* Supreme Court rejects Trump's global tariffs. * US economic growth slows sharply in fourth quarter. * PCE inflation heats up in December. By Noel Randewich and Shashwat Chauhan. U.S. stocks ended higher on Friday, led by gains in Alphabet, Amazon (AMZN) and other Wall Street heavyweights ?after the Supreme Court struck down President Donald Trump's global ?tariffs.
Financial stocks advanced late Friday afternoon trading, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF rising 0.4%. The Philadelphia Housing Index increased 0.4%, and the State Street Real Estate Select Sector SPDR ETF was up 0.7%. Bitcoin was up 1.1% to $67,697, and the yield for 10-year US Treasuries was rising 1.1 basis points to 4.09%. In ec...
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of CL Life and Annuity Insurance Company.
Financial stocks advanced late Friday afternoon trading, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF rising 0.4%. The Philadelphia Housing Index increased 0.4%, and the State Street Real Estate Select Sector SPDR ETF was up 0.7%. Bitcoin was increasing 1.1% to $67,697, and the yield for 10-year US Treasuries was rising 1.1 basis points to 4.09...
While the U.S. Supreme Court's ruling on Friday against President Donald Trump's use of tariffs marks a clear setback for his use of trade levies as an economic weapon, analysts say it offers little immediate relief for the global economy.
While the U.S. Supreme Court's ruling on Friday against President Donald Trump's use of tariffs marks a clear setback for his use of trade levies as an economic weapon, analysts say it offers little immediate relief for the global economy.
In Canada, the release of Q4 GDP data is likely to attract a lot of attention next Friday. Although it probably remained positive, growth in final domestic demand may have slowed during the quarter, with a rebound in investment in machinery and equipment having likely been offset in part by lower spending in the residential and non-residential structures segments, according to National Bank.
* Dollar down but set for weekly gain. * Supreme Court rules against Trump's tariffs. * U.S. GDP growth falls short of expectations, impacted by government shutdown. By Chuck Mikolajczak.
* Supreme Court rejects Trump's global tariffs. * US economic growth slows sharply in fourth quarter. * PCE inflation heats up in December. * S&P 500 +0.57%, Nasdaq +0.85%, Dow +0.27% By Noel Randewich and Shashwat Chauhan. Feb 20 - U.S. stocks rallied on Friday, led by gains in Alphabet, Amazon (AMZN) and other Wall Street heavyweights, after the ?Supreme Court. struck down.
* Dallas Fed's Logan sees inflation ebbing but unclear if 2% target in sight. * Logan says monetary policy well positioned to deal with risks. * She says Supreme Court tariff ruling brings more uncertainty. By Michael S. Derby.
Walmart CFO John David Rainey doesn?t mince words, citing a ?hiring recession,? rising student loan delinquencies and trade uncertainty as reasons for a cautious FY2027 outlook. Despite Walmart (WMT) beating on revenue and EPS, the stock is down nearly 9% over the last 5 days. More unsettling details were buried in the CEO comments.
Dallas Fed President Lorie Logan said that she "cautiously optimistic" that inflation will slow and said that monetary policy is positioned to handle any economic outcomes. Recent comments of note: San Francisco Fed President Mary Daly said that the current stance of monetary policy is in "a good place" to wait and see how the economy evolves before taking additional steps to lower interest rates.
The advance estimate of Q4 GDP showed a 1.4% gain, slower than a 4.4% gain in Q3, with a slowdown in personal consumption growth to 2.4% from 3.5%. Government spending was subtraction from Q4 GDP, likely due to the government shutdown in the quarter.
U.S. President Donald Trump on Friday, ?citing his pick ?to succeed Federal Reserve ?Chair Jerome Powell, ?said he expected ?interest ?rates to come down substantially.
The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter and year ended December 31, 2025. ?As recent studies have found, access to Federal Home Loan Bank funding leads to increased local lending activity and broad financial stability,? said Randolph C. Snook, president and CEO of the FHLBNY.
Financial stocks advanced Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each rising 0.4%. The Philadelphia Housing Index was adding 0.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was increasing 1.3% to $67,810, and the yield for 10-year US Treasuries was rising 1.5 basis points to 4.09%. In secto...
AM Best has upgraded the Financial Strength Rating to A++ from A+ and the Long-Term Issuer Credit Ratings to ?aa+? from ?aa? for the members of RLI Group. The ratings reflect RLI?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
US consumer sentiment held largely steady this month, with high prices still a widespread concern even as year-ahead inflation expectations hit a 13-month low, final University of Michigan survey results showed Friday. The main sentiment index ticked up to 56.6 in February -- the highest since August -- from 56.4 last month.
December 2025 housing starts, measured at a seasonally adjusted annualized rate, rose 6.2% month over month to 1.40 million, a headline gain that appears constructive at first glance. The segment that carries the most weight, single-family homes, which account for roughly 70% of total starts, fell 9% year over year to 981,000 units.
