Financial stocks were decreasing late Thursday afternoon, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF down 0.7%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 4.1% to $68,445, and the yield for 10-year US Treasuries climbed 8.8 basis points ...
Federal Reserve Governor Lisa Cook said on Thursday that the largest U.S. banks have "very high levels of resilience," but added that policymakers need to be vigilant about monitoring risk and mapping out potential financial stability problems ahead of time. Her prepared remarks did not touch on her views about monetary policy or the economic outlook.
Carolyn Rogers, Senior Deputy Governor at the Bank of Canada, delivered a speech Thursday that was not as "overtly dovish" as the one presented last week by her boss, Governor Tiff Macklem, but she did again highlight downside risks to the economy, while not providing any clues on a near-term monetary policy response to the current oil shock, notes Tiago Figueiredo, a macro strategist at Desjar...
The Bank of Mexico on Thursday cut its benchmark interest rate by 25 basis points to 6.75% in a sharply divided vote that was one of the most closely watched and uncertain decisions in recent years.
Seasoned financial and strategic leader brings decades of capital markets and global economic experience to advise on Greenland Energy's Arctic development plans HOUSTON, March 26, 2026 /PRNewswire/ -- Greenland Energy Company today announced the appointment of Joe?Moglia as Executive Advisor to the Board of Directors of the Company, following its closing of the business combination with Pelica...
US housing costs and mortgage rates are on the up amid the uncertainty and inflation concerns caused by the ongoing Middle East conflict, sending some prospective homebuyers to the sidelines, Redfin said Thursday. The weekly average 30-year fixed mortgage rate hit a three-month high of 6.22% in the week through March 19, the online real estate brokerage said, citing Freddie Mac data.
Financial stocks were decreasing late Thursday afternoon, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF down 0.7%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 4.1% to $68,445, and the yield for 10-year US Treasuries climbed 8.8 basis points ...
The Bank of Mexico cut its benchmark interest rate by 25 basis points on Thursday, to 6.75%, in one of the most highly anticipated decisions by the central bank in recent years. The decision by the central bank's five-member governing board was 3-2, the bank said in a statement.
Bitcoin has outperformed nearly every major asset class during the US-Iran conflict, according to Galaxy Digital Inc CEO Mike Novogratz. Novogratz said he expects BTC to grind toward $80,000 before meeting real resistance. Bitcoin dipped to $67,000 earlier this month as oil spiked above $100 and Treasury yields surged. Korea, Japan, gold and silver all got hit harder.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Black Gold Re Limited. The ratings reflect BGRe?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The Kansas City Federal Reserve's manufacturing index rose to 11 in March from 5 in February, indicating faster expansion. Initial jobless claims increased by 5,000 to 210,000 in the week ended March 21, but the four-week moving average fell by 250 to 210,500, a fourth straight decrease. Insured claims fell by 32,000 to 1,819,000 million in the employment survey week ended March 14.
Financial stocks were decreasing Thursday afternoon, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 0.6%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was declining 3.3% to $68,952, and the yield for 10-year US Treasuries climbed 8 basis points to 4.40%. In ec...
* US plan for ending war 'one-sided', senior Iranian official says. * US weekly jobless claims increase slightly. * Silver, palladium down 5% By Ashitha Shivaprasad.
AM Best has removed from under review with positive implications and affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Sompo Seguros Mexico, S.A. de C.V.. The outlook assigned to the FSR and NSR is stable, while the outlook assigned to the Long-Term ICR is positive.
US equity indexes fell midday Thursday after President Donald Trump's warning that Iran "get serious" in working out a peace deal with Washington sent crude oil futures and government bond yields higher.
Financial stocks were decreasing Thursday afternoon, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 0.6%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was declining 3.3% to $68,952, and the yield for 10-year US Treasuries climbed 8 basis points to 4.40%. In ec...
Brazil's central bank is going to offer up to $1 billion across two simultaneous dollar auctions with repurchase agreements, it said on Thursday. In a statement, the central bank said the auctions will start at 2:30 p.m. local time.
The Bank of Canada on Thursday predicted it would have "a tough job" tackling the structural changes that it said were set to permanently alter the country's economic landscape. Senior deputy governor Carolyn Rogers also said the next five years could be as economically tumultuous as the last five.
AM Best has removed from under review with positive implications and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Sompo Japan Insurance Inc. and its subsidiaries.
The average rate on the popular U.S. 30-year fixed-rate mortgage has jumped to a six-month high as rising oil prices from the dragging Middle East war fanned inflation worries, which could weigh on home sales during the typically busy spring season.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of AXA Mansard Insurance Plc. The Credit Ratings reflect AXA Mansard?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.
The average rate on the popular U.S. 30-year fixed-rate mortgage has jumped to a six-month high as rising oil prices from the dragging Middle East war fanned inflation worries, which could weigh on home sales during the typically busy spring season.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.38%. "Mortgage rates this week averaged 6.38%," said Sam Khater, Freddie Mac's Chief Economist. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
The Kansas City Fed monthly manufacturing index rose to a reading of 11 in March from 5 in February, compared with expectations for a decrease to a 3 print in a survey compiled by Bloomberg as of 7:35 am ET. The index indicates expansion, which is in line with the Philadelphia Fed and the S&P global flash indexes but in contrast with the Empire State index that suggested contraction.
