* Huge Israeli strikes on Lebanon threaten Iran truce. * US PCE inflation picks up in February. * US CPI due on Friday. * Silver, platinum up over 2% By Ashitha Shivaprasad and Anjana Anil.
Carvana Co (CVNA) shares are falling Thursday morning as fresh U.S. economic data pointed to a softer consumer backdrop just as inflation pressures were already running hotter than the Federal Reserve's target, a setup that can matter directly for used-car demand and financing-sensitive names like Carvana (CVNA). Here?s what investors need to know.
* Weekly jobless claims increase 16,000 to 219,000. * Continuing claims decrease 38,000 to 1.794 million, lowest level since May 2024. * Core PCE price index rises 0.4% for second straight month; up 3.0% year over year. By Lucia Mutikani.
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Thursday. Following the market opening Thursday, the Dow traded down 0.27% to 47,778.78 while the NASDAQ fell 0.40% to 22,544.04. The S&P 500 also fell, dropping, 0.23% to 6,767.01. Leading and Lagging Sectors Utilities shares climbed by 1.6% on Thursday.
* Euro, sterling marginally higher as doubts persist over US-Iran ceasefire. * Yen weakens, fiscal expansion concerns also in mix. * Ceasefire seen as fragile amid ongoing Israel-Hezbollah conflict. By Hannah Lang and Alun John.
* Indexes down: Dow 0.11%, S&P 500 0.09%, Nasdaq 0.21% * February PCE at 2.8% on annual basis, meets estimates. * Applied Digital (APLD) falls after quarterly loss widens. * Constellation Brands (STZ) jumps after smaller drop in Q4 sales.
* Israeli attacks on Lebanon jeopardise truce. * US PCE inflation picks up in February. * US CPI due on Friday. By Ashitha Shivaprasad and Anjana Anil. Gold prices firmed on Thursday as a weaker U.S. dollar lent support, while investors assessed the durability of a fragile ceasefire between Washington and Tehran and awaited U.S. Consumer Price Index data.
The Federal Reserve leadership transition is scheduled to occur during a turbulent time. Each of these variables alone would be manageable. Wells Fargo has revised its rate change projection on April 6. According to Reuters, the bank scrapped its expectation of two rate cuts this year, expecting a transient inflation bump and higher uncertainty.
White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect current Fed chairman Jerome Powell to remain on the board. "I'm highly confident that that will happen," Hassett told Fox Business Network, adding that he believed a confirmation hearing for Warsh was on track to begin next week.
White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect current Fed chairman Jerome Powell to remain on the board. "I'm highly confident that that will happen," Hassett told Fox Business Network, adding that he believed a confirmation hearing for Warsh was on track to begin next week.
U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third GDP estimate.
The U.S. economy ended 2025 barely moving while Americans opened their wallets anyway ? and Thursday?s data dump exposed just how wide that gap has become.
U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third GDP estimate.
* Ceasefire strained as Iran claims Strait of Hormuz closed. * Oil prices bounce after Wednesday's steep slide. * European shares dip after strongest day in 4 years. * US core price data comes in as forecast, but GDP misses. By Marc Jones and Wayne Cole.
AS Group, Hagenstra?e 67, 14193 Berlin, Germany, is continuing to advance its capital markets?oriented growth strategy and is initiating a new corporate bond with a target volume of ?50 million.
Weitz Investment Management, Inc. today announced the launch of the Weitz Short Duration Bond ETF, an actively managed strategy designed to seek income while maintaining lower interest rate sensitivity.
US economic growth, measured by gross domestic product, was revised lower to a 0.5% increase in Q4 from a 0.7% gain in the second estimate, compared with estimates for no revision in a survey compiled by Bloomberg as of 7:35 am ET. GDP rose by 4.4% in Q3. Personal consumer expenditures were revised lower to a 1.9% gain from the 2.0% increase in the second estimate and were below a 3.5% gain in Q3.
U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.
U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while. The personal consumption expenditures price index climbed 0.4% after an unrevised 0.3 gain in January, the Commerce Department's Bureau of Economic Analysis said on Thursday.
US initial jobless claims rose to a level of 219,000 in the week ended April 4 from an upwardly revised 203,000 level in the previous week, compared with expectations for a smaller increase to 210,000 in survey of analysts compiled by Bloomberg. The four-week moving average increased by 1,500 to 209,500 after decreasing by 2,750 to a level of 208,000 in the previous week.
New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the U.S.-Israeli war with Iran.
New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration, potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the war with Iran.
