India made a fresh bet on its manufacturing sector in its annual budget, but the Narendra Modi-led government's reform plans fell short of expectations as the global economic order undergoes profound changes wrought by the Trump administration.
* Trump says Warsh should have no trouble winning Senate confirmation. * Republican senator vows to block confirmation pending probe of current chair. * Trump expects Warsh to lower interest rates, says he didn't seek specific commitments. By Trevor Hunnicutt.
U.S. President Donald Trump said ?he thinks Kevin Warsh, ?his pick to ?head ?the Federal Reserve, could pick up ?votes from ?some Democrats in the Senate, calling him a "high-quality ?person" who ?should ?not have any trouble winning Senate confirmation.
Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 12:48 p.m. ET on Saturday, continuing its decline from the previous session. On Friday, ?bitcoin fell to as low as $81,104, the lowest since November 21, while the U.S. dollar ?gained after former Federal Reserve Governor Kevin Warsh was selected as ?the next Fed chair.
Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 12:48 p.m. ET on Saturday, continuing its decline from the previous session. On Friday, bitcoin fell to as low as $81,104, ?the lowest since November 21, while the U.S. dollar gained after former Federal Reserve Governor ?Kevin Warsh was selected?as the next Fed chair.
Kevin Warsh checks a long list of boxes for President Donald Trump as his pick to run the Federal Reserve, with longstanding political and social ties to the president, deep Wall Street connections and a well-tailored demeanor, but how deeply and quickly he will cut interest rates and how aggressively he will pursue his "regime change" at the Fed remain open questions.
* * Warsh's past Fed criticism now meets practical implementation test. * Warsh's stance on Fed's balance sheet and interest rates scrutinized. By Howard Schneider.
* Official PMI drops to 49.3 from 50.1 in December. * Non-manufacturing PMI falls to 49.4 from 50.2 in December. * Sub-indexes of new orders and new export orders also decline. China's factory activity faltered in January as weak domestic demand dragged down production at the start of the new year, an official survey showed on Saturday.
KELLOGG, Idaho and VANCOUVER, British Columbia, Jan. 30, 2026 -- Bunker Hill Mining Corp. (BHLL) announces that it has closed the seventh and final tranche of the previously announced silver loan with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., in the principal amount of US$4,763,110.38, being the amount of US dollars equal to 50,958 ounces of silver as of the date su...
Credit ratings agency Moody's revised Israel's outlook to "stable" from "negative" on Friday, saying that the ?country's exposure to geopolitical risks has materially eased from ?very high levels.
Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, has earned over $1 million since 2020 as a member of the board of e-commerce company Coupang (CPNG), now at the center of trade tensions between the U.S. and South Korea. Warsh has served on the ?board of the Seattle-based company since October 2019, earning nearly $325,000 in total compensation each year since 2022.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM or FM Group.
U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday she still feels interest rates should fall, but voted to hold monetary policy steady this week only to gather more data before the next reduction in borrowing costs.
U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday she still feels interest rates should fall, but voted to hold monetary policy steady this week only to gather more data before the next reduction in borrowing costs.
The S&P 500 fell for the third day in a row as markets reacted to Kevin Warsh's nomination as the next Federal Reserve chair, while Wall Street finished January on a high note.
US equity indexes declined this week as big tech reported mixed quarterly results, producer price inflation turned hot, and President Donald Trump nominated policy hawk Kevin Warsh as the next chair of the Federal Reserve. The S&P 500 closed at 6,939.03 on Friday versus 6,940.01 a week ago. *Technology was among the worst performers as Microsoft's (MSFT) fiscal Q2 results hurt the sector.
Credit ratings agency ?Moody's revised Israel's ?outlook to "stable" ?from "negative" ?on ?Friday, saying that ?the ?country's exposure to ?geopolitical ?risks ?has materially eased from very ?high levels. The agency affirmed ?Israel's ?local and ?foreign currency ratings at "Baa1".
US equity indexes declined on Friday as Kevin Warsh's nomination to be the Federal Reserve chair lifted the dollar and slammed precious metals amid hot producer price inflation data.
US equity indexes ended lower Friday after President Trump nominated Kevin Warsh as the next Federal Reserve chair, pushing the dollar higher and precious metals into freefall. * President Donald Trump has nominated former Fed governor Kevin Warsh to succeed Jerome Powell.
Onity Group Inc. (ONIT) today announced that its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, closed their previously announced offering of 9.875% Senior Notes due 2029 in an aggregate principal amount of $200 million.
Plug Power Inc (PLUG) shares fell sharply Friday after President Donald Trump formally nominated former Fed governor Kevin Warsh as Federal Reserve chair, sparking fears that a more hawkish policy regime and potentially higher-for-longer interest rates could squeeze the hydrogen fuel-cell maker's capital-intensive growth plans. Here?s what investors need to know.
The U.S. cattle herd dwindled to its smallest size since 1951, the U.S. Department of Agriculture said on Friday, signaling that beef prices will stay high for consumers after setting records last ?year. The nation had 86.2 million cattle and calves as of January 1, the USDA said in a biannual ?report, after a persistent drought drove ranchers to slash their herds.
Munis were largely unchanged this week and tax-exempts continue to be "quite unattractive" at current levels, said Barclays (BCS) strategists led by Mikhail Foux.
US equity indexes slumped ahead of Friday's close as Kevin Warsh's nomination to be the Federal Reserve chair boosted the dollar while sending precious metals into a tailspin.
