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
Starbucks Revenue Misses Estimates as Its US Growth Slips
Starbucks Corp.’s quarterly sales fell short of analysts’ estimates as traffic growth slowed in the US. Higher prices
2023-08-02 06:58
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
Milk Powder Price Sinks to Three-Year Low as Dairy Demand Wanes
Whole milk powder auction prices have slumped to a three-year low amid signs that demand for dairy products
2023-08-02 05:54
MicroStrategy Returns to Profitability With Bitcoin Rebound
MicroStrategy Inc., the enterprise-software maker that is the largest publicly-traded holder of Bitcoin, returned to profitability in the
2023-08-02 05:51
Mexico’s Top Oil-Export Terminal Shut as Summer Demand Jumps
Petroleos Mexicanos shut down the country’s largest oil-exporting terminal because of a leak, adding to a string of
2023-08-02 04:56
Glen Point’s Phillips Says US Trying to Criminalize FX Trading
Glen Point Capital co-founder Neil Phillips urged a federal judge to throw out charges that he tried to
2023-08-02 04:27
Crypto Market Unnerved by DeFi Exchange Curve’s Sinking CRV Token
A tumble in the native token of key decentralized cryptocurrency exchange Curve Finance sapped sentiment toward digital assets
2023-08-02 03:28
US Banking Crisis Could Play Out for Two More Years, Ares CEO Says
Ares Management Corp.’s chief executive officer said the banking crisis could play out for two more years, and
2023-08-02 02:56
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
Dan Loeb’s Third Point Laments Missing ‘Obvious’ Tech Rally, Pivots to AI
Third Point LLC’s flagship fund underperformed the broader US market in the second quarter, gaining just 1.1% after
2023-08-02 02:46