Newmont Corporation (NEM) shares are trading lower Friday morning after President Donald Trump nominated former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Fed chair in May 2026. Gold, tracked by SPDR Gold Trust , is trading over 6% lower Friday morning. Warsh is widely viewed as more skeptical of ultra-easy monetary policy than current chair Jerome Powell.
* Indexes down: Dow 0.86%, S&P 500 0.57%, Nasdaq 0.74% * Russell 2000 down 1.6% * Apple (AAPL) shares fall after quarterly results. * Gold and silver miners fall tracking metal prices. By Pranav Kashyap and Twesha Dikshit.
The European stock markets were moving higher in Friday trading as The Stoxx Europe rose 0.6%, Germany's DAX gained 0.9%, the FTSE 100 was up 0.5%, France's CAC increased 0.7%, and the Swiss Market Index was moving 0.3% higher. In Germany, gross domestic product grew 0.3% in Q4 from Q3, adjusted for price, seasonal, and calendar effects, according to the Federal Statistical Office.
President Donald Trump said ?on Friday ?it would be ?inappropriate ?to ?ask Kevin Warsh, ?his nominee ?to be the ?next ?chairman ?of the Federal Reserve, whether he ?would cut interest rates, but ?added ?he was confident Warsh was ?inclined to lower borrowing costs.
President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve is running into opposition from within his own party in Congress, as at least one Republican senator said on Friday he will block the confirmation if the Justice Department's investigation of U.S. central bank chief Jerome Powell continues.
* Tillis cites probe into Powell as reason to oppose Trump's Fed nominees. * North Carolina senator says Department of Justice's investigation is political interference. * Republicans divided over Trump's pressure tactics against Fed. By Bo Erickson, Andrea Shalal and Richard Cowan.
Federal Reserve Governor Stephen Miran said in a television interview Friday that he assumes Kevin Warsh, nominated to succeed current Fed chair Jerome Powell, will likely fill his expiring term at ?the central bank.
Federal Reserve Governor Stephen Miran said in a television interview Friday that he assumes Kevin Warsh, nominated to succeed current Fed chair Jerome Powell, will ?likely fill his expiring term at the central bank.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Nippon Life Insurance Company. The ratings reflect Nissay?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
US producer price growth unexpectedly accelerated in December as the services index logged the largest. increase since July, the Bureau of Labor Statistics reported Friday. The producer price index rose by 0.5% on a seasonally adjusted basis last month, representing the biggest gain since September, government data showed.
Kevin Warsh, U.S. President Donald Trump's pick to chair the Federal Reserve, will likely boost the central bank's effort to ease Wall Street bank rules, and allow the administration a bigger say on regulation and supervision matters, said regulatory experts.
Senate Democratic leader Chuck Schumer said Republicans ?must not ?move U.S. President Donald ?Trump's pick ?to ?lead the Federal Reserve, ?Kevin ?Warsh, if Department of Justice actions ?against ?Jerome ?Powell are not dropped.
* Money markets price in a 30% chance of an ECB rate cut in 2026. * Borrowing costs little changed after euro zone economic data. * Risks of a second China shock in ECB's focus, Deutsche Bank says. By Stefano Rebaudo.
Top White House economic adviser Kevin Hassett on Friday said the Federal Reserve blundered in not cutting rates this week, in comments that also called for a swift approval of Kevin Warsh to be Fed ?Chair. Hassett, speaking on CNBC, acknowledged the legal issues that surround the Fed that could gum ?up any approval process until they are resolved.
Top White House economic adviser Kevin Hassett on Friday said the Federal Reserve blundered in not cutting rates this week, in comments that also called for a swift approval ?of Kevin Warsh to be Fed Chair. Hassett, speaking on CNBC, acknowledged the legal issues that surround ?the Fed that could gum up any approval process until they are ?resolved.
US President Donald Trump on Friday nominated Kevin Warsh to replace Federal Reserve Chair Jerome Powell, who has regularly been criticized by the US leader for taking a cautious view on lowering interest rates. Warsh served as a governor on the central bank's board from 2006 to 2011.
* US yield curve steepens with Warsh nomination. * Balance sheet may not be primary focus for Warsh -analyst. * US producer prices rise in December, lifts yields. * US rate futures price in two cuts in 2026. By Tom Westbrook, Amanda Cooper and Gertrude Chavez-Dreyfuss.
* TSX slumps 2.3% * Miners plunge after Kevin Warsh picked new Fed chair. * Bombardier falls 6.7% after Trump's tariff threats. By Utkarsh Hathi. Canada's main stock index tumbled over 2% on Friday, hammered by plunging mining shares, as ?gold slumped after U.S. President Donald Trump nominated Kevin Warsh - often viewed as hawkish - as the new ?Federal Reserve chair.
* Trump picks Kevin Warsh as new Fed Chair. * Global stocks fall, still set for weekly gain. * US inflation data hotter than expected. By Chuck Mikolajczak.
* Producer price index increases 0.5% in December. * Services account for bigger-than-expected rise in PPI. By Lucia Mutikani. U.S. producer prices increased by the most in five months in December amid some pass-through from import tariffs, suggesting inflation could pick up in the months ahead and allow the Federal Reserve to keep interest rates steady for a while.
* Warsh seen as likely to support lower rates, easing concerns. * Dollar gains after U.S. producer prices rise more than expected. * Bitcoin lowest since November 21. By Karen Brettell.
"These municipal bond schemes improperly divert new issue bonds to bad actors at the expense of bona fide retail investors," FINRA's Meghan Ferguson said.
Construction input prices decreased 0.6% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics? Producer Price Index data released today. Overall construction input prices are 2.8% higher than a year ago, while nonresidential construction input prices are 3.2% higher.
