DIRS.INFO The most relevant business & tech news

☆ These 6 shocking twists show just how bad China's economy is right now, says Bank of America
▼ + stars: | 2023-08-19 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Growth is stagnating, stocks have plummeted, and youth unemployment has spiked. Six numbers sum up the economic carnage, according to Bank of America. Beijing has responded by cutting interest rates – and also stopped publishing unflattering youth unemployment figures in a desperate attempt to pretend everything's OK. The ongoing liquidity crises for real-estate behemoth Country Garden and shadow bank Zhongrong are one potential source of "event risk," he added. Here's six other data points Hartnett picked out that show just how badly the world's second-largest economy is doing right now:

Persons: China's, Michael Hartnett, Hartnett Organizations: Bank of America, Service Locations: Wall, Silicon, Beijing, China

It's just too early to tell," said George Glassman, president of Glassman Automotive Group, which sells five automotive brands outside Detroit. Since then, VinFast shares have retreated, and were down 17.2% at $24.92 at midday on Thursday. The new hybrid sales plan is just another challenge and the luxury carmaker is already talking to dealers. U.S. dealers said there are too many unanswered questions, including how VinFast will distribute parts needed to make repairs. Several dealers said VinFast may need to offer sweetened profit margins to dealers to account for the added risk.

Persons: It's, George Glassman, VinFast, Le, Thuy, Scott Fink, I'm, Tesla, Andrew DiFeo, Augustine, Warren Browne, Rhett Ricart, Dealers, it's, Ricart, Beau Boeckmann, Boeckmann, Ben Klayman, Phuong Nguyen, Matthew Lewis Organizations: Nasdaq, U.S, Reuters, Glassman Automotive, Ford, General Motors, U.S ., Fink Automotive Group, VW, Subaru, GM, Hyundai, Ricart Automotive, Toyota, Honda, Galpin Motors, Thomson Locations: U.S, North America, Detroit, VinFast, Tampa , Florida, St, Jacksonville , Florida, Columbus , Ohio, Los Angeles, VinFast's, Vietnam, Hanoi

☆ Load up on bonds for their juicy yields before the stock-market rally loses steam, says Morgan Stanley
▼ + stars: | 2023-08-17 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

It might be time to pile into US Treasurys, according to Morgan Stanley Wealth Management. Bond yields have jumped in recent weeks, while the equity-market rally may be losing steam. "Investors should consider hedges for their high-priced stocks," CIO Lisa Shalett said. Lisa Shalett said in a note to clients Monday that spiking yields had made bonds much more attractive in recent weeks, signaling that fixed-income assets could be a suitable hedge if this year's breathless stock-market rally starts to lose steam. When Treasury yields rise, they become more attractive to investors relative to stocks because they offer similar returns at a lower risk level.

Persons: Morgan, Lisa Shalett, Morgan Stanley, Shalett Organizations: Morgan Stanley Wealth Management, Service, Morgan Stanley Wealth Management's, Federal Reserve, Treasury Locations: Wall, Silicon

☆ Bud Light is winning over Americans again, 4 months after its collaboration with Dylan Mulvaney sparked a conservative boycott
▼ + stars: | 2023-08-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Bud Light is winning over Americans again. Conservatives turned on the brand after it started sponsoring the transgender TikTok personality Dylan Mulvaney. But a recent poll showed “substantive signs of progress” for the beer, according to Deutsche Bank. The German bank said Wednesday that the beer brand had shown "substantive signs of progress" in August as it tries to regain customers after its collaboration with Dylan Mulvaney sparked a conservative backlash. Back in April, transgender influencer Mulvaney posted a video promoting Bud Light as part of a partnership with the brand.

Persons: Bud Light, Dylan Mulvaney, influencer Mulvaney, Kid Rock, Ron DeSantis, Busch Organizations: Conservatives, Deutsche Bank ., Service, Deutsche Bank, Anheuser, Busch InBev, Modelo, Busch Locations: Wall, Silicon

☆ Russia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealth
▼ + stars: | 2023-08-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Russia added $600 billion of total wealth last year, a report by UBS indicated. The number of millionaires and ultra-high-net-worth individuals also rose, despite the war in Ukraine raging on. Meanwhile, the US and Europe shed trillions of dollars worth of wealth, the Swiss bank reported. Russia added $600 billion of total wealth, the Swiss bank found in its annual Global Wealth Report, published Tuesday. Rising oil prices could be one factor behind the wealth increase, with exports of the commodity a key economic engine for Russia.