NEW BERLIN, N.Y., April 9, 2026 Chobani, LLC, tomorrow's food and beverage company that strives to deliver consistent, profitable growth by making high-quality, nutritious, and delicious food accessible to all while positively impacting communities and the world, today announced a private placement offering of $775 million in aggregate principal amount of Chobani's newly issued senior notes.
* Euro, sterling marginally higher as doubts persist over US-Iran ceasefire. * Yen weakens fiscal expansion concerns also in mix. * Ceasefire seen as fragile amid ongoing Israel-Hezbollah conflict and Iranian accusations. By Satoshi Sugiyama and Alun John.
The legislature passed bills to cut personal income tax rates over time and limit increases on homestead property tax payments to the rate of inflation.
CoreWeave (CRWV) said Thursday it intends to offer $3.0 billion aggregate principal amount of its convertible senior notes due 2032 in a private offering. The company said it plans to grant initial buyers of the notes an option to purchase, for settlement within a 13-day window beginning on, and including, the date on which the notes are first issued, up to an additional $450 million of notes.
The US dollar was mixed against its major trading partners early Thursday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of a busy day of data releases, starting with weekly jobless claims, the third estimate of Q4 GDP, and personal income, spending and price data, all at 8:30 am ET.
CoreWeave, Inc. (CRWV) today announced its intention to offer, subject to market and other conditions, $3.0 billion aggregate principal amount of its convertible senior notes due 2032 in a private offering.
Greek industrial output rose by 1.8% year-on-year in February, after an upwardly revised 5.7% increase in January, data from statistics service ELSTAT showed on Thursday. A breakdown of index components showed manufacturing production rose 2.9% from the same month in 2025.
* Dollar index, euro, sterling steady. * Yen weakens as doubts persist over US-Iran ceasefire, fiscal expansion concerns. * Ceasefire seen as fragile amid ongoing Israel-Hezbollah conflict and Iranian accusations. By Satoshi Sugiyama and Alun John.
London copper fell on Thursday from a three-week high the day before, as renewed Middle East tensions cast doubt on whether the U.S.-Iran ceasefire would hold, lifting oil prices and reviving concerns over the global economic growth outlook.
* Industrial production fell 0.3% vs forecast 0.7% rise. * Exports rise more than expected at 3.6% on the month. * Manufacturing subdued even before war, analyst says. By Maria Martinez.
German industrial production fell unexpectedly in February, decreasing by 0.3% compared with the previous month, the federal statistics office said on Thursday. Analysts polled by Reuters had predicted a 0.7% rise. The office offers more detailed data on its website.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 13,348,952.05. POOL FACTOR.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 16,430,112.33. POOL FACTOR.
Chinese banks likely extended significantly more new loans in March than in February, according to a Reuters poll on Thursday, driven by improved credit demand and a seasonal rebound.
UBS Group (UBS) is consolidating its holdings across eight private credit funds into a debt offering, backed by an insurance guarantee against default. Through its money management division, Unified Global Alternatives, UBS plans to issue $500 million in securities, of which $375 million will be protected by the unnamed insurer to mitigate default risk.
World markets soared on Wednesday and oil had its biggest fall in five years, as investors gave a hearty welcome to the ceasefire in the Iran war. In my column today I look at the return of 'global imbalances', the widening current account deficits and surpluses of major economies, that could pose financial stability risks if allowed to go unchecked.
Today, John Hope Bryant, Founder, Chairman and Chief Executive Officer of Operation HOPE, met with Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System, to discuss opportunities to expand financial literacy, strengthen economic resilience, and broaden access to the tools Americans need to build lasting financial security.
KBRA assigns a long-term rating of AA- to the City of Atlanta Water and Wastewater Subordinate Lien Revenue Refunding Bonds, Series 2026. The long-term rating reflects the experienced management profile, formalized financial and debt policies, and disciplined multi-year budgeting and capital planning practices of the City of Atlanta Department of Watershed Management.
S&P: * S&P: COLOMBIA LONG-TERM FOREIGN CURRENCY RATING LOWERED TO 'BB-' FROM 'BB' DUE TO FISCAL IMBALANCES; OUTLOOK STABLE. * S&P: EXPECT COLOMBIA TO HAVE CONSISTENTLY LARGE FISCAL DEFICITS OVER NEXT FEW YEARS. * S&P: WE BASE STABLE OUTLOOK ON EXPECTATION THAT COLOMBIA GOVERNMENT WILL ONLY GRADUALLY LOWER ITS FISCAL DEFICIT WHILE SUSTAINING MODERATE GDP GROWTH.
Financial markets, including the muni market, priced in too much of a "sure thing, done deal" Wednesday morning, said Kyle Gerberding, director of trading, a portfolio manager and partner at Asset Preservation Advisors.
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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