US equity indexes fell on Friday as a layoff announcement at Block prompted fears of wider job displacement in favor of AI, sending Treasury yields to fresh lows on the year.
The Nasdaq Composite and the S&P 500 suffered back-to-back declines on Friday following a hot producer prices report, while both benchmarks logged their steepest monthly declines in almost a year.
US equity indexes fell this week as the producer price index turned hot and Nvidia's (NVDA) blowout beat-and-raise failed to stem the so-called AI-scare trade. * The S&P 500 closed at 6,878.88 on Friday versus 6,909.51 a week ago.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 4.4% senior unsecured notes, due February 2036, of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. The outlook assigned to this Credit Rating is stable. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances, are unchanged.
AM Best assigned the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? to Redbridge Insurance Company. The Credit Ratings assigned to RIC reflect its reinsurance agreement with RICL.
Royal Caribbean Group completed a registered public offering of $1.25 billions of 4.75% senior unsecured notes due 2033 and $1.25 billion of 5.25% senior unsecured notes due 2038. The notes will mature on May 15, 2033, and Feb. 27, 2038, unless earlier redeemed or repurchased, the company said Friday in a statement.
MIAMI, Feb. 27, 2026 Royal Caribbean Cruises Ltd. (RCL) today announced that it has completed its registered public offering of $1.25 billion aggregate principal amount of 4.750% senior unsecured notes due 2033 and $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2038.
US equity indexes were down Friday following a higher-than-expected producer price report and continued pressure on technology stocks. * The Bureau of Labor Statistics said Friday the US Producer Price Index rose by 0.5% in January following a 0.4% increase in December, and higher than the 0.3% gain expected in a Bloomberg survey.
Financial stocks declined in Friday trading with the NYSE Financial Index falling 2% and the State Street Financial Select Sector SPDR ETF dropping 2.1%. The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF gained 0.5%. Bitcoin fell 2.8% to $65,649, and the yield for 10-year US Treasuries dropped 5.5 basis points to 3.96%. In economic news, the US pr...
Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index dropping 2% and the State Street Financial Select Sector SPDR ETF falling 2.1%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was falling 2.8% to $65,649, and the yield for 10-year US Treasuries was dropping 5.5 basis points t...
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Seguros Universales, S.A.. The Credit Ratings reflect Universales? balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk manag...
Securitization is Backed by Trust Preferred Securities, Subordinated Debt, Senior Unsecured Notes, and Surplus Notes EJF Capital LP today announced the closing of TruPS Financials Note Securitization 2026-1, an approximately $305 million securitization backed by trust preferred securities, subordinated debt, senior unsecured notes, and surplus notes issued by U.S. community banks and insurance ...
* Canadian dollar gains 0.4% against the greenback. * Touches an 11-day high at 1.3626. * Canada's fourth-quarter GDP decreases 0.6% on annualized basis. * Ten-year yield approaches three-month low. By Fergal Smith.
* US Senate will decide whether to confirm Warsh as next Fed chief. * Powell's term as head of US central bank ends on May 15. * Department of Justice investigation into Powell complicates Warsh nomination. * Trump wants a Fed chief who will deliver big interest rate cuts. By Ann Saphir.
California and nine states' financial officers urged President Trump to honor the Supreme Court's ruling striking down his tariffs, citing harm to state budgets and the need for economic predictability.
Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.5%. The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was falling 2.6% to $65,473, and the yield for 10-year US Treasuries was dropping to around 3.97%. In eco...
Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.5%. The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.9%. Bitcoin was falling 2.8% to $65,598, and the yield for 10-year US Treasuries was dropping 3.7 basis points...
President Donald Trump has yet to formally nominate Kevin Warsh to succeed Jerome Powell as head of the Federal Reserve, a delay that, while not unprecedented, is also not typical and adds to uncertainty in a process clouded by concerns about political pressure on the U.S. central bank. Trump named Warsh, a former Fed governor, as his nominee four weeks ago.
* US Senate will decide whether to confirm Warsh as next Fed chief. * Powell's term as head of US central bank ends on May 15. * Department of Justice investigation into Powell complicates Warsh nomination. * Trump wants a Fed chief who will deliver big interest rate cuts. By Ann Saphir.
