All News Results

  • Gold ticks higher, set to snap streak of weekly declines

    Bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of three straight weekly losses. Gold prices inched higher Friday but gains were capped by a rise in bonds yields and stocks. However, bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of three consecutive weekly losses.

  • The Unexpected Consequences of Being Too Optimistic About Growth

    And you had such potential! Forecasters talk about the economy the way frustrated parents might about an adult son living in the basement and working at a dead end job. Barring a wave of skilled immigration or technological breakthroughs, the economy's potential growth just isn't what it used to be.

  • Why Hong Kong's Currency Is Still Rock Solid

    When the future of Hong Kong was hanging in the balance during Sino-British handover talks, the city's currency lost around a third of its value against the dollar in just 12 months. The Hong Kong government then decided in 1983 to peg its currency to the dollar to restore confidence. The exchange-rate system put in place then should once again weather the turmoil the city is facing.

  • Treasury yields edge higher ahead of Fed officials' speeches

    The Fed lowered interest rates by a quarter point this week. Treasury yields edged higher on Friday ahead of speeches from members of the Federal Open Market Committee, the U.S. central bank's rate-setting body, after they voted to lower rates by a quarter point this week. The 10- year Treasury note yield was up 0.5 basis point to 1.778%, while the 2- year note rate rose 0.9 basis point to 1.749%.

  • Fed's Bullard: Dissent was due in part to worries about slowing economy

    Louis Fed president issues statement explaining why he wanted half-point cut. Louis Fed President James Bullard issued a statement Friday explaining his dissent at this week's Federal Open Market Committee meeting, saying he wanted a more aggressive half-point cut due to signs the economy is slowing down. At the end of its two-day meeting, the FOMC voted 7-3 to trim rates by a quarter percentage point to a range between 1.75% and 2%.

  • *Roku's stock falls 4.5% in premarket trading

    (END) Dow Jones Newswires 09-20-19 0741 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Dow and S&P 500 set to test record highs as Trump administration said to exempt China products from tariffs

    Quadruple witching day on Wall Street. U.S. stocks on Friday were on track to open near records as investors looked beyond a litany of central-bank decisions of the past week and focused on signs of improving China-U.S. trade developments. However, some investors expect some volatility in the market given it's quadruple witching day On Wall Street, the quarterly expiration of futures and options on indexes and stocks at the same time, sometimes spurring volatility and higher...

  • Rest Easy: The Fed Isn't Losing Control of Money Markets

    For lovers of the minutiae of monetary-policy plumbing, this week's snafu in the money market is fascinating. For everyone else, it probably doesn't matter. This week, the Federal Reserve was caught off guard by an unexpected spike in banks' short-term funding costs, and acted quickly.

  • British stocks climb cautiously on Brexit and trade war hopes, central bank easing

    British stocks climbed higher on Friday on hopes for a Brexit deal and after U.S.-China trade talks resumed but the FTSE 100 was held back by a stronger pound. The FTSE 100 climbed 0.1% but missed out on the higher gains experienced by other European indices after European Commission President Jean-Claude Juncker said a Brexit deal was possible, lifting the pound overnight. The more domestically-focused FTSE 250 climbed 0.4% as cautious optimism returned over the U.S.-China...

  • Fed rate cuts are a mistake, says Oaktree's billionaire co-chairman

    Critical information for the U.S. trading day. We're going to hear from a busy lineup of Federal Reserve officials on Friday, and they may shed more light on why the bank was so divided on this week's interest rate cut. Our call of the day, from Oaktree Capital's billionaire co-chairman Howard Marks, also weighs in on the Fed as he says the economy doesn't really need the rate cuts it's been doling out.

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