All News Results

  • Factbox-Ready to taper or waiting for more data? Recent Fed officials' comments

    - The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved "substantial further progress" in its recovery.

  • U.S. new home sales beat expectations; supply near 13-year high

    * New home sales increase 1.5% in August; July revised up. * Median sales price rises 20.1% from year ago. By Lucia Mutikani. Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.

  • GRAPHIC-How to tell if Evergrande crisis is spilling beyond China

    Worries surrounding debt-strapped property developer China Evergrande (EGRNF) have put investors on guard for evidence that the crisis may be spilling over into broader markets. Evergrande, once China's top-selling property developer, owes $305 billion, has run short of cash, and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world.

  • Two Fed policymakers say bar for taper met, nod to next debates

    -A pair of Federal Reserve policymakers on Friday said they felt the U.S. economy is already in good enough shape for the central bank to begin to withdraw support for the economy, setting up for the next big Fed debates: when to raise interest rates and what to do with the Fed's massive balance sheet.

  • Two Fed policymakers say bar for taper met, nod to next debates

    A pair of Federal Reserve policymakers on Friday said they felt the U.S. economy is already in good enough shape for the central bank to begin to withdraw support for the economy, setting up for the next big Fed debates: when to raise interest rates and what to do with the Fed's massive balance sheet.

  • US STOCKS-Tech stocks, Nike drag Wall Street lower after two-day sharp rally

    * Nike (NKE) slips after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes down: Dow 0.08%, S&P 0.06%, Nasdaq 0.40% By Devik Jain. Sept 24 - U.S. stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike (NKE) further dampened sentiment.

  • BRIEF-Rafael Holdings Inc Says Menachem Ash Voluntarily Resigned As President

    Rafael Holdings Inc (RFL): * Rafael Holdings Inc (RFL) - ON SEPTEMBER 20, MENACHEM ASH VOLUNTARILY RESIGNED AS PRESIDENT OF CO Source text for Eikon: [https://bit.ly/3kAB7eW] Further company coverage:

  • Fed officials, readying for taper, hear from small businesses and community groups

    Days after reaching broad consensus that labor markets have healed enough for the Federal Reserve to soon begin withdrawing support, Fed Chair Jerome Powell on Friday heard from a broad range of economic players about the challenges holding them back during the recovery.

  • PRECIOUS-Gold climbs on weaker dollar, lingering Evergrande risks

    * Bullion slid to one-month low on Thursday. * Gold seen weakening again after Friday's gain. * Analyst says some Evergrande fears easing. * Platinum heads for weekly gain. By Arundhati Sarkar. Gold prices rose on Friday due to a subdued dollar and as investors avoided riskier assets because of China's Evergrande saga, but looming interest rate hikes slowed bullion's advance.

  • China Evergrande stares into the void as interest deadline passes

    A deadline passed on Thursday for China Evergrande (EGRNF), the world's most indebted property company, to pay $83.5 million in interest on a dollar bond. Here is a timeline of this week's developments. MONDAY, SEPT. 20: Evergrande shares in Hong Kong hit lowest level since 2010. S&P Global Ratings says it does not expect Beijing to provide any direct support to the company.

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