U.S. President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White House economic adviser Kevin Hassett in his current post. "We're down to three, but we're down to two. Asked about Hassett, ?Trump said: "I'd like to actually keep him where he is if you want to know the truth.
* Trump tells CNBC he would like to keep Hassett in current role BlackRock's Rieder was impressive in interview, Trump says. * Trump expected to announce nominee soon. By Steve Holland.
Major US equity indexes rebounded Wednesday after President Donald Trump ruled out using force or tariffs to take control of Greenland. * Trump made the remarks during a speech at the World Economic Forum in Davos, Switzerland. * US Treasury yields were mixed, with longer-term rates edging lower.
Current events and financial developments outside of the muni sector mean that investors should hold off buying munis until rates correct, said Matt Fabian, president of Municipal Market Analytics.
CHICAGO, Jan. 21, 2026 Ziegler is pleased to announce the successful closing of Deerfield Episcopal Retirement Community's $357,225,000 Series 2026A, 2026B and 2026C Bonds.
Financial stocks rose late Wednesday afternoon trading, with the NYSE Financial Index adding 1% and the State Street Financial Select Sector SPDR ETF up 0.8%. The Philadelphia Housing Index was climbing 1.8%, and the State Street Real Estate Select Sector SPDR ETF increased 0.1%. Bitcoin rose 2% to $90,114, and the yield for 10-year US Treasuries shed 4 basis points to 4.26%. In economic news, ...
Financial stocks rose late Wednesday afternoon trading, with the NYSE Financial Index adding 1% and the State Street Financial Select Sector SPDR ETF up 0.8%. The Philadelphia Housing Index was climbing 1.8%, and the State Street Real Estate Select Sector SPDR ETF increased 0.1%. Bitcoin rose 2% to $90,114, and the yield for 10-year US Treasuries shed 4 basis points to 4.26%. In corporate news,...
The U.S. Supreme Court heard arguments on Wednesday over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. A RULING AGAINST TRUMP SEEMS LIKELY.
US equity indexes rose in midday trading on Wednesday after President Donald Trump ruled out using force to take control of Greenland, helping push long-dated government bond yields lower.
Financial stocks rose Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding about 0.4%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 0.5% to $87,866, and the yield for 10-year US Treasuries was shedding 2 basis points to 4...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.3%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 0.5% to $87,866, and the yield for 10-year US Treasuries was shedding 2 basis poin...
After ending 2025 on a soft note, a gradual, modest recovery in Canadian housing is likely on tap this year, supported by pent-up demand, said TD. Restraining a stronger recovery will be elevated economic uncertainty, a subdued job market and a leveling off in interest rates with the Bank of Canada likely to stay on the sidelines this year, noted TD.
Elliptic traced more than $500 million in USDT tied to Iran?s central bank, suggesting the stablecoin was used to manage foreign-exchange pressures and build a ?sanctions-proof? alternative to dollar banking.
Ecuador will impose a 30% tariff on goods from Colombia starting from February 1, President Daniel Noboa said on Wednesday, ?citing a trade deficit and lack of cooperation ?on fighting drug trafficking at their shared ?border.
When the Canadian consumer price index was released on Monday, the market reaction was mixed in the face of puzzling results, said National Bank of Canada. On the one hand, headline annual inflation came in well above consensus expectations, 2.4% year over year versus. Part of these discrepancies stems from differences in the seasonal-adjustment process, stated National Bank.
Banks led by Royal Bank of Canada (RY) are marketing $1.8 billion in loans to support Investindustrial's acquisition of TreeHouse Foods (THS), Bloomberg News reported Wednesday, citing a person with knowledge of the matter. The debt package consists of a $1.25 billion term loan B maturing in seven years, along with $550 million in additional secured debt, according to the news outlet.
DALLAS, Jan. 21, 2026 ?Comerica Bank announced today it received the highest overall rating of "Outstanding" in its 2025 Community Reinvestment Act Performance Evaluation by the Federal Reserve Board.
* Japanese bonds rally, underpin Treasuries. * Trump says US won't use force on Greenland. * Investors focus on US 20-year auction. By Gertrude Chavez-Dreyfuss. U.S. Treasury yields edged lower on Wednesday, pulling back from multi-month highs reached in the previous session after a steep selloff, as a recovery in Japanese government bonds helped steady global fixed-income markets.