RBC Capital Markets said the Bank of Canada delivered the expected hold this week, underlining that the timing and direction of the next rate move was uncertain. RBC continues to see a sizable risk of hikes late in the year. RBC said a steady hold at 2.25% was delivered on Wednesday, as expected.
Financial stocks were lower in Friday late afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.2%. The Philadelphia Housing Index dropped 2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.1%. Bitcoin was declining 0.1% to $83,657, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.24%. In e...
Wells Fargo Securities will price for the Chicago Transit Authority $575 million of first and second lien sales tax receipts bonds on Thursday, Feb. 5.
Federal Reserve Governor Stephen ?Miran said ?on Friday that ?U.S. ?President ?Donald Trump has never ?asked ?him to do ?anything ?on ?monetary policy. "He has never asked ?me to do any specific ?action ?on monetary policy," Miran said ?during an interview on Bloomberg TV.
Financial stocks were lower in Friday late 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 dropped 2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.3%. Bitcoin was declining 0.9% to $83,760, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.24%. In c...
NEW YORK, Jan. 30, 2026 ?The CRE Finance Council issued the following statement from Lisa Pendergast, President and CEO, on the nomination of Kevin Warsh to serve as Chair of the Federal Reserve: "CREFC congratulates Kevin Warsh on his nomination to lead the Federal Reserve.
* US yield curve steepens with Warsh nomination. * Balance sheet may not be primary focus for Warsh, analyst says. * US producer prices rise in December, lift yields. * US rate futures price in two full cuts in 2026. By Gertrude Chavez-Dreyfuss.
Brazilian airline Azul secured $1.37 billion in a bond issue, the company said in a securities filing ?on Friday, in a key step toward exiting Chapter 11 bankruptcy proceedings.
Latin American currencies and stocks
fell on Friday after U.S. President Donald Trump announced his
nominee for the Federal Reserve chair, while Colombia's central
bank announced a ...
Fed Governor Christopher Waller said that he dissented in favor of a 25-basis point rate cut at the January FOMC meeting because he believes the current stance of policy is still restrictive given the ongoing weakness in the labor market and an inflation rate that is near the 2% goal when temporary tariffs impacts are removed.
US benchmark equity indexes were lower intraday, while gold and silver prices slumped after President Donald Trump nominated Kevin Warsh to be the next Federal Reserve chair.
Gold and silver prices sank Friday after US President Donald Trump nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair in May. Gold futures slumped 11% to $4,763.71 per troy ounce, while silver slid 31% to $78.60. Earlier this week, gold futures surged past $5,600, while the white metal crossed $121 as investors turned to safe-haven assets amid mounting geopolitical uncertai...
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 2.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was declining 1.9% to $82,982, and the yield for 10-year US Treasuries was rising 1.6 basis points to 4.24%. In eco...
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B and the Long-Term ICRs of ?bb+? of Ocean Harbor Casualty Insurance Company and its affiliates, Great Northwest Insurance Company and Hawaiian Insurance and Guaranty Insurance Company, Limited.
St. Louis Federal Reserve President Alberto Musalem said on Friday the U.S. central bank does not need to cut interest ?rates further unless the job market starts to ?deteriorate or inflation falls. The current 3.50%-3.75% policy ?rate range is neutral, Musalem ?said in ?remarks prepared for delivery to an event at ?the University of Arkansas.
US equity indexes slumped in midday trading on Friday as Kevin Warsh's nomination as Federal Reserve chair boosted the dollar while sending precious metals into a tailspin, and as producer price inflation turned hot in December.
Colombia's central bank raised its benchmark interest rate by 100 basis points to 10.25% on Friday, its first hike in nearly three years and a larger move than most analysts had expected, as policymakers pointed to rising inflation ?pressures, a sharp jump in inflation expectations and mounting fiscal and external risks.
U.S. President Donald Trump on Friday said he will nominate former Federal Reserve governor Kevin Warsh to return as Fed Chair in May, as the president continues his campaign for lower U.S. interest rates. Here are five key things to know about Warsh:?. YOUNGEST-EVER FED GOVERNOR, CRISIS-TESTED.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 2.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was declining 1.9% to $82,982, and the yield for 10-year US Treasuries was rising 1.6 basis points to 4.24%. In cor...
President Donald Trump said on Friday it would be inappropriate to ask Kevin Warsh, his nominee to be the next chair of the Federal Reserve, whether he ?would cut interest rates, but added he was confident Warsh was ?inclined to lower borrowing costs.
Dr. Christina Rahm, Chief Formulator and Lead Scientist of The ROOT Brands, and Clayton Thomas, CEO, were invited to attend the 56th Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland, under the theme "A Spirit of Dialogue."
US equity indexes dropped as Kevin Warsh's nomination as Federal Reserve chair boosted the dollar and sent precious metals into a tailspin, and as the producer price inflation rate jumped in December. The Nasdaq Composite dropped 1% to 23,457.1, with the S&P 500 down 0.8% to 6,914.2 and the Dow Jones Industrial Average lower by 1.1% to 48,563.1 after midday Friday.
The Toronto Stock Exchange is sharply lower in midday trading, plunging near 1,000 points with all sectors lower as fourth-quarter GDP data shows Canada is struggling for growth. The worst performers are miners, and info tech, followed by industrials. Tiago Figueiredo at Desjardins said the Canadian economy appears to have ended the year on very weak footing.
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.
Log In Required
Publication Date