European Central Bank supervisors are set to warn bankers about the risks posed by Anthropic's new artificial intelligence model that might supercharge cyberattacks, one source familiar with the situation told Reuters.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Pinnacle Life Limited. The ratings reflect Pinnacle Life?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The United States needs to reduce its fiscal deficit by about four percentage points of GDP from the current level of 7% and needs a robust, credible plan to do so, International Monetary Fund Fiscal Affairs Director Rodrigo Valdes said on Wednesday.
U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as increased economic uncertainty, a survey showed on Wednesday.
U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as increased economic uncertainty, a survey showed on Wednesday.
U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as increased economic uncertainty, a survey showed on Wednesday.
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that while she sees no imminent need for the central bank to change its interest rate target setting, it's possible cuts or even hikes could lie ahead. "I think that rates are in a good place," Hammack said on CNBC.
* Fed's Hammack tells CNBC she sees rates on hold for some time. * Hammack says risks Fed could cut or raise rates. * Hammack says unclear yet what energy surge doing to economy. By Michael S. Derby.
The IMF warns that global public debt could reach about 100% of world GDP by 2029, a scenario where Bitcoin could stand out as investors seek alternatives outside traditional finance. Global public debt approaching 100% of GDP means that every dollar, yuan, pound, euro, yen, and rupee earned in a year will be used to pay off government debt.
Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks from Federal Reserve officials. The Dow Jones Industrial Average?rose?13.2?points, or?0.03%, at the open.
Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks from Federal Reserve officials. The Dow Jones Industrial Average rose 13.2 points, or 0.03%, at the open.
Government of Canada 30-year bonds have remained in a richer range to their United States Treasury counterparts year-to-date, failing to push well beyond the 100 bps differential, notes National Bank of Canada. While the near-term outlook is "muddied," the bank still sees scope for broader GoC outperformance on the back of a more favorable fiscal footing.
President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board of Governors if Powell does not vacate that post as well when his term as Fed chief ends on May 15, intensifying a complicated standoff that has upended the Fed's usually smooth transition of power.
* Powell's term as Fed chief ends on May 15; his seat on board extends to 2028. * Criminal probe into Powell complicates Warsh's confirmation as next Fed chief. * Powell likely to remain on Fed board until investigation is dropped. By Howard Schneider.
?ServiceMac honored for continued excellence in mortgage servicing performance for third straight year? ServiceMac, a mortgage subservicer and a member of the First American family of companies, today announced the company earned Fannie Mae?s 2025 Servicer Total Achievement and Rewards? Performer award in the Solution Delivery and Timeline Management categories.
inDrive, a global mobility and delivery platform, has joined the World Economic Forum?s Unicorn Community, an invitation-only group of hyper-growth companies recognized for driving innovation and positive global impact. inDrive is helping shape a digital economy in which technology works more fairly for people. inDrive?s participation in the Unicorn Community will focus on advancing fair access...
Intersects with hunger, housing insecurity, credit card debt; child care and employment disruptions NEW HAVEN, Conn. The NDBN Diaper Check 2026 is the third nationally representative study of diaper insecurity by the National Diaper Bank Network. The study finds that diaper insecurity harms adults' ability to work, as most child care providers require families to provide diapers.
Brazil's retail sales volumes rose in February but fell short of market expectations, even as they reached a new record level, data from statistics agency IBGE showed on Wednesday, amid high interest rates. * Sales increased 0.6% in February from the previous month, below the 1.0% growth forecast by economists in a Reuters poll. * Four of the eight sectors surveyed posted monthly gains, IBGE said.
Australia on Wednesday said it would raise defence spending to 3% of gross domestic product by 2033 from about 2% currently, in response to the most "complex and threatening" circumstances since World War Two. The expansion would be achieved through an additional A$14 billion in expenditure over four years and A$53 billion over the next decade, the government said.
Hogan Lovells Cadwalader to launch July 1 Firm to offer unmatched scale and specialty depth to meet client needs across key G20 economies Historic combination unites Cadwalader, Wall Street's oldest firm, and Hogan Lovells, a global leader in advising clients in highly regulated sectors LONDON and NEW YORK, April 15, 2026 /PRNewswire/ -- The proposed combination to form Hogan?Lovells Cadwalader...
* Supreme Court case, political disputes test Fed's independence. * Calls for more presidential control simmer alongside Fed independence debate. * Powell may stay on as Fed governor after Warsh becomes central bank chief. * Trump again threatens to fire Powell. By Howard Schneider and Ann Saphir.
The Canadian government on Tuesday announced to expect a spring fiscal update on April 28 and a gasoline tax cut decision that offers minimal effects, said Scotiabank. The fuel cut will knock about 0.1% off the month-over-month April consumer price index when prorated and probably another 0.1 off May when the full month is affected, noted the bank.
Gabon's 2031 international bonds dropped nearly 3 cents on the dollar on Wednesday, Tradeweb data showed, after the International Monetary Fund raised the country's debt projections.
Superior, Wisconsin, officials are mulling a bond-financed acquisition of the water system currently owned by private firm Superior Water, Light, and Power.
U.S. President Donald Trump said on Wednesday that if current Federal Reserve chair Jerome Powell does not leave the bank after a new Fed chair is installed, he will have to fire him.?.
Prince Edward Island recorded resilient economic growth in 2025, as real gross domestic product advanced by a greater amount than the national average, but slower GDP inflation brought nominal figures in line with Canada's nominal rate of 4.3%, said National Bank of Canada.