Conservative and liberal U.S. Supreme Court justices signaled skepticism on Wednesday toward President Donald Trump's bid to fire Federal Reserve Governor Lisa Cook in a case with the central bank's independence at stake.
U.S. President Donald Trump said he has interviewed several strong candidates for Federal Reserve chair, but complained that nominees tend to change once they take office. "Everyone ?that I interviewed is great.
U.S. construction spending increased more than expected in October, likely reflecting home renovations, with activity elsewhere weak. The Commerce Department's Census Bureau said on Wednesday that construction spending rose 0.5% after falling 0.6% in September. The data was delayed by?the 43-day ?government shutdown.
U.S. construction spending increased more than expected in October, likely reflecting home renovations, with activity elsewhere weak. The Commerce Department's Census Bureau said on Wednesday that construction spending rose 0.5% after falling 0.6% in September. The data was delayed by the ?43-day government shutdown.
A lawyer for Donald Trump's administration faced skeptical questions from conservative and liberal U.S. Supreme Court justices on Wednesday as he defended the president's unprecedented bid to fire Federal Reserve Governor Lisa Cook in a case that could threaten the central bank's independence.
US construction spending rose by 0.5% in October, compared with a 0.1% increase expected in a survey compiled by Bloomberg and following a 0.6% decrease in September.
* 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, John Kruzel and David Lawder. 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.
U.S. President Donald ?Trump ?said everyone he ?has ?interviewed ?for the ?job ?of Fed chair is great, ?but ?added ?that the problem was ?that they change once they get ?the ?job. He also said ?he will announce a new Fed ?chair soon.
Uniti Group (UNIT) said Wednesday that its subsidiaries have launched a private offering of $500 million in 8.625% senior notes due 2032. The notes will be issued by Uniti Services, Uniti Fiber Holdings, Uniti Group Finance 2019 and CSL Capital.
* Commercial banks must tokenise the money they handle. * Stablecoins will spread due to US push to defend dollar. * Only stable pegs are central bank, private banks' money. By Valentina Za and Antonella Cinelli.
NewGenIVF Group Limited (NIVF), a technology-driven company building a diversified ecosystem across fertility technology, digital assets, and real estate development, today announced the appointment of award-winning Web3 legal and regulatory specialist Joshua Chu as Senior Counsel to lead the Group?s tokenization strategy, alongside the formal engagement of Evident Capital, Hong Kong?s first fully...
Uniti Group Inc. (UNIT) today announced that its subsidiaries, Uniti Services LLC, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC, have commenced an offering of $500 million aggregate principal amount of 8.625% senior notes due 2032, subject to market and other conditions.
* Trump says he is asking Congress to cap credit card interest rates. * JPMorgan CEO says rate cap would cut off credit for 80% of Americans. * Banking industry pushes back against Trump proposal. By Manya Saini.
DAVOS, Switzerland, Jan. 21, 2026 As political and business leaders gather at the World Economic Forum Annual Meeting 2026 in?Davos under the theme "A Spirit of Dialogue," a practical question looms large: amid rising geopolitical uncertainty and pressure on global trade and investment, how can the movement of people, commerce, and capital remain efficient and resilient?
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.
Brazil's central bank ordered on Wednesday the liquidation of Will Financeira SA, a unit of troubled lender Banco Master, in the latest drastic step involving illiquid institutions tied to the conglomerate. Mastercard (MA) said on Tuesday it ?had suspended Will Bank cards from its network due to non-compliance with settlement schedules under its payments arrangement.
Citizens Financial Group (CFG) reported a 31.7% surge in fourth-quarter profit on Wednesday, helped by recovery in capital markets activity that boosted underwriting fees. Federal Reserve rate cuts and easing concerns over ?the impact of tariffs have boosted commercial activity, encouraging companies to pursue refinancing ?and expansion plans, lifting demand for underwriting and loan syndication.
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.
Central bank independence is crucial to controlling inflation, Swiss National Bank Chairman Martin Schlegel said on Wednesday, as the U.S. Federal Reserve chair faces a criminal probe and an onslaught of attacks from President Donald Trump.
* Central bank independence seen as crucial to control inflation. * No plans to increase or decrease gold holdings. * Inflation could turn negative in some months, not a problem. By John Revill.
The U.S. Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell's tenure ends in May, according to a majority of economists polled by Reuters, a shift from last month when most expected at least one cut by March.
The U.S. Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell's tenure ends in May, according to a majority of economists polled by Reuters, a shift from last month when most expected at least one cut by March.
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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