U.S. loses its last perfect credit rating
Digest more
US credit downgrade by Moodys has Wall Street on edge
Digest more
1hon MSN
After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt.
US stocks took a hit on Monday while Treasury yields rose as Wall Street processed Moody's downgrade of the US credit rating alongside developments in President Trump's tariff salvos. Moody’s cut the US government’s long-term credit rating from AAA to AA1 late Friday,
NBC News Senior Business Correspondent Christine Romans discusses Moody's decision to downgrade the U.S. credit rating and the Trump administration's posture on tariffs.
U.S. stocks open lower after Moody's stripped the U.S. of its top credit rating. Treasury yields jump as investors demand more payout to hold US debt.
Explore more
"Crypto is loving the Moody’s downgrade: Bitcoin is now 4% away from a new all time high and up over +40% since its April low. As the US Dollar weakens and uncertainty rises, Bitcoin and Gold are thriving. Instability is Bitcoin’s best friend," wrote the analysts at Kobeissi Letter.
Despite Friday's U.S. credit-rating downgrade, fiscal concerns are unlikely to drive markets for very long. Yes, investors are more worried about the federal government’s borrowing than usual. The tra
Moody's on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase , Bank of America and Wells Fargo , after pushing the U.S. out of top triple-A rating club over its burgeoning $36 trillion debt.
3hon MSN
HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.
Home Depot earnings are expected to show that consumers likely pushed off home renovation projects yet again this quarter.
In a separate interview on Fox Business Network’s “Mornings with Maria” on Monday, Hassett called U.S. debt “the safest bet on Earth,” but similarly said that the new rating is “backward looking” and is “penalizing us for all the reckless spending of the Biden administration” — all while predicting an economic “liftoff.”