The measure would fund 40,000-plus homes to address the state's persistent supply gap, supporters say. Time is tight to qualify it for the June election.
Canada started 2025 with moderate optimism on the housing market with the expectation it would benefit from the easing in the Bank of Canada policy rate since the summer of 2024, along with the resulting decline in mortgage rates, said Scotiabank. The bank was also expecting economic and income conditions to firm up in 2025, which would have added support to housing demand.
White House adviser ?Kevin Hassett played down the ?federal criminal investigation ?into Federal ?Reserve Chair Jerome Powell ?on Friday, ?saying he expected there would be nothing ?to see. The ?Fed ?investigation is a simple request for information which ?should come shortly then will move forward, Hassett said in an interview with ?Fox ?Business Network.
SAN FRANCISCO, Jan. 16, 2026 The 44th?J.P.Morgan Healthcare Conference was successfully held in San Francisco, the United States, from January 12 to 15. A Global Biopharmaceutical Vision Toward 2030 Building on its expanding innovation pipeline and accelerating global footprint, Dr. Zhu shared Henlius' mid-to-long-term vision as a global biopharmaceutical company.
AUO announced today that its Suzhou Fab has been recognized by the World Economic Forum?s Global Lighthouse Network in the Talent category, becoming the first in the global display industry to receive this honor. Paul Peng, Chairman of AUO said: "As manufacturing races ahead in digitalization and workforce transformation, competitiveness hinges on talent and technology advancing together.
Sterling rose on Friday, and was set for its fifth consecutive weekly rise against the euro, after data this week showed that the British economy grew more strongly than expected ?in November. The pound was up 0.13% to $1.3402. It was on track for a ?0.3% weekly rise, after two consecutive weekly declines.
Canada's data run isn't that encouraging this week, with housing remaining soft in December, while manufacturing and wholesale volumes were weak in November, said Bank of Montreal. Emphasizing the first theme is an expected decline in December housing starts at 8:15 a.m. ET on Friday, noted the bank.
Brazil's IBC-Br economic activity index gained 0.7% in November from the previous ?month, the central bank said on Friday, beating ?the 0.3% expansion expected by economists ?in a Reuters poll. * The ?index ?is a proxy for gross domestic product based ?on central bank ?estimates for agriculture, industry and services, as well as production-related ?taxes.
EverGen Infrastructure (EVGIF) late Thursday announced the closing of its previously announced $13 million asset-level debt facility with Farm Credit Canada through its wholly owned subsidiary Fraser Valley Biogas, the repayment of the majority of the company's corporate debt facility, and the closing of the second tranche of its previously announced non-brokered private placement for gross proceeds of...
Mount Logan Capital Inc. (MLCI) today announced that it has priced its previously announced underwritten public offering of $40.0 million in aggregate principal amount of 8.00% senior unsecured notes due 2031. The offering is expected to close on January 26, 2026, subject to customary closing conditions.
Wall Street indexes ended with modest weekly losses on Friday in spite of strong earnings in tech and banking, while the U.S. dollar stood firm near a six-week high as President Donald Trump suggested he might not name his expected candidate, a rate-cutting advocate, as Federal Reserve chair. Gold slowed after a roaring ride on safe haven demand.
* Powell could stay on as a Fed governor for two more years. * Criminal indictment threat may influence his decision. * Powell could become swing vote if he stays on Fed board. By Howard Schneider. At 72, U.S. Federal Reserve Chair Jerome Powell has grandkids to play with, a golf game to get back to and a tune or two to master on the guitar.
Mitsubishi UFJ Financial Group (MUFG) said Thursday that the Federal Reserve Bank of New York has designated its registered broker-dealer, MUFG Securities Americas, as a primary dealer. The company said MUFG Securities Americas, as a primary dealer, will serve as a trading counterparty with the New York Fed. MT Newswires does not provide investment advice.
* Stocks up 0.5%, FX down 0.1% * Poland's 2025 deficit lower than planned. * IMF plans $8.1 billion lending program for Ukraine- Georgieva. * EM equity funds see record inflows of $9.7 bln - J.P.Morgan. * Lebanon's international bonds near six-year highs. By Ragini Mathur and Twesha Dikshit.
Markets will have a lot to ponder in the coming week as January's hectic start continues apace, with U.S. President Donald Trump's appearance at the World Economic Forum in Davos taking centre stage. The ongoing battle for control at the Federal Reserve will also head to the Supreme Court and the Bank of Japan meets, with a possible snap election on the horizon.
Euro area benchmark Bund yields were set to end the week little changed, having tracked mixed movements in U.S. Treasuries through the week on ?conflicting signals about the U.S. economy. Germany's 10-year yields were up 0.5 ?basis points at 2.82%, on track for a 0.5 ?bps weekly decline. The spread between U.S. Treasuries and Bunds was at 135 bps and set for a weekly gain of 3 bps.
* Asia shares upbeat on renewed AI optimism. * Geopolitics loom large, Trump adopts wait-and-see posture on Iran. * Dollar gains as traders trim Fed cut expectations. By Rae Wee. Asian stocks advanced on Friday as the artificial intelligence boom regained momentum, while the dollar held near a six-week high after upbeat U.S. economic data left traders trimming bets on Federal Reserve rate cuts.
