CHICAGO, May 29, 2026 Ziegler is pleased to announce the successful closing of Londonderry Village's $30,750,000 Series 2026A and 2026B Bonds issued through the West Cornwall Township Municipal Authority, collectively referred to as the. Londonderry Village, a Pennsylvania nonprofit corporation, is a single-site Life Plan Community located on approximately 146 acres in Palmyra, Pennsylvania.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Republic Insurance Company Limited. The ratings reflect Republic Insurance?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.
National Bank of Canada on Friday raised its price target on the shares of Minera Alamos (MAIFF) to C$9.50 from C$8.50 per share while maintaining its outperform rating. The analysts said the company has completed a major restructuring with a clean capital structure and a clear multi-year growth plan.
RBC Capital Markets said next week's key Canadian economic release will be the May Labour Force Survey on Friday, with its economists expecting employment growth and a modest decline in the unemployment rate. In its CAD Weekly Soundbites report, RBC said it expects a 25,000 increase in employment in May and a decline in the unemployment rate to 6.8% from 6.9% in April.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF ahead 0.8%. The Philadelphia Housing Index added 0.9%, and the State Street Real Estate Select Sector SPDR ETF shed 0.7%. Bitcoin was decreasing 0.2% to $73,361, and the yield for 10-year US Treasuries decreased 1 basis point to 4.445%...
U.S. Treasury yields edged lower a fourth straight day on Friday, closing out a week in which reported progress in efforts to secure a truce between the United States and Iran had spurred some optimism on markets.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF ahead 0.6%. The Philadelphia Housing Index added 0.9%, and the State Street Real Estate Select Sector SPDR ETF shed 1%. Bitcoin was decreasing 0.2% to $73,361, and the yield for 10-year US Treasuries decreased 1 basis point to 4.445%. ...
* S&P 500 set for longest weekly winning streak since December 2023. * Global stocks hit fresh record high. * Dollar set for weekly dip. * U.S. Treasury yields dip for fourth straight session. * Sources say Hormuz deal awaiting Trump's approval. By Stephen Culp.
Two Federal Reserve officials offered mixed views on whether the oil price shock could be considered transitory, with Michelle Bowman in favor of looking through such developments and Jeffrey Schmid saying inflation is too hot to ignore.
Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation. The potential shift in the monetary policy outlook has even been embraced by Fed Vice Chair for Supervision Michelle Bowman, one of the central bank's most dovish policymakers.
Fed Vice Chair for Supervision Michelle Bowman said that more clarity is needed on the situation in the Middle East before overreacting to a what could be a one-time spike in energy prices.
Advance data for April showed the international trade deficit narrowed to $82.4 billion from $85.27 billion in March, reflecting a large increase in exports offset by a smaller increase in imports. In the same report, wholesale inventories rose by 0.5% in April after a 1.5% gain in March, while retail inventories increased by 0.7% after a 0.7% gain.
According to Avery Shenfeld, the "surprisingly" weak Q1 GDP readings today actually explained more about why the jobs numbers this year have been "so ugly", rather than necessarily implying we're due for more of the same in May. CIBC sees a net addition of 15K to the ranks of the employed next Friday, compared to a consensus 10k gain, and Shenfled said this might only be enough to hold the unem...
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF ahead 0.9%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was increasing 0.7% to $74,012, and the yield for 10-year US Treasuries was decreasing one basis points...
Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation. The potential shift in the monetary policy outlook has even been embraced by Fed Vice Chair for Supervision Michelle Bowman, one of the central bank's most dovish policymakers.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF ahead 0.9%. The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.6%. Bitcoin was increasing 0.8% to $74,154, and the yield for 10-year US Treasuries was decreasing 1.9 basis points...
Sallie Mae?, formally SLM Corporation (SLM), today announced Co-President and Chief Financial Officer Pete Graham will speak at the 2026 Morgan Stanley US Financials Conference on Wednesday, June 10, at 7:30 a.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
A sharp jump in Treasury yields following the Middle East conflict is unlikely to dampen investor appetite for equities, given corporate earnings growth and excitement surrounding artificial intelligence, Wells Fargo Investment Institute said in a note.
* Loonie weakens 0.1% against the U.S. dollar. * GDP falls 0.1% annualized in first quarter. * Price of oil decreases 1.6% * Bond yields ease across steeper curve. By Fergal Smith.
KBRA assigns ratings of BBB to TPG Twin Brook Capital Income Fund's $50 million, 6.67% senior unsecured notes due June 2029 and its $175 million, 7.03% senior unsecured notes due June 2031.
