News Results

Financial stocks were declining in Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.4%. The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF fell 1.8%. Bitcoin was decreasing 0.9% to $75,117, and the yield for 10-year US Treasuries was rising 5 basis points to 4...

Market Intelligence analyst Jeff Lipton warns that as ESSER-era support fades, shifting enrollment patterns, voucher expansion, tax-cut dynamics and rising costs are exposing credit stress in parts of the K-12 sector ? making security selection and disclosure discipline more important in 2026 and beyond.

Financial stocks were declining in Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.6%. The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF fell 1.8%. Bitcoin was decreasing 0.9% to $75,117, and the yield for 10-year US Treasuries was rising 5 basis points to 4...

S&P Global Ratings has raised the long-term issuer credit and financial strength ratings on the core insurance operating subsidiaries of SiriusPoint Ltd (SPNT) to 'A' from 'A-', marking the Company?s third ratings upgrade this year.

Markets were lower on Tuesday as President Donald Trump's candidate for the next chair of the Federal Reserve, Kevin Warsh, appeared before the U.S. Senate for a confirmation hearing. Warsh's appearance was being watched by investors and analysts because he has publicly questioned the Fed's role in markets and has said he would seek to shrink the central bank's balance sheet.

Markets were lower Tuesday as President Donald Trump's candidate for the next chair of the Federal Reserve, Kevin Warsh, appeared before the U.S. Senate for a confirmation hearing.

* Retail sales increase 1.7% in March. * Reuters poll of economists expected 1.4% rise. * Record 15.5% jump in receipts at gasoline stations accounts for bulk of increase in sales. By Lucia Mutikani.

US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline station as the Middle East conflict boosted prices, official data showed Tuesday. Retail sales rose 1.7% sequentially in March, following a revised 0.7% gain in the month prior and marking the biggest increase since March 2025, the Census Bureau reported.

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Commune de R?assurance des Etats Membres de la CIMA. The ratings reflect CICA-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.

The much-feared Canadian consumer price index surge in March failed to materialize, as the 0.9% month-over-month gasoline-led headline failed to live up to the consensus billing of 1.1%, said Rosenberg Research after Monday's CPI.

Federal Reserve chief nominee Kevin Warsh came under fire from Senate Democrats Tuesday over his plans to divest tens of millions of dollars in financial assets if confirmed to lead the U.S. central bank, amid questions about who would potentially buy those assets and the conflicts that could arise from those transactions.

The European stock markets were tracking lower in Tuesday trading as The Stoxx Europe was declining 0.4% lower, Germany's DAX was off 0.5%, the FTSE 100 was down 1%, France's CAC declined 1.1%, and the Swiss Market Index was 1% lower.

* Warsh pledges to divest assets, says he's gone 'above and beyond' * Senator Warren questions transparency, enforceability of Warsh's divestment plan. * Senator Tillis defends Warsh but says confirmation delayed pending government probe of Powell. By Michael S. Derby.

The risk of contagion to the rest of the high-yield market is limited, investors said.

Bank of Canada rate hike expectations have continued to moderate over recent weeks and are now reflecting a much more reasonable path for the policy rate, said National Bank of Canada. The BoC's first hike is now nearly fully priced for December 2026, noted the bank.

Euro zone government bond yields edged higher on Tuesday as traders weighed the potential for U.S.-Iranian peace talks and comments from President Donald Trump's pick to lead the Federal Reserve, Kevin Warsh, at his Senate confirmation hearing.

* California's overall EV market shrinks, with zero-emission sales down 40% * Loss of federal tax credits and high costs erode consumer confidence, industry body says. * Tesla's Model Y and Model 3 remain top zero-emission sellers despite overall decline.

* Markets optimistic over possible Iran-US talks, but ceasefire remains fragile. * Fed nominee Warsh attends Senate Banking Committee hearing. * US retail sales data breezes past analyst expectations. By Stephen Culp. Wall Street stocks turned mostly lower, while global equities dipped as optimism over peace talks faded and the U.S.-Iran ceasefire expiration loomed.

Kevin Warsh, nominated by President Donald Trump to lead the U.S. Federal Reserve, on Tuesday said he would launch a review of the data the central bank uses for gauging inflation, saying the current measures employed by the Fed are flawed.

The board of directors of the Bank of Canada on Monday appointed Marc-Andre Gosselin and Nicolas Vincent as deputy governors, effective May 25 and August 3, respectively, for the Governing Council, said Scotiabank. Their appointments follow the sudden departure of Rhys Mendes on April 10 and the retirement of Sharon Kozicki, with July 15 slated as her final day at the central bank.

