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.
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. The unemployment rate held at 4.3%, unchanged from the previous reading and in line with the 4.3% consensus.
The yield on the 30-year US Treasury bond has retaken the 5% mark for the third time in less than three years, and this time the bill is arriving in plain sight: Washington is now spending roughly?$1.22 trillion?a year servicing its debt, the equivalent of over 4% of GDP and a level the United States has not paid out in interest since the early 1990s.
Bitcoin is increasingly seen as a national security tool, sparking a debate about how Bitcoin will integrate in times of rising sovereign debt. U.S. public debt has topped 100% of GDP for the first time since 1946 when the country demobilized after World War II. The government now spends $1.33 for every dollar collected, with debt service approaching $1 trillion annually.
Ocugen (OCGN) reported first-quarter financial results on Tuesday. This transcript is brought to you by Benzinga APIs. View the webcast at https://edge.media-server.com/mmc/p/znywz75g/ Ocugen Inc (OCGN) announced a $115 million offering of convertible senior notes, expected to close on May 7, 2026, enhancing cash reserves to $112.1 million and extending cash runway into 2028.
Addus HomeCare (ADUS) held its first-quarter earnings conference call on Tuesday. Benzinga APIs provide real-time access to earnings call transcripts and financial data.
On Monday, ON Semiconductor discussed first-quarter financial results during its earnings call. This transcript is brought to you by Benzinga APIs. View the webcast at https://edge.media-server.com/mmc/p/62mp4a93 ON Semiconductor reported Q1 2026 revenue of $1.51 billion, with non-GAAP EPS of $0.64, both exceeding guidance midpoints.
Wall Street is bracing for a leadership shift at the Federal Reserve as Jerome Powell's term nears its end, with Kevin Warsh widely seen as a potential successor. This time, the ETF market is reinforcing that shift.
The week saw significant developments in the U.S. economy, with the GDP growth rate for the first quarter of 2026 soaring, gas prices, and a dip in President Trump?s approval rating. The U.S. economy experienced a 2% annualized growth rate in the first quarter of 2026, as per the advance estimate released on Thursday.
The average 30-year fixed-rate mortgage rose to 6.30% for the week ending April 30, 2026, up from 6.23% the prior week, Freddie Mac?? said Thursday. The 15-year fixed rate also rose, averaging 5.64%, compared with 5.58% last week.
Bitcoin is trading sideways near $76,000 as traders closely watch Federal Reserve policy and regulatory developments. During an Apr. 30 crypto roundtable featuring Benjamin Cowen, analysts highlighted two key near-term risks: tightening global regulation and uncertainty around Federal Reserve policy.
ConocoPhillips (COP) reported first-quarter fiscal 2026 results that topped analyst expectations, supported by stronger-than-expected earnings and revenue. The company posted earnings of $2.2 billion, or $1.78 per share, down from $2.8 billion, or $2.23 per share, in the same quarter last year. Total production declined 80 MBOED year over year to 2.3 million barrels of oil equivalent per day.
Borrowing costs across the U.S. are set to remain elevated, as interest rates are expected to stay higher for longer. The Federal Reserve left its benchmark federal funds rate unchanged at 3.50%?3.75%, with Jerome Powell indicating policymakers are in no rush to begin cutting amid persistent inflation pressures. The decision extends a period of "higher-for-longer" policy.
Editor?s note: This article was updated to add more details and context. U.S. economic activity expanded at an annualized rate of 2% in the first quarter, according to the advance estimate released Thursday. The reading marked an acceleration from the prior 0.5% pace but came in below economists' expectations for a 2.3% expansion.
U.S. economic activity expanded at an annualized rate of 2% in the first quarter, according to the advance estimate released Thursday. The reading marked an acceleration from the prior 0.5% pace but came in below economists' expectations for a 2.3% expansion.
The S&P 500 closed lower on Wednesday, slipping to 7,135.95 as investors balanced a pivotal day of megacap tech earnings against an escalating geopolitical standoff and the Federal Reserve?s decision on interest rates. The Polygon-based Polymarket crowd is slightly bearish heading into Thursday?s open.
