Some Bank of Japan board members called for further interest rate hikes to push the central bank's policy rate closer to levels deemed neutral to the economy, a summary of opinions at their June policy meeting showed on Wednesday. "Unlike in the United States and Europe, Japan's policy interest rate remains below the estimated range of the neutral interest rate.
Dealer Tire Financial, LLC, a leading distributor of tires and a provider of value-added consulting services to automotive dealerships and automobile original equipment manufacturers, primarily in the United States, today announced that it priced $500 million in aggregate principal amount of 10.375% senior notes due 2031 in a private offering.
BNY Mellon Investment Adviser, Inc. announced today that the three incumbent Board nominees for each of BNY Mellon Strategic Municipals, Inc. (LEO) and BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM), closed-end investment management companies, will continue to steward the Funds, according to certified voting results of the Funds? annual stockholders meetings held on June 11, 2026.
Recognition highlights advanced manufacturing capabilities at Rockwell?s Singapore facility and the company?s role in scaling AI-driven transformation Rockwell Automation, Inc. (ROK), the world?s largest company dedicated to industrial automation and digital transformation, today announced its Singapore manufacturing facility has been named a member of the Global Lighthouse Network by the World Econo...
Space Exploration Technologies Corp (SPCX) : * Space Exploration Technologies Corp (SPCX) - ANNOUNCES PRICING OF $25 BILLION INAUGURAL BOND ISSUANCE - SEC FILING. * Space Exploration Technologies Corp (SPCX) - OFFERING EXPECTED TO SETTLE ON JUNE 26, 2026 - SEC FILING. * Space Exploration Technologies Corp (SPCX) - TO USE PROCEEDS TO REPAY BRIDGE LOAN AND FOR GENERAL CORPORATE PURPOSES - SEC FILING.
As expectations grow that the Federal Reserve may pivot toward monetary easing in the coming months, global financial markets are experiencing a renewed wave of risk appetite.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of Allshores General Insurance Company Limited, Allshores Life and Benefits Company Limited and Island Heritage Insurance Company, Ltd.. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of the parent company, Allshores Limited.
Beazer Homes USA (BZH) closed an offering of $400 million of 8% senior unsecured notes due 2032, the company said late Tuesday. Net proceeds will be used to redeem the company's 5.875% senior notes due 2027 and for general corporate purposes, the company added. MT Newswires does not provide investment advice.
Latin American stocks and currencies
were swept up in a global market selloff on Tuesday as mounting
bets on U.S. Federal Reserve interest rate hikes curbed risk
appetite, while Colombian equities ...
There wasn't any one factor driving the muni market's weaker performance, FHN's Ajay Thomas said. But investors had a lot of deals from which to choose.
Beazer Homes USA, Inc. (BZH) announced today the completion of its previously-announced offering of $400 million aggregate principal amount of 8.000% Senior Unsecured Notes due 2032.
The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank, CNBC reported on Tuesday, citing two unnamed people familiar with the matter. The extent of any changes to the process or the candidates under consideration is not clear.
Financial stocks were increasing in late Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.2%. The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF gained 1.5%. Bitcoin was falling 3.3% to $62,249.7, and the yield for 10-year US Treasuries decreased 1.2 basis points to 4.5...
The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.
* Stocks slump as investors seek safety in government debt. * Two-year yield stays near February 2025 highs after touching 4.236% Monday. * Core PCE seen rising 0.3% in May, with annual rate forecast at 3.4% * Treasury sees good demand for $69 billion 2-year auction. By Karen Brettell.
Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF ahead 0.3%. The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF gained 1.5%. Bitcoin was falling 3.3% to $62,249.7, and the yield for 10-year US Treasuries decreased 1.2 basis poin...
* Fed rate hike bets build, support dollar. * Fed's Goolsbee says he is focused on inflation. * Dollar flat against yen as markets watch for intervention. By Chuck Mikolajczak.
