QXO, Inc. (QXO) announced today that its wholly owned subsidiary, QXO Building Products, Inc., has priced its offering of $1.5 billion of 6.500% Senior Notes due 2031 and $1.5 billion of 6.875% Senior Notes due 2034 at par.
OUTFRONT Media Inc (OUT): * OUTFRONT MEDIA ANNOUNCES PRICING OF SENIOR UNSECURED NOTES OFFERING. * OUTFRONT MEDIA (OUT) - PRICES $500 MILLION 6% SENIOR NOTES DUE 2034 Source text: Further company coverage:
Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$750,000,000 of senior notes due 2056 at an issue price of 100%. The Notes will be unsecured senior obligations of Fairfax and will pay a fixed rate of interest of 6.200% per annum. Fairfax intends to use the net proceeds of this offering for general corporate purposes.
NEW YORK, June 3, 2026 OUTFRONT Media Inc. (OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $500.0 million in aggregate principal amount of 6.000% Senior Notes due 2034.
* Japan more exposed to spillover effects of inflation. * BOJ will keep raising rates at 'appropriate pace', Ueda says. * Ueda signals rate-hike chance even if Iran uncertainty remains. * Delaying rate hike may inflict huge burden on economy. * Speech heightens chance of June rate hike, analysts say. By Leika Kihara.
Federal Reserve Bank of Dallas President Lorie Logan on Wednesday said she feels monetary policy is currently "neutral or perhaps even a bit loose," in contrast with what she feels the economy needs in light of inflation that's too high.
DALLAS, June 3, 2026 ATI Inc. (ATI) announced today that it has priced its public offering of senior notes. ATI intends to use approximately $350 million of the net proceeds of the offering of the Notes to redeem all of its outstanding 5.875% Senior Notes due 2027.
Dallas Federal Reserve President Lorie Logan on Wednesday said signs of robust economic growth and corporate earnings "going gangbusters" are helping to make her worried that the Fed may need to raise interest rates this year to get inflation back down to its 2% target.
Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%. In economi...
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was falling 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points t...
* Middle East tensions drive oil prices higher, fueling inflation concerns. * US economic data beats forecasts, with strong private payrolls and factory orders. * Fed's Williams sees no need to change rates despite inflation risks. By Chuck Mikolajczak.
* Fed's 'Beige Book' shows pervasive impact of higher energy prices. * Outlook for economic growth uncertain, with signs of weak consumer spending. * Warsh convenes his first policy meeting as Fed chief in two weeks. By Ann Saphir and Howard Schneider.
US economic activity increased at "a slight to moderate" pace in 10 of the 12 Federal Reserve districts since mid-April, though underlying signs were less encouraging, the Fed's latest Beige Book released Wednesday showed.
Brazil's trade surplus reached $7.8 billion in May, official data showed on Wednesday, above market expectations, as higher prices drove export growth at a faster pace than imports. Economists polled by Reuters had forecast a $7.7 billion surplus for the month.
Federal Reserve Chairman Kevin Warsh inherits an economy riding an investment boom but showing signs of consumer strain, weak hiring and rising prices, according to reports from his colleagues that will frame his debut meeting in two weeks as the head of the U.S. central bank.
U.S. economic activity increased a bit in recent weeks, employment was little changed, and the fallout from higher energy prices due to the war in the Middle East was pervasive, the Federal Reserve said on Wednesday, two weeks before Kevin Warsh convenes his first policy meeting as head of the U.S. central bank.
Brazil's trade surplus reached $7.82 billion in May, official data showed on Wednesday. Economists polled by Reuters had forecast a narrower $7.65 billion surplus for the month.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF shedding 0.9%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.7%. Bitcoin was falling 2.4% to $65,724, and the yield for 10-year US Treasuries was rising 5 basis points to 4...
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF shedding 1%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was falling 1.2% to $65,838, and the yield for 10-year US Treasuries was rising 4 basis points to 4.4...
Health care leads all sectors with 20,200 net hires; 17 of 19 sectors, all four U.S. regions, and every company size tier post positive results SAN FRANCISCO, June 3, 2026 Gusto, the leading partner for small businesses, today released its May 2026 Small Business Jobs Report, showing America's small businesses added an estimated 83,900 net new jobs on a seasonally adjusted basis last month.
The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, but S&P Global (SPGI) pointing to a deceleration. The ISM's purchasing managers' index rose to 54.5 last month from 53.6 in April.
Canada's gross domestic product has now contracted for two consecutive quarters and the recession word is making the rounds again, said TD after Friday's Q1 GDP data. Defining a recession in Canada isn't as straightforward as the popular "two consecutive quarters of negative GDP" rule of thumb, writes the bank in a note to clients.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?a-? and affirmed the Long-Term Issue Credit Ratings on the unsecured debt and preferred equity of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. In addition, AM Best has affirmed the Long-Term ICRs of ?a-? of Fairfax Inc. and Zenith National Insurance Corp., both of which are indirectly, wholly owned downstream holding companies of Fai...
