President Donald Trump's contested firing of Federal Reserve Governor Lisa Cook has become a test case in his bid to assert control over the U.S. central bank and his ongoing efforts to push the limits of presidential power. As the first sitting Fed policymaker to be the target of an attempted presidential ouster, Cook is no stranger either to being first, or to being targeted.
U.S. Supreme Court justices signaled skepticism on Wednesday toward President Donald Trump's unprecedented bid to fire Federal Reserve Governor Lisa Cook in a case with the central bank's independence at stake.
President Donald Trump's contested firing of Federal Reserve Governor Lisa Cook has become a test case in his bid to assert control over the U.S. central bank and his ongoing efforts to push the limits of presidential power. As the first sitting Fed policymaker to be the target of an attempted presidential ouster, Cook is no stranger either to being first, or to being targeted.
U.S. Commerce ?Secretary ?Howard Lutnick ?was heckled ?at ?a ?World ?Economic Forum ?dinner ?hosted ?by Blackrock's Larry Fink, ?the Financial Times ?reported, citing ?sources ?familiar with the matter.
* Trump sought to fire Fed Governor Cook in August. * Lower courts blocked Cook's removal. * Central bank independence at stake in case. By Andrew Chung and John Kruzel.
The following are the top stories in the Wall Street Journal. - Two Democratic ?senators demanded records from Trump administration officials related to the Justice ?Department's criminal probe of Federal Reserve Chair Jerome ?Powell, calling the investigation a serious misuse ?of power.
* PIF taps debt market for the first time in 2026. * Indicative pricing for 10-year sukuk set at 120 basis points over U.S. Treasuries. * Orders from investors exceed $7 billion.
The European economy needs a "deep review" to face "the dawn of a new international order", European ?Central Bank President Christine Lagarde told French radio RTL on ?Wednesday.
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Europe must wake up in the face of threats of fresh tariffs by U.S. ?President Donald Trump over Greenland, European Central Bank ?policymaker Francois Villeroy de Galhau said on ?Wednesday. "Europe must stand firm and ?defend itself, ?and Europe can also wake up and play ?its own cards," Villeroy ?told France 2 television. "We must defend ourselves on tariffs.
Growth is going to be the ?priority of the ?United States' presidency ?of the ?Group of ?20 industrialised nations, U.S. ?Treasury ?Secretary Scott Bessent said on Wednesday.
The White House may shrug off any fallout from the simmering transatlantic trade war on U.S. stocks or even the dollar, but a surge in U.S. Treasury yields could prove especially toxic for Donald Trump's administration in a mid-term election year.
U.S. Democratic senators Elizabeth Warren and Dick Durbin on Tuesday called for President Donald Trump's administration to turn over records related to the Justice ?Department's criminal probe of Federal Reserve Chair Jerome Powell.
* Trump steps up push to take control of Greenland. * Stocks selloff across Wall Street, Europe and Asia. * US Treasury yields spike, curve steepens. * Gold, silver climb to record highs. By Chibuike Oguh and Elizabeth Howcroft.
US equity indexes sank on Tuesday after trade war worries with Europe intensified the move up in long-dated Treasury yields following a sell-off in government bonds in Japan, the largest holder of US government debt.
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Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.2%. The Philadelphia Housing Index was shedding 2.3%, and the State Street Real Estate Select Sector SPDR ETF was down 1.8%. Bitcoin dropped 3.9% to $89,505, and the yield for 10-year US Treasuries jumped 5.8 basis points to n...
US equity indexes dropped ahead of Tuesday's close as concerns over a potential trade war with Europe intensified a surge in long-dated Treasury yields following a sell-off in Japanese government bonds. The Nasdaq Composite plunged 2.5% to 22,936.1, with the S&P 500 diving 2.1% to 6,794.5 and the Dow Jones Industrial Average 1.7% lower at 48,487.3. All but one sector, energy, declined.
U.S. democratic senators Elizabeth Warren ?and ?Dick Durbin are ?demanding ?that ?President Donald Trump's ?administration ?turn over records related ?to ?the ?Justice Department's criminal probe of ?Federal Reserve Chair Jerome Powell, the ?Wall ?Street Journal reported ?on Tuesday. Reuters could not immediately verify ?the report.
Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.2%. The Philadelphia Housing Index was shedding 2.3%, and the State Street Real Estate Select Sector SPDR ETF was down 1.8%. Bitcoin dropped 3.9% to $89,505, and the yield for 10-year US Treasuries jumped 5.8 basis points to n...
Indiana looks to entice the National Football League's Chicago Bears to move to northwest Indiana by offering state-backed bonds to fund a new stadium.
