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Financial News Around the World

The Fitch analyst behind the U.S. downgrade breaks down the decision—and how the country can regain the top rating

Fitch Ratings’ Richard Francis told CNBC that the rating agency would need to see a long-term fiscal solution and a reduction of its debt.

Published 2 August 2023
Categorised as Finance News

Stocks making the biggest moves midday: SolarEdge Technologies, Humana, Starbucks, Robinhood and more

These are the stocks posting the largest moves midday.

Published 2 August 2023
Categorised as Finance News

Terry Crews: ‘I would have made more money at McDonald’s’ than I did in the NFL

Terry Crews says he only made $150 per week during a six-month stint of his professional football career. Here’s how he survived before his big acting break.

Published 2 August 2023
Categorised as Finance News

Private sector added 324,000 jobs in July, well above expectations, ADP says

That total was well above the Dow Jones consensus estimate for 175,000, though it marked a decrease from the downwardly revised 455,000 in June.

Published 2 August 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Match Group, CVS, SolarEdge and more

Paycom’s shares sank 8.6% in premarket trading after the company forecasted third-quarter revenue guidance that fell short of analysts’ expectations.

Published 2 August 2023
Categorised as Finance News

Ferrari raises guidance after profit jumps as more customers personalize their sports cars

Ferrari has greatly extended its options lists, offering its customers a huge range of choices in paint finishes, interior materials and other details.

Published 2 August 2023
Categorised as Finance News

U.S. debt downgrade sinks global markets — but economists are not concerned

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating, but top economists say there is nothing to worry about.

Published 2 August 2023
Categorised as Finance News

HSBC CEO on Farage-Coutts spat: ‘We do not exit clients based on their lawful personal views’

HSBC CEO Noel Quinn said Tuesday that the lender would not “exit a client based on their lawful personal views.”

Published 2 August 2023
Categorised as Finance News

U.S. House committee flags MSCI, BlackRock for China investments

U.S. investments in about 50 blacklisted Chinese companies is under scrutiny from the House of Representatives Select Committee on the Chinese Communist Party.

Published 2 August 2023
Categorised as Finance News

Bank of England’s next move divides economists as data paints a mixed picture

Market expectations are split over the Bank of England’s next monetary policy move on Wednesday, as policymakers near a tipping point in their fight against inflation.

Published 2 August 2023
Categorised as Finance News

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