US nonfarm payrolls are expected to rise by 85,000 in May after a 115,000-jobs gain in April, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.3%. The May employment report is due to be released at 8:30 am ET Friday.
Kansas City Federal Reserve President Jeffrey Schmid said on Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or hiking rates to tamp down inflation that has been above target for years. "The big question now is do we stay patient?"
Kansas City Fed president Jeffrey Schmid said Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or rate hikes to tamp down inflation that has been years above target. "The big question now is do we stay patient?"
US equity indexes rose in midday trading Thursday amid a broad-based rally as a decline in crude oil futures helped push government bond yields lower. The Dow Jones Industrial Average jumped 1.6% to 51,516.9, the S&P 500 rose 0.5% to 7,591.9, and the Nasdaq Composite added 0.2% to 26,899.5 in Thursday's midday trading.
Gold prices were higher midafternoon on Thursday as the dollar and treasury yields weakened as oil prices dropped after Israel and Lebanon reached a ceasefire agreement, lowering the inflation fears that have kept the precious mental rangebound since the start of the war between the United States and Iran. Gold for July delivery was last seen up US$40.50 to US$4,507.40 per ounce.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.5%. The Philadelphia Housing Index increased 0.5%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was falling 1.4% to $63,157, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.469%...
Blockchain-based tokenization could modernize muni market infrastructure by compressing settlement timelines, automating coupon and redemption workflows, and creating a shared, immutable ownership and compliance record.
San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.5%. The Philadelphia Housing Index increased 0.5%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was falling 1.4% to $63,157, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.469%...
* Boston Fed paper says changes in US energy use bear on Fed policy response. * Boston Fed researchers say Fed can concentrate on inflation issues amid current shock. * Some Fed officials weighing need for rate hikes to combat high inflation. By Michael S. Derby.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.48%. ?The 30-year fixed-rate mortgage decreased to 6.48% this week,? said Sam Khater, Freddie Mac?s Chief Economist.
Canada updates the Labour Force Survey for May on Friday at 8:30 a.m. ET, said Scotiabank. Consensus sits at a 10,000 gain in jobs, with most expecting a rise except for an anonymous entry, noted the bank. Scotiabank estimates a 25,000 increase, with an unchanged unemployment rate of 6.9%. May is when university and college grads heave a sigh of relief after completing exams, pointed out the bank.
IQVIA (IQV) said Thursday that a subsidiary has priced an offering of 950 million euros of 4.625% senior notes due June 15, 2033. Proceeds will be used to refinance its debt, the company said. IQVIA (IQV) shares were up about 3% in morning trading. Price: 187.71, Change: +5.66, Percent Change: +3.11. MT Newswires does not provide investment advice.
Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new C$500 million tech fund to help homegrown AI firms.
Global supply chains remained under pressure in May as a result of the war in the Middle East, data from the New York Federal Reserve showed on Thursday, suggesting inflation pressures will remain formidable for the foreseeable future. The regional Fed bank's latest Global Supply Chain Pressure Index ebbed modestly to 1.77 from an unrevised 1.82 in April.
* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal and Israel-Lebanon ceasefire. * Fed's Lorie Logan says policy may be too loose. By Chuck Mikolajczak. U.S. Treasury yields were lower on Thursday, after labor market data was softer than expected, while oil prices tumbled on renewed optimism a deal to end the war between the U.S. and Iran could be reached.
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb+? to Insurance Company Alatau City Garant JSC. The ratings reflect Alatau?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Treating the current tariff environment as permanent, the Canadian Parliamentary Budget Officer now projects real gross domestic product growth of 1.1% for this year and 1.6% in 2027, down from 1.3% and 1.8%, respectively, from its September 2025 outlook.
VALLEY FORGE, Pa., June 4, 2026 Vanguard today announced the launch of the Vanguard U.S. High?Yield Corporate Bond Index ETF, expanding its fixed income lineup with index?based exposure to U.S. dollar-denominated high?yield corporate bonds.
Gold prices rose early on Thursday as the dollar and treasury yields weakened as oil prices dropped after Israel and Lebanon reached a ceasefire agreement, lowering the inflation fears that have kept the precious mental rangebound since the start of the war between the United States and Iran. Gold for July delivery was last seen up US$59.10 to US$4,526.00 per ounce.
The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four months, but the underlying trend remained consistent with a stable labor market. Economists shrugged off the rise in weekly jobless claims reported by the Labor Department on Thursday as volatility related to last Monday's Memorial Day holiday.
The number of Americans filing claims for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with a stable labor market. Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 225,000 for the week ended May 30, the Labor Department said on Thursday.
US initial jobless claims rose to a level of 225,000 in the week ended May 30 from a downwardly revised 212,000 level in the previous week, compared with expectations for a 215,000 level in survey of analysts compiled by Bloomberg as of 7:30 am ET. The four-week moving average jumped by 6,500 to 214,750 after increasing by 5,500 to a level of 208,250 in the previous week.
