Summers, El-Erian Pile Criticism on Fitch US-Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:16
Treasuries Edge Up as Haven as Fitch Downgrade Spurs Volatility
US Treasuries drifted higher after Fitch Ratings stripped the US of its top-tier sovereign rating, spurring modest demand
2023-08-02 10:58
China Moves to Roll Out Pro-Growth Policies as Economy Struggles
China is turning its focus to rolling out various policy promises to help spur the economy’s recovery as
2023-08-02 10:48
Analysts Say US Dollar’s Drop on Fitch Downgrade Unlikely to Persist
Investors will continue to scoop up Treasuries despite Fitch Ratings’ move to cut the US’ credit rating although
2023-08-02 10:46
New Zealand Jobless Rate Rises, Wages Slow After Rate Hikes
New Zealand unemployment rose in the second quarter and wage inflation showed signs of slowing, indicating the labor
2023-08-02 07:58
US Credit Downgrade by Fitch Attacked as Baseless by Biden Officials
Biden administration officials objected strenuously to a decision by Fitch Ratings to strip the US of its top-tier
2023-08-02 07:54
US Credit Rating Downgraded From AAA by Fitch
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 07:48
Korean Inflation Eases, Boosting Case to Keep Rates on Hold
South Korea’s pace of inflation eased in July to the slowest in more than two years, offering more
2023-08-02 07:20
Treasury Futures Up, Dollar Slips on Fitch Fallout: Markets Wrap
Treasury futures rose while contracts for the S&P 500 stocks benchmark declined after Fitch Ratings downgraded the US
2023-08-02 06:17
NYC’s Migrant Crisis Reaches Breaking Point in Midtown Manhattan
The migrant crisis is spilling out onto the streets of New York, with hundreds of people sleeping and
2023-08-02 02:49
Apollo Leads Deal to Provide Trucking Firm Yellow With Bankruptcy Loan
Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash
2023-08-02 00:52
Ratings Firms Struggle With Climate Risk in $133 Trillion Market
With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a
2023-08-01 22:57