Please use symbol entry at top right of page to search

All News Results

  • Fed policymakers embrace more rate hikes, markets a little less

    • BY Reuters|
    • 10:20 AM ET 06/24/2022

    -A pair of U.S. central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome than initially feared.

  • US STOCKS-Wall St rallies as traders dial back rate-hike bets

    * U.S. stock indexes eye first weekly gain in four. * Bank stocks mixed after Fed's stress test results. * Indexes up: Dow 1.05%, S&P 1.35%, Nasdaq 1.85% By Sruthi Shankar and Anisha Sircar.

  • U.S. new home sales rebound in May; prices soar

    Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage approaches 6%, reducing affordability. New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month, the Commerce Department said on Friday.

  • CANADA STOCKS-Toronto index rebounds on tech, healthcare boost

    • BY Reuters|
    • 10:10 AM ET 06/24/2022

    Canada's main stock index rose on Friday, aided by gains in technology and healthcare shares, while cybersecurity company Blackberry rose on the back of upbeat corporate earnings. At 9:53 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 224.83 points, or 1.2%, at 18,941.95, a day after it slipped to its lowest level in 15 months.

  • U.S. new home sales unexpectedly rise in May

    Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely temporary as home prices remain elevated and mortgage rates approach 6%, reducing affordability. New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month, the Commerce Department said on Friday.

  • Tycoon appointed crisis-hit Sri Lanka's minister for investment promotion

    Sri Lanka's president on Friday appointed tycoon Dhammika Perera as minister for investment promotion, his office said in a statement, as the crisis-hit country struggles to find foreign exchange to import food, fuel and drugs.

  • Mexican president to pitch anti-inflation plan to Biden

    • BY Reuters|
    • 10:00 AM ET 06/24/2022

    Mexican President Andres Manuel Lopez Obrador said on Friday that during a planned visit to Washington next month he would propose to his U.S. counterpart Joe Biden that they craft a joint anti-inflationary plan to tackle surging prices.

  • CANADA STOCKS-TSX opens higher as energy shares gain on stronger crude

    • BY Reuters|
    • 09:35 AM ET 06/24/2022

    Canada's main stock index opened higher on Friday, as energy shares gained on the back of stronger crude prices, but the index was set for its third straight week of decline on concerns over rising risks of a global economic downturn. At 9:32 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 118.75 points, or 0.63%, at 18,835.87.

  • US STOCKS SNAPSHOT-Wall St opens higher with broad-based gains

    • BY Reuters|
    • 09:35 AM ET 06/24/2022

    Wall Street's main indexes opened higher on Friday as signs of slowing economic growth and falling commodity prices eased expectations over how high the Federal Reserve will raise interest rates to rein in inflation.

  • Mexico president urges central banks to think differently after rate hike

    • BY Reuters|
    • 09:15 AM ET 06/24/2022

    Central banks should think differently about how to tackle inflation, Mexican President Andres Manuel Lopez Obrador said on Friday, a day after the Bank of Mexico raised its benchmark interest rate by a record 75 basis points. Lopez Obrador also reiterated that he respects the autonomy of the Mexican central bank.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.