Still, it is “ridiculous” that other countries are rated higher than the U.S. when they depend on the stability created by the U.S., Dimon added.

Schmid, with more than 40 years of experience as a regulator and banker, will take over Aug. 21 for Esther George, who retired earlier this year.

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.

These are the stocks posting the largest moves midday.

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.

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.

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

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

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.

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