The US Q3 current account deficit narrowed to $226.40 billion from a revised $249.22 billion in the previous quarter, compared with expectations of a $238.0 billion deficit from a survey compiled by Bloomberg. The narrower current account deficit reflected a smaller goods and services gap, a return to a surplus for primary income and smaller secondary income gap.
The US Producer Price Index rose by 0.2% in November following a 0.1% increase in October, as expected in a survey compiled by Bloomberg. Energy prices rose by 4.6% in the month, while food prices were flat. After excluding food and energy prices, core PPI were flat, below the 0.2% gain expected and following a 0.3% gain in the previous month.
US retail sales rose by 0.6% in November, a faster gain than the 0.5% increase expected in a survey compiled by Bloomberg and following the previous month's 0.1% decline. Excluding a 1% increase in motor vehicle sales, retail sales were still up 0.5% compared with an expected 0.4% gain.
Mount Logan Capital Inc. (MLCI) today announced the commencement of a registered underwritten public offering of senior unsecured notes. The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol ?MLCIL? and to trade thereon within 30 days from the original issue date.
The US dollar fell against its major trading partners early Wednesday ahead of a busy economic data release schedule that starts with the producer price index and retail sales data for November and current account data for Q3, all at 8:30 am ET. Existing home sales data for December and business inventory data for October are both due to be released at 10:00 am ET.
Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.
USD/JPY hit an intra-day high of 159.45 earlier Wednesday -- the last time this level was hit was also an intra-day high back on July 12, 2024, the last day that Japan's ministry of finance intervened to buy yen, said MUFG.
Societe Generale in its early Wednesday economic news summary: -- Bond yields rangebound after below forecast United States core consumer price index, Federal Reserve pricing unchanged. -- Greenland: Secretary of State Rubio meets Danish and Greenlandic foreign ministers on Wednesday at White House. -- China's December trade surplus climbs to $114.1 billion, exports up 6.6% year over year.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Greed? zone on Tuesday. U.S. stocks settled lower on Tuesday, with the Dow Jones index falling almost 400 points during the session. The Consumer Price Index rose 2.7% year over year in December, matching both the prior reading and economist estimates.
Antero Resources (AR) said late Tuesday it priced an offering of $750 million of 5.4% senior unsecured notes due in 2036 at 99.869% of the principal amount. The company expects to receive approximately $743 million in net proceeds after accounting for expenses and underwriter discounts, it said.
Fifth Third Bancorp (FITB) and Comerica (CMA) said late Tuesday that the Federal Reserve Board has approved their pending merger. The transaction is expected to close Feb. 1, with the combined company set to become the ninth-largest US bank with about $290 billion in assets and operations. Full system and brand conversions are expected later in the year, the companies said.
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.
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...
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...
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.
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.
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...
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...
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.
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.
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.
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.
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.
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.
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.
Canada's December Labour Force Survey posted a net 8,000 gain in jobs following six months of double-digit swings, said Bank of Montreal. The softer increase in jobs was coupled with an uptick in labor force participation, driving the jobless rate three tenths higher to 6.8%. Looking through the monthly volatility, the labor market had a 'so-so' year, noted the bank.
Performance Shipping Inc. (PSHG), a global shipping company specializing in the ownership of tanker vessels, announced that it has successfully placed a USD 50 million tap issue in its outstanding senior secured bond due July 17, 2029, with ISIN: NO0013607028, paying a fixed coupon of 9.875% per annum, payable semi-annually in arrears.
Editor?s note: This article was updated to add more detail and context. Inflation held steady in December, with fresh data showing price pressures remained firm above the Fed?s 2% target but failed to accelerate into year-end. The Consumer Price Index rose 2.7% year over year in December, according to data released Tuesday by the Bureau of Labor Statistics.
The U.S. Consumer Price Index came in roughly in line with expectations as market participants largely expects the Fed to leave interest rates unchanged at the January meeting.
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, according to data released Tuesday by the Bureau of Labor Statistics. November percent changes are unavailable due to missing data in October resulting from the federal government shutdown.
Inflation held steady in December, with fresh data showing price pressures remained firm above the Fed?s 2% target but failed to accelerate into year-end. The Consumer Price Index rose 2.7% year over year in December, according to data released Tuesday by the Bureau of Labor Statistics. On a monthly basis, consumer prices increased 0.3%, also in line with forecasts.
DeFi Development Corp. (DFDV), the first public company with a treasury strategy built to accumulate and compound Solana, today announced that it has partnered with Solstice to deploy a portion of its onchain treasury through Solstice?s institutional-grade YieldVault.
via IBN ? Beeline Holdings, Inc. (BLNE), a digital mortgage lender offering conventional mortgage products and alternative mortgage solutions for borrowers who do not meet traditional underwriting standards, alongside home equity products leveraging blockchain-enabled technology, commends President Trump's announcement that Freddie Mac and Fannie Mae will purchase $200 billion in mortgage-backed secur...
The Bank of Korea is expected to stay on hold for a fifth straight meeting on Thursday at a base rate of 2.5%, said Scotiabank. In late December, the BoK and South Korea's ministry of economy and finance issued a joint statement addressing the weakness of the won and outlined measures to stabilize the foreign-exchange market, noted the bank.
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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