Fitch Ratings warned that U.S. banks have inched closer to sweeping rating downgrades on dozens of lenders, including JPMorgan Chase and Bank of America.
Category: Finance News
China reports big data miss in July, stops releasing youth unemployment numbers
The National Bureau of Statistics report did not include the unemployment figure for young people, which has soared to record highs in recent months.
Stocks making the biggest moves after hours: Discover Financial, Lennar, Getty Images and more
See which stocks are posting big moves after the bell.
Affluent consumers driving ‘goldilocks period’ spending, Current CEO Stuart Sopp finds
Stuart Sopp, Current CEO, joins ‘Fast Money’ to talk he state of the consumer, retail earnings ahead, the role of affluent customers and more.
Cleveland-Cliffs surges after a rejected buyout offer. Here’s how the pros are playing it
Pros on CNBC discussed Cleveland-Cliffs after U.S. Steel rejected its $7.3 billion buyout offer.
How to help the victims of the Maui wildfires
Thousands of Hawaii residents have been displaced by the worst U.S. wildfire in over 100 years. Here are some resources for those who want to help.
Lloyd Blankfein says he ‘can’t imagine’ returning to Goldman Sachs
Blankfein, a former CEO of Goldman Sachs, pushed back on a report saying he had offered to return to the firm to help current CEO David Solomon.
UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
The Swiss bank’s settlement is the final case prosecutors brought over misconduct that led up to the global financial crisis.
Don’t be ‘complacent’ about volatility, warns advisor, even if there’s a soft landing for the economy
Even if there’s a soft landing for the economy, investors should still prepare for more stock market volatility, one advisor says.
Stocks making the biggest moves midday: AMC, U.S. Steel, PayPal, Tesla and more
These are the stocks posting the largest moves in midday trading.