According to CIBC's Avery Shenfeld, it won't be a surprise to either markets or the Bank of Canada if Q4 GDP next Friday shows a slight negative, but he said it underscores that we need to see a return to growth in Q1 for the central bank to stick with its "on hold" stance.
US equity indexes traded mixed as the Supreme Court struck down President Donald Trump's worldwide tariffs, the economy grew at a slower pace than forecast for Q4, and the Federal Reserve's preferred inflation gauge turned hot. The Nasdaq Composite rose 0.7% to 22,843.3, and the S&P 500 climbed 0.4% to 6,892.1 after midday Friday.
Dallas Federal Reserve President Lorie Logan said on Friday that while she expects inflation pressures to ebb as tariff impacts on the economy wane, she's not yet prepared to say what the next move for monetary policy should be.
US equity indexes traded mixed at midday Friday after the Supreme Court struck down President Donald Trump's punitive tariffs on international trade partners, and the economy grew at a slower pace than forecast for Q4.
The US Supreme Court on Friday invalidated President Donald Trump's reciprocal tariffs imposed under the International Emergency Economic Powers Act. Trump invoked the IEEPA to impose sweeping levies last year in a bid to reduce the country's trade deficit and boost American manufacturing. The Supreme Court, in a 6-3 ruling, struck down Trump's tariffs, according to media reports.
Full-year economic growth at 2.2% is "a pretty strong number" that is high enough to raise concerns about persistent inflation and likely require tight monetary policy to hold ?back the economy, Atlanta Fed President Raphael Bostic ?said on Friday.
Full-year economic growth at 2.2% is "a pretty strong number" that is high enough to raise concerns about persistent inflation and likely require ?tight monetary policy to hold back the economy, ?Atlanta Fed President Raphael Bostic said on Friday.
* Supreme Court ruling creates uncertainty over tariff refunds. * Yields rise also due to unexpected inflation increase in December. * Fed minutes reveal openness to rate hikes if inflation persists. By Karen Brettell.
* US Supreme Court rejects Trump's global tariffs. * US economic growth slows sharply in the fourth quarter. * US PCE inflation heats up in December. By Anmol Choubey. Gold prices rose on ?Friday, supported by weaker-than-expected U.S. GDP data, while investors ?weighed the U.S. Supreme Court's decision to strike down President Donald Trump's broad tariff plan.
* Supreme Court ruling to affect global markets. * US GDP growth slows, inflation rises. * Dollar set for largest weekly rise this year. * Gold prices fluctuate, Treasury yields rise post-tariff ruling. By Stephen Culp.
US consumer spending growth unexpectedly held steady in December, while the Federal Reserve's preferred inflation metric accelerated more than Wall Street's estimates to 3% year over year, delayed government data showed Friday. Personal consumption expenditures rose 0.4% in December, unchanged from the month prior, the Bureau of Economic Analysis said in a report.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced CAD 250 million, 3.784% senior unsecured medium-term notes, due February 2038, issued by Intact Financial Corporation. The net proceeds from Intact?s debt offerings will be used toward repayment of any amounts that it previously borrowed, and general corporate purposes.
* Dollar on pace for biggest daily drop in two weeks. * Supreme Court rules against Trump's tariffs. * U.S. GDP growth falls short of expectations, impacted by government shutdown. By Chuck Mikolajczak.
U.S. economic growth slowed more than expected in the fourth quarter, with government spending posting its biggest decline since 1972 because of last year's shutdown, but other data remained consistent with a steady pace of expansion. Most of the?drag on gross domestic product from the 43-day shutdown, however, will likely be reversed in the first quarter.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Ma?aden Re Limited, a captive reinsurer of Saudi Arabian Mining Company. The ratings reflect MRE?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
President Donald Trump seemingly flagged a disappointing end-of-year reading on U.S. economic growth before it was made public, criticizing the role Democrats played in an extended government shutdown last fall that pulled down the economy's headline output numbers. "The Democrat Shutdown cost the U.S.A. at least two points in GDP.
President Donald Trump seemingly flagged a disappointing end-of-year reading on U.S. economic growth before it was made public, criticizing the role Democrats played in an extended government shutdown last fall that pulled down the economy's headline output numbers. "The Democrat Shutdown cost the U.S.A. at least two points in GDP.
The University of Michigan consumer sentiment index was revised downwards Friday to a reading of 56.6 for February from the 57.3 print in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. That was higher than the final reading of 56.4 in January.
The stagflation narrative roared back to life Friday ? and precious metals wasted no time responding. Gold prices ? as tracked by the SPDR Gold Shares (GLD) ? jumped 1% to $5,060 per ounce, accelerating after the Bureau of Economic Analysis released weaker-than-expected fourth-quarter GDP data alongside firmer inflation readings. Silver climbed nearly 4%, pushing back above $81.
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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