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Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In economic news,...

Public finance professionals need to contemplate uncertainty as they work with municipal issuers to help them plan and meet their needs.

Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In corporate news,...

KBRA assigns a long-term rating of AA+ to the Harris County Hospital District's, TX Series 2026, Limited Tax and Refunding Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.

U.S. job growth topped expectations for a second straight month in April - and by a hefty margin - while the unemployment rate held steady, showing the labor market is resilient in the face of the U.S.-Israeli war on Iran and the inflation pressures it has created. But looking beyond that headline figure, the job market is far from booming.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the life/health insurance subsidiaries of Prudential Financial, Inc. [NYSE: PRU], collectively referred to as Prudential.

The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.05 million annual rate in April, based on a survey compiled by Bloomberg, after falling by 3.6% to a 3.98 million rate in March. Existing-home sales were at a 4.02 million rate in April 2025, so the year-over-year change would be slightly positive.

The April employment report was mixed, with payrolls growth stronger than expected the unemployment rate unchanged, and hourly earnings growth slower than expected. Nonfarm payrolls rose by 115,000 in April after an upwardly-revised 185,000 gain in March and a downwardly revised 156,000 decline in February.

* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.

US benchmark equity indexes were higher intraday as traders parsed the latest jobs report, while oil prices climbed amid renewed tensions in the Strait of Hormuz.

Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was down 2.6 basis points to about 4.37%. In economic n...

Application complements Kraken Financial, the first digital asset bank to hold a Federal Reserve master account Payward, Inc., a unified financial infrastructure platform advancing an open, global financial system, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter.

Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was shedding 2.6 basis points to nearly 4.37%. In corpo...

Manufacturing Shipments data due out next Friday "should look reasonably healthy" for March, but will look weaker in volume terms, says CIBC's Avery Shenfeld. Existing Home Sales on Thursday and Housing Starts on Friday, both for Aprii, won't alter the picture of a sector that's been "a drag on growth" in the past year, Shenfeld adds.

The deal comes as high-yield muni investors are hungry for paper.

PPL Corp (PPL) on Friday underscored rising data-center power demand, citing a strong pipeline of requests and future load growth, as it narrowly beat first-quarter profit estimates, helped by higher retail rates in Kentucky. U.S. electricity demand hit record levels in 2025 and is expected to accelerate further as Big Tech firms ramp up power usage at fast-growing data centers.

US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to all-time lows, University of Michigan's preliminary survey showed Friday. The main sentiment index dropped to 48.2 in May from April's 49.8, which itself was a record low figure.

Nearly 21% of muni volume traded electronically in the first quarter, up from the previous quarter and surpassing the previous record set in the fourth quarter of 2023, according to a Coalition Greenwich report by Kevin McPartland and Neha Jain.

Fitch: * FITCH UPGRADES GHANA TO 'B'; OUTLOOK POSITIVE. * FITCH: GHANA'S ACCOUNT SURPLUS WILL REMAIN STRONG IN 2026. * FITCH: EXPECT GHANA'S REAL GDP GROWTH WILL REMAIN SOLID THROUGH 2027. * FITCH: UPGRADE ON GHANA RATINGS REFLECTS SHARP FALL IN PUBLIC DEBT/GDP, SUPPORTED BY REAL GDP GROWTH.

* US job growth beats expectations, S&P gains 0.8% * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk. Global equities were mixed on Friday as new U.S. data showed domestic job growth, although consumer sentiment fell and oil prices remained elevated on continued fighting near the Strait of Hormuz.

* Canadian dollar falls 0.2% against the greenback. * Touches its weakest level since April 29 at 1.3710. * Canada's economy sheds 17,700 jobs in April. * Bond yields ease across a steeper curve. By Fergal Smith.

Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.

Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.

Goldman Sachs reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.

Goldman Sachs (GS) reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.

The US economy added more jobs than projected in April, allaying concerns about a slowdown in the labor market and likely allowing the Federal Reserve to stick to its current policy stance. Total nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, well above the 65,000 increase expected in a Bloomberg-compiled survey.

U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index fell to an all-time low of 48.2 this month from a final reading 49.8 in April.

Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.

Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.

The University of Michigan's preliminary consumer sentiment index fell to 48.2 in May from 49.8 in April, lower than the expectations for a smaller decrease to 49.5 in a survey compiled by Bloomberg.

Editor?s note: This article was updated to add details and context. The U.S. labor market added 115,000 nonfarm payrolls last month, blowing past economist forecasts for 62,000, the Bureau of Labor Statistics reported Friday. The print marks a slight deceleration from the prior month?s upwardly revised 185,000 gain.

A modest drop in employment coupled with a sizeable jump in the labour force drove up the unemployment rate two ticks this month, noted TD Economics in looking at the key implications of today's employment data for April.

U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.

Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The U.S. economy added 115,000 jobs in April, exceeding analysts' forecasts, following an upwardly revised job gain of 185,000 in March.

New research from The Bond Buyer finds the federal policy environment once again threatens the tax-exempt status for municipal bonds.

The Canadian labor market continued its "weak start" to 2026 in April, with a third decline in employment within the first four months of the year, seeing the unemployment rate rise further, said CIBC after Friday's Labour Force Survey.

Electric utility PPL Corp (PPL) narrowly beat Wall Street estimates for first-quarter adjusted profit on Friday, helped by higher retail rates at its Kentucky regulated segment.

Canada lost 18,000 jobs, or 0.1% month over month in April, while the unemployment rate increased by 0.2 percentage point to 6.9%, as more people searched for work, said the country's statistical agency in Friday's Labour Force Survey. The employment level and unemployment rate were worse than expected.