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.
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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