Auto parts distributor Genuine Parts (GPC) said on Tuesday that it expects near-term cost pressures from the ongoing Middle East conflict, but reiterated its annual adjusted profit forecast after reporting lower first-quarter profit.

Federal Reserve chief nominee Kevin Warsh said on Tuesday he had made no promises to President Donald Trump about cutting interest rates, as he tried to assure U.S. senators mulling his confirmation to lead the U.S. central bank that he would act independently of the White House while pursuing?broad reforms.

Something doesn?t add up about the American consumer right now. Then the register rang. Advance retail sales rose 1.7% to $752.1 billion in March, the U.S. Census Bureau reported Tuesday, blowing past economist expectations of 1.4%. That is the largest monthly gain since January 2023. The obvious suspect: gasoline stations.

The Bank of Canada released on Monday its Q1 Business Outlook and consumer surveys, said UBS. In BoC's release, there was also a box on how workers are using artificial intelligence and how consumers see this impacting job conditions, wrote the bank in a note to clients.

Overall, Monday's CPI report suggests energy price pressures stemming from the Iran war could keep headline inflation elevated in the coming months, but the underlying inflation trajectory in Canada remains broadly unchanged, says Nomura in reflecting on Monday's data release. It continues to expect the BoC to remain on hold through 2026.

* Hearing points to major changes if Warsh confirmed as Fed chief. * Senator says confirmation process will be delayed until Powell probe dropped. * Warsh promises independence as Trump again says he expects interest rate cuts. By Howard Schneider.

SANTA CRUZ, Calif. Basic and diluted earnings per share for the quarter ended March 31, 2026, were $1.45 and $1.43, respectively, which increased $0.13 and $0.12 from $1.32 and $1.31, respectively, compared to the fourth quarter of 2025.

KraneShares, a specialist investment manager focused on global growth themes, hosts its Technology Investor Day,??Rethinking Tech: From Digital Intelligence to Physical AI to Risk-Managed Exposure,? at the Nasdaq MarketSite in New York City today. The program began with the Nasdaq Opening Bell ceremony celebrating the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF.

U.S. President Donald Trump on Tuesday told CNBC that he would be disappointed if Kevin Warsh, his nominee for Fed chair, did not cut interest rates right away once he took office after being approved by the Senate. Trump also said "we have to find out" about the construction costs of the new Federal Reserve building.

U.S. President Donald Trump on Tuesday told CNBC that he would be disappointed if Kevin Warsh, his nominee for Fed chair, did not cut interest rates right away once he took office after being approved by the Senate. Trump also said "we have to find out" about the construction costs of the new Federal Reserve building.

PEACHTREE CORNERS, Ga., April 21, 2026 Alogent, a global software leader in the banking and financial services market, announced it has been authorized by the Federal Reserve to send and receive X9 check image exchange files on behalf of its financial institution clients, enabling end-to-end check presentment and returns without the need for intermediary processors.

US retail sales rose by 1.7% in March, above the 1.4% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's revised 0.7% gain. Excluding a 0.5% increase in motor vehicle sales, retail sales were up 1.9% compared with an expected 1.4% gain.

U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service stations, while tax refunds underpinned spending elsewhere.

U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and receipts at service stations, while tax refunds supported spending elsewhere. Retail sales jumped 1.7% last month after an upwardly revised 0.7% gain in February, the Commerce Department's Census Bureau said on Tuesday.

Auto parts distributor Genuine Parts (GPC) on Tuesday reported a fall in first-quarter profit as higher expenses in the broader industry weighed on its margins despite steady demand. Rising labor costs, continued freight and logistics pressures, as well as increased prices of raw materials and energy have driven up expenses across the automotive parts industry.

New offering provides access to money market funds and U.S. Treasury bonds to help businesses earn on idle cash while maintaining liquidity SAN FRANCISCO, April 21, 2026 Aspire, the finance stack for global founders, today announced the upcoming launch of a new treasury management solution in partnership with Atomic, a leading investment infrastructure provider.

While the two Bank of Canada surveys for Q1 released on Monday were largely conducted ahead of the recent rise in Middle East tensions, both showed improved sentiment with expectations that the weight of trade tensions would lessen, says UBS. UBS noted the BoC complemented its usual survey with special surveys of businesses and consumers conducted after the beginning of the war in the Middle East.

U.S. Senate Banking Committee Chairman Tim Scott said on Tuesday he would be willing to set up a special committee to investigate Federal Reserve construction projects in an effort to "move on" and get Kevin Warsh in the central bank's top job. Scott spoke to CNBC before Warsh's Senate confirmation hearing.

ROSELAND, N.J., April 21, 2026 For the four weeks ending April 4, 2026, U.S. private employers added an average of 54,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report?.?. It was the fifth straight week of improvement in hiring. The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.