* US 10-year yield hits highest since late August. * US 30-year yields rise to highest since early September. * US 2/10 yield curve hits widest on two weeks. * US rate futures price in less than two cuts in 2026. By Gertrude Chavez-Dreyfuss.
* Trump steps up push to take control of Greenland. * Stocks selloff across Wall Street, Europe and Asia. * US Treasury yields spike, curve steepens. * Gold, silver climb to record highs. By Chibuike Oguh and Elizabeth Howcroft.
"I was disappointed that it didn't go further," said Peg Henry, who launched a municipal securities legal consulting and expert witness services business last year.
Argentina posted a $11.29 ?billion trade ?surplus in ?2025, the ?government's statistics ?office said ?on Tuesday. The ?trade surplus for ?December ?came ?in at $1.89 billion, landing above the $1.4 ?billion surplus forecast by analysts polled by ?Reuters. Exports ?in December reached $7.45 billion, ?while imports totaled $5.56 billion in the month.
Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.7% and the State Street Financial Select Sector SPDR ETF falling 2.3%. The Philadelphia Housing Index was shedding 1.9%, and the State Street Real Estate Select Sector SPDR ETF was down 1.9%. Bitcoin dropped 3.4% to $89,492, and the yield for 10-year US Treasuries climbed 5.2 basis points to 4.28%...
US equity indexes fell midday Tuesday amid a surge in long-dated Treasury yields as concern mounted that a trade war with Europe over Greenland would undermine the US economy, and after a sell-off in Japanese government bonds.
NEW YORK, Jan. 20, 2026 Attorneys from global law firm Greenberg Traurig, LLP served as legal advisers on two award-winning deals in Global Banking and Markets' GBM Awards: Latin America & Caribbean 2026 ? the Financial Institutions Syndicated Loan Deal of the Year and the Debut Sovereign, Supra & Agency Bond Deal of the Year.
Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.6%. The Philadelphia Housing Index was shedding 1.7%, and the State Street Real Estate Select Sector SPDR ETF was down 1.6%. Bitcoin dropped 3.1% to $89,730, and the yield for 10-year US Treasuries rose 4.4 basis points to 4.28%. I...
U.S. Commerce Secretary Howard Lutnick said on Tuesday he expected first quarter GDP growth in the United States would exceed 5% in the first quarter of 2026, adding that its interest rates were too high and were holding back ?stronger growth.
U.S. Commerce Secretary Howard Lutnick said on Tuesday he expected first quarter GDP growth in the United States would exceed 5% in the first quarter of 2026, adding that ?its interest rates were too high and were holding back stronger growth.
The Bank of Canada released the Q4 business outlook and the consumer expectations surveys on Monday, said National Bank of Canada. These reports will have no impact on the coming BoC decision as the BoC has already firmly established itself on the sidelines, noted the bank. However, some of the trends in these reports bear monitoring, stated National Bank.
European stock markets closed lower in Tuesday trading as the Stoxx Europe dropped 0.70%, Germany's DAX was down 1.03%, the FTSE 100 fell 0.67%, France's CAC lost 0.61%, and the Swiss Market Index declined 0.81%. In the UK, the unemployment rate for the three months from September through November was 5.1%, which was up from 4.4% during the same period the previous year, according to the Office...
The Canadian consumer price index data for December released on Monday showed a 0.2% month-over-month drop on a non-seasonally adjusted basis, which was a tad disappointing when benchmarked against the 0.3% consensus forecast slip, said Rosenberg Research.
Canada's underlying inflation measures are likely to moderate further in the first half of this year and approach 2.0%, said David Doyle, head of economics at Macquarie Group. Despite the recent fall in unemployment, the output gap remains sizeable, noted Doyle.
* US 10-year yield hits highest since late August. * US 30-year yields rise to highest since early September. * US 2/10 yield curve hits widest on two weeks. * US rate futures price in less than two cuts in 2026. By Gertrude Chavez-Dreyfuss, Tom Westbrook and Alun John.
* Trump steps up push to take control of Greenland. * Stocks selloff across Wall Street, Europe and Asia. * US Treasury yields spike, curve steepens. * Gold, silver climb to record highs. By Chibuike Oguh and Elizabeth Howcroft.
The Bank of Canada's Q4 Business Outlook Survey revealed on Monday a lingering soft underbelly to the local economy, said Rosenberg Research. The headline diffusion index may have been "less negative," at -1.78 in Q4 from -2.27 in Q3, but it has consistently been in contraction territory since Q1 2023, noted Rosenberg Research.
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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