News Results

Fitch: * FITCH REVISES BOEING'S OUTLOOK TO POSITIVE; AFFIRMS IDR AT 'BBB-'

Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.1%. The Philadelphia Housing Index was falling 0.3%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.1%. Bitcoin was increasing 1% to $59,823, and the yield for 10-year US Treasuries was shedding 1.8 basis poi...

Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.2%. The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.2%. Bitcoin was increasing 0.2% to $59,849, and the yield for 10-year US Treasuries was shedding ...

* Dollar eases but on pace for strong June. * Yen remains at levels primed for intervention. * Consumer sentiment gauge increases but below estimate. The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.

Canada's Consumer Price Index in May rose 0.95% in non-seasonally adjusted terms, following a 0.36% increase in April, and above consensus expectations of a 0.8% increase, National Bank's weekly economic monitor reports. In seasonally adjusted terms, prices edged up 0.48% in May after advancing 0.36% in April. April's GDP data will be released next Tuesday.

Conners & Co. consented to FINRA's findings without admitting or denying them.

Financial stocks were higher in Friday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index was down 0.1%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin was increasing 0.6% to $59,900, and the yield for 10-year US Treasuries was shedding 1.6 basis points to...

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index increasing 0.3% and the State Street Financial Select Sector SPDR ETF adding 0.5%. The Philadelphia Housing Index was up 0.3%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin was increasing 0.8% to $60,083, and the yield for 10-year US Treasuries was shedding 1.7 basis points t...

US consumer sentiment increased in June amid moderating gasoline prices, while inflation expectations eased, a survey by the University of Michigan showed Friday. The main sentiment index jumped nearly 11% sequentially to 49.5 this month. The improvement in sentiment came as gas prices moderated, according to Surveys of Consumers Director Joanne Hsu.

Global trade flows and relationships are shifting after U.S. President Donald Trump imposed unilateral tariffs on most countries, but the U.S. dollar continues to anchor international trade, banking and central bank reserves, the International Monetary Fund's chief economist said on Friday.

Global trade flows and relationships are shifting after U.S. President Donald Trump imposed unilateral tariffs on most countries, but the U.S. dollar continues to anchor international trade, banking and central bank reserves, the International Monetary Fund's chief economist said on Friday.

The International Monetary Fund's chief economist on Friday said Federal Reserve Chair Kevin Warsh's plan to reduce forward rate guidance on monetary policy was "entirely appropriate," although central banks would always need to provide some long-term guidance for markets.

* IMF top economist OK with Fed's Warsh backing off from forward guidance. * Fed's move under Warsh sends a strong signal. * Have seen other central banks reducing guidance as well. By Andrea Shalal.

* Indexes up: Dow 0.08%, S&P 500 0.23%, Nasdaq 0.28% * OpenAI considering to hold off IPO until next year - report. * Philadelphia chips index set for worst week since March 2025. * Healthcare, Staples gain offset tech weakness. By Shashwat Chauhan and Joel Jose.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a+? of Royal Bank of Canada Insurance Company Ltd.. The outlook of these Credit Ratings is stable.

* Dollar eases but on pace for strong June. * Yen remains at levels primed for intervention. * Consumer sentiment gauge increases but below estimate. The dollar slipped for a second straight session on Friday as recent economic data and a drop in oil prices cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.

The outlook revision to stable from negative follows the city's adoption of a fiscal 2027 budget with structural changes that greatly reduced a shortfall.

The Federal Reserve is likely to maintain interest rates stable for the rest of the year, despite its recent hawkish monetary policy statement, as inflation looks set to ease, Morgan Stanley said Friday in a report.

OSCEOLA, Ark. Hybar's existing mill was commissioned nine months ago following a successful construction effort. Construction of the Expansion Mill will take approximately twenty-four months. Hybar has capitalized on its three direct modes of transportation, barge, rail, and truck, to reach customers throughout the United States.

* Goods trade deficit widens 27.4% to $105.8 billion in May. * Goods imports jump 3.6% to $313.4 billion, a 14-month high. * Exports of goods drop 5.4% to $207.7 billion. By Lucia Mutikani.

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb? and the Egypt National Scale Rating of aaa.EG of Misr Insurance Company. The ratings reflect MIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

U.S. consumer sentiment rebounded from record lows in June, though households remained worried about the high cost of living, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index increased to a final reading of 49.5 this month from 44.8 in May. It was a slight improvement from 48.9 earlier this month.

