Bank of England policymaker Megan Greene anticipated a decline in the popularity of stablecoins, according to a report published on Monday. Greene expected tokenized deposits to ?probably take over? from stablecoins over the next five years, Reuters reported her comments from a conference in Croatia on Sunday.
China issued sweeping new rules on Monday, widening regulators' powers to scrutinise overseas deals involving Chinese investors, technology, data and national security, a month after Beijing ordered the unwinding of Meta's acquisition of AI startup Manus.
China issued sweeping new rules on Monday, widening regulators' powers to scrutinise overseas deals involving Chinese investors, technology, data and national security, a month after Beijing ordered the unwinding of Meta's acquisition of AI startup Manus.
The United States and Vietnam reaffirmed their commitment to avoid currency manipulation in a joint statement issued by the U.S. Treasury and Vietnam's central bank following high-level consultations, the Treasury said over the weekend.
* RatingDog manufacturing PMI 51.8 in May vs 52.2 in April. * New export orders fall after four months of growth. * Price pressures of manufacturers ease. China's manufacturing sector expanded for a sixth straight month in May, although at a slower pace, as output and new orders remained solid and price pressures eased, a private survey showed on Monday.
The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil.
The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil.
U.S. Federal Reserve Governor Jerome Powell on Sunday warned about the impact of a politicized Fed and made a broader call for the defense of democratic institutions in his first public remarks since the end of his eight-year stint as head of the central bank.
Japan's manufacturing sector expanded in May at a slightly slower pace, as record export order growth was offset by surging costs driven by the Middle East war and inflated output from stockpiling, a private survey showed on Monday.
* Powell urges defense of democratic institutions, warns they face a 'stress test' * Powell says politicized Fed woud lost public trust. * Fed's structure designed to shield policy from politics. By Howard Schneider.
The increased use of stablecoins could reinforce the dollar's global dominance, undermine some nations' ability to set monetary policy and even diminish the role of the euro, European Central Bank board member Isabel Schnabel said on Monday.
China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different - and potentially competing - path from the United States in shaping the future of money.
By Manishi Raychaudhuri. Investors are piling into South Korea and Taiwan for semiconductor stocks, but the AI boom isn't just fattening profits at North Asia's chip champions. Real GDP growth for two of North Asia's AI powerhouses - Taiwan and South Korea - has risen over the past 12 to 15 months, FactSet data shows, with Taiwan's now running at 11.8% in the first quarter.
Bond market volatility is boosting the case for Japan's central bank to pause the unwinding of its massive debt holdings next fiscal year, which would give Prime Minister Sanae Takaichi some relief amid growing investor concerns about her spending plans.
The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of traditional bank deposits, Bank of England policymaker Megan Greene said on Sunday, even as some colleagues took a different view.
The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of traditional bank deposits, Bank of England policymaker Megan Greene said on Sunday, even as some colleagues took a different view.
* May nonfarm payrolls report due on June 5. * Job growth of 85,000 expected as investors wary of hot number. * Broadcom (AVGO) results pose test for AI trade, soaring semi shares. By Lewis Krauskopf. Investors will turn to an important labor market update next week as they weigh whether simmering inflation and the potential for interest rate hikes could derail the rally in U.S. stocks.
The Czech Republic will "probably" miss NATO's target to boost military spending to 2% of gross domestic product?this year, Prime Minister Andrej Babis said in an interview published on Sunday. "We will do our best" to meet the pledge, Babis told the Financial Times, but he said his government was grappling with a budget shortfall due to overspending by his pro-EU predecessor.
* China's official manufacturing PMI falls to 50 in May, matching forecast. * New export orders contract as overseas demand weakens. * Input costs remain elevated even as raw material price gains slow. * Non-manufacturing PMI improves to 50.1. By Ethan Wang, Yukun Zhang and Ryan Woo.
China's factory activity came in flat in May, an official survey showed on Sunday, indicating that the manufacturing sector was under pressure from weak domestic demand and higher production costs.
Central bank independence is again coming under pressure as policymakers push through unpopular measures to curb surging prices, prompting political interference that could erode trust and deepen the crisis, current and former officials said.
* EU considers new trade tools, supply chain diversification rules. * China says EU cites selective data in trade imbalance claims. * EU tougher stance will need to bridge Franco-German divide. By Julia Payne.
China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different - and potentially competing - path from the United States in shaping the future of money.
* S&P 500 marks longest weekly winning streak since December 2023. * Dollar down on the week. * US Treasury yields dip for fourth straight session. * Sources say Hormuz deal awaiting Trump's approval. By Stephen Culp.
* MOODY'S RATINGS CHANGES MALI'S OUTLOOK TO NEGATIVE, AFFIRMS RATINGS AT CAA2. * MOODY'S: OUTLOOK CHANGE TO NEGATIVE REFLECTS RISK THAT MALI'S FRAGILE POLITICAL AND SECURITY SITUATION WILL CONTINUE TO DETERIORATE Source text:
The muni market is experiencing "some short-term optimism," said Hilltop Securities' Tom Kozlik, but there are still "pressures that could potentially be with us for not just weeks, but months."
Freddie Mac today posted to its website its?Monthly Volume Summary for April 2026, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
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.
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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