Gold fell for a third session midafternoon on Tuesday as the dollar continued to climb after the Federal Reserve last week warned interest rates may rise as inflation continues to run ahead of its 2% target. Gold for August delivery was last seen down US$52.90 to US$4,149.20 per ounce.
* SPACEX'S $25 BILLION BOND OFFERING ATTRACTED NEARLY $90 BILLION OF ORDERS AT AROUND NOON - FT Source text: https://tinyurl.com/y79dzyd7 Further company coverage:
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.4%. The Philadelphia Housing Index added 0.4%, and the State Street Real Estate Select Sector SPDR ETF gained 1.5%. Bitcoin was falling 2.5% to $62,361, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4...
The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank, CNBC reported on Tuesday, citing two unnamed people familiar with the matter. The Fed considered former Treasury Department official Michael Faulkender for the job, although his current status for the job could not be determined, CNBC said.
Space Exploration Technologies Corp (SPCX) : * SPACEX FILES FOR OFFERING OF 5-YEAR, 7-YEAR, 10-YEAR, 20-YEAR, 30-YEAR TENOR SENIOR UNSECURED NOTES - DOCUMENT SEEN BY REUTERS. * SPACEX: PROCEEDS TO REPAY SPACEX BRIDGE LOAN IN FULL, REMAINDER FOR GENERAL CORPORATE PURPOSES - DOCUMENT SEEN BY REUTERS Further company coverage:
"It's hard to know whether a decrease in enforcement is a statistical blip or early evidence of [a] meeker, milder FINRA in the current era," said Benjamin Edwards, an associate dean at UNLV law school.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.4%. The Philadelphia Housing Index added 0.4%, and the State Street Real Estate Select Sector SPDR ETF climbed up 1.5%. Bitcoin was falling 2.5% to $62,361, and the yield for 10-year US Treasuries was decreasing 3 basis points ...
Space Exploration Technologies' (SPCX) debut US investment-grade bond offering has drawn roughly $89 billion in demand, Bloomberg reported Tuesday, citing people with knowledge of the matter. The five-tranche deal is seeking to raise $20 billion to $25 billion and is expected to be priced on Tuesday, the report said, adding that the proceeds will refinance a bridge loan and fund corporate expenses.
Canada's consumer price index rose in May, but it may mark the peak and keep the central bank on hold according to UBS Global Research, even as food-price inflation "is something to watch."
* US waives oil sanctions on Iran. * US PCE data due on Thursday awaited for Fed cues. * Silver drops 5%, platinum and palladium down over 2% By Sukanya Mitra and Anjana Anil. Gold prices fell on Tuesday as the U.S. dollar hit a one-year high on increased expectations of a Federal Reserve rate hike, outweighing support from softer oil prices amid progress in U.S.-Iran talks.
US private-sector output rose in June at the fastest pace in five months amid a solid expansion in the manufacturing sector, according to S&P Global's (SPGI) flash purchasing managers' index released Tuesday. The composite output index rose to 52.2 this month from 51.5 in May, compared with a 52.1 reading in a survey compiled by Bloomberg.
* Indexes: Dow flat, S&P down 1.12%, Nasdaq down 1.70% * Russell 2000 down 0.83% * Chip shares lead selloff. * CBOE Volatility index at an over one-week high. By Twesha Dikshit and Joel Jose.
Oil surging to more than $120 a barrel last spring cut about three-tenths of a percentage point from U.S. economic output, but the blow was a small fraction of what would have taken place from a similar oil shock in the 1980s when the country was more reliant on imports, a new Dallas Fed study estimated.
* Fed rate hike bets build, support dollar. * Fed's Goolsbee says focused on inflation. * Dollar flat against yen as markets watch for intervention. By Chuck Mikolajczak. The U.S. dollar rose to its highest level in more than a year on Tuesday as markets adjusted expectations for a more hawkish stance from the Federal Reserve, while a selloff in megacap stocks also buoyed the greenback.
