Onity Group Inc. (ONIT) today announced that its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, closed their previously announced offering of 9.875% Senior Notes due 2029 in an aggregate principal amount of $200 million.
Plug Power Inc (PLUG) shares fell sharply Friday after President Donald Trump formally nominated former Fed governor Kevin Warsh as Federal Reserve chair, sparking fears that a more hawkish policy regime and potentially higher-for-longer interest rates could squeeze the hydrogen fuel-cell maker's capital-intensive growth plans. Here?s what investors need to know.
The U.S. cattle herd dwindled to its smallest size since 1951, the U.S. Department of Agriculture said on Friday, signaling that beef prices will stay high for consumers after setting records last ?year. The nation had 86.2 million cattle and calves as of January 1, the USDA said in a biannual ?report, after a persistent drought drove ranchers to slash their herds.
Munis were largely unchanged this week and tax-exempts continue to be "quite unattractive" at current levels, said Barclays (BCS) strategists led by Mikhail Foux.
US equity indexes slumped ahead of Friday's close as Kevin Warsh's nomination to be the Federal Reserve chair boosted the dollar while sending precious metals into a tailspin.
RBC Capital Markets said the Bank of Canada delivered the expected hold this week, underlining that the timing and direction of the next rate move was uncertain. RBC continues to see a sizable risk of hikes late in the year. RBC said a steady hold at 2.25% was delivered on Wednesday, as expected.
Financial stocks were lower in Friday late afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.2%. The Philadelphia Housing Index dropped 2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.1%. Bitcoin was declining 0.1% to $83,657, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.24%. In e...
Wells Fargo Securities will price for the Chicago Transit Authority $575 million of first and second lien sales tax receipts bonds on Thursday, Feb. 5.
Federal Reserve Governor Stephen ?Miran said ?on Friday that ?U.S. ?President ?Donald Trump has never ?asked ?him to do ?anything ?on ?monetary policy. "He has never asked ?me to do any specific ?action ?on monetary policy," Miran said ?during an interview on Bloomberg TV.
Financial stocks were lower in Friday late afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.4%. The Philadelphia Housing Index dropped 2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.3%. Bitcoin was declining 0.9% to $83,760, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.24%. In c...
NEW YORK, Jan. 30, 2026 ?The CRE Finance Council issued the following statement from Lisa Pendergast, President and CEO, on the nomination of Kevin Warsh to serve as Chair of the Federal Reserve: "CREFC congratulates Kevin Warsh on his nomination to lead the Federal Reserve.
* US yield curve steepens with Warsh nomination. * Balance sheet may not be primary focus for Warsh, analyst says. * US producer prices rise in December, lift yields. * US rate futures price in two full cuts in 2026. By Gertrude Chavez-Dreyfuss.
Brazilian airline Azul secured $1.37 billion in a bond issue, the company said in a securities filing ?on Friday, in a key step toward exiting Chapter 11 bankruptcy proceedings.
Latin American currencies and stocks
fell on Friday after U.S. President Donald Trump announced his
nominee for the Federal Reserve chair, while Colombia's central
bank announced a ...
Fed Governor Christopher Waller said that he dissented in favor of a 25-basis point rate cut at the January FOMC meeting because he believes the current stance of policy is still restrictive given the ongoing weakness in the labor market and an inflation rate that is near the 2% goal when temporary tariffs impacts are removed.
US benchmark equity indexes were lower intraday, while gold and silver prices slumped after President Donald Trump nominated Kevin Warsh to be the next Federal Reserve chair.
Gold and silver prices sank Friday after US President Donald Trump nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair in May. Gold futures slumped 11% to $4,763.71 per troy ounce, while silver slid 31% to $78.60. Earlier this week, gold futures surged past $5,600, while the white metal crossed $121 as investors turned to safe-haven assets amid mounting geopolitical uncertai...
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 2.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was declining 1.9% to $82,982, and the yield for 10-year US Treasuries was rising 1.6 basis points to 4.24%. In eco...
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B and the Long-Term ICRs of ?bb+? of Ocean Harbor Casualty Insurance Company and its affiliates, Great Northwest Insurance Company and Hawaiian Insurance and Guaranty Insurance Company, Limited.
St. Louis Federal Reserve President Alberto Musalem said on Friday the U.S. central bank does not need to cut interest ?rates further unless the job market starts to ?deteriorate or inflation falls. The current 3.50%-3.75% policy ?rate range is neutral, Musalem ?said in ?remarks prepared for delivery to an event at ?the University of Arkansas.
US equity indexes slumped in midday trading on Friday as Kevin Warsh's nomination as Federal Reserve chair boosted the dollar while sending precious metals into a tailspin, and as producer price inflation turned hot in December.
Colombia's central bank raised its benchmark interest rate by 100 basis points to 10.25% on Friday, its first hike in nearly three years and a larger move than most analysts had expected, as policymakers pointed to rising inflation ?pressures, a sharp jump in inflation expectations and mounting fiscal and external risks.
U.S. President Donald Trump on Friday said he will nominate former Federal Reserve governor Kevin Warsh to return as Fed Chair in May, as the president continues his campaign for lower U.S. interest rates. Here are five key things to know about Warsh:?. YOUNGEST-EVER FED GOVERNOR, CRISIS-TESTED.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 2.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was declining 1.9% to $82,982, and the yield for 10-year US Treasuries was rising 1.6 basis points to 4.24%. In cor...
President Donald Trump said on Friday it would be inappropriate to ask Kevin Warsh, his nominee to be the next chair of the Federal Reserve, whether he ?would cut interest rates, but added he was confident Warsh was ?inclined to lower borrowing costs.
Dr. Christina Rahm, Chief Formulator and Lead Scientist of The ROOT Brands, and Clayton Thomas, CEO, were invited to attend the 56th Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland, under the theme "A Spirit of Dialogue."
US equity indexes dropped as Kevin Warsh's nomination as Federal Reserve chair boosted the dollar and sent precious metals into a tailspin, and as the producer price inflation rate jumped in December. The Nasdaq Composite dropped 1% to 23,457.1, with the S&P 500 down 0.8% to 6,914.2 and the Dow Jones Industrial Average lower by 1.1% to 48,563.1 after midday Friday.
The Toronto Stock Exchange is sharply lower in midday trading, plunging near 1,000 points with all sectors lower as fourth-quarter GDP data shows Canada is struggling for growth. The worst performers are miners, and info tech, followed by industrials. Tiago Figueiredo at Desjardins said the Canadian economy appears to have ended the year on very weak footing.
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.
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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