All three major US stock indexes were down late-morning Wednesday, as oil prices and US Treasury yields rose amid concerns about the ongoing conflict between the US and Iran. In company news, Alphabet upsized its equity capital raise to $84.75 billion from the previously announced $80 billion, according to a regulatory filing Tuesday.
Investors most recently added $2.33 billion to mutual funds for the week ending May 27, bringing positive flows to date to almost $40 billion, according to LSEG Lipper.
* Middle East tensions drive oil prices higher, fueling inflation concerns. * US economic data beats forecasts, with strong private payrolls and factory orders. * Fed's Williams sees no need to change rates despite inflation risks. By Chuck Mikolajczak.
S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.
The Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.
Industrial production in Brazil exceeded market expectations in April, data from statistics agency IBGE showed on Wednesday, expanding for a fourth consecutive month despite tight monetary conditions. * Output rose 0.7% in April from March, while economists in a Reuters poll had expected a 0.4% increase. * Production expanded in two of the four main categories surveyed, IBGE said.
New York Federal Reserve President John Williams said on Wednesday he does not expect upside risks to inflation caused by the war in the Middle East to be long-lasting and reiterated there was no need at this time to change U.S. monetary policy.
Federal Reserve Bank of New York President John Williams reiterated on Wednesday that he does not believe the U.S. central bank needs to change the setting of short-term interest rates despite upside inflation risks tied to the Middle East war and other forces. "Monetary policy, I think, is exactly in the right place," Williams said in an interview on Yahoo Finance.
Canada's Q1 gross domestic product weakness prompts UBS to lower its 2026 growth forecast to 1.0%, although the headline technical recession overstates the degree of underlying softness given volatile trade and inventory swings. While the picture isn't all negative, the bank has lowered its forecast for real GDP growth in 2026.
The Institute for Supply Management's US services index rose to a reading of 54.5 in May from 53.6 in April, compared with expectations for a smaller increase to a reading of 53.8 in a survey compiled by Bloomberg.
U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt?inventories in anticipation of shortages and higher prices because of the war with Iran. The Institute for Supply Management said on Wednesday its nonmanufacturing purchasing managers index increased to 54.5 last month from 53.6 in April.
* Services PMI increases 0.9 percentage point to 54.5 in May. * New services orders jump as businesses replenish inventories. * Measure of prices paid for inputs increases to highest level since August 2022. By Lucia Mutikani.
Canada's services economy expanded at a modest pace in May as the Middle East conflict raised economic uncertainty and higher fuel prices contributed to the fastest increase in operating costs in four years, S&P ?Global's Canada services PMI data showed on Wednesday.
The economic instability of the last two decades ? marked by the 2008 global financial crisis, the 2020 COVID-19 pandemic, and subsequent surge in global inflation ? shattered a period of economic stability, and the collapse in global GDP per capita during 2020 was sharper than in any single year of World War I, World War II, or the Great Depression.
* US strikes near Hormuz. * US private payrolls increase in May, ADP says. * US NFP report due on Friday. By Ashitha Shivaprasad. Gold prices dipped on Wednesday, weighed down by expectations that war-driven inflation will keep interest rates elevated, while investors focused on developments in the Middle East and upcoming economic data.
ADP's monthly measure of private payrolls showed a 122,000 increase in May, slightly above expectations compiled by Bloomberg as of 7:30 am ET for an increase of 120,000.
TORRANCE, Calif., June 03, 2026 -- Virco Mfg. Largely because of the reduction in revenue and related lower factory output and overhead absorption, gross margin for the first quarter declined from 47.5% to 41.4%. Inventories have been adjusted to reflect current demand levels, declining 7.7% from $74.0 million last year to $68.3 million this year.
U.S. private payrolls increased more than expected in May, the ADP's national employment report showed on Wednesday. The ADP report is jointly developed with the Stanford Digital Economy Lab, and was published ahead of the Bureau of Labor Statistics' more comprehensive and closely watched employment report for May on Friday.
ROSELAND, N.J., June 3, 2026 ?Private sector employment increased by 122,000 jobs in May and pay was up 4.4 percent year-over-year according to the May?ADP National Employment Report??produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
Industrial production in Brazil rose 0.7% in April from March, government statistics agency IBGE said on Wednesday, marking the fourth consecutive monthly gain and beating the median estimate of a 0.4% rise in a Reuters poll. Output was up 2.7% year-on-year in April, IBGE added.
Celcuity (CELC) said Wednesday it plans to issue $400 million in convertible senior notes due 2032 through an underwritten public offering. The company said it intends to grant underwriters a 30-day option to purchase up to an additional $60 million of notes for over-allotments. Celcuity (CELC) said the terms, including interest and conversion rates, will be determined at pricing.
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.
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