* January jobs data supports Fed's decision to hold rates steady. * Traders trim bets on rate cuts, still see June as likely next Fed move. * Frozen job market in 2025 tied to lower immigration, rise in productivity growth. By Ann Saphir.
* Premium brands thrive as affluent consumers spend freely. * Value-focused firms face spending pullback from budget shoppers. * K-shaped recovery highlights income disparity in US consumer spending. By Shivansh Tiwary and Juveria Tabassum.
* US deficit-to-GDP ratio to average 6.1% over next decade, unusual for peacetime economy, CBO says. * CBO predicts 2026 economic growth at 2.2%, far lower than Trump administration. * Growth in interest costs from growing debt dwarfs discretionary spending cuts. By David Lawder and Richard Cowan.
? FY 25 sales of ?19,414.6m, boosted by organic growth and acquisitions. ? FY 25 current adjusted EBITA margin at 6.0% up +10bps versus the 5.9% reported in 2024, demonstrating market outperformance and margin resilience in a challenging environment ? FY 25 operating income stood at ?1,061.6m, including exceptional items.
With the Norwegian inflation figures for January, even those who still had doubts despite the recent statements made by Norges Bank should now realize that interest rate cuts by Norway's central bank are off the table for the time being, said Commerzbank. This is because inflation rates rose to 3.6% and 3.4% year-on-year, wrote the bank in a note to clients.
Citigroup (C/PN) incoming Chief Financial Officer Gonzalo Luchetti said on Wednesday that he sees continued growth in the bank's credit card business, ?but warned that a proposed interest-rate cap would ?have "massive ripple effects" across the U.S. economy.
After cutting interest rates by three-quarters of a percentage point in 2025, Federal Reserve policymakers held the policy rate steady in January, citing a stabilizing job market and inflation that's stuck somewhat above the central bank's 2% target. Here is a look at Fed officials' recent comments, sorting them under ?the labels "dove" and "hawk" as shorthand for their monetary policy leanings.
Georgia's central bank Wednesday said its Monetary Policy Committee decided to keep the monetary policy rate unchanged at 8.0%. The overall price level in Georgia increased by 4.8% year-on-year in January.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
? FY 25 sales of ?19,414.6m, boosted by organic growth and acquisitions. ? FY 25 current adjusted EBITA margin at 6.0% up +10bps versus the 5.9% reported in 2024, demonstrating market outperformance and margin resilience in a challenging environment ? FY 25 operating income stood at ?1,061.6m, including exceptional items.
The U.S. economy added 130,000 jobs in January, nearly double the 70,000 economists expected and the strongest monthly gain in months. Expectations were rock bottom heading into the report. White House economic advisor Kevin Hassett had pre-emptively told CNBC not to ?panic? and to expect ?slightly smaller job numbers.
With inflation in Switzerland declining sharply, the Swiss central bank cut its policy rate from 0.5% to 0% in the first half of 2025, said UBS. In the second half, it remained unchanged, noted the bank. The SNB stated last July that the threshold for reducing rates into negative territory was high, pointed out UBS.
U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, signs of labor market stability that could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflation.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of ACMAT Corporation [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of ACMAT?s wholly owned subsidiary, ACSTAR Insurance Company.
European Central Bank President Christine Lagarde called on EU leaders on Wednesday to take urgent action in critical areas, including potentially divisive joint debt issuance, ?to make the bloc more resilient ?in turbulent times, a source told Reuters.
The US economy added more jobs than projected in January, while the unemployment rate slipped, delayed official data showed Wednesday. Total nonfarm payrolls rose by 130,000 last month, the Bureau of Labor Statistics said, double the 65,000 increase expected in a Bloomberg-compiled survey.
* Indexes up: Dow 0.41%, S&P 500 0.54%, Nasdaq 0.55% * US job growth accelerates in January, unemployment falls. * Moderna (MRNA) down after FDA declines to review new flu vaccine. * Robinhood slumps after Q4 revenue misses expectations. By Twesha Dikshit and Purvi Agarwal.
The U.S. central bank needs to keep tight monetary policy in place for now amid continued strong economic growth, Kansas City Federal Reserve President Jeffrey Schmid said on Wednesday, cautioning that it was too early ?to bank on rising productivity as a remedy for ?still-elevated inflation.
Zambia's central bank Wednesday said its Monetary Policy Committee decided to reduce the Monetary Policy Rate by 75 basis points to 13.5%. The MPC took into account the further decline in inflation in Q4 2025, the projected faster fall of inflation into the 6%-8% target band than was forecast in November 2025, and the need to maintain an appropriate monetary policy stance, noted BoZ.
* Labor market report exceeds expectations, dampening Fed rate cut hopes. * Unemployment rate drops to 4.3%, nonfarm payrolls rise by 130,000. * Fed rate cut expectations for March drop to 6% after jobs data. By Chuck Mikolajczak.
Gevo (GEVO) said Wednesday that it closed a refinancing transaction on Feb. 6 to simplify its capital structure. The company said it redeemed all $68 million of existing tranches of bonds relating to its renewable natural gas subsidiary, freeing up more than $35 million of previously restricted cash without a material change to its outstanding debt and with lower administrative costs.