* Dollar holds gains as Middle East ceasfire hopes ebb. * Oil prices above $100/barrel underpin dollar. * U.S. jobless claims rose slightly, supporting Fed hold despite inflation risk. * By Laura Matthews and Alun John.
* Weekly jobless claims increase 5,000 to 210,000. * Continuing claims drop 32,000 to 1.819 million. By Lucia Mutikani. New applications for U.S. unemployment benefits rose slightly last week, suggesting the labor market remains stable and likely giving the Federal Reserve scope to hold interest rates steady while monitoring inflation risks from the conflict in the Middle East.
Fannie Mae will accept crypto-backed mortgages for the first time through a new product from Better Home & Finance and Coinbase that lets home buyers pledge Bitcoin or USDC as collateral.
Weekly applications for unemployment insurance increased as Oxford Economics cautioned that the Middle East conflict has made the labor market "vulnerable." For the week through March 21, the adjusted number of jobless claims rose by 5,000 to 210,000, in line with the Bloomberg-polled consensus, the Department of Labor said Thursday.
The Organisation for Economic Co-operation and Development Thursday presented its 2026 Economic Outlook Interim Report, in which it stated that the conflict in the Middle East is testing the resilience of the global economy. Global growth remained resilient before the conflict, but rising energy prices and uncertainty now weigh on the outlook, noted the OECD.
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 250 points on Thursday. Following the market opening Thursday, the Dow traded down 0.56% to 46,171.31 while the NASDAQ fell 1.15% to 21,677.52. The S&P 500 also fell, dropping, 0.82% to 6,537.54. Leading and Lagging Sectors Energy shares climbed by 0.6% on Thursday.
* Trump urges Iran to act quickly on ceasefire plan. * US weekly jobless claims increase slightly. * Silver, platinum down over 3% By Ashitha Shivaprasad.
Comprehensive Capital Markets Offerings Enhance Existing Client Relationships, Create New Opportunities for Growth PITTSBURGH, March 26, 2026 F.N.B. Corporation announced today that it has expanded its public finance offerings with municipal bond underwriting.
Norges Bank on Thursday, as expected, kept its policy rate unchanged at 4.0%, but it did surprise the market by saying "it will likely be appropriate to raise the policy rate at one of the forthcoming monetary policy meetings."
VALLEY FORGE, Pa., March 26, 2026 ?Vanguard today announced the launch of the Vanguard Target Maturity Corporate Bond ETFs suite, a lineup of 10 index ETFs designed to help investors build more precise and customizable fixed income portfolios. The new ETF suite provides flexible, goals-based income solutions that make possible targeted fixed-income maturity exposures.
Apple (AAPL) said it was adding Bosch, Cirrus Logic (CRUS), TDK and Qnity Electronics (Q) to its American Manufacturing Program, with plans to invest $400 million through 2030 to expand U.S.-based production of key components.
US initial jobless claims rose to a level of 210,000 in the week ended March 21 from a 205,000 level in the previous week, as expected in a survey of analysts compiled by Bloomberg as of 7:35 am ET. The four-week moving average fell by 250 to 210,500 after decreasing by 750 to a level of 210,750 in the previous week, a fourth straight decline.
New applications for U.S. unemployment benefits rose slightly last week, suggesting the labor market remains stable and likely giving the Federal Reserve scope to hold interest rates steady while monitoring inflation risks from the conflict in the Middle East.
* Iran reviewing U.S. proposal, has no intention of holding talks. * Crude oil prices gain over 3% By Ishaan Arora. Gold prices fell more than 2% on Thursday, as crude prices once again rose above the $100 mark, reigniting concerns of rising inflation, with investors mostly pricing out any chance of U.S. interest rate cuts this year.
New applications for U.S. unemployment benefits rose slightly last week, suggesting the labor market remains stable and giving the Federal Reserve scope to hold interest rates steady while monitoring inflation risks linked to the Middle East conflict.
* Prolonged conflict may hike prices, pressure demand. * H&M, Next warn of war impact if conflict drags. * Co-op planning cost cuts to help face volatility. * Energy, freight costs surge as oil tops $100 globally. * Consumer sentiment dips, households brace for inflation. By Greta Rosen Fondahn, James Davey and Sarah Young.
Bank of England Deputy Governor Sarah Breeden said she saw less risk of second-round inflation effects from rising energy prices caused by the Iran war than from Russia's full-scale invasion of Ukraine in 2022, due to greater labour market weakness.
The Federal Reserve will keep U.S. interest rates on hold until September, according to economists in a Reuters poll who are still clinging to expectations for at least one reduction later this year, despite worries about inflation from war in the Middle East.
* Governor Galipolo awaits more data for policy decisions. * Itau economists see limited scope for faster rate cuts. By Marcela Ayres. Brazil's central bank expects inflation to pick up later this year, largely driven by higher oil prices due to the U.S.-Israeli war on Iran, and to remain above its 3% target throughout its entire forecast horizon.
* FANNIE MAE TO ACCEPT CRYPTO-BACKED MORTGAGES FOR THE FIRST TIME - WSJ. * FANNIE MAE WILL SOON ACCEPT SO-CALLED CRYPTO-BACKED MORTGAGES, A NEW PRODUCT FROM BETTER HOME & FINANCE AND COINBASE GLOBAL - WSJ Source text: https://tinyurl.com/mw5pveev Further company coverage:
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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