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The Latest Breaking News from Fitch

What is the US credit rating, and what does its downgrade mean?

Fitch Ratings lowered the United States' credit rating to AA+ on August 1st, citing worries about the country's handling of its increasing debt.

USAFacts

Fears for viability of farm businesses after Fonterra's $5b blow to economy

Farmers are expected to defer debt repayments, cut back on operating expenses such as fertiliser, and curtail plans for capital expenditure – impacting on the wider rural sector. Andrew Patterson reports.

Newsroom.co.nz

Billionaire Ray Dalio says the $73 trillion great wealth transfer isn’t just from boomers to millennials—it’s from the government to you and me

“The household sector’s balance sheets and income statements are in good shape, while the government’s are in bad shape,” Dalio wrote on LinkedIn.

Fortune

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US Markets Close Lower As Fitch Downgrades Credit Rating; Asian Stocks Fall Amid Uncertainty

Traders react to downgrade of US debt and rising Treasury yields; Bank of Japan's stance and trade surplus add to volatility.

Zenger

Stock Market Gets “Fitch Slapped”

The S&P 500 (SPY) seems to have hit a wall at 4,600 thanks in part to the surprising downgrade of US debt by the Fitch ratings service. Not only is that taking place, but investors also go served up the 3 key monthly economic reports that have market moving impact.…

StockNews.com

Under fire, Fitch defends U.S. credit rating downgrade

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.

Fortune

Stocks Weighed Down by Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.11%. Stocks on Thursday posted mild losses, with the S&P...

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Will Corn, Wheat, and Soybean Prices Continue to Drop?

This morning I joined Michelle Rook on AgWeb's Markets Now to discuss the recent price action in the corn, soybean, and wheat markets.

Barchart

Buffett Unfazed By U.S. Rating Downgrade, Continues $10 Billion Treasury Buying Spree

Berkshire Hathaway CEO remains confident in Treasuries as equities plunge and bond yields spike

Zenger

Jim Cramer Advises Selling Plug Power, Recommends Holding Live Nation

Cramer expresses disappointment in Plug Power, highlights opportunities in Live Nation.

Zenger

Did Fitch ditch its credibility by playing politics? Here’s why ratings agencies have a knack for getting it wrong

A review of the ratings agencies’ track record suggests that they are not very good at their raison d’être: giving ratings.

Fortune

Fitch Ratings Downgrades US Credit Rating Amid Governance Concerns

Deterioration in governance and political polarization cited as factors in the unexpected move.

Zenger

Stock Futures Retreat As Tech Earnings Loom Amid Ratings Downgrade And Yield Spike

Caution prevails as Fitch's U.S. ratings downgrade and rising Treasury yields impact market sentiment.

Zenger

JPMorgan CEO Jamie Dimon complains that downgrading U.S. credit rating doesn’t make sense when so many countries rely on Washington for security

America recently lost its triple-A credit score with Fitch Ratings for the second time in the nation’s history.

Fortune

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The Independent UK

Stock market today: Asia mixed after the US government's credit rating was cut

Asian stock markets are mixed after Fitch Ratings cut the U.S. government’s credit rating

Zenger

Yellen Criticizes Fitch’s Credit Downgrade, Defends Strong US Economy

Treasury Secretary questions Fitch's assessment, highlights robust economic recovery

Zenger

Cryptocurrency Market Plunges As Investors Shrug Off Macro Events

Current market trend may change if the SEC approves any of the spot Bitcoin ETF applications submitted in mid-June.‌

Fortune

Here's why top economists are calling Fitch's decision to downgrade America's credit rating 'bizarre and inept'

“The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance," Fitch Ratings said.

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WEKU

Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

The Independent UK

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading

Kiplinger

Why Investors Needn't Worry About U.S. Credit Downgrade

The United States saw its credit rating downgraded for just the second time in history, but experts aren't worried about the long-term damage to stocks.

The Guardian - US

‘Erosion of governance’ led Fitch to downgrade US credit rating

Trump’s efforts to overturn election and political polarization led agency to decision, says senior director

Evening Standard

Times are tough, but the doomsters’ predictions have been wrong so far

City Comment: If you had believed the mainstream forecasters, we would already be in recession

WEKU

Up First briefing: Trump's 3rd indictment; U.S. loses AAA rating; heat and the brain

Donald Trump is indicted on felony charges related to efforts to overturn the 2020 election. Fitch Ratings downgrades the U.S. credit rating. This is your brain on heat.

The Guardian - UK

First Thing: Donald Trump faces four charges over efforts to overturn 2020 election

Latest criminal case before ex-president has come weeks after he was charged with retaining national defense information. Plus, experts warn of record US deaths from extreme heat

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