US Bank Shares Drop After Moody’s Cuts Ratings, Warns on Risks
US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders. It may downgrade major firms.
US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders. It may downgrade major firms.
Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable.
Market rallied as we were reminded not to underestimate U.S. consumer. BEA reported personal consumption expenditures growth accelerated in June.
Doomsayers have been predicting a recession for more than a year. They get wronger by the day.
Wall Street’s biggest bull says his inflation call was main reason he’s been proven right this year—but there’s also his faith in corporate America.
Listen to Wall Street’s top economists and you’ll hear the same message again and again: The risk of a recession is fading fast.
Many economists and market participants originally predicted a recession would have arrived by now.