What does Moody's downgrade mean for markets?
Moody's on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions.
2023-08-09 19:49
Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:24
Aussie banks margins seen falling; outlook key in high-rate environment
By Upasana Singh and Rishav Chatterjee Australia's biggest banks are likely to report narrower profit margins in the
2023-08-08 08:16
Not everyone is convinced the US will avoid a recession
The case for no US recession is building, but some on Wall Street are cautioning against getting overconfident.
2023-08-07 19:23
SoftBank seen returning to profit as tech stocks gain
By Anton Bridge TOKYO Japan's SoftBank Group is likely to report a return to profit when it announces
2023-08-07 08:17
Oil prices are up 20% and energy stocks are rebounding
Energy stocks are making a comeback after being left for dead earlier this year.
2023-08-04 19:57
What to expect from the July jobs report: Steady, but cooler growth
Despite Tuesday's credit rating downgrade amid concerns about the challenges facing the United States, markets and economists are expecting another solid jobs report on Friday.
2023-08-03 19:46
America's credit rating got downgraded again. Here's what happened the last time
Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing this spring's debt ceiling standoff as a major reason.
2023-08-02 19:48
Here's what's in DeSantis' economic plan
Florida Gov. Ron DeSantis is positioning himself as the economic defender of the American family, building on his claim that he is protecting them culturally. The 2024 Republican presidential candidate on Monday released a 10-point economic plan, which he describes as a "Declaration of Economic Independence."
2023-08-01 20:46
Stocks are having their best run since 2021. Can they beat the August doldrums?
US markets just wrapped up a winning July, with the S&P 500 and Nasdaq both notching their fifth positive month in a row.
2023-08-01 19:54
Middle-income Americans think prosperity is within reach
It's a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this year followed by the emergency merger of PacWest and Banc of California last week has created a shakeup in the industry that's been exacerbated by the Federal Reserve's continued efforts to raise interest rates.
2023-07-31 19:54
Why was Brynn Whitfield nearly evicted from her NYC apartment? 'RHONY' star owes $30K in state and IRS tax debts
Despite owing the IRS at least $30K Brynn Whitfield continues to flaunt her expensive designer wardrobe
2023-07-31 08:51