BridgeBio Pharma, Inc. (BBIO), a new type of biopharmaceutical company focused on genetic diseases, announced today the pricing of $550 million aggregate principal amount of 0.75% convertible senior notes due 2033 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank's headquarters.
(Corrects paragraph 16 to say June. Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank's headquarters.
* U.S. economic data delays Fed rate cut expectations. * Japanese markets brace for snap election and central bank policy meeting. * ECB chief economist Lane warns of potential shocks affecting rate policy. By Rocky Swift.
Australia's Treasurer on Friday threw his support behind the head of the country's central bank for standing in solidarity with embattled Federal Reserve Chair Jerome Powell, saying ?the decision was "appropriate".
Australia's Treasurer on Friday threw his support behind the head of the country's central bank for standing in solidarity with embattled Federal Reserve Chair ?Jerome Powell, saying the decision was "appropriate".
Australia's Treasurer Jim Chalmers said ?on Friday ?that he thought ?central ?bank ?Governor Michele Bullock's decision ?to ?sign a statement in ?support ?of Federal ?Reserve Chair Jerome Powell was "appropriate". "I ?know Jay Powell," said Chalmers at a ?briefing.
Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a sliding yen risks adding to already broadening inflationary pressure, four sources familiar with its thinking said.
Japan's five-year government bond yield hit a record high on Friday, as a sharp drop in the yen raised ?expectation for an early interest rate hike from ?the Bank of Japan. The five-year yield rose 1.5 ?basis points to a record ?1.645%. The ?two-year bond yield rose 1.5 bps to 1.195%, matching ?the highest level since ?August 1996 set earlier this month.
The dollar gained on Friday after U.S. President Donald Trump praised economic adviser Kevin Hassett at a White House event and said he may want to keep him in his current role, prompting speculation he is less likely to be named as chair of the Federal Reserve. "I see Kevin's in the audience, and I just want to thank you.
The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon. The greenback rose overnight on a surprise decline in weekly jobless figures and was steady in Asian morning trade.
NEW YORK, Jan. 15, 2026 ?Mitsubishi?UFJ Financial Group, one of the 10 largest global financial groups*, today announced that its registered broker-dealer MUFG Securities Americas, Inc. has been designated a Primary Dealer by the Federal Reserve Bank of New York.
U.S. corporate bond issuance is expected to increase substantially in 2026, driven in part by AI hyperscaler companies' build-out needs, analysts forecast.
* Barclays forecasts $2.46 trillion bond issuance in 2026. * Net issuance to rise 30% from last year. * Big Five hyperscalers expected to borrow $140 billion annually, BofA analysts say. By Matt Tracy. U.S. corporate bond issuance is expected to increase substantially in 2026, driven in part by AI hyperscaler companies' build-out needs, analysts forecast.
US equity indexes were off session highs at the close on Thursday after Federal Reserve heavyweights outlined the consequences of damaging the central bank's independence, undermining the boost to risk sentiment from strong earnings and rolling back of threats to strike Iran. The Nasdaq Composite climbed 0.3% to 23,530.02, giving up gains of as much as 1% earlier in the session.
* China reduces holdings of Treasuries to lowest since Sept 2008. * Canada raises holdings to record levels. * US stocks also show foreign inflows. By Gertrude Chavez-Dreyfuss. Foreign holdings of U.S. Treasuries hit record highs in November, rising after two straight months of declines as market sentiment improved after the U.S. federal government ?ended the longest-ever shutdown in history.
Foreign holdings of U.S. Treasuries hit record highs in November, rising after two straight months of declines as market sentiment improved after the U.S. federal government ended the longest-ever shutdown in history. The U.S. government shuttered on October 1, staying closed for a record 43 days.
"We're starting off from a really high tax equivalent yield and that really starts the market from a position of strength," said Matt Norton, CIO for municipal bonds at AllianceBernstein.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin was declining 1.5% to $95,522, and the yield for 10-year US Treasuries rose 2 basis points to 4.16%. ...
International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and threw her support behind beleaguered Federal Reserve Chair Jerome Powell, who is facing a Trump administration investigation for renovation cost overruns.
International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and threw her support behind beleaguered Federal Reserve Chair Jerome Powell, who is facing a Trump administration investigation for renovation cost overruns.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin was declining 1.5% to $95,522, and the yield for 10-year US Treasuries rose 2 basis points to 4.16%. ...
A handful of former Fed officials noted that the markets' measured response to a probe into Fed Chair Jerome Powell was a result of pushback from Trump allies.
* US jobless claims fall, boosting Fed rate hold expectations. * Fed futures delay rate cut expectations to June amid labor data. * Japanese yen weakens on potential fiscal policies by PM Takaichi. By Karen Brettell.
The tax reform costs will be offset by reductions in certain government spending, application of excess revenues that are coming in, and elimination of certain tax exemptions.
Kansas City Fed President Jeff Schmid on Thursday joined a near-unanimous chorus of ?his colleagues in offering support for ?Fed Chair Jerome Powell after ?he disclosed on Sunday ?a ?threatened indictment from the Trump administration and ?named it ?a pretext for pressuring the central bank ?to lower interest ?rates.
* Weekly jobless claims stronger than expected. * US import prices rise. * Goolsbee says Fed should focus on inflation. By Chuck Mikolajczak. U.S. Treasury yields were mostly higher on Thursday, after a round of economic data came in stronger than expected, slightly denting expectations the Federal Reserve will cut interest rates in the near term.
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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