Reported 8 days ago
Moody's Ratings has downgraded the United States' debt, stripping it of its last AAA credit rating, which it held since 1917. This downgrade, influenced by rising government debt and interest payments, could lead to increased borrowing costs for Americans already facing economic challenges. While the outlook remains stable, concerns loom over the nation's increasing deficit and political instability, which have contributed to past downgrades by other agencies.
Source: YAHOO
Reported 8 days ago
Moody's has downgraded the U.S. credit rating from AAA to Aa1, meaning federal debt no longer holds a top grade at any major credit agency. The downgrade reflects rising government debt levels and increasing interest payments compared to similarly rated countries. This situation comes amid ongoing fiscal challenges with proposals that may add to the deficit, and a growing concern over the U.S. fiscal performance relative to its history and other nations.
Source: YAHOO
Reported 8 days ago
U.S. stocks experienced gains on Friday, with the S&P 500 reaching a five-day winning streak and the Nasdaq rising over 7% for the week, driven by easing trade tensions between the U.S. and China. Despite a decline in consumer confidence, optimism surrounding trade deals and a potential tax bill from President Trump contributed to the positive market sentiment. However, worries about inflation and tariff impacts remain prevalent.
Source: YAHOO
Reported 8 days ago
Klaus-Michael Kuehne, a major investor in Lufthansa, has urged the airline's management to take a firmer approach in dealing with labor unions amid ongoing wage negotiations and operational challenges. He emphasized the need for the company to enhance its performance, especially as it competes in the lucrative transatlantic market. Despite a modest rise in share prices, Kuehne pointed out structural issues and the impact of union resistance on management effectiveness.
Source: YAHOO
Reported 8 days ago
US stocks fell and Treasury yields rose following Moody's downgrade of the US credit rating from Aaa to Aa1, driven by increasing government debt and interest burdens. Wall Street analysts expressed concern over potential market impacts, with many perceiving this as a signal for caution amidst ongoing fiscal uncertainties and trade tensions.
Source: YAHOO
Reported 8 days ago
The White House criticized Moody's Ratings for downgrading the US credit rating from Aaa to Aa1, deeming the decision politically motivated and influenced by economist Mark Zandi's criticisms of the Trump administration. Moody's cited rising federal debt and fiscal deficits as reasons for the downgrade, which casts doubt on the US's status as a top borrower. Former officials questioned the timing and assumptions behind Moody's decision as lawmakers push for a tax package that could further increase deficits.
Source: YAHOO
Reported 8 days ago
In a recent Fox News interview, U.S. President Donald Trump expressed his willingness to visit China to discuss foreign policy and economic relations with Chinese leader Xi Jinping, emphasizing the importance of U.S.-China relations. He indicated a desire to communicate after a temporary truce was negotiated in the ongoing trade war, where tariffs were reduced on both sides. Despite this openness to dialogue, Trump framed his recent trips to Middle Eastern countries as efforts to keep them from falling under China's influence.
Source: YAHOO
Reported 8 days ago
Next week, major retailers like Target, Lowe's, and Home Depot will report their earnings, while several Federal Reserve officials are set to provide insights on monetary policy amid ongoing tariff inflation concerns. Additionally, the housing market will see fresh sales data, with expectations for existing home sales to rise and new home sales to decline. Investors are keen to gauge the market reactions and implications of these updates.
Source: YAHOO
Reported 8 days ago
As U.S. companies hurry to stockpile key metals before upcoming tariffs, prices for copper, steel, and battery metals like lithium and cobalt have fluctuated significantly. Recent trading has shown copper prices dropping after an initial surge due to fears of import restrictions, while lithium faces downward pressure from oversupply. Tariffs proposed by the 2024 Trump campaign could further complicate metal markets, prompting concerns over short-term volatility in U.S. metal prices.
Source: YAHOO
Reported 8 days ago
An auto loan is a type of installment loan that allows you to borrow money to purchase a vehicle without paying cash upfront. You repay the loan in fixed monthly payments over a set term, including principal and interest. It's crucial to compare options from dealerships, banks, credit unions, and online lenders to secure favorable loan terms based on your credit score and financial situation to avoid high-interest rates. Understanding key components such as the interest rate, APR, down payment, and loan term can help you make an informed decision and potentially save you money.