* US 10-year yields hit lowest since November. * Belly of the curve outperforms, with multi-month lows in yields. * US 2/10 yield curve flattens again. * US PPI hotter than expected, but impact is brief. By Gertrude Chavez-Dreyfuss.
All three major US stock indexes were down in late-morning trading Friday, with the Dow Jones Industrial Average down over 1%, as stocks fell after the release of a hotter-than-expected producer price index earlier in the day. The US Producer Price Index rose by 0.5% in January, well above the 0.3% gain expected in a survey compiled by Bloomberg and up from the 0.4% rise in December.
The European stock markets were mostly higher in Friday trading as The Stoxx Europe gained 0.2%, Germany's DAX was up 0.1%, the FTSE 100 rose 0.7%, France's CAC was off 0.5%, and the Swiss Market Index increased 0.7%. In France, GDP decelerated in Q4, expanding 0.2% after growing 0.5% in Q3, according to the Institute of Statistics and Economic Studies, or INSEE.
The U.S. dollar was headed for its first monthly gain since October on Friday, although an earlier rally on hotter-than-expected producer price data for January faded as traders squared positions for the month-end and ahead of the weekend. The U.S. currency got a boost after data showed the Producer Price Index for final demand rose 0.5% last month.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of ICICI Lombard General Insurance Company Limited.
* PPI rose 0.5% in January, exceeding expectations. * Dollar gains amid US-Iran tensions and potential conflict. * Dollar index heads for first monthly gain since October. By Karen Brettell. The U.S. dollar rose on Friday after hotter-than-expected producer price data for January and on concerns about rising tensions between the United States and Iran.
U.S. construction spending increased in December, lifted by a rebound in single-family homebuilding as well as ongoing strength in home renovations. The Commerce Department's Census Bureau said on Friday that construction spending rose 0.3% after falling 0.2% in November. Spending on private construction projects rose 0.5% in December after easing 0.2% in November. Renovations increased further.
US producer prices rose at the fastest pace in four months in January as growth in the services index hit the highest since July, government data showed Friday. The producer price index increased 0.5% on a seasonally adjusted basis, accelerating from a 0.4% rise in December and representing the biggest gain since September, the Bureau of Labor Statistics said.
US construction spending rose by 0.3% in December, compared with a 0.2% increase expected in a survey compiled by Bloomberg and following a 0.2% decrease in November.
AM Best affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group.
The Canadian economy contracted modestly in Q4, although it ended the quarter on a slightly better footing than originally estimated, said CIBC after Friday's gross domestic product data release.
Fairfax Financial Holdings Friday said its has completed its $650 million senior notes offering. The company completed an offering of $400 million of 4.40% notes due 2036 and an additional $250 million of 5.10% notes due 2055. Proceeds will be used to pay down debt or to pursue potential acquisition or investment opportunities. MT Newswires does not provide investment advice.
Canadian real gross domestic product rose 0.2% month over month in December, driven by increases in both services-producing and goods-producing industries, said the country's statistical agency on Friday. December's GDP growth beat a 0.2% month-over-month consensus contraction provided by Scotiabank.
U.S. producer prices accelerated in January, with the cost of goods outside the volatile food and energy category increasing by the most in more than three and a half years as businesses passed on import tariffs and raised prices at the start of 2026.
U.S. producer prices increased more than expected in January, likely as businesses passed on higher costs from import tariffs, suggesting inflation could pick up in the months ahead. The Producer Price Index for final demand rose 0.5% last month after advancing by a downwardly revised 0.4% in December, the Labor Department's Bureau of Labor Statistics said on Friday.
The US Producer Price Index rose by 0.5% in January following a 0.4% increase in December, well above a 0.3% gain expected in a survey compiled by Bloomberg. Energy prices fell by 2.7% in the month, while food prices declined by 1.5%. After excluding food and energy prices, core PPI rose by 0.8%, well above the 0.3% gain expected and following a 0.6% gain in the previous month.
* * Economic contraction driven by business inventory drawdown. * Full-year growth 1.7%, in line with Bank of Canada forecast. * GDP growth might stall in January on manufacturing slowdown. By Promit Mukherjee.
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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