Persons: UBS's Organizations: UBS, Service, North Locations: Russia, Ukraine, Europe, Swiss, Wall, Silicon, North America, Moscow, Mexico, India, Brazil, US, Japan, China, Canada, Australia

☆ China is hiding key data to pretend its economy is doing OK. It's not.
▼ + stars: | 2023-08-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China is hiding unflattering data, with its economy struggling. The National Bureau of Statistics didn't report youth unemployment numbers this month. The National Bureau of Statistics said Tuesday it would stop releasing youth unemployment numbers, after joblessness among 16-to-24 year olds spiked to 21% in June. China's economy could be a "ticking time bomb", the President told a fundraiser event in Utah, adding that "when bad folks have problems, they do bad things." Those measures could help jumpstart China's struggling economy – but trying to turn off the bad news tap will not.

Persons: Brad Setser, Joe Biden, jumpstart Organizations: National Bureau, Statistics, Financial Times, Service, National Bureau of Statistics, Treasury Locations: China, Beijing, Wall, Silicon, Japan, Utah, China's

☆ UEFA's Ceferin calls on Europe to end "cancer" of soccer violence
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Soccer fans detained following violent clashes between AEK Athens and Dinamo Zagreb soccer fans, that lead to the death of a man, are taken to a magistrate, in Athens, Greece, August 11, 2023. "This is the cancer of football and those are not football fans," Ceferin said. "Violence and hooliganism are not only a Greek problem," he said adding European countries, institutions and media had to work together to help end football violence. Greece has made repeated efforts to reform soccer, which has been plagued by violence on and off the pitch. Mitsotakis said that Greece was exploring a further tightening of rules to help end violence at sporting events.

Persons: Louiza, Alexander Ceferin, Kyriakos Mitsotakis, Ceferin, Michalis Katsouris, George Gerapetritis, Mitsotakis, Renee Maltezou, Pritha Sarkar Organizations: Soccer, AEK Athens, Dinamo Zagreb soccer, REUTERS, Rights, UEFA, Dinamo Zagreb, Greek, AEK, Croatian, Aris Thessaloniki's, Thomson Locations: Athens, Greece, Europe, Croatia

☆ Russia's central bank bids to prop up the plummeting ruble by hiking interest rates to 12% at an emergency meeting
▼ + stars: | 2023-08-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The Bank of Russia raised interest rates by 350 basis points to 12% at an emergency meeting Tuesday. It's trying to prop up the ruble, which plummeted to a 16-month low this week. The currency strengthened in the immediate aftermath of the central bank’s latest move. It brought in the rate hike after the ruble fell to a 16-month low of nearly 102 to the dollar Monday, leading to Moscow publicly rebuking the central bank. The Bank of Russia responded to Oreshkin's criticisms by calling an emergency meeting, where it voted to raise interest rates for the second month in a row.

Persons: It's, Vladimir Putin, Maxim Oreshkin Organizations: Bank of Russia, Service, Bank of Locations: Wall, Silicon, Bank of Russia, Ukraine, Moscow

☆ From Elon Musk to Chinese tech titans, everyone wants Nvidia's GPU chips. There might not be enough to go around.
▼ + stars: | 2023-08-12 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Elon Musk has loaded up on Nvidia GPUs for X, xAI, and Tesla. Meanwhile, Chinese tech titans are reportedly scrambling to buy $5 billion worth of the chips. But there are signs emerging that there may not be enough of Nvidia's chips to go around, with multiple top executives warning that demand is massively outpacing supply. Soaring demandThe massive increase in interest in artificial intelligence has been a key factor driving demand for Nvidia's semiconductors. Perhaps the strongest sign that demand for Nvidia's chips is soaring came in May, when it released stellar second-quarter revenue forecasts that smashed Wall Street's expectations by 50%.

Persons: Elon Musk, Biden, Tesla, Adam Selipsky, Matthew Prince, there's, Barron's Organizations: Nvidia, titans, Service, Soaring, New, Research, Financial Times, Elon, Twitter, Web Locations: Wall, Silicon

☆ Phil Mickelson considered betting on Team USA to win the Ryder Cup – and lost $100 million gambling, book says
▼ + stars: | 2023-08-11 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Phil Mickelson racked up $100 million worth of losses gambling, according to a new book by Billy Walters. The golf star also tried to bet $400,000 on Team USA at the 2012 Ryder Cup, Walters wrote. Phil Mickelson has bet over $1 billion over the past three decades, racked up $100 million worth of losses, and once considered placing a wager on Team USA winning the Ryder Cup, according to a new book. Walters adds that in September 2012, Mickelson asked him to place a $400,000 bet on Team USA to win the Ryder Cup – a tournament Mickelson was playing in — but he refused, asking the former World No. Mickleson denied ever betting on the Ryder Cup.

