Fitch downgrades US debt on debt ceiling drama and governance worries
By Elisabeth Buchwald, CNN
Source: wicz.com
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US investors are searching overseas for opportunities
Despite the gains in US stocks this year, some investors are looking for opportunities elsewhere.
Source: cnn.com
Fitch downgrades US long-term credit rating to AA+ from AAA
Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.”
Source: cnn.com
Why downgrade US credit rating? 'Numbers speak for themselves,' says analyst
“The numbers speak for themselves,” Richard Francis, the lead analyst on US sovereign ratings at Fitch, told CNN in an interview on Wednesday. America’s debt makes up 113% (and growing) of its economic output, which Francis called “clearly pretty alarming.”
Source: wraltechwire.com
Mortgage rates rise on debt downgrade
Mortgage rates rose Wednesday, following Fitch's downgrade of US debt.
Source: cnn.com
CNN: Gas Price Spike Due to Climate Change, Shows Need to Act on Climate
On Thursday, CNN hosts Poppy Harlow and Boris Sanchez blamed climate change for the recent surge in gas prices with the former saying that the surge in | Clips
Boris Sanchez Matt Egan Christine Romans Poppy Harlow Business Correspondent Christine Romans Reporter Matt Egan
Source: breitbart.com
Wall Street suddenly appears confident America will avoid a recession
Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors are becoming more optimistic about the possibility of a “soft landing,” i.e. no recession.
Source: cnn.com