Fitch Downgrades Fannie Mae and Freddie Mac One Notch to AA+
Fitch Ratings downgraded the credit scores of Fannie Mae and Freddie Mac to AA+ from AAA, a day
2023-08-03 07:25
EVgo Taps Board Member Badar Khan to Succeed Cathy Zoi as CEO
Electric-car charging company EVgo Inc. said Chief Executive Officer Cathy Zoi will retire in November and be succeeded
2023-08-03 06:17
Brazil Kicks Off Easing Cycle With Surprise Half-Point Interest Rate Cut
Brazil’s central bank lowered its benchmark interest rate by a larger-than-expected 50 basis points and said future cuts
2023-08-03 06:16
Trading Platform for College Students Sued by SEC Over Capital Rules
A former London Stock Exchange executive settled a Securities and Exchange Commission lawsuit over claims that he ran
2023-08-03 05:59
Foxconn’s Gou Says US Stocks Would Crash in Case of a Taiwan War
The founder of Apple Inc.’s key Taiwan-based supplier Foxconn Technology Group said US equities would tumble in the
2023-08-03 05:49
Home-Power Suppliers Face Slump Despite Grid Outages
Home solar and backup-power companies are facing a slump in US demand despite increased concerns about the reliability
2023-08-03 04:54
Shopify Second Quarter Sales, Profit Beat Analyst Estimates
Shopify Inc. reported sales and profit for the second quarter that beat analyst expectations as the Canadian e-commerce
2023-08-03 04:52
Zillow Defies Sluggish US Housing Market to Beat Earnings Expectations
Zillow Group Inc. reported second-quarter earnings that beat analysts’ estimates, as the company’s core marketing business outperformed an
2023-08-03 04:24
Fitch’s US Downgrade Is Stoking the Very Fight It Warned Against
Washington’s hostile political factions quickly took up Fitch Ratings’ downgrade of US government debt as a new weapon
2023-08-03 03:59
Litecoin’s Halvening Price Drop Is No Proxy for Bitcoin Next Year
Litecoin, the world’s 11th-biggest cryptocurrency, saw its price slide on Wednesday after it went through a so-called halvening,
2023-08-03 03:56
Wells Fargo to Tap Corporate Bond Market Despite US Credit Downgrade
A handful of borrowers, including Wells Fargo & Co., are selling fresh debt in the US investment-grade bond
2023-08-03 03:26
Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns
A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether
2023-08-03 03:16