Federal Reserve Gov. Stephen Miran said he doesn't "really buy" the view that a potential indictment of Fed Chair Jerome Powell would affect the central bank's monetary policy.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin was increasing 2% to $97,288, and the yield for 10-year US Treasuries was falling 3 basis points to 4.14%....
Existing home sales in the US rose to the highest in nearly three years in December amid lower mortgage rates, data from the National Association of Realtors showed Wednesday. Sales increased 5.1% sequentially to a seasonally adjusted annual rate of 4.35 million units last month.
iShares Silver Trust (SLV) shares are trading higher on Wednesday. What To Know: Powell revealed in a video posted Sunday night that the Federal Reserve has received grand jury subpoenas, calling them threats of criminal indictment tied to his congressional testimony about the Fed's $2.5 billion headquarters renovation.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin was increasing 2% to $97,288, and the yield for 10-year US Treasuries was falling 3 basis points to 4.14%....
US retail sales rose more than projected in November as outlays on motor vehicles and at fuel stations turned positive, delayed government data showed Wednesday. Sales grew 0.6% sequentially in November, following a 0.1% decrease the previous month, the Census Bureau said. The report was delayed due to a 43-day federal government shutdown that ended in November.
Bank of Canada resumed routine Canada T-Bill purchases in December to keep pace with currency growth and maturing bonds, aiming to restore a balanced mix to its bond-heavy balance sheet, said Desjardins.
Panelists diverged sharply on the outlook for 2026 at the Executives' Club of Chicago's Annual Economic Outlook panel, held at a hotel in Chicago's Loop.
Angola's central bank Wednesday said its Monetary Policy Committee decided to cut the policy rate by 100bps to 17.50%. MT Newswires does not provide investment advice.
Government of Canada bonds cheapened on a cross-market basis after the Bank of Canada suggested that the easing cycle is now in the rearview mirror, said National Bank of Canada. The have gained back some ground recently, however, as incoming data in the United States and Canada has spilled over to performance across the curve, noted the bank.
The Council of Federal Home Loan Banks today highlighted?new independent research by the Urban Institute, a nationally respected, nonpartisan think tank based in Washington, D.C., demonstrating the strong connection between increases in Federal Home Loan Bank advances and growth in housing and community lending.
Existing-home sales increased by 5.1% in December, according to the National Association of REALTORS? Existing-Home Sales report. Month-over-month sales increased in all regions. ?2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales,? said NAR Chief Economist Lawrence Yun. ?Inventory levels remain tight,? Yun added.
The pace of US existing home sales rose by 5.1% to a 4.35 million seasonally adjusted annual rate in December from 4.14 million in November, compared with an expected increase to a 4.22 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Wednesday showed.
National Bank of Canada (NTIOF) said Wednesday that it has opened an office in the Dubai International Financial Centre, United Arab Emirates, to "serve as a platform to support Canadian clients pursuing business opportunities in the Middle East". Ali Fares, managing director and head, Middle East and North Africa capital markets, has relocated to Dubai to lead the Bank's regional presence there.
Fortinet?, the global cybersecurity leader driving the convergence of networking and security, today announced its return to the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, from January 19?23, 2026.
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...
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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