U.S. existing home sales tumbled to the lowest level in more than two years in January as falling inventory raised house prices. Home sales dropped 8.4% last month to a seasonally adjusted annual rate of ?3.91 million units, the lowest level since December 2023, ?the National Association of Realtors said on Thursday.
U.S. existing home sales tumbled to the lowest level in more than two years in January as falling inventory raised house prices. Home sales dropped 8.4% last month to a seasonally adjusted annual rate of ?3.91 million units, the lowest level since December 2023, ?the National Association of Realtors said on Thursday.
Existing-home sales decreased by 8.4% in January, according to the National Association of REALTORS? Existing-Home Sales report. Month-over-month and year-over-year sales fell in all regions. ?The decrease in sales is disappointing. ?Due to low supply, the median home price reached a new high for the month of January,? Yun added.
The pace of US existing home sales fell by 8.4% to a 3.91 million seasonally adjusted annual rate in January from 4.27 million in December, compared with a smaller expected decrease to a 4.15 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Thursday showed. Total sales were down 4.4% from a year earlier and were the lowest since December 2023.
The economic temperature for Canada will be "lukewarm" in 2026, but with a little more heat turned up by the end of the year, said TD. The bank anticipates 2026 will end with an economy 1.4% larger than 2025, which doesn't sound like much but would be an improved pace from last year's 0.8% pace. Greater government spending and ongoing household income gains support activity, stated TD.
AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac?s credit risk transfer programs?Freddie Mac?s Agency Credit Insurance Structure and Fannie Mae?s Credit Insurance Risk Transfer.
* US job growth increases in January. * Trump, Netanyahu not yet at "definitive" Iran agreement. * Inflation data due on Friday. By Anjana Anil. Gold prices eased on Thursday as strong U.S. labour data ?that dampened hopes of near-term Federal Reserve rate ?cuts offset safe-haven demand stirred by geopolitical tensions between the U.S. and Iran.
State lawmakers introduced bills to eliminate sales tax exemptions and tax credits for data centers and mandate public disclosure of water and electricity use.
* Weekly jobless claims fall 5,000 to 227,000. * Continuing claims increase 21,000 to 1.862 million. * Existing home sales tumble 8.4% in January. By Lucia Mutikani.
Wall Street's main indexes inched higher ?on Thursday, ?a day after ?robust jobs growth ?and a dip ?in unemployment ?eased concerns around ?the U.S. ?economy, while investor attention turned to ?a ?slew ?of corporate earnings. The Dow Jones Industrial ?Average rose 48.9 ?points, or 0.10%, to 50,170.27 at the ?open.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
Royal Caribbean Cruises (RCL) said Thursday it has launched a registered public offering of senior unsecured notes. The company said it intends to use net proceeds from the offering to refinance its senior notes maturing in 2026 and repay existing debt. MT Newswires does not provide investment advice.
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of C and the Long-Term ICRs of ?ccc+? of United Equitable Insurance Company and American Heartland Insurance Company, which are referred to as United Equitable Insurance Group or UEIG.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Colina Insurance Limited. The ratings reflect Colina?s balance sheet strength, which AM Best assesses at the strong level, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
US equity futures were up before Thursday's opening bell as traders digest jobless claims data and awaited the home sales report. Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.5% higher.
By Jamie McGeever. What would need to happen for the Federal Reserve to raise U.S. interest rates? So the fact that the current market debate surrounds the number of expected rate cuts this year should give pause to investors and policymakers alike. The case for raising rates is every bit as strong right now as the ?case for putting cuts on hold and maintaining an easing bias.
Major brokerages, including Goldman Sachs (GS) and Morgan Stanley (MS), expect the U.S. Federal Reserve to deliver its next interest-rate cut in June, while ?J.P. Morgan sees the next move ?as a hike in 2027.
MIAMI, Feb. 12, 2026 Royal Caribbean Cruises Ltd. (RCL) today announced that it has commenced a registered public offering of senior unsecured notes. The Company intends to use the net proceeds from the sale of the Notes to refinance its senior notes maturing in 2026 and any remaining net proceeds to repay existing indebtedness, which may include term loans.
Muni SMAs now hold an estimated $1.3 trillion in assets under management across around 180 managers, per J.P. Morgan. Meanwhile, ETF muni holdings are at $163.1 billion, up 22.4% year-over-year, as of the third quarter of 2025, according to the latest Federal Reserve data.
The number of Americans filing new applications for unemployment benefits decreased by less than expected last week, likely as disruptions from winter storms lingered. Initial ?claims for state unemployment benefits dropped 5,000 ?to a seasonally adjusted 227,000 for the week ended February 7, the Labor ?Department said on Thursday.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2025 FINANCIAL RESULTS Source text: Further company coverage:
US initial jobless claims fell to a level of 227,000 in the week ended Feb. 7 from an upwardly revised 232,000 level in the previous week, compared with expectations for a larger decrease to 223,000 in survey of analysts compiled by Bloomberg. The four-week moving average rose by 7,000 to 219,500 after increasing by 6,250 to a level of 212,500 in the previous week.
Long-dated U.S. Treasury yields will hold steady in the near term but rise later this year on inflation and Federal Reserve independence concerns, while short-dated yields edge down on Federal Reserve rate cut bets, a Reuters survey showed on Thursday.
