Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each increasing 0.8%. The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin was increasing 0.2% to $89,545, and the yield for 10-year US Treasuries was steady at 4.25%. In corporate ...
Dallas Area Rapid Transit's moratorium on new debt issuance comes as voters in five of its 13 member cities will decide whether to withdraw from the agency.
US consumer spending grew in October and November, while the Federal Reserve's preferred inflation metric for November accelerated in line with market expectations, delayed government data showed Thursday. Personal consumption expenditures rose 0.5% each in October and November, the Bureau of Economic Analysis said.
As we move just twenty days into 2026, the U.S. housing market is already sending clear and increasingly consequential signals. Based on December housing data released to date, combined new and existing home sales for 2025 are estimated at approximately 4.7 million units, well below the long-term annual average of 5.9 million and rivaling only the weakest years of the Global Financial Crisis.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.09%. ?With the economy improving and the average 30-year fixed-rate mortgage nearly a percentage point lower than last year, more homebuyers are entering the market,? said Sam Khater, Freddie Mac?s Chief Economist.
In the first half of January, Mexican headline inflation was revised upward, increasing from 3.69% in December to 3.77%, and coming in below the consensus expectation of 3.87%, said Scotiabank after Thursday's data. Core inflation rose from 4.33% to 4.47% versus 4.52% consensus, noted the bank.
The Kansas City Fed monthly manufacturing index remained at 0 in January, below expectations for an increase to 4 in a survey compiled by Bloomberg. Annual revisions were incorporated into the data. Other regional manufacturing data released so far have shown a rebound from negative readings in the previous month.
The US economy grew in the third quarter at a slightly stronger pace than initially estimated as readings for exports and investment were revised higher, the Bureau of Economic Analysis said Thursday. Real gross domestic product in the world's largest economy increased at a 4.4% annualized rate in the September quarter, according to the BEA's updated estimate.
UBS said it no longer expects rate cuts in 2026 by the central banks of South Korea and Taiwan. The bank had previously expected the BoK to reduce rates twice by 25bps, while the CBC was seen cutting by 12.5bps this year. MT Newswires does not provide investment advice.
US stocks look set to open higher in Thursday's trading session as investors parse gross domestic product and unemployment figures released earlier in the morning, and look ahead to inflation and oil inventory figures coming out later in the day. Dow Jones Industrial Average futures were up 0.5%, S&P 500 futures were rising 0.7%, and Nasdaq futures were tracking 1% higher.
UBS said it expects Canada's gross domestic product growth to be 1.5% for 2025, then rising to 1.8% this year and in 2027. The Canadian consumer price index is estimated at 2.0% in 2025, at 2.1% this year and then at 2.0% in 2027, the bank added. MT Newswires does not provide investment advice.
Environmental & Public Health International? announced that its?Lead Service Line Replacement Cost Calculator? has been published on the World Economic Forum?s UpLink Innovation Portal, a global platform connecting governments, development partners, and investors with vetted, deployable solutions advancing sustainable development.
Turkey's central bank Thursday said its Monetary Policy Committee decided to reduce the policy rate -- the one-week repo auction rate -- to 37.0% from 38.0%. All but two forecasters of a survey had expected a bigger cut, noted Scotiabank after the policy decision.
US economic growth, measured by gross domestic product, was revised up slightly to a 4.4% increase in Q3 from a 4.3% gain in the advance estimate. No revision was expected in a survey compiled by Bloomberg. Personal consumer expenditures were unrevised from the 3.5% increase in the advance estimate and were above a 2.5% gain in Q2.
US initial jobless claims rose to a level of 200,000 in the employment survey week ended Jan. 17 from an upwardly revised 199,000 level in the previous week, compared with expectations for a larger increase to 209,000 in survey of analysts compiled by Bloomberg. Initial claims were at a level of 224,000 in the employment survey week ended Dec. 13.
Royal Bank of Canada (RY) said Thursday it received an unsolicited mini-tender offer from TRC Capital Investment to purchase up to 500,000 of its shares at CA$224 per share in cash. Royal Bank said it recommends that shareholders reject the offer as the price is about 4.5% lower than the closing share price of the shares on Jan. 13, the business day before the date of the offer.
US stock futures are tracking higher in Thursday's premarket session as investors look ahead to a slew of key economic data coming out later in the day, including gross domestic product, inflation, jobless claims, and crude oil inventories. Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures were rising 0.5%, and Nasdaq futures were tracking 0.9% higher.
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The US dollar fell against its major trading partners early Thursday, except for a gain versus the yen, ahead of the release of weekly jobless claims and revised Q3 gross domestic product data, both at 8:30 am ET.
The United Kingdom's inflation in December came in a bit above consensus forecasts, on stronger food prices, said Morgan Stanley. Food inflation will start subsiding from January and the bank continues to expect inflation at target in April. Morgan Stanley noted that is has tilted the next Bank of England rate cut from February into March.
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900, citing strengthening structural demand for the metal. "The rally has accelerated since 2025 because central banks started competing for limited bullion with private sector investors," analysts Daan Struyven and Lina Thomas wrote in a Thursday note, according to Business Insider.
EUR/USD has slipped back below 1.170 in line, noted ING. The pair continues to be almost entirely driven by the US dollar moves and the unwinding of tariff risk on the back of a framework Greenland deal agreed at Davos, which is proving enough to revive some US dollar bulls, wrote the bank in a note. ING still sees risks extending to 1.1600 in the short term for EUR/USD.
Societe Generale in its early Thursday economic news summary pointed out: -- Risk on, VIX -15.8% to 16.9 after NATO/United States off-ramp on Greenland. -- Australia employment gains 65,200 jobs in December, full-time 54,800, unemployment rate drops to 4.1%, lowest since last May. AUD/USD accelerates above 0.68-handle, three-year AGB +10bps at 4.27%, highest since November 2023.
Ripple?s Brad Garlinghouse called the WEF panel ?spirited? as Coinbase?s CEO defended bitcoin and stablecoins, while Villeroy warned of threats to monetary sovereignty and financial stability.
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 priced their offering of $1.0 billion aggregate principal amount of 8.625% senior notes due 2032.
Installed Building Products (IBP) said late Wednesday it closed a private offering of $500 million in aggregate principal amount of 5.625% senior unsecured notes due 2034. The company amended its existing $250 million asset-based lending revolving credit facility to increase commitments to $375 million and extend the maturity date to Jan. 21, 2031.
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.
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,...
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.
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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