* U.S. and Iran have agreed to extend ceasefire, sources say. * Canada's Q1 GDP contracts in the first quarter. By Niket Nishant. Canada's main stock index climbed on Friday and was on course for its second consecutive month of gains, as renewed hopes for a Middle East peace deal buoyed investor sentiment.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC. The ratings reflect Halyk-Life?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
* S&P 500 set for longest weekly winning streak since December 2023. * Global stocks hit fresh record high. * Dollar set for weekly dip. * U.S. Treasury yields dip for fourth straight session. * Sources say Hormuz deal awaiting Trump's approval. By Stephen Culp.
National Bank of Canada on Friday removed Tamarack Valley Energy (TNEYF) from restriction, raising its price target to C$16.50 from $15 with an outperform rating. The target price increase reflects the high-graded fundamentals of the business, specifically lower sustaining capital and higher associated free cash flow, the bank said.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank's 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.
U.S. Treasury yields were headed lower for a fourth straight day on Friday morning, closing out a week in which reported progress in efforts to secure a truce between the United States and Iran had spurred some optimism on markets.
AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of ?aa+? to Park Avenue Life Insurance Company. The ratings reflect PALIC?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management.
* BANK OF CANADA TO AUCTION C$5 BILLION OF 2-DAY FUNGIBLE CASH MANAGEMENT BILLS ON JUNE 1, FINAL CALL FOR TENDERS SHOWS. * BANK OF CANADA TO AUCTION C$3 BILLION OF 4-DAY NON-FUNGIBLE CASH MANAGEMENT BILLS ON JUNE 1, FINAL CALL FOR TENDERS SHOWS. Source text: Further company coverage: [ ]
On Friday, Laurentian Bank of Canada (LRCDF) discussed second-quarter financial results during its earnings call. This content is powered by Benzinga APIs. Access the full call at https://app.webinar.net/qWnJVW4ND3B LandBridge Co LLC reported a 12% increase in total revenue year-over-year, reaching $213.7 million this quarter.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she is looking for more clarity on the Middle East conflict before determining the monetary policy path forward, noting the risks of overreaction to temporary factors.
Federal Reserve Bank of Philadelphia President Anna Paulson said Friday "mildly restrictive" monetary policy is "well positioned" for an uncertain outlook where inflation pressures remain too high.
Canada's main stock index opened slightly higher on Friday amid reports that a deal has been reached to extend the U.S.-Iran ceasefire, even as gains were kept in check by data that showed Canada's economy contracted on an annualized basis in the first quarter. At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was up 0.12% at 34,557.46 points.
Canada's economy "remained ice cold" throughout the early days of 2026, says Royce Mendes over at Desjardins, but even though the early economic results for 2026 "aren't encouraging" the Bank of Canada may be hesitant to put cuts back on the table, he adds. Mendes noted Friday's economic data showed quarterly GDP declined 0.1% in Q1, in sharp contrast to expectations for 1.5% growth.
Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday the Middle East war's impact on the economy, while still being measured, could lead to persistent rises in inflation that might require tighter monetary policy.
Kennametal (KMT) completed a series of financing transactions aimed at boosting liquidity, extending debt maturities and supporting near-term tungsten-related working capital needs, the company said Friday. The company completed a $300 million offering of 5.800% senior unsecured notes due 2036 and a cash tender offer for $300 million of 4.625% senior notes due 2028, it said.
The Canadian economy continued to struggle in Q1 as gross domestic product posted another decline, said CIBC after Friday's GDP data. The 0.1% annualized drop was in stark contrast with the consensus for a rebound to 1.5%, noted the bank.
Canadian real gross domestic product edged down 0.1% month over month in March, partially offsetting February's increase of 0.2% and driven by contractions in goods-producing industries, said the country's statistical agency on Friday. March's contraction was worse than a 0.1% month-over-month consensus expansion provided by MUFG.
The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was unlikely to be sustainable, with businesses ramping up investment in artificial intelligence.
* First quarter GDP contracts 0.1% on an annualized basis. * Q1 decline follows 1% contraction in Q4 on annual basis. * GDP was flat in Q1 on a quarterly basis, StatsCan said. * Advance estimate showed growth in April likely at 0.4% By Promit Mukherjee.
The U.S. trade deficit in goods contracted in April as a surge in exports more than offset rising imports, a trend that if sustained could see trade contributing to economic growth in the second quarter. The goods trade gap narrowed 3.4% to $82.4 billion last month, the Commerce Department's Census Bureau said on Friday. Goods exports increased $8.5 billion to $219.7 billion.
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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