Jerome Powell used his final press conference as Federal Reserve chair to deliver an unexpected message: he is not leaving the Fed. When his term expires on May 15, Powell plans to remain on the Board of Governors, citing what he called "unprecedented" legal assaults on the central bank ? a move that could reshape the balance of power inside the Federal Open Market Committee.
The Federal Reserve held the benchmark federal funds rate at 3.50-3.75% on Wednesday, in what is widely expected to be Chair Jerome Powell?s final policy decision before passing leadership to Kevin Warsh on May 15. Governor Stephen Miran again dissented in favor of a quarter-point cut.
The Federal Reserve held the benchmark federal funds rate at 3.50-3.75% on Wednesday, in what is widely expected to be Chair Jerome Powell?s final policy decision before passing leadership to Kevin Warsh on May 15. Governor Stephen Miran again dissented in favor of a quarter-point cut.
Later today, Federal Reserve Chair Jerome Powell will hold what is probably the final meeting of his tenure. Fed entered 2026 flirting with a rate cut down the road. Yet, that hope dispersed once the war with Iran drove renewed cost-side inflation.
Tradeweb Markets (TW) released first-quarter financial results and hosted an earnings call on Wednesday. This transcript is brought to you by Benzinga APIs.
Bitcoin tapped $77,000 early Wednesday as analysts debate how the change at the helm of the Federal Reserve will impact the apex crypto. In an Apr.29 podcast, Benjamin Cowen said Bitcoin has historically performed best under loose monetary conditions.
On Wednesday, Parsons discussed first-quarter financial results during its earnings call. This content is powered by Benzinga APIs. The full earnings call is available at https://edge.media-server.com/mmc/p/bj9subw7 Parsons reported a strong start to 2026, achieving record adjusted EBITDA margin of 10.1%, and record total and funded backlog of $9.3 billion and $6.6 billion respectively.
With inflation heating up, growth holding firm and markets dialing back rate cut bets, the Federal Reserve heads into its April meeting under pressure for what is likely to be Chair Jerome Powell?s last press conference.
Bitcoin held near $76,000 while major altcoins remained subdued, as traders positioned cautiously ahead of the Federal Open Market Committee meeting. Notable Statistics: Notable Developments: Trader Notes: Bitcoin technical analyst CryptoCon said Bitcoin is facing strong resistance around the $78,000 level, where multiple indicators, including the Simple Bands midline, are acting as a ceiling.
Billionaire investor Michael Novogratz said Bitcoin could struggle to reclaim the $100,000 level without a meaningful shift in macroeconomic conditions, particularly monetary policy. Speaking on the broader crypto outlook to Bloomberg on Tuesday, Novogratz said a sustained move higher in Bitcoin would likely require central banks, especially the Federal Reserve, to ease policy.
Vanguard is expanding its fixed-income toolkit with the launch of a new suite of model portfolios built using its existing Target Maturity Corporate Bond ETFs. The offering is aimed at financial advisors seeking more efficient ways to construct customized bond portfolios, as demand grows for precision in managing interest rate and credit risk without adding operational complexity.
BlackRock (BLK) is integrating its tokenized money market fund BUIDL with cryptocurrency exchange OKX as Bitcoin spot ETFs continue to attract significant inflows. Under the arrangement, the fund can be used as collateral while continuing to generate yield from low-risk assets such as U.S. Treasuries.
Herc Holdings (HRI) released first-quarter financial results and hosted an earnings call on Tuesday. This content is powered by Benzinga APIs. Access the full call at https://events.q4inc.com/attendee/164532046 Herc Holdings Inc (HRI) completed the integration of H and E Equipment Services, expanding their branch network by 30% and focusing on optimizing fleet mix and driving efficiencies.
Bitcoin trades near $76,000 as institutional flows turned negative ahead of a closely watched Federal Reserve meeting. Bitcoin ETFs saw $263.2 million in net outflows on Monday, while Ethereum ETFs reported $50.5 million in net outflows. ? Meme coin market capitalization is down 3.5% to $36.4 billion over the past 24 hours.
Federal Reserve Chair Jerome Powell is days from one of the most consequential decisions of his career: walk away from the central bank when his chairmanship ends May 15, or stay on as a governor through January 2028 and deny Donald Trump a working majority on the Fed board.
The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the ?Greed? zone on Friday. U.S. stocks settled mixed on Friday, with the S&P 500 and Nasdaq Composite settling at record levels during the session.
