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Lates News

date
17/05/2025
Moody's: We believe that the fiscal proposals currently being considered will not lead to significant multi-year reductions in mandatory spending and deficits.
Latest
3 m ago
Nissan Motor Co. (NSANY.US) plans to close factories in Japan and Mexico.
4 m ago
Moody's has downgraded the United States' sovereign credit rating from "Aaa" to "Aa1", becoming the last of the three major credit rating agencies to remove the top AAA rating for the US. Moody's stated, "Successive US governments and congresses have failed to agree on measures to reverse the annual large fiscal deficits and the growing trend in interest costs." Stephen Moore, former senior economic adviser to Trump and economist at the Heritage Foundation, called this move "absurd", saying, "If US-backed government bonds are not AAA-rated assets, then what is?" The White House communications director criticized Moody's economist Zandi for his anti-Trump political stance, saying no one takes his 'analysis' seriously and that he has been wrong multiple times. Senate Minority Leader Schumer issued a statement saying, "Moody's downgrade of the US credit rating should serve as a warning to Trump and congressional Republicans to stop recklessly pursuing deficit-increasing tax cut policies." Spencer Hakimian, CEO of hedge fund Tolou Capital Management, stated that if there is no economic news to increase demand for US debt as a safe haven, long-term US bond yields could rise due to this downgrade news.
9 m ago
Northern Nigeria was attacked by an extremist organization, with at least 23 people killed.
12 m ago
The US Department of justice dismissed the lawsuit against Southwest Airlines for long flight delays.
12 m ago
Market news: The U.S. Department of Justice has dropped its lawsuit against Southwest Airlines over frequent flight delays.
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