Persons: Phil Mickelson, Billy Walters, Walters, " Mickelson, Mickelson, Mickleson, Phil, " Walters Organizations: USA, Morning, Ryder, Dean Foods, Prosecutors, FBI Locations: —, Europe, what's

SINGAPORE, Aug 11 (Reuters) - Singapore will hold a presidential election on Sept. 1 if more than one candidate is nominated to run for the largely ceremonial post, the government said on Friday. This year's presidential election in the diverse city-state will be open to all ethnic groups, unlike the last time, in 2017, when the post was controversially reserved for those of Malay ethnicity. The 2017 election was uncontested when applications from four candidates were rejected, sparking a rare protest by several hundred people in a city park who raised a banner with the message "ROBBED OF AN ELECTION #NotMyPresident". They will have to get certificates of eligibility from the Presidential Elections Committee to stand. Singapore has about 3.5 million citizens, about three-quarters of them ethnic Chinese, 12.5% ethnic Malay and 9% ethnic Indian, with the rest classified as Eurasians.

Persons: Halimah, Singapore's, Tharman Shanmugaratnam, Ng Kok, George Goh, Xinghui Kok, Jason Neely, Robert Birsel Organizations: Presidential, Thomson Locations: SINGAPORE, Singapore, Malay

☆ Why Remedios Varo, one of the ‘three witches’ of surrealism, continues to fascinate today
▼ + stars: | 2023-08-10 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

Like many of her contemporaries, Varo fled Europe as war bore down on the continent, arriving in Mexico in 1941. It took more than a decade for her to exhibit her work there, but when she did, she left her mark. Alchemy and artistryDuring her life in Mexico City, Varo bonded with fellow artist Carrington and photographer Kati Horna. Remedios Varo/ARS, New York/VEGAP, Madrid/Art Institute of ChicagoVaro’s sense of humor periodically cuts through in her work. You see that on the surface of her work, with story and material coming together into one unified composition.

Persons: CNN —, Remedios Varo —, —, los Remedios Alicia y Rodriga, Uranga —, André Breton, Varo, Juliana, Remedios Varo, Salvador Dalí, Joan Miró, Max Ernst, ”, Varo’s, “ Remedios Varo, Frida Kahlo, Leonora Carrington, Caitlin Haskell, Tere Arcq, El Juglar, “, ” Haskell, Walter Gruen, Carrington, Kati Horna, George Gurdjieff, El, Rodrigo Chapa, Katrina Rush Organizations: CNN, Mexico City, Artists Rights Society, Art Institute of Chicago, Arte Moderno, York’s Museum of Modern, Art Institute Locations: Mexico, Spanish, Paris, Europe, New York, Madrid, Varo’s, Mexico —, United States, El, Mexico City, Venice, Ciencia

☆ Bearish investor Boaz Weinstein is feeling the pain from this year's unexpected stock rally
▼ + stars: | 2023-08-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Boaz Weinstein has been tagged by this year's stock-market rally, according to the Financial Times. Saba Capital's flagship $1.3 billion fund is down 8% year-to-date, the publication reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. [Quantitative tightening] is going to be a real headwind for investors," Weinstein told the FT back in October. Contrary to Weinstein's gloomy forecast, US stock valuations have soared in 2023, powered higher by the rise of AI and rapidly cooling inflation.

Persons: Boaz Weinstein, Boaz Weinstein's, Weinstein, That's, Morgan Stanley's, Mike Wilson Organizations: Financial Times, Saba Capital's, Service, Federal Reserve, Nasdaq, Dow Jones, Saba Capital Locations: Saba, Wall, Silicon, Boaz Weinstein's Saba Capital

☆ Tech stocks are off to their worst start to a month since December with the Nasdaq down 3% already
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The Nasdaq Composite has slipped at the start of August, putting a five-month winning streak at risk. The tech-heavy index is off to its worst start to a month since December 2022. The sector-tracking Nasdaq Composite has slipped 3% in August for its worst first six trading days of a month since December 2022, putting a five-month winning streak at risk. August has been the second-worst month for the Nasdaq over the past 52 years, according to data from Dow Jones – with the tech benchmark only tending to perform worse in September. The S&P 500 and Dow Jones Industrial Average are also off to weak starts this month, sliding 2% and 0.7%, respectively.

