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US Credit Downgrade Sparks More of the Fighting It Warned About

The downgrade of the U.S. credit rating from AAA to AA+ by Fitch on Tuesday has produced a range of reactions from politicians, economists and Wall Street analysts. Here’s a roundup of key points. Political finger-pointing aplenty: Democrats and Republicans took turns blaming each other for the downgrade, with the former focusing on the recent showdown over raising the debt ceiling, in which Republicans refused to raise the debt limit unless Democrats agreed to spending cuts. “The ...
Rhode Island United States Sheldon Whitehouse Jason Smith Jamie Dimon Tracy Chen
Source: yahoo.com

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US Credit Rating Cut Triggers Surge In Treasury Yields: 7 ETFs Experience Wild Swings - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT), Invesco Solar ETF (ARCA:TAN), ProShares Trust Ultra VIX Short Term Futures ETF (BATS:UVXY), ProShares UltraPro QQQ (NASDAQ:TQQQ), Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), VanEck Semiconductor ETF (NASDAQ:SMH)

Proshares Ultrapro Tracy Chen Proshares Trust Ultra Vaneck Semiconductors Fitch Ratings Treasury Department

Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly

(Bloomberg) -- US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader V...
New York United States Nova Scotia Felice Maranz Scott Schulte Steve Kavulich
Source: yahoo.com

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