News Results

  1. Federal Reserve To Implement Six Rate Cuts In 2024 Amid Economic Slowdown, Says ING
    Benzinga | 12/02/23 02:28 PM EST

    In light of a decelerating economy, ING Economics?is forecasting?a series of interest-rate reductions by the Federal Reserve in 2024. What Happened: This strategic move, involving six rate cuts, is a response to the current economic slowdown, with the first cut expected in the second quarter of 2024 and continuing into 2025.

  2. US Manufacturing Suffers 13-Month Contraction Streak In November, Falling Short of Forecasts
    Benzinga | 12/01/23 11:16 AM EST

    The U.S. manufacturing sector?s struggle persisted through November, with the Institute for Supply Management Manufacturing Purchasing Managers? Index remaining in contractionary territory at 46.7. This figure, unchanged from October, missed market forecasts of 47.6, marking the thirteenth month of consecutive contraction for the U.S. manufacturing sector.

  3. Dollar Dumps In November As Fed Rate Cut Optimism Increases
    Benzinga | 12/01/23 10:27 AM EST

    The U.S. dollar made something of a comeback in the last two days of November, following a month of losses as markets leveraged rising expectations the Federal Reserve will start cutting rates in the first quarter of 2024.

  4. National Bank of Canada: Q4 Earnings Insights
    Benzinga | 12/01/23 06:40 AM EST

    National Bank of Canada (NTIOF) reported its Q4 earnings results on Friday, December 1, 2023 at 06:30 AM. Here's what investors need to know about the announcement. National Bank of Canada (NTIOF) beat estimated earnings by 1.81%, reporting an EPS of $1.69 versus an estimate of $1.66. Revenue was up $179.00 million from the same period last year.

  5. North Face Brand Owner VF To Slash 500 Jobs: Report
    Benzinga | 12/01/23 06:32 AM EST

    VF Corp?, the parent company of popular brands such as North Face, has reportedly terminated approximately 500 of its salaried staff. This move comes as part of the company's new strategy focused on cost reduction and debt management in the face of declining sales in North America,?reported Bloomberg.

  6. Fear & Greed Index Remains In 'Greed' Zone Following PCE Data; Dow Surges Over 500 Points
    Benzinga | 12/01/23 03:05 AM EST

    On Thursday, the CNN Money Fear and Greed index remained in the "Greed" zone. The Dow Jones gained over 500 points to a new high for the year as investors assessed the recent PCE data. U.S. initial jobless claims, meanwhile, increased by 7,000 to 218,000 in the week ending Nov. 25, versus the revised reading of 211,000 in the prior week and compared to market estimates of 220,000.

  7. Mortgage Rates Decline For Fifth Week In A Row: 'Encouraging Development For Potential Homebuyers'
    Benzinga | 11/30/23 03:15 PM EST

    Potential homebuyers found further relief on Thursday after mortgage rates fell in the U.S. for the fifth consecutive week. The average rate for a 30-year loan fell to 7.22%, down from 7.29% last week, said Freddie Mac, the mortgage-backed securities broker. Although conditions for buyers appear to be easing, 30-year mortgage rates remain close to their peaks.

  8. Royal Bank of Canada: Q4 Earnings Insights
    Benzinga | 11/30/23 06:05 AM EST

    Royal Bank of Canada (RY) reported its Q4 earnings results on Thursday, November 30, 2023 at 06:00 AM. Here's what investors need to know about the announcement. Royal Bank of Canada (RY) beat estimated earnings by 7.25%, reporting an EPS of $2.07 versus an estimate of $1.93. Revenue was up $261.00 million from the same period last year.

  9. Recap: Royal Bank of Canada Q4 Earnings
    Benzinga | 11/30/23 06:05 AM EST

    Royal Bank of Canada (RY) reported its Q4 earnings results on Thursday, November 30, 2023 at 06:00 AM. Here's what investors need to know about the announcement. Royal Bank of Canada (RY) beat estimated earnings by 7.25%, reporting an EPS of $2.07 versus an estimate of $1.93. Revenue was up $261.00 million from the same period last year.

  10. Investor Optimism Edges Lower Following GDP Data
    Benzinga | 11/30/23 02:31 AM EST

    The CNN Money Fear and Greed index showed some decline in overall market sentiment, but the index remained in the "Greed" zone on Wednesday. U.S. stocks closed mixed on Wednesday following GDP data, but the major indices remain on course to record their biggest monthly gains in 2023.

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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