Richmond Federal Reserve President Tom Barkin on Tuesday called December's inflation data "encouraging," though he?noted inflation often spikes at the start of the year and said he hopes it will come in at modest levels for the next couple of ?months.
The U.S. Federal Reserve announced ?on Tuesday ?it had ?approved the ?acquisition ?of regional lender ?Comerica ?by Fifth Third, an ?all-stock deal ?valued ?at $10.9 billion that would create ?the nation's ninth-largest lender. The deal was originally ?announced ?in October, and ?would mark the largest bank deal of the year.
Charter Communications (CHTR) reported late Tuesday the closing of $3.0 billion of senior unsecured notes. The notes comprised of a $1.75 billion of 7.0% senior notes due 2033 and $1.25 billion of 7.375% senior notes due 2036, it said. MT Newswires does not provide investment advice.
Major US equity indexes closed lower Tuesday as investors weighed bank earnings and December inflation data. * The consumer price index rose 2.7% in December from a year earlier, matching November's annual increase and meeting expectations.
"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.
Burford Capital (BUR) priced its upsized $500 million private offering of 8.5% senior secured notes due 2034, issued by its Burford Capital Global Finance subsidiary. Proceeds will be used to redeem Burford Capital PLC's 5% notes due 2026 and for general corporate purposes, the company said Tuesday in a statement. The offering, initially announced at $450 million, is expected to close Thursday.
* JPMorgan Chase (JPM) beats estimates for Q4 profit. * Delta Air profit forecast disappoints. * December CPI rises 2.7% YoY. By Caroline Valetkevitch. U.S. stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan (JPM) executives added to ?worries about U.S. President Donald Trump's recent proposal for a cap on credit-card rates.
The criminal investigation into the Fed chair has reinforced the case for diversifying holdings beyond the United States for some investors as they worry about the ongoing independence of the central bank, even though many saw the move against Jerome Powell as an opening shot that could end up being more bark than bite.
Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.9%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.6%. Bitcoin gained 3.5% to $94,374, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In econo...
NEW YORK, Jan. 13, 2026 Burford Capital Limited (BUR), the leading global finance and asset management firm focused on law, today announces the pricing of its private offering of $500 million aggregate principal amount of 8.500% senior notes due 2034 by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, which represents an increase from the previously announced offering size.
Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.9%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.6%. Bitcoin gained 3.5% to $94,374, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In corpo...
* Financials drag stocks lower on credit card warning. * Gold hits fresh record on rate cut bets, safe haven demand. * Oil surges on Iran troubles. * JPMorgan (JPM) starts a week of bank earnings. By Isla Binnie and Amanda Cooper.
President Donald Trump used a Michigan stage Tuesday to escalate pressure on the Federal Reserve while pitching tariffs as the engine behind a revival in auto jobs and factory investment.
* CPI rose 0.3% in December, matching expectations. * Fed rate cut expectations remain largely unchanged. * Musalem says no reason near-term for further rate cuts. By Chuck Mikolajczak. U.S. Treasury yields declined on Tuesday, after a reading on inflation for December came in as expected and kept intact market expectations for the path of rate cuts from the Federal Reserve this ?year.
The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.22 million annual rate in December, based on a survey compiled by Bloomberg, after rising by 0.5% to a 4.13 million rate in November. Existing-home sales were at a 4.29 million rate in December 2024, so the year-over-year change would be negative.
St. Louis Fed President Alberto Musalem said at an MNI Webcast that he believes there is no reason for further rate reductions in the near-term and that monetary policy is well positioned to act as needed.
U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration ?said in its Short-Term Energy Outlook on Tuesday. EIA projected dry gas production will ?rise from a record 107.4 billion cubic feet per ?day in 2025 to 108.8 bcfd in ?2026 and 109.7 ?bcfd in 2027.
Classiq, the leading quantum computing software company, today announced it will attend the World Economic Forum Annual Meeting 2026 in Davos-Klosters, Switzerland, and will participate in Davos Innovation Week on January 19, 2026.
Financial stocks declined in Tuesday afternoon trading with the NYSE Financial Index falling 1.1% and the State Street Financial Select Sector SPDR ETF dropping 1.6%. The Philadelphia Housing Index was little changed, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin gained 2.3% to $93,277, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In eco...
Even as President Donald Trump has laid out clear markers as to what he expects for his upcoming selection as Federal Reserve chair, some current central bankers remain confident that whoever gets the job will stick to the Fed's mission in part as the weight of responsibility becomes clear to the new leader.
* Fed officials confident new chair will uphold mission despite Trump's pressure. * Williams and Musalem emphasize importance of Fed's independence and mission. * Trump's attacks on Fed include threats and legal actions against Powell. By Michael S. Derby and Howard Schneider.
Financial stocks declined in Tuesday afternoon trading with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF dropping 1.8%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF shed 0.3%. Bitcoin rose 2.3% to $93,277, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In corporate new...