AM Best has affirmed the Financial Strength Rating of B-, the Long-Term Issuer Credit Rating of ?bb-? and the Egypt National Scale Rating of aa+.EG of Suez Canal Insurance. The ratings reflect SCI?s balance sheet strength which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.

U.S. consumer sentiment rebounded from record lows in June, though households remained worried about the high cost of living, a survey showed on Friday. "The cost of living remains at the forefront of consumers' minds," said Joanne Hsu, the director of the Surveys of Consumers.

The University of Michigan consumer sentiment index was revised upwards on Friday to a reading of 49.5 for June from 48.9 in the preliminary estimate, below expectations for a slightly larger revision to 50.0 in a survey compiled by Bloomberg as of 7:30 am ET.

* Fed funds futures traders price 63% odds of a rate hike by September. * Nine of 18 Fed policymakers projected at least one 2026 rate increase. * Reuters-polled economists expect June payrolls growth of 110,000 jobs. By Karen Brettell.

* Indexes down: Dow 0.44%, S&P 500 0.83%, Nasdaq 1.33% * OpenAI considering to hold off IPO until next year - report. * Synaptics (SYNA) up as Onsemi to buy co in $7 bln all-stock deal. By Shashwat Chauhan and Joel Jose.

All With a Stable Outlook KBRA assigns a long-term rating of AAA to the County of Chesterfield, VA General Obligation Public Improvement Bonds, Series 2026 and assigns a long-term rating of AA+ to the Economic Development Authority of Chesterfield County, VA Revenue Bonds, Series 2026 and assigns a AA+ rating to outstanding appropriation debt.

* Futures down: Dow 0.24%, S&P 500 0.52%, Nasdaq 1.3% * OpenAI considering to hold off IPO until next year - report. * Synaptics (SYNA) up as Onsemi to buy co in $7 bln all-stock deal. By Shashwat Chauhan and Joel Jose.

The U.S. trade deficit in goods swelled to a 14-month high in May as businesses boosted imports, likely to avoid shortages and higher prices related to the war in the Middle East, prompting economists to cut their growth estimates for the second quarter. The sharp deterioration in the goods trade deficit, reported by the Commerce Department on Friday, also reflected a decline in exports.

The U.S. trade deficit in goods widened sharply in May as businesses boosted imports to avoid shortages and higher prices related to the Middle East conflict, which could see economists cut their estimates for second-quarter gross domestic product. The goods trade gap increased 27.4% to $105.8 billion last month, the Commerce Department's Census Bureau said on Friday.

* BRAZIL'S CENTRAL BANK SELLS 20,000 REVERSE FX SWAP CONTRACTS AT AUCTION - STATEMENT. * BRAZIL'S CENTRAL BANK SELLS $1 BLN IN SPOT DOLLAR AUCTION - STATEMENT.

While California has improved the timeliness of its audited comprehensive financial reports, Nevada continues to struggle.

Brazil's current account deficit reached $3.185 billion in May, central bank data showed on Friday, narrower than the $4.159 billion shortfall expected in a Reuters poll. Foreign direct investment totaled $7.974 billion for the month, topping the $5.750 billion estimated in the poll.

Strong support for maintaining Canada's 2% inflation target and flexible inflation-targeting framework emerged as a key finding in the Bank of Canada's latest consultation report published on Thursday, ahead of its 2026 monetary policy framework renewal.

* Yen remains in intervention danger zone. * Dollar takes a step back but set for strong June. By Dhara Ranasinghe and Gregor Stuart Hunter. The dollar slipped against most other major currencies on Friday as Federal Reserve rate hike bets were tempered a touch by the latest economic data and falling oil prices, allowing the yen - trading in an intervention danger zone - to find firmer ground.

Federal Reserve Chairman Kevin Warsh has chosen longtime economists at the US central bank, Daniel Covitz and Eric Engstrom, to serve as advisers, The Wall Street Journal reported Friday, citing people familiar with the matter. Covitz is one of three deputy directors in the Fed's division of research and statistics, while Engstrom is a senior associate director in the division of monetary affairs.

The U.S. Federal Reserve will hold its benchmark interest rate steady for the rest of this year, defying financial market pricing for two hikes, according to an even larger majority of economists polled by Reuters. Inflation is running above 4%, the highest in more than three years and double the Fed's target, alongside solid growth and improving labour market conditions.