The latest conflict in the Middle East only reinforced a trend that gained momentum in 2025. Yet, the International Monetary Fund sees the issue, warning that the same spending boom could destabilize the support for those valuations in the first place.
BitMEX co-founder Arthur Hayes predicts Bitcoin will hit $145,000 by year end as the Federal Reserve quietly expands its balance sheet by $40 billion per month and wartime spending forces commercial banks to print money. Hayes said the Fed?s balance sheet is expanding at approximately $40 billion per month through reserve management purchases, despite all the inflation concerns.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.4% on Thursday. The Dow traded down 0.20% to 49,392.89 while the NASDAQ fell 0.38% to 24,562.83. The S&P 500 also fell, dropping, 0.11% to 7,130.12. Leading and Lagging Sectors Utilities shares jumped by 2.1% on Thursday.
Something the Federal Reserve has been quietly dreading just showed up in business surveys. S&P Global?s headline flash Composite PMI Output Index rose to a three-month high of 52.0 in April from 50.3 in March, above the 50 threshold that separates expansion from contraction. The Manufacturing PMI jumped to 54.0, the highest reading since May 2022.
On Wednesday, Freddie Mac and Fannie Mae announced their acceptance of mortgages evaluated using VantageScore 4.0 to reduce costs for American homebuyers and stimulate competition in the mortgage credit-scoring market. The mortgage housing behemoths will initiate?a limited roll-out to approved?lenders.
On Tuesday, Capital One Finl discussed first-quarter financial results during its earnings call. Benzinga APIs provide real-time access to earnings call transcripts and financial data.
Amplify ETFs is doubling down on income-focused innovation with the launch of two new fixed income funds that blend bond exposure with options strategies. The Amplify LQD Investment Grade 12% Target Income ETF and the Amplify HYG High Yield 10% Target Income ETF , both designed to deliver elevated income by pairing corporate bonds with systematic weekly covered calls.
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.
President Donald Trump picked Kevin Warsh to deliver the rate cuts the White House has been demanding for more than a year. But the incoming Federal Reserve chairman is arriving in Washington with a different product. Warsh?s opening statement for Tuesday?s confirmation hearing before the Senate Banking Committee refuses to commit to any.
Former Fed nominee Judy Shelton unloaded on Fed Chair Jerome Powell in a Sunday Wall Street Journal op-ed, branding the central bank?s 2% inflation target a policy of ?intentional debasement? and invoking James Madison?s view that a depreciating currency is unconstitutional because it erodes property rights. The timing is not subtle.
Pablo Hern?ndez de Cos, General Manager of the?Bank for International Settlements, said Monday that stablecoins present both ?opportunities and challenges,? urging coordinated efforts to move forward. Stablecoins are cryptocurrencies designed to maintain a stable value by pegging it to a reserve asset.
U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Thursday. Following the market opening Thursday, the Dow traded up 0.27% to 48,593.82 while the NASDAQ rose 0.07% to 24,032.72. The S&P 500 also rose, gaining, 0.16% to 7,033.84. Leading and Lagging Sectors Energy shares climbed by 1% on Thursday.
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.
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.
Blue Owl Capital is making a comeback, raising $400 million from bond investors, following several months of ripples in the private credit market. ??Blue Owl Capital shares are climbing with conviction. The bonds, issued by Blue Owl Capital Corp, are investment-grade rated notes.
Editor?s Note: This article has been updated with additional content. Wall Street braced for the Hormuz shock to hit wholesale prices in March. The Producer Price Index for final demand rose 0.5% month-over-month in March, matching February?s pace of 0.5% but landing below the 1.1% consensus estimate, according to the Bureau of Labor Statistics.
U.S. home sales dipped last month to their slowest pace in nine months, indicating a sluggish start to what is typically the busiest season for the housing market. A report from the National Association of Realtors revealed that existing home sales fell 3.6% in March from February to an annual pace of 3.98 million units.
Wall Street braced for the Hormuz shock to hit wholesale prices in March. The Producer Price Index for final demand rose 0.5% month-over-month in March, matching February?s pace of 0.5% but landing below the 1.1% consensus estimate, according to the Bureau of Labor Statistics.
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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