Persons: It's, Fitch, Moody's, Dow Jones Organizations: Nasdaq, Service, Tech, Federal Reserve, Treasury, Dow, Dow Jones Locations: Wall, Silicon

☆ China slips into deflation, fueling more calls for economic stimulus
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Shop and factory prices both fell in China last month, according to data released Wednesday. That means the country is suffering deflation for the first time in over two years. It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out. That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt. The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.

Persons: Hargreaves, Steve Clayton, Jim Reid Organizations: Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank Locations: China, Beijing, Wall, Silicon

☆ Falling prices in China could be a blessing in disguise for the world economy's ongoing fight against inflation
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

But falling prices there could end up being good news for the rest of the world. However, falling prices there aren't necessarily bad news for everyone else. In China, prices are falling rather than risingData from the National Bureau of Statistics published Wednesday showed China's factory-gate prices, as measured by the producer price index, plunging 4.4% year-on-year in July for a tenth straight month of declines. Falling prices in the world's second-biggest economy could "give central bankers in the US, UK and Europe pause for thought when they weigh up their next steps," according to AJ Bell investment director Russ Mould. So deflation in China might end up being bad news for Beijing – but a blessing in disguise for the rest of the world.

Persons: it's, China's, Hargreaves Lansdow n's, Steve Lansdown, AJ Bell, Russ Mould Organizations: Service, Privacy, Apple, Nike, Federal Reserve, National Bureau, Statistics, Beijing, Bank of England Locations: China, Wall, Silicon, Beijing, West, Saudi Arabia, Russia, Ukrainian

☆ Over 80% of Americans think it's a bad time to buy a house
▼ + stars: | 2023-08-08 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Americans don't feel good about the prospect of buying a house right now. 82% think it's a "bad time to buy" a new home, according to a Fannie Mae survey. Affordability has plunged due to soaring mortgage rates and low inventory levels. And just 64% of the people surveyed by Fannie Mae believe it's a good time to sell a house. "Unsurprisingly, consumers continue to attribute the challenging conditions to high home prices and unfavorable mortgage rates," he added.

Persons: Fannie Mae, Fannie, Black Knight, Freddie Mac, Fannie Mae's, Doug Duncan Organizations: Service, Housing Survey, Federal Locations: Wall, Silicon, Fannie Mae's, Black

CNN —Tory Lanez, the man convicted of shooting rapper Megan Thee Stallion in 2020, was sentenced on Tuesday to 10 years in prison, the Los Angeles County District Attorney’s office told CNN. Stallion accused Lanez of shooting her in the foot after she exited a vehicle they had been riding in following an argument. At a press conference following the sentencing on Tuesday, LA County District Attorney George Gascón explained how Lanez attempted to “silence” Stallion after she accused him of shooting her in 2020. But if it can happen to me, imagine those who lack the resources and support systems to help them,” Stallion said, according to the district attorney. Megan Thee Stallion performs onstage at 2023 LA Pride in the Park festival at Los Angeles Historical Park on June 09, 2023 in Los Angeles, California.

Persons: Tory Lanez, Megan Thee Stallion, Lanez, George Gascón, ” Gascón, “, ”, Gascón, I’m, Megan Thee, Emma McIntyre, Jose Baez, ” Baez, Baez, Savage, Elle Organizations: CNN, Los Angeles County, Stallion, Hollywood, Los Angeles, Attorney, ”, Los, Historical Park Locations: Los Angeles, Los Angeles County, LA, Los Angeles , California

☆ Rapper Tory Lanez sentenced to 10 years in prison for shooting Megan Thee Stallion
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

[1/3] Megan Thee Stallion arrives to attend the 2022 Billboard Music Awards at MGM Grand Garden Arena in Las Vegas, Nevada, U.S. May 15, 2022. REUTERS/Steve Marcus/File PhotoAug 8 (Reuters) - Canadian rapper Tory Lanez was sentenced on Tuesday to 10 years in prison, more than seven months after he was convicted of shooting fellow musical artist Megan Thee Stallion during an argument in 2020. Lanez was accused of shooting Grammy-winning rapper Megan Thee Stallion, 28, injuring her feet after a pool party in the Hollywood Hills in July 2020. Megan Thee Stallion, who was born Megan Pete, needed surgery and spent four days in the hospital before physical therapy allowed her to walk again. Megan Thee Stallion won Grammy awards for best new artist, best rap performance and best rap song in 2021.