Wall Street's main indexes ?opened higher on ?Wednesday following a ?stronger-than-expected jobs data ?that pointed ?to ?a resilient U.S. economy, ?while ?the unemployment rate ticked lower ?for ?January. The ?Dow Jones Industrial Average rose 55.0 points, ?or 0.11%, ?to 50,243.15 at the open.
Wall Street's main indexes ?opened higher on ?Wednesday following a ?stronger-than-expected jobs data that ?pointed to ?a ?resilient U.S. economy, ?while ?the unemployment rate ticked lower for ?January. The ?Dow ?Jones Industrial Average rose 55.0 points, ?or 0.11%, to ?50,243.15 at the open.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Momentum Life Limited. The ratings reflect Momentum Life?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
* US job growth accelerates in January. * US unemployment rate falls to 4.3% * US dollar edges down to near two-week lows. * US 10-year Treasury bond yields fall to near one-month low. By Anmol Choubey.
National plaintiffs? law firm Berger Montague PC announces that a class action lawsuit has been filed against SLM Corporation (SLM) a/k/a Sallie Mae on behalf of investors who purchased or otherwise acquired Sallie Mae securities during the period of?July 25, 2025 through August 14, 2025, inclusive.
U.S. nonfarm payrolls increased last month and the jobless rate ticked lower, beating forecasts and bolstering expectations that the Federal Reserve will keep interest rates steady as it gauges inflation trends. MARKET REACTION:??. STOCKS: U.S. stock?futures? rose after the jobs data. BONDS: U.S. Treasury yields increased after the payrolls ?report.
* Futures up: Dow 0.4%, S&P 500 0.4%, Nasdaq 0.4% * US job growth accelerates in January, unemployment falls. * Moderna (MRNA) down after FDA declines to review new flu vaccine. * Humana, Lyft (LYFT) fall after downbeat forecasts. By Twesha Dikshit and Purvi Agarwal.
By Jamie McGeever. U.S. labor's share of national income has fallen to 53.8%, the lowest since records began. The benefits of cost savings and efficiency gains generated by any incipient artificial intelligence boom are more likely to flow to companies and shareholders, with workers' share of ?the country's economic pie shrinking further.
Numerator, a consumer data and technology company, released its January 2026 Numerator Consumer Price Index with an advance read on inflation trends across everyday consumer goods. Similar to the U.S. Bureau of Economic Analysis? Personal Consumption Expenditures price index, the Numerator CPI tracks prices and changes in consumer purchases over time.
Gold rose early Wednesday, firming above the US$5,000 mark even as treasury yields and the dollar climbed after the United States reported it added more new jobs than expected in January. Gold for March delivery was last seen up US$33.00 to US$5,064.00 per ounce.
Mandate aims to generate risk-managed yield on SVRN's NEAR holdings to help fund AI infrastructure growth ATHENS, Greece and NEW YORK, Feb. 11, 2026 SovereignAI Services LLC, a wholly owned subsidiary of OceanPal Inc. (SVRN) that fuels the infrastructure for secure, autonomous AI, today announced that it has appointed G-20 Group as asset manager for a new NEAR treasury yield strategy.
Federal Reserve policymakers look likely to keep interest rates on hold for longer after data on Wednesday showed the U.S. job market began 2026 on better footing than expected, but revisions showing payroll growth all but stalled last year will keep alive concerns about a weakening labor market.
U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, signs of labor market stability that could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflation.
The January employment report showed nonfarm payrolls rose by 130,000, double the 65,000 jobs increase expected in a survey compiled by Bloomberg, but December payrolls were revised down to a 48,000 increase and November payrolls were revised down to a 41,000 increase, for a net downward revision of 17,000 jobs over the two months.
InPlay Oil Wednesday said it completed its previously announced offering of 550 million New Israeli Shekels principal amount of senior unsecured bonds in Israel. The company said that the bonds bear interest at a rate of 6.23% per annum and are due Dec. 15, 2030. The company also announced that it completed the listing of its common shares and the bonds on the Tel Aviv Stock Exchange.
* Nonfarm payrolls increase 130,000 in January. * Benchmark revisions show 862,000 fewer jobs in the 12 months through March 2025. * Unemployment rate falls to 4.3% from 4.4% in December. By Lucia Mutikani.
The prepaid gas sector, once a small niche sector in the muni market, has grown exponentially over the years, with issuance reaching a record $31.4 billion in 2025.
U.S. stock index futures extended gains on ?Wednesday after a jobs ?report showed nonfarm payrolls ?rose more than expected ?and the unemployment ?rate ?ticked lower in January. A Labor ?Department report ?showed nonfarm payrolls increased 130,000 in January, ?compared with ?an ?estimated 70,000 rise, according to economists polled by ?Reuters.
U.S. stock index futures extended gains on ?Wednesday after a jobs ?report showed nonfarm ?payrolls rose more than expected ?and the unemployment ?rate ?ticked lower in January. A Labor Department ?report ?showed nonfarm payrolls increased 130,000 in January, ?compared with ?an ?estimated 70,000 rise, according to economists polled by Reuters.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust was up 0.1% and the actively traded Invesco QQQ Trust was 0.2% higher in Wednesday's premarket activity, ahead of the delayed employment report. US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.2% before the start of regular trading.
Argentina's January consumer price index printed at 2.9% month over month, or 32.4% year over year, which is above the market consensus of 2.4%, while marking the highest. monthly reading since last April, said BBVA Research.
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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