee: "In December, the Services PMI??registered a reading of 54.4 percent, 1.8 percentage points higher than the November figure of 52.6 percent and a third consecutive month of expansion.
NEW YORK, Jan. 7, 2026 Global X Management Company LLC, the New York-based provider of exchange-traded funds, today announced the launch of the Global X Zero Coupon Bond suite of six ETFs. Each ETF in the Zero Coupon Bond suite will primarily invest in a basket of zero coupon U.S. Treasury STRIPS that mature between January 1 and November 30 of a specific year from 2030 to 2035.
Top 100 Companies Recognized for Outperforming Peers in Industrial Productivity Growth LNS Research has released its study announcing the World?s Most Productive Companies? for 2025. The analysis, based on LNS Research?s Industrial Productivity Index?, represents the most comprehensive quantitative study of productivity performance across 10 industries and 90+ peer groups.
Market Intelligence analyst Jeff Lipton, in the second installment of his three-part 2026 outlook series, maps out quality-centric portfolio shifts, barbell and long-end strategies, and sector tilts across hospitals, higher education and housing as record supply and net inflows drive the muni market.
Warburg Pincus Financial Sector III exceeds initial target, reflecting strong support for the firm's Financial Services strategy and compelling set of investment opportunities NEW YORK, Jan. 7, 2026 /PRNewswire/ -- Warburg Pincus, the pioneer of global growth investing, today announced it has successfully raised Warburg Pincus Financial Sector III, L.P., closing on $3.0 billion of capital.
Eurozone core consumer price index slipped to 2.3% year over year in December, down a tick from the prior month but still rangebound with 2.3%-2.4% readings since May, said Scotiabank after Wednesday's CPI release. The euro ignored the data, noted the bank. Eurozone government bonds were rallying before the release and ignored it too, stated Scotiabank.
U.S. private payrolls rebounded less than expected in December, the ADP's national employment report showed on Wednesday. Private employment increased by 41,000 jobs last month after a revised ?decrease of 29,000 in November. The ADP report is jointly developed ?with the Stanford ?Digital Economy Lab.
ADP's monthly measure of private payrolls showed a 41,000 increase in December, below expectations compiled by Bloomberg for an increase of 50,000. The December gain followed an upwardly-revised 29,000 jobs decrease in November. By sector, goods-producing jobs fell by 3,000, while service-providing jobs were up 44,000, education and health services jobs up 39,000.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, plans to offer, subject to market and other conditions, senior notes in a registered public offering. Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and UBS Investment Bank are the joint book-running managers for the offering of the notes.
ROSELAND, N.J., Jan. 7, 2026 Private sector employment increased by 41,000 jobs in December and pay was up 4.4 percent year-over-year according to the December ADP National Employment Report? produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
BairesDev?, a nearshore software development company serving Fortune 500 and enterprise organizations, has been named an Associate Partner of the World Economic Forum, capping a year of enterprise expansion marked by client growth, continued hiring, and sustained demand for AI-driven, distributed software delivery.
* India's GDP growth expected to surpass initial forecasts, driven by government spending. * Modi's reforms counter U.S. tariffs, boost economic resilience. * Private consumption and investment to show strong year-on-year growth, stats office says. By Shivangi Acharya and Nikunj Ohri.
NEW YORK, Jan. 7, 2026 Compass, Inc. (COMP) announces that it intends to offer, subject to market and other conditions, $750.0 million in aggregate principal amount of convertible senior notes due 2031 in a private offering. About Compass Compass is a leading tech-enabled real estate services company that includes the largest residential real estate brokerage in the United States by sales volume.
Germany's 10-year bond yield dropped to its lowest in a month on Wednesday, helped by lower oil prices a day after cooler inflation in key European economies suggested the European Central Bank need not rush to raise rates.
Societe Generale in its early Wednesday economic news summary pointed out: -- Bonds maintain overnight bid after Brent slips below $60/barrel, Australia's consumer price index below forecast. -- Australia's November CPI eases to 3.4% year over year from 3.8% in October, core slows to 3.2%. Reserve Bank of Australia on hold in February with +9bps priced in, asks SocGen.
Charter Communications (CHTR) said late Tuesday its CCO Holdings and CCO Holdings Capital units priced a $3 billion senior unsecured notes offering at par. The offering comprises $1.75 billion of 7% notes due 2033 and $1.25 billion of 7.375% notes due 2036. The company expects the offering to close Jan. 13 and plans to use the net proceeds for general corporate purposes.
* Lenders including Bank of China agree to defer interest payments to September, say sources. * Change quarterly payments to annual payments, say sources. * Vanke missed a December loan interest payment, say sources. * Vanke's new interest arrangement highlights efforts to prevent default.
Germany's 10-year bond yield dropped to its lowest in a month on Wednesday a day after cooler inflation in key European economies suggested the European Central ?Bank need not rush to raise rates.
* Lenders including Bank of China agree to defer interest payments to September, say sources. * Change quarterly payments to annual payments, say sources. * Vanke missed a December loan interest payment, say sources. * Vanke's new interest arrangement highlights efforts to prevent default.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 13,962,578.77. POOL FACTOR.
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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