The dollar held firm near a one-week high on Thursday on a Reuters report that the U.S. had carried out new strikes in Iran targeting a military site, while the yen softened towards a level that? triggered central bank intervention last month. The strikes complicated peace talks underway between Washington and Tehran.
The U.S. dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome signs that inflation is heating up. In the first half of last year, the dollar slumped nearly 11%. Since then, it has settled into a narrow trading range, frustrating both those anticipating deeper losses and those hoping for a meaningful rebound.
The Bank of Korea kept its benchmark interest rate unchanged on Thursday to gauge whether the Iran war will damp growth, even as a slumping won and stubborn inflation pressure policymakers to tighten monetary policy in the coming months.
Federal Reserve Vice Chair Philip Jefferson said on Wednesday that the current setting of monetary policy is in the right place amid ongoing upside risks to the inflation outlook.
* Fed's Jefferson says monetary policy is well positioned. * Jefferson says while inflation expected to ease later this year, there are risks. * Jefferson says job market mostly stable. By Michael S. Derby. Federal Reserve Vice Chair Philip Jefferson said on Wednesday that the current setting of monetary policy is in the right place amid ongoing upside risks to the inflation outlook.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. After digesting Q2 results, we raise our 12-month target price by CAD15 to CAD265, which is 18.6x our FY 27 EPS view of CAD14.21, a premium to its five-year forward P/E of 10.9x, given expected efficiency gains and improving revenue diversity. MT Newswires does not provide investment advice.
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., priced a private offering of $300 million aggregate principal amount of additional 8.000% Senior Notes due 2031 in a private offering.
The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
The muni market's gains are likely a continuation of Tuesday, Charles Schwab's Cooper Howard said, but markets could turn sour after personal consumption expenditures data is released Thursday.
WASHINGTON, May 27, 2026 Fannie Mae's?April 2026 Monthly Summary is now available. ?. View original content to download multimedia:https://www.prnewswire.com/news-releases/fannie-mae-releases-april-2026-monthly-summary-302783301.html. SOURCE Fannie Mae.
National Bank of Canada on Wednesday raised its price target on the shares of Alimentation Couche-Tard (ANCTF) to C$91.00 from C$89.00 while maintaining its outperform rating ahead of the company's fiscal fourth-quarter results, set to be released on June 22. The analysts said they expect earnings per share to be US$0.58, above the consensus of US$0.53 and up from US$0.46 last year.
The Federal Reserve's in-house watchdog said on Wednesday it's looking into how the U.S. central bank's Board of Governors reappoints the regional Fed presidents and their deputies to respective five-year terms.
Federal Reserve Governor Lisa Cook on Wednesday said she feels the U.S. central bank should hold short-term interest rates steady for now but, with tariffs, the Iran war and a surge in AI-related investment pushing prices higher, she is prepared to hike rates if needed.
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%. In ec...
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%. In co...
KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Louisiana General Obligation Refunding Bonds, Series 2026-B. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
* Fed's Kashkari calls for focus on inflation risk. * Investors focusing on key US data due later this week. * BofA says gold rally could boost silver above $100 per ounce again. By Anjana Anil and Anmol Choubey.
Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF shedding 0.8%. The Philadelphia Housing Index rose 1.5%, and the State Street Real Estate Select Sector SPDR ETF gained 0.1%. Bitcoin fell 1.6% to $74,905, and the yield for 10-year US Treasuries was little changed at 4.49%. In economic news, Re...
Issuers are watching Washington D.C. gearing up for a water bill reauthorization, along with decisions on state revolving funds, appropriation levels and the future of WIFIA.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF decreasing 0.9%. The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was falling 1.6% to $74,905, and the yield for 10-year US Treasuries was slightly lower at 4....
* Mortgage applications fall 8.5%, refinancing drops, application volumes near yearly low. * Housing supply remains tight as homeowners with low rates stay put, worsening affordability. * Average 30-year mortgage rate hits 6.65%, highest since August 2025, MBA reports.