As homeownership slips further out of reach, Better and Coinbase show a new path is possible for qualified buyers to secure a mortgage using Bitcoin as collateral Better Home & Finance Holding Company (BETR), and Coinbase, today announced the funding of the first Fannie Mae-backed mortgage backed by Bitcoin in the United States. This press release features multimedia.
With its "Summer of AI," HighLevel is making the technology reshaping the global economy free for the small businesses and agencies that need it most, not just the enterprises that can afford it. DALLAS, June 4, 2026 /PRNewswire/ --?Small businesses are the engine of the American economy.
The Canadian economy hit a clear soft patch at the start of 2026, as confirmed by last week's gross domestic product, said Scotiabank. GDP was essentially flat in Q1, coming in below all expectations and pointing to softer underlying demand pressures, noted the bank. That said, the headline weakness should be interpreted with "caution," stated Scotiabank.
CES Energy Solutions (CESDF) entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement, $300.0 million of its 5.625% senior unsecured notes due June 15, 2033, it said overnight Wednesday. The offering is expected to close on or about June 15, subject to closing conditions.
Celcuity (CELC) said late Wednesday it has priced an upsized offering of $500 million of its 0.25% convertible senior notes due 2032. Underwriters have been granted a 30-day option to purchase up to an additional $75 million of the notes.
16 meeting. * Ueda all but cemented June hike in hawkish narrative pivot. * Board to scrutinise war developments in reaching final decision. * No explicit opposition from dovish administration so far. * BOJ eyes pause or slowdown in bond taper next fiscal year. By Leika Kihara.
The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.
* BOJ likely to raise policy rate to 1% at June 15-16 meeting. * Ueda all but cemented June hike in hawkish narrative pivot. * Board to scrutinise war developments in reaching final decision. By Leika Kihara.
The Federal Reserve's quarterly "dot plot" rate forecasts may soon lose their last projected rate cut, the so-called easing dot, and the plot itself could possibly disappear altogether. The new Fed chair is busily setting out his stall and dutifully consulting staff before his first policy meeting later this month.
Technip Energies NV: * ANNOUNCES THE PRICING OF ITS ?500 MILLION NOTES MATURING IN 2033. * NOTES OFFERING CLOSING ANTICIPATED ON JUNE 10, 2026. * OFFERING WAS MORE THAN FIVE TIMES OVERSUBSCRIBED AMONG A BROAD EUROPEAN INVESTOR BASE. * AGGREGATE PRINCIPAL AMOUNT OF 4% SENIOR UNSECURED NOTES Source text: Further company coverage:
Egypt is finalising plans for its first yen-denominated bond sale in three years, foreign minister Badr Abdelatty told Reuters on a trip to Japan on Thursday. The African Development Bank said in December it would partially guarantee Cairo's planned $500 million-equivalent Samurai bonds on the Japanese markets this year.
Japan's government expects the Bank of Japan to conduct appropriate monetary policy toward a sustainable 2% inflation target that is driven by wage growth in close coordination with the government, Chief Cabinet Secretary Minoru Kihara said on Thursday.
Celcuity Inc. (CELC), a clinical-stage biotechnology company focused on the development of targeted therapies for the treatment of multiple solid tumor indications, today announced the pricing of its upsized underwritten public offering of $500,000,000 aggregate principal amount of its 0.250% convertible senior notes due 2032.
Japanese government bond yields were varied on Thursday, with the benchmark edging higher while short-end yields extended gains as investors weighed firmer Bank of Japan rate-hike expectations and global inflation concerns.
B&G Foods, Inc. (BGS) announced today the pricing of an offering of $475.0 million aggregate principal amount of 11.00% senior notes due 2031 in a transaction exempt from registration under the Securities Act of 1933, as amended. B&G Foods (BGS) estimates that the net proceeds from the offering will be approximately $456.3 million after deducting discounts, fees and expenses related to the offering.
* Fed's Beige Book highlights inflationary pressures, modest growth. * Outlook for economic growth uncertain, with signs of weak consumer spending. * Warsh convenes his first policy meeting as Fed chief in two weeks. * Fed's Logan says she is concerned a rate hike may be needed. By Ann Saphir and Howard Schneider.
Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a Fed survey showed on Wednesday, setting up a fight over an interest rate hike when he runs his first policy meeting in two weeks.
CES Energy Solutions Corp (CESDF): * CES Energy Solutions Corp (CESDF). ANNOUNCES REFINANCING OF ITS 6.875% SENIOR UNSECURED NOTES WITH 5.625% SENIOR UNSECURED NOTES. * CES ENERGY SOLUTIONS (CESDF) - ANNOUNCES $300 MILLION PRIVATE PLACEMENT OF 5.63% NOTES DUE JUNE 15, 2033.
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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