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 11:27
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 10:58
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 10:50
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 10:46
AMD Gains After Chipmaker Tops Estimates, Makes AI Inroads
Advanced Micro Devices Inc. gained in late trading after the chipmaker topped second-quarter estimates and touted inroads in
2023-08-02 08:17
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 07:51
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 07:45
Trump Indicted on Federal Charges in 2020 Election Probe
Donald Trump has been indicted in Washington on federal charges over his efforts to overturn the 2020 presidential
2023-08-02 06:45
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 06:21
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 04:24
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 02:59
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 00:55