NEW YORK, April 15, 2026 Gimme Credit, a leading independent provider of corporate bond research and recommendations, today announced the launch of its European High Yield Research Service, expanding its global coverage and deepening its commitment to delivering timely, independent and actionable credit analysis to investors around the world.
M&T Bank (MTB) posted a rise in first-quarter profit on Wednesday, driven by higher interest income and a strong mortgage banking performance. Loan demand has been resilient in the U.S., with healthy consumer spending, even as economic uncertainty and rising tensions involving Iran fuel inflation amid oil supply disruptions.
Comstock Inc. (LODE) today announced that its chief executive officer issued the following letter to shareholders: Dear Shareholders: On behalf of our Board of Directors, Executive Officers, and the entire team, we thank all of you, our new and long-standing shareholders, for supporting a remarkable transformation that has positioned us for global growth and impact.
San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official, didn't compete against a publicly revealed slate of applicants and didn't undergo any public vetting before her bank's board of directors gave her a job that helps shape the U.S. economy.
* Supreme Court case, political disputes test Fed's independence. * Calls for more presidential control simmer alongside Fed independence debate. * Powell may stay on as Fed governor after Warsh becomes central bank chief. By Howard Schneider and Ann Saphir.
Societe Generale in its early Wednesday economic news summary pointed out: -- Brent consolidates around US$95/barrel, bond yields steady near weekly lows after "benign" United States producer price index. -- ECB President Lagarde: eurozone economy between baseline and adverse scenario, not severe. -- Day ahead: U.S. import and export prices.
* Futures: Dow, S&P 500 flat, Nasdaq up 0.14% U.S. stock index futures were largely unchanged on Wednesday as investors caught their breath after a rally, while awaiting fresh signals from a raft of corporate earnings and remarks from Federal Reserve officials. The resilience suggests that war-weary investors stand ready to rotate into risk assets at the slightest hint of de-escalation.
HAMILTON, Bermuda, April 15, 2026 Reference is made to the summons to a written resolution dated 26 March 2026 regarding the request for bondholders' approval to certain amendments to the bond terms in connection with the transaction announced by the Company on 23 March 2026. Reference is made to the attached message from Nordic Trustee.
The Swiss National Bank said on Wednesday its Governing Board has reviewed the interest rate of the liquidity-shortage financing facility in sight of the introduction of the Payment System Support Facility at the end of 2027. The board has decided to lower the special-rate surcharge to 25 basis points starting July 2026 from 50 basis points currently, it said.
The Norwegian central bank is independent and the government will not dictate monetary policy, Norway's Prime Minister Jonas Gahr Stoere told parliament on Wednesday. Norges Bank last month said it aimed to hike rates once or twice in 2026 to combat resurgent consumer prices fuelled by wage growth and rising energy costs, reversing course after it earlier flagged plans to ease policy.
* Hopes for renewed US-Iran talks boost risk appetite, dollar loses safe-haven demand. * Energy price surge raises global growth, inflation concerns; IMF cuts outlook due to war. * Analysts say optimism may underestimate ongoing risks. By Amanda Cooper.
T1 Energy (TE) said late Tuesday it priced its upsized public offering of $160 million of 4% convertible senior notes due 2031. The offering was upsized from $125 million. The company expects about $151.6 million in proceeds from the offering. The offering is expected to close on or about Friday.
Global investors and the International Monetary Fund seem to agree the Iran war is likely over - bar the shouting. The IMF's unenviable task of forecasting global economic growth during a Middle East war and energy shock left as many questions as answers, and a plethora of different scenarios. The Fund's central conclusion was probably most powerful in what it didn't do rather than what it did.
Revolution Medicines (RVMD), a late-stage clinical oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced the pricing of its concurrent public offerings of 10,563,381 shares of common stock, at a public offering price of $142.00 per share, for aggregate gross proceeds of approximately $1.5 billion, and $500.0 million aggregate principal amount of 0.50% c...
The global economy is facing renewed challenges as conflict in the Middle East threatens to derail growth and slow the pace of disinflation, according to the International Monetary Fund. In its latest World Economic Outlook report, the IMF projects global growth will slow to 3.1% in 2026 before edging up to 3.2% in 2027, assuming the conflict remains limited in scope and duration.
* Oil shock putting upward pressure on inflation, Yellen says. * Never seen threat to Fed this severe from White House, she says. * Yellen says U.S. and Chinese economies should not decouple. By Kane Wu and Jiaxing Li.
Prosecutors from U.S. Attorney Jeanine Pirro's office made a surprise visit on Tuesday to the Federal Reserve's headquarters renovation project, as the Trump administration continues its pressure campaign against the central bank. The unscheduled visit was confirmed by a spokesperson for Pirro's office and was first reported by The Wall Street Journal.
Former U.S. Treasury Secretary Janet Yellen sees one interest rate cut by the Federal Reserve as possible this year, even as the Iran war creates supply shocks in the global economy that put pressure on inflation.
T1 Energy Inc. (TE) today announced the pricing of its previously announced underwritten public offering of $160.0 million aggregate principal amount of its 4.00% convertible senior notes due 2031. The Company estimates that the net proceeds from the Offering will be approximately $151.6 million, after deducting underwriting discounts and commissions and the Company?s estimated offering expenses.
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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