News Results

The US dollar was mixed against its major trading partners early Wednesday -- up versus the euro and pound, down versus the yen and Canadian dollar -- ahead of a busier economic data schedule after Tuesday's slow start to the week.

Canadian housing starts ended 2025 on a strong note, rising for the second consecutive month to reach 282,400, their highest level in five months and well above consensus expectations, said National Bank of Canada.

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.

The rates market is "on edge" as global fiscal and geopolitical pressures collide, said James Pruskowski, managing director at Hennion & Walsh.

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.

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...

Republican Ken Paxton said his first-of-its-kind legal opinion aims to dismantle diversity, equity, and inclusion practices in the Lone Star State.

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.

"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.

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.

Moody's cited the enterprise's exceptional cash position and strong debt service coverage.

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...

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.

Fitch's three-notch senior bond downgrade reflects "substantial credit risk."

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.

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.

Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $32 million offering from Avalon, N.J., records a Flood Score of 5.0 out of 5.0, ICE reports.

The state's Democratic governor and Republican-controlled legislature are at odds over how much to conform with federal tax changes enacted last year.

The US dollar fell against its major trading partners early Tuesday after the government holiday Monday, with data the focus this week as Federal Open Market Committee officials are in their 'quiet period' ahead of their next meeting Jan. 27-28. Tuesday's schedule includes the Philadelphia Federal Reserve's nonmanufacturing reading for January at 8:30 am ET.

Bitcoin is down 2% over the past 24 hours as rising U.S. Treasury yields put pressure on risk assets; liquidations stand at $361.56 million over the past 24 hours. ??. Bitcoin ETFs saw $394.7 million in net outflows on Friday, while Ethereum ETFs reported $4.64 million in net inflows. The total meme coin market capitalization extended declines, with a 3.9% drop to $44.7 billion.

The International Monetary Fund raised its global economic growth expectations for 2026 as increasing investments in artificial intelligence technology help offset headwinds from trade volatility. The agency said Monday it now projects real gross domestic product for the world to grow by 3.3% this year, up 0.2 percentage point from its prior forecast in October.

The 10-year U.S. Treasury yield has climbed to 4.27 percent, a four-month high that raises borrowing costs across the global economy.

Crisis Text Line, a leading nonprofit organization that provides free, 24/7, confidential mental health support, today released The Hidden Economic Value of Online Crisis Volunteers, a new global study led by the organization that quantifies the economic footprint of trained volunteer online crisis counselors operating at scale across multiple countries.

Canada's main stock market on Monday set its eight record close of 2026, with the resources heavy Toronto Stock Exchange buoyed by precious metals prices, and overcoming a mixed response to December inflation data and the release of business and consumer sentiment surveys from the Bank of Canada.

Canadian consumer prices fell 0.2% month over month in December, but that translates to a 0.3% month-over-month rise in seasonally adjusted terms as prices are normally cut late in a year, sid Bank of Montreal.