KBRA assigns ratings of ?BBB? to the Series 2026-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC?s master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mortgage backed securities.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2.
National Bank of Canada (NTIOF) released second-quarter financial results and hosted an earnings call on Wednesday. This content is powered by Benzinga APIs.
AM Best has upgraded the Financial Strength Rating to ?B+? from B and the Long-Term Issuer Credit Rating to ?bbb-? from ?bb+? of Reaseguradora Santo Domingo, S.A.. The outlook of these Credit Ratings has been revised to stable from positive.
In a Tuesday speech, Bank of Canada Deputy Governor Nicolas Vincent highlighted the rise in long-term unemployment, especially for those aged 15-24 years, said Bank of Montreal.
Food-related challenges are surging for America's least well-off residents, and that likely explains the marked rise in a sour consumer mood despite data showing the economy is overall doing pretty well, new research from the Federal Reserve Bank of New York says.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
* NY Fed finds marked rise in food insecurity for many Americans. * NY Fed says food concerns likely linked to bad consumer moods. * NY Fed says lower-income Americans' food challenges greatest. By Michael S. Derby.
U.S. Treasury yields on Wednesday morning edged lower amid continued hopes that Washington and Tehran were moving toward an agreement after nearly three months of war. The U.S. Treasury is due to hold an auction of 5-year notes in the afternoon while investors await Thursday's releases of key economic data on inflation, durable goods and first-quarter economic growth.
Municipal finance professionals surveyed by The Bond Buyer said unrealistic revenue projections were the top driver of problems for public-private partnership deals.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. NA reported Q2 FY26 EPS of CAD3.23 vs CAD2.85 a year ago, CAD0.10 above consensus, though credit quality showed mixed results with provisions declining to CAD233M but gross impaired loans hitting a cyclical high of 114 bps. MT Newswires does not provide investment advice.
* Fed's Kashkari calls for focus on inflation risk. * Investors focusing on key US data due later this week. * Spot silver down more than 3% By Anjana Anil and Anmol Choubey. Gold prices fell to nearly a two-month low on Wednesday, pressured by expectations of tighter monetary policy to fend off rising inflation, with no clear end in sight to the war in Iran.
A group of the world's leading central banks and more than 40 major commercial banks are to step up testing of one of the world's most closely watched digital payments projects, as the race to upgrade - and dominate - the international financial architecture heats up.
KBRA assigns preliminary ratings to five serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2026A, a $47.59 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Dev...
* Leading central banks push ahead with digital payments testing. * Bank of Canada due to join the project going forward. * China's central bank, commercial banks not involved in project. By Marc Jones.
Early Wednesday, 10-year Government of Canada bonds and United States Treasuries are trading at -104 bps, said National Bank of Canada. This means GoCs are slightly outperforming to start, noted the bank. Those levels are quite richer month-to-date, which are at about 19 bps since May 1, though 10-year cross-border outperformance isn't as pronounced as down the curve, stated National Bank.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. An $8 million offering from Northern Potter School District, Pa., records a Flood Risk Score of 5.0 out of 5.0, ICE reports.
ROSELAND, N.J., May 27, 2026 For the four weeks ending May 9, 2026, U.S. private employers added an average of 35,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report. Hiring slowed from the previous week. The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $300 million aggregate principal amount of additional 8.000% Senior Notes due 2031 in a private offering.
The rate on the most popular U.S. residential real estate loan hit a nine-month high last week in another blow to home-ownership affordability, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing up benchmark U.S. Treasury yields.
The rate on the most popular U.S. home loan rose to a nine-month high last week, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing benchmark U.S. Treasury yields higher. The U.S. labor market has since stabilized, with the unemployment rate now at the same 4.3% it was last August.
Up to $1.3 billion in flexible, non-dilutive capital, including up to $800 million of synthetic royalty and access of up to $500 million in senior corporate debt? Combined with company's current total cash of $1.3 billion, this transaction positions Apogee to achieve a self-sustainable financial profile through commercialization of zumilokibart without need for future equity financing Apogee to...
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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