* Indexes down: Dow 0.2%, S&P 500 0.2%, Nasdaq 0.3% * Russell 2000 down 0.3% * Apple (AAPL) shares fall after quarterly results. * Gold and silver miners fall tracking metal prices. By Pranav Kashyap and Twesha Dikshit.
U.S. stocks opened lower on Friday after President ?Donald Trump nominated ?former Federal Reserve ?Governor Kevin Warsh ?to ?head the U.S. ?central bank, ?as traders mulled over the ?monetary ?policy ?path under the new Fed leadership.
The current stance of monetary policy is still restraining economic growth and requires more reduction in the policy rate, Federal Reserve Governor Christopher Waller said Friday in a statement explaining his dissent in favor of a 25-basis point rate cut at this week's Federal Open Market Committee meeting.
Canada's main stock index opened sharply lower ?on Friday, ?dragged down ?by commodity-linked shares, ?as ?gold sank after ?U.S. ?President Donald Trump nominated Kevin ?Warsh ?as ?the next Federal Reserve chair and ?oil retreated on easing supply disruption concerns ?in ?Iran.
U.S. stocks opened lower on Friday after President ?Donald Trump nominated ?former Federal Reserve Governor ?Kevin Warsh ?to ?head the U.S. ?central bank, ?as traders mulled over the ?monetary policy ?path ?under the new Fed leadership.
AM Best has affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Rating of ?b+? of Ghana Reinsurance PLC. The ratings reflect Ghana Re?s balance sheet strength, which AM Best assesses as strong, as well as the company?s adequate operating performance, limited business profile and weak enterprise risk management.
* Futures down: Dow 0.55%, S&P 500 0.55%, Nasdaq 0.74% * Futures tracking Russell 2000 down 0.6% * Apple (AAPL) shares marginally down after quarterly results. * Gold and silver miners fall tracking metal prices. By Pranav Kashyap and Twesha Dikshit.
US stocks look set to open lower in Friday's trading session as investors seem calmed by President Donald Trump's nomination of former Fed Governor Kevin Warsh to replace Fed Chairman Jerome Powell when his term expires in May. Investors are also parsing the Bureau of Labor Statistics' Producer Price Index reading, which rose 0.5% in December, up from a 0.2% gain the previous month, and above a...
The broad market exchange-traded fund SPDR S&P 500 ETF Trust was down 0.4% and the actively traded Invesco QQQ Trust was 0.6% lower in Friday's premarket activity as geopolitical uncertainty looms, while investors still await a Federal Reserve interest rate cut.
The incoming Dutch government plans to add a surcharge to income and corporate taxes to generate around 5 billion euros per year for increased defence spending, coalition ?parties said on Friday. To meet a target set by NATO countries last year, the government ?aims to increase defence spending to 2.8% of gross domestic product ?by 2030 and to 3.5% by 2035, compared ?with around 2% ?now.
Brazil's unemployment rate dropped to a record low ?in the three months through December, official ?data showed on Friday, despite borrowing ?costs at a near ?20-year high. * The ?jobless rate hit 5.1% in the ?October-December period, statistics agency ?IBGE said on Friday, matching expectations from economists in a ?Reuters poll.
The Canadian economy was still struggling for growth toward the end of Q4, with November gross domestic product showing a flat reading and the advance estimate for December pointing to only marginal growth, said CIBC after Friday's data.
U.S. producer prices increased by the most in five months in December amid some pass-through from import tariffs, suggesting inflation could pick up in the months ahead and allow the Federal Reserve to keep interest rates steady for a while.
U.S. producer prices increased more than expected in December, with businesses appearing to pass on higher costs from import tariffs, suggesting inflation could pick up in the months ahead. The Producer ?Price Index for final demand surged 0.5% last month after an unrevised 0.2% ?gain in November, the Labor Department's Bureau of Labor Statistics ?said on Friday.
Canadian real gross domestic product was essentially unchanged in November, following a 0.3% month over month decline in October, as contractions in goods-producing industries offset expansions in services-producing industries, said the country's statistical agency on Friday. November's flat reading was slightly less than the 0.1% consensus month-over-month rise provided by MUFG.
U.S. Treasury yields rose on Friday after ?data showed producer ?prices in the ?world's largest economy ?came ?in hotter than expected ?in ?December, suggesting the Federal Reserve will ?be in ?no ?rush to cut interest rates over the ?next several months.
The US Producer Price Index rose by 0.5% in December following a 0.2% increase in November, well above the 0.2% gain expected in a survey compiled by Bloomberg. Energy prices fell by 1.4% in the month, while food prices declined by 0.3%. After excluding food and energy prices, core PPI jumped by 0.7%, above the 0.2% gain expected and following a flat reading in the previous month.
The US dollar rose against its major trading partners early Friday ahead of the release of producer price data for December at 8:30 am ET and the Chicago purchasing managers' index reading for January at 9:45 am ET.
* Contraction in goods-producing sectors behind flat growth. * Manufacturing output shrank by 1.3%, followed by agriculture. * Services-producing sectors helped offset some of the weakness. * Q4 GDP could shrink by 0.5% annualized, 2025 GDP seen at 1.3% By Promit Mukherjee.
The Indian Economic Survey 2025-26 has outlined a stark warning regarding a potential global financial ?systemic shock cascade? in 2026 that could outpace the severity of the 2008 Global Financial Crisis.
Senate Banking Chairman Tim Scott on ?Friday said ?he looked forward ?to a "thoughtful, timely ?confirmation ?process" for Kevin ?Warsh, President ?Donald Trump's pick to lead ?the ?U.S. ?Federal Reserve.
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.
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