Source: YAHOO
Reported 8 days ago
The S&P 500 rose for the fourth consecutive day, causing significant inflows into various ETFs, particularly the Vanguard Mid-Cap ETF, which attracted $1.2 billion, raising its assets to nearly $80.3 billion. Other Vanguard funds also saw substantial gains, while commodities ETFs faced outflows. Overall, the ETF market experienced a net inflow of $6.6 billion.
Source: YAHOO
Reported 8 days ago
Alphabet's shares climbed over 1% after CEO Sundar Pichai highlighted the company's focus on artificial intelligence during a podcast, stating that their AI platform, Gemini, is integrated into Google search. This news outperformed the S&P 500 index and reassured investors of Alphabet's competitiveness in the evolving AI landscape.
Source: YAHOO
Reported 8 days ago
The United States has lost its top credit rating for the first time, dropping to Aa1 from Aaa due to concerns over rising debt levels and the impact of President Trump's proposed tax cuts. Moody's cited the U.S. government's increasing debt and interest ratios as reasons for the downgrade, which adds pressure to the nation's fiscal stability. Additionally, Trump's tax proposals could worsen the budget deficit significantly over the next decade, leading to higher borrowing costs and risking further downgrades.
Source: YAHOO
Reported 8 days ago
Iovance Biotherapeutics experienced a nearly 6% drop in its stock value following an analyst downgrade from UBS's David Dai, who revised his recommendation from 'buy' to 'neutral' and lowered his price target from $17 to $2. The downgrade came after the company's recent quarterly earnings report, which revealed disappointing sales for its advanced melanoma drug, Amtagvi, and raised concerns over patient selection and commercialization pace.
Source: YAHOO
Reported 8 days ago
Moody's downgraded the United States' credit rating from Aaa to Aa1 due to escalating debt levels and higher interest costs compared to similar countries. This decision arrives amidst political gridlock in Congress over President Trump's proposed tax cuts, which could significantly increase the national debt. Financial experts warn this downgrade reflects a concerning outlook on U.S. fiscal policies and potential long-term consequences for borrowing costs.
Source: YAHOO
Reported 8 days ago
The U.S. Supreme Court has temporarily blocked President Trump's attempt to expedite the deportation of Venezuelan migrants under the Aliens Enemies Act. Bloomberg's Sara Forden discusses the implications of this ruling, which centers on due process, in her conversation with Kailey Leinz and Joe Mathieu on 'Balance of Power.'
Source: YAHOO
Reported 8 days ago
Pending charges on credit cards are pre-authorized transactions that have not yet been fully processed by the merchant, typically clearing within three days but sometimes taking longer. Various industries, such as hotels and car rentals, often impose temporary holds on cards for potential incidental expenses. If issues arise with a pending charge, they should be addressed directly with the merchant, as card issuers generally won't resolve disputes until the charge is finalized.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Rhino Resources和Halliburton在纳米比亚的石油勘探许可85下的2914区块成功完成了首两口勘探井，这是首次完全利用本国基础设施进行建设，标志着该地区能源开发的新里程碑。此次成功展示了纳米比亚海上盆地的吸引力，并有望支持国家未来作为非洲能源中心的发展。
Source: YAHOO
Reported 8 days ago
Rep. Raja Krishnamoorthi (D-IL) addresses Moody's downgrade of the U.S. credit rating from AAA to AA1, linking it to the proposed tax bill. He shares insights on potential bipartisan efforts to raise the debt ceiling, expectations for the Senate's handling of the tax bill, and comments on past agreements during President Trump's Middle East trip, during an interview on Bloomberg's 'Balance of Power.'
Source: YAHOO
Reported 8 days ago
Nordstrom Inc. shareholders have given their approval for the company's transition to private ownership, as announced in a recent SEC filing. This decision was anticipated and followed a virtual meeting of shareholders. The privatization deal, valued at approximately $6.25 billion, will give the Nordstrom family a controlling interest while allowing the company to operate with less pressure from public markets. As they aim to revamp their business strategies and enhance customer offerings, the Nordstrom brothers anticipate continued focus on growth and digital expansion in their store operations.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Federal appeals court judges in Washington are deliberating on the Trump administration's efforts to significantly downsizing the Consumer Financial Protection Bureau (CFPB) amid a legal battle initiated by a workers' union. The judges are evaluating the government's appeal against a lower court ruling that temporarily blocked the firing of most CFPB employees. Critics, including Democrats, have accused the administration of attempting to undermine the agency created to protect consumers from predatory lending, while the administration defends its actions as lawful policy changes.
Source: YAHOO