News Results

  1. Russian oil and gas output to decline this year - energy minister
    Reuters | 03:51 AM EDT

    Russia's energy minister said on Tuesday that the country had managed to successfully re-direct its oil exports to new markets, but that oil and gas production was expected to decline in 2023.

  2. Kuroda says BOJ needs to be ready to issue digital yen
    Reuters | 01:16 AM EDT

    The Bank of Japan must be ready to issue central bank digital currencies that coexist with various other forms of money to offer the public a safe digital payment system, its governor Haruhiko Kuroda said on Tuesday.

  3. ChatGPT-Like AI To Affect 300M Jobs Across Major Economies, Boost GDP 7%, Says Goldman Sachs
    | 03/27/23 11:59 PM EDT

    A quarter of work in major economies could be automated thanks to breakthroughs in ChatGPT-like artificial intelligence technologies, according to Goldman Sachs.

  4. PRECIOUS-Gold firms as softer dollar counters banking reprieve
    Reuters | 03/27/23 11:31 PM EDT

    * Gold might break resistance at $2,070 in H2 - technicals. * U.S. dollar down 0.2% * Global stocks rise on Tuesday. By Kavya Guduru. Gold edged up on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system slowed safe haven inflows into bullion. Spot gold was up 0.2% at $1,959.63 per ounce, as of 0557 GMT.

  5. GLOBAL MARKETS-Stocks gain, US treasury yields rise as banking fear eases
    Reuters | 03/27/23 10:29 PM EDT

    Global stocks and U.S. bond yields rose on Tuesday, as a U.S. regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning Hong Kong time.

  6. Asia growth rate estimated at 4.5% in 2023 - Boao Forum annual report
    Reuters | 03/27/23 10:00 PM EDT

    Asia is expected to record weighted real GDP growth of 4.5% this year, up from the 4.2% last year, the Boao Forum for Asia said in its annual report summary on Tuesday. The report also said Asian growth is likely to be a standout in 2023 in light of the global economic slowdown.

  7. PRECIOUS-Gold edges higher on softer dollar; banking optimism limits appeal
    Reuters | 03/27/23 09:07 PM EDT

    Gold prices edged up on Tuesday as the U.S. dollar eased, although an improvement in risk appetite after efforts by regulators to contain worries over the global banking system limited the safe-haven metal's appeal . FUNDAMENTALS. * Spot gold was up 0.1% at $1,958.85 per ounce, as of 0048 GMT. * The dollar index eased 0.1%, making bullion more affordable for buyers holding other currencies.

  8. BRIEF-Brookfield Renewable To Issue C$400 Million Of Green Bonds
    Reuters | 03/27/23 06:59 PM EDT

    Brookfield Renewable Partners LP (BEP) : * BROOKFIELD RENEWABLE TO ISSUE C$400 MILLION OF GREEN BONDS Source text for Eikon: Further company coverage:

  9. Fed's Jefferson: Stress among small, regional banks, could hit small businesses hardest
    Reuters | 03/27/23 06:55 PM EDT

    The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses that depend heavily on community and regional financial institutions for credit, Federal Reserve Governor Philip Jefferson said on Monday.

  10. Bed Bath & Beyond cuts 1,300 jobs in New Jersey (March 24)
    Reuters | 03/27/23 06:50 PM EDT

    Bed Bath & Beyond Inc (BBBY) is laying off about 1,300 employees at four locations in New Jersey, including at discount health and beauty chain Harmon, a Worker Adjustment and Retraining Notification notice showed on Friday.

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.