PPL said Monday that it is planning a public offering of 20 million units at $50 each, for a total of $1 billion. The company said each unit will consist of a contract to purchase a PPL common share and two 1/40 ownership interests in PPL Capital Funding's remarketable senior notes, each with a $1,000 principal amount.
The Federal Home Loan Bank of Chicago, in partnership with member Spring Bank, Brookfield, Wis., last week presented two Community First? Developer Program awards to Milwaukee-based developers AK Development and Milwaukee Development Corporation. This press release features multimedia.
Itron, Inc. (ITRI), which is innovating new ways for utilities and cities to manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $600.0 million aggregate principal amount of convertible senior notes due 2032 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act o...
Upgrades reflect strengthened balance sheet, improved liquidity profile, and disciplined execution against its financial and strategic priorities Lumen Technologies (LUMN) today announced that it has received upgraded ratings from all three major global ratings agencies ? Fitch Ratings, Moody?s Investor Service, and S&P Global ? marking a significant milestone in the company?s multi-year financial and...
U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.
Nvidia's (NVDA) earnings report is this week's centrepiece for markets, flanked by important data and politics in Europe, where both politicians and central bankers are jostling for top jobs.
U.S. and foreign officials, corporate executives, analysts and investors?had begun to hope the tumultuous U.S. trade policy reversals of last year were finished.
* Supreme Court ruling puts trade policy back in flux. * Trump suggests new 15% global levy as temporary workaround. * A "ding" to U.S. growth with rules in flux. By Howard Schneider. U.S. and foreign officials, corporate executives, analysts and investors had begun to hope the tumultuous U.S. trade policy reversals of last year were finished.
European Central Bank President Christine Lagarde ?receives about ?140,000 euros a ?year as a Bank ?for International Settlements ?board ?member despite an ECB ?ban on ?third-party payments to staff, the Financial ?Times ?reported ?on Monday.
The Bank of Japan may raise interest rates as soon as March if the yen renews its slide ahead of a U.S.-Japan summit expected to be held during the month, former central bank board member Makoto Sakurai told Reuters.
* U.S. rate checks show Washington's preference for strong yen. * April hike makes better sense but yen moves may trigger March. * BOJ may need to hike rates twice each in 2026, 2027. * Hiking rates at faster pace may stoke financial system risk. By Leika Kihara.
HYDERABAD, India, Feb. 23, 2026 ?According to Mordor Intelligence's latest report, the?sustainable finance market size?is expanding from USD 13.4 trillion in 2025 to USD 15.06 trillion in 2026, and is projected to approach USD 26.93 trillion by 2031, growing at a CAGR of 12.34%. Europe continues to hold the largest share of sustainable capital, while Asia-Pacific is?emerging?rapidly as ins...
Oil prices slipped on Monday after President Donald Trump said ?he would raise ?U.S. tariffs on global imports, creating ?uncertainty for world economic growth ?and fuel consumption.
The past week has been a whirlwind of economic and political events. Republican lawmakers have expressed their opposition to President Donald Trump?s new 10% global tariff. Read the full article here. U.S. heavy vehicle sales, a powerful leading indicator, are signaling caution. Read the full article here.
Risks to euro zone inflation are "significant" in either direction, a top European Central Bank policymaker warned on Saturday, adding that the impact on prices of cheap Chinese imports ?warranted close attention.
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.
The Supreme Court's ruling against a broad set of the Trump administration's tariffs poses new questions for Federal Reserve policymakers who have spent the last year trying to understand how the president's sharply higher import taxes would affect inflation and the economic trajectory.
* Fed has spent the last year trying to unravel tariff impact on inflation. * Supreme Court ruling invalidates some of Trump's tariffs. * Treasury secretary says he will ensure tariff revenues do not decline. By Howard Schneider and Ann Saphir.
Bond markets believed Trump would likely keep tariffs in place in some form ? even before the president made his announcement later in the afternoon ? which partly explains their muted response throughout the day.
* Supreme Court ruling to affect global markets. * Trump angrily reponds to ruling, vowing fresh round of tariffs. * All three major U.S. stock indexes notch weekly gains. * STOXX 600 logs record closing high. * US GDP growth slows, inflation rises. By Stephen Culp.
Capital Clean Energy Carriers (CCEC) said late Friday it priced an offering of 250 million euros of 3.75% unsecured bonds due 2033 to investors in Greece. The offering is expected to be completed by Feb. 25, subject to closing conditions, the company said. Proceeds will be used to repay debt and for working capital, the company added. MT Newswires does not provide investment advice.
Capital Clean Energy Carriers Corp. (CCEC), an international owner of ocean-going vessels, today announced that it has successfully priced the offering of ?250 million of unsecured bonds to investors in Greece which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange.
* 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.
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.
Log In Required
Publication Date