US equity futures were cautiously higher pre-bell Thursday ahead of data on jobless claims and home sales. Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were also 0.3% higher.
Freddie Mac today reported its Fourth Quarter and Full-Year 2025 financial results and filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, February 12, 2026, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
The US dollar fell against its major trading partners early Thursday, except for an increase versus the yen, ahead of the release of weekly jobless claims at 8:30 am ET and existing-home sales data for January at 10:00 am ET.
* Gold falls as investors assess economic data. * US job growth accelerates in January. * Weekly jobless claims, inflation data next in focus. By Noel John. Gold prices ticked lower ?on Thursday, after unexpectedly strong U.S. jobs data ?for January tempered expectations of more near-term interest rate cuts by the Federal Reserve.
US equity markets were tracking in the green before the opening bell Thursday as traders digest a strong jobs report and await the latest batch of corporate earnings. The S&P 500 and the Dow Jones Industrial Average increased 0.3% each in premarket activity, while the Nasdaq added 0.2%. The Nasdaq and the Dow finished the previous trading session lower, while the S&P 500 was flat.
* FTSE 100 up 0.1%, FTSE 250 down 0.2% * Schroders (SHNWF) surges after Nuveen buyout announcement. * UK GDP ?growth stagnates at 0.1% in Q4. * Unilever (UL) warns ?of weak 2026 sales growth in US, Europe.
Advanced Drainage Systems, Inc. (WMS), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries, today announced that the Company intends, subject to market and other conditions, to commence an offering of up to $500 million aggregate principal amount of senior unsecured notes due 2034 in a private transaction exempt from the registration requirem...
Feb 12 - ?. What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets. World stock markets have been?pretty buoyant?as they digest the robust U.S. January employment report and dampened Federal Reserve rate cut expectations.
By Mike Dolan. Feb 12 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets. World stock markets have been pretty buoyant as they digest the robust U.S. January employment report and dampened Federal Reserve rate cut expectations. I'll get into that and more below.
AST SpaceMobile, Inc. (ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the pricing of $1.0 billion aggregate principal amount of 2.250% convertible senior notes due 2036 in a private offering to persons reasonably believed to be qualified institut...
Euro zone benchmark Bund yields fell slightly on Thursday to multi-week lows as investors looked to further U.S. data for guidance, though any spillover into the euro area is expected to be ?limited. While markets priced in more Federal Reserve rate cuts, ?the European Central Bank has been firmly on hold since last summer, reducing volatility in the euro area's fixed-income market.
Wall Street futures pointed moderately higher pre-bell Thursday after the Wednesday national jobs report suggested a US economy still expanding, and as tech shares regained footing after recent wobbles.
Futures tracking Canada's main stock index rose on Thursday, mirroring moves on Wall Street, after unexpectedly strong U.S. jobs data signaled a stable labor market. March futures on the S&P/TSX ?composite index were up 0.28%, as of 5:48 ?a.m. ET, tracking a similar-sized move in U.S. stock future indexes.
* Global tourism rises, but U.S. sees near 6% drop in foreign visitors. * Trump's policies cited as reason for reduced U.S. travel appeal. * Canadians shift to Disney vacations abroad amid U.S. travel decline. By Doyinsola Oladipo and Charlotte Van Campenhout.
Societe Generale in its early Thursday economic news summary pointed out: -- United States Treasury yields steady in Asia after lift from "stellar" employment report on Wednesday, 172,000 gain in private payrolls was the strongest since December 2024, expanding labor force, drop in jobless rate to 4.3%, stronger earnings.
T-Mobile US (TMUS) said Thursday that its subsidiary plans to offer euro-denominated senior notes in a public offering, subject to market conditions. The company said net proceeds may be used for general corporate purposes, including share repurchases, potential dividends, and refinancing existing debt. MT Newswires does not provide investment advice.
* Futures up: Dow 0.4%, S&P 500 0.3%, Nasdaq 0.3% U.S. stock index futures edged higher on Thursday as stronger jobs growth and ?a fall in unemployement rate eased concerns over the ?economy, while markets awaited inflation data and corporate earnings. Traders dialed back bets on interest-rate cuts following the data.
In a ?closed-door meeting with ?Senate Republicans ?Wednesday, U.S. Treasury ?Secretary ?Scott ?Bessent agreed with lawmakers ?who ?suggested the Senate Banking ?Committee could ?investigate ?Federal Reserve Chair Jerome ?Powell, instead of ?the Justice Department, Semafor ?reported ?on Thursday, ?citing sources. Reuters ?could not immediately verify the report.
RXO said late Wednesday it priced a $400 million offering of 6.375% senior notes due 2031. The company intends to use the net proceeds to repurchase or redeem all of its 7.5% notes due 2027 and for general corporate purposes. MT Newswires does not provide investment advice.
A mortgage contract ?clause containing a reference ?to the Warsaw ?Interbank Offered Rate ?does not, ?in ?principle, create a ?significant imbalance between ?the bank and the ?consumer, the ?top ?EU court said on Thursday.
* Gold falls as dollar firms on robust US jobs data. * US job growth accelerates in January. * Weekly jobless claims, inflation data next in focus. By Noel John. Gold prices ticked lower ?on Thursday, after unexpectedly strong U.S. jobs data for ?January dented hopes for more interest rate cuts from the Federal Reserve in the near term, while a ?firmer dollar added to pressure on the market.
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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