?Bernardi Securities, Inc. released a white paper introducing the Environmental Risk Index, a tool that scores all 3,147 U.S. counties on natural disaster risk. Average annual disaster costs have grown roughly 3.60%-6.10% per year since 2005, above the 2.40% rate of inflation. Florida leads the nation in environmental risk, followed by Oklahoma, Arizona, California, and Hawaii.
LONDON, June 23, 2026 The UN Global Compact and the Sustainable Blue Economy Finance Initiative, hosted by the United Nations Environment Programme Finance Initiative, in collaboration with the Greening Financial Regulation Initiative of the World Wide Fund for Nature, today convened leading representatives from central banks, financial regulators, financial institutions, development finance in...
Bitcoin's slump to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.
While technology has lowered entry minimums, making it more accessible to all types of investors, the client base for SMAs primarily consists of high-net-worth individuals.
* Stocks slump as investors seek safety in government debt. * Two-year yield stays near February 2025 highs after touching 4.236% Monday. * Core PCE seen rising 0.3% in May, with annual rate forecast at 3.4% * Treasury to auction $183 billion in notes this week, starting with $69 billion Tuesday. By Karen Brettell.
Global imbalances are once more exerting pressure via trade, capital flows and financial markets, prompting questions about whether they will be managed ahead of time or corrected abruptly, said Bank of Canada Governor TIff Macklem on Tuesday.
* TSX down 0.3%, materials index leads losses. * Tech selloff spills into Canadian market. * Risks seen from global imbalances, says BoC's Macklem. By Tharuniyaa Lakshmi. Canada's main stock index fell on Tuesday, pressured by falling miners' shares and a tech-led selloff on Wall Street amid increased expectations of U.S. Federal Reserve rate hikes.
State-level data released by the Bureau of Labor Statistics Tuesday showed the unemployment rate fell in six states in May, rose in two and held steady elsewhere. The unemployment rate declined by 0.2 percentage point in South Carolina, Delaware, Ohio, Massachusetts, and Rhode Island, while it declined by 0.1 percentage point in South Dakota.
Gold fell for a third session early on Tuesday as the dollar continued climb after the Federal Reserve last week warned interest rates may rise as inflation continues to run ahead of its 2% target. Gold for August delivery was last seen down US$79.40 to US$4,123,30 per ounce.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high wildfire and flood risk scores, according to ICE Climate Data. A $66 million offering from Dublin Unified School District, California, records a wildfire risk score of 2.9 out of 5.0, ICE reported.
* Indexes down: Dow 0.76%, S&P 1.54%, Nasdaq 2.04% * Russell 2000 down 1.74% * Mega-cap tech, chip shares lead selloff. * CBOE Volatility Index at an over one-week high. By Twesha Dikshit and Joel Jose.
U.S. manufacturing activity rose again in June as companies preemptively placed new orders in anticipation of shortages and higher prices, but factory employment hit a six-year low, blamed on rising operating costs related to the Middle East conflict.
* Manufacturing expanded for a fourth straight month, beating economists' expectations. * Supplier delivery times lengthened; now at slowest pace since August 2022. * Manufacturing employment fell to 47.0, the lowest reading since May 2020. * Factory new orders reached a more than four-year high, supported by front-running potential shortages and price hikes. By Lucia Mutikani.
* US waives oil sanctions on Iran. * US PCE data due on Thursday awaited for Fed cues. * Silver drops 5%, platinum and palladium down over 2% By Sukanya Mitra and Anjana Anil. Gold prices dropped on Tuesday as the U.S. dollar hit a one-year high on increased expectations of a rate hike from the Federal Reserve, outweighing support from softer oil prices amid progress in U.S.-Iran talks.
The Bank of Canada Governor Tiff Macklem said on Tuesday that global imbalances of financial flows, led by China's export surplus and the reliance of the United States on foreign capital, and may be fuelling financial stability risks.
Canada's main stock index opened lower on Tuesday as Wall Street's tech selloff hurt investor sentiment amid increased expectations for interest-rate hikes by the U.S. Federal Reserve. At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was down 0.5% at 34,828.29 points.
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.