Bank?Leumi is the first bank in Israel to issue covered bonds abroad ? an innovative debt instrument with significantly lower funding costs than standard corporate bonds. TEL AVIV, Israel, Jan. 13, 2026 /PRNewswire/ -- Bank?Leumi has raised approximately EUR 750 million following the issuance of covered bonds to European investors, with record demand of approximately EUR 4.6 billion.
The Trump administration's decision to open a criminal investigation into the head of the Federal Reserve has intensified fears about the independence of the U.S. central bank, the top policymaking body for the world's biggest economy. President Donald Trump has criticised the Fed and its chair, Jerome Powell, for not lowering interest rates fast enough.
German Bunds followed United States Treasuries higher after the release of December U.S. consumer price index data to close the day little changed on a relatively quiet Tuesday for eurozone economic news, said Daiwa Capital Markets. Wednesday will bring a brief pause to the eurozone economic dataflow, noted the bank.
The Dow Jones Industrial Average was down, the S&P 500 was roughly flat and the Nasdaq Composite was up in late-morning trading Tuesday, as investors digested the latest batch of inflation data. The Bureau of Labor Statistics said the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.3% in December, right on expectations in a survey compiled by Bloomberg.
* Stocks mixed after inflation data. * Dollar pares gains. * Oil surges on Iran troubles. * Earnings season kicks off with big US banks. By Isla Binnie and Amanda Cooper.
* Powell threatened with indictment over Fed renovation testimony. * Statement in support of Fed chief signed by 11 central bank peers. * Trump again demands big Fed rate cut, says he'll name Powell's successor in weeks. * Latest move could have 'reverse consequences,' JPMorgan's Dimon warns. * Top Senate Republican says probe of Fed 'had better be legit' By Balazs Koranyi and Manya Saini.
Euro zone bond yields edged up on Tuesday, after reversing Monday's drop, as central bank chiefs lined up in support of Federal Reserve Chair Jerome Powell after the Trump administration threatened him with a criminal prosecution. Easing some concerns around the Fed's independence, ?the Trump administration's move was also criticised by key members of the president's Republican Party.
The United Kingdom is scheduled to publish the November gross domestic product Thursday, said Deutsche Bank. After a disappointing start to Q4, the bank expects some rebound in November. The bank will also be looking for any upward revisions to either the September or October GDP prints. Deutsche Bank estimates November GDP to have expanded -- although marginally.
President Donald Trump welcomed December inflation figures released on Tuesday, saying they supported his push for Federal Reserve ?chair Jerome Powell to cut interest rates. The closely ?watched core CPI year-on-year figure came ?in at 2.6%, less than the ?2.7% ?markets had expected. "We have very low inflation.
Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.
Federal Reserve officials are hedging about how much rising productivity will help return inflation to the U.S. central bank's 2% target, reiterating this week they need to keep interest rates at current levels until it becomes clearer that price pressures will ease.
Inflation looked stable in December, but a closer look at the CPI revealed that several everyday costs continued to rise fast enough to keep household budgets under pressure ? particularly housing, food and utilities. The Consumer Price Index rose 2.7% year over year in December, unchanged from November and in line with estimates, according to the Bureau of Labor Statistics.
* Yen tumbles on Japan's fiscal spending concerns. * Fed has more room to cut rates amid inflation data. * Traders watch for possible yen intervention by Japan. By Karen Brettell.
US consumer inflation held steady year over year last month, while core prices grew less than projected, government data showed Tuesday. The consumer price index rose 2.7% annually in December, unchanged from November's year-over-year change, the Bureau of Labor Statistics reported. "Inflation remained steady in December," TD Economics Senior Economist Leslie Preston said in a note.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb?, and the Vietnam National Scale Rating of aaa.VN of Post-Telecommunication Joint Stock Insurance Corporation.
U.S. consumer prices increased in December, lifted by higher costs for rents and food as some of the distortions related to the government shutdown that had artificially lowered inflation in November unwound, cementing expectations the Federal Reserve would leave interest rates unchanged this month.
Leading central bankers from Europe to Asia have voiced firm support for Federal Reserve Chair Jerome Powell, backing his defense of monetary independence as the U.S. Justice Department ramps up its investigation into his congressional testimony.
* World Bank sees global GDP growth at 2.6% versus 2.7% in 2025. * Growth forecasts slightly above global lender's June 2025 predictions. * World Bank says gains concentrated in wealthy countries, growth too slow to reduce extreme poverty. By David Lawder.
Brazil's central government ended 2025 with a primary deficit equivalent to ?0.48% of gross domestic product, ?Finance Minister Fernando Haddad said ?on Tuesday, citing a ?figure ?that includes court-ordered payments.
GFL Environmental (GFL) on Tuesday said it is planning to start a private offering of US$1 billion of senior notes due 2034. The company said the notes will be issued by its wholly owned U.S. unit and will be guaranteed by GFL and certain of its other units.
President Donald Trump welcomed December inflation figures released on Tuesday, saying they supported his push for Federal Reserve chair ?Jerome Powell to cut interest rates. The closely watched ?core CPI year-on-year figure came in at ?2.6%, less than the 2.7% ?markets ?had expected. "We ?have very low inflation.
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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