Persons: Megan Thee Stallion, Steve Marcus, Tory Lanez, Megan Thee, Judge David Herriford, Daystar Peterson, Lanez, Megan Pete, Jose Baez, Baez, It's, Attorney George Gascon, Pete, Jane Ross, Jonathan Allen, Brendan O'Brien, Aurora Ellis, Lisa Shumaker Organizations: MGM, Garden, REUTERS, Daystar, Los Angeles Superior Court, Hollywood, New York Times, Megan Thee Stallion, Attorney, Thomson Locations: Las Vegas , Nevada, U.S, Los Angeles, Los Angeles County, New York

☆ China is telling economists not to talk about deflation or faltering growth, report says
▼ + stars: | 2023-08-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Beijing is telling economists not to talk about deflation or falling foreign investment, per the FT.Policymakers are mulling how to revive growth but yet to announce a "big bang" stimulus package. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Loading Something is loading. Economists, brokerage analysts, and researchers all told the publication that regulators, their employers, or local media had warned them not to talk about deflation, slumping foreign investment, and faltering growth, the newspaper reported. In July alone, second-quarter growth came in well below economists' expectations, consumer price inflation fell to 0%, and youth unemployment skyrocketed to 21%.

Persons: Xi, – Organizations: Service, Financial Times, Authorities Locations: Beijing, Wall, Silicon, China

☆ Don't rule out more interest-rate hikes, with the job market still looking strong
▼ + stars: | 2023-08-07 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The central bank will need to see more "signs that labor market conditions are loosening," governor Michelle Bowman said Saturday. But governor Michelle Bowman pushed back on Saturday, saying that additional hikes would probably be needed to bring inflation in line with the central bank's 2% target. Bowman flagged the labor market the same week a fresh batch of jobs data signaled the Fed might have more work to do to stop another flare-up in prices. "The recent jobs data is more or less in agreement with anecdotal evidence that a softening in the labor market is underway," UBS Global Wealth Management CIO Mark Haefele said in a note to clients Monday. "But elements of resilience in the jobs market mean that investors cannot yet take an end to rate hikes for granted," he added.

Persons: Michelle Bowman, Jerome Powell, Powell, Mark Haefele Organizations: Service, Federal Reserve, Kansas Bankers Association, Bowman, UBS Global Wealth Management Locations: Wall, Silicon

☆ Lionel Messi helped Apple TV+ beat its subscriber targets, Tim Cook says
▼ + stars: | 2023-08-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Lionel Messi joining Major League Soccer boosted Apple TV+ subscriber numbers, according to Tim Cook. "The fact that Messi went to Inter Miami helped us out there a bit," Cook said Thursday. Apple's streaming service is already feeling the benefit of soccer superstar Lionel Messi joining Major League Soccer, according to Tim Cook. Cook said in a quarterly earnings call Thursday that Apple TV+ had beaten its subscriber targets over the three months ending July 1. The Athletic reported in June that Messi had also inked revenue-sharing agreements with both Apple TV and Adidas, which is one of MLS's largest corporate sponsors.

Persons: Lionel Messi, Tim Cook, Messi, Cook, we're, Messi suiting, Germain Organizations: Major League Soccer, Apple, Inter Miami, Inter Miami CF, MLS, Paris Saint, Athletic, Apple TV, Adidas Locations: Florida

☆ The Panama Canal's water level is dropping thanks to a drought, throttling the number of ships that can get through
▼ + stars: | 2023-08-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The Panama Canal's income could fall by $200 million due to a lack of rainfall, its administrator said Thursday. It's capped the number of ships that can pass through due to this summer's drought. The Panama Canal is suffering from an intense drought which is forcing officials to cap the number of ships that can pass through the vital waterway. The 51-mile canal connects the Atlantic and Pacific oceans, which has historically made it a vital trade route. It had expected to bring in fees of around $4.9 billion in 2024 before the drought, according to Vasquez.

Persons: It's, Ricaurte Vasquez, Vasquez Organizations: Morning, Shipping, Atlantic Locations: Panama, France, Pacific

☆ Apple is set to shed nearly $60 billion in value after iPhone sales fell
▼ + stars: | 2023-08-04 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Apple shares fell nearly 2% in premarket trading on Friday. It posted a so-so earnings report that showed iPhone and iPad sales falling. The losses could wipe nearly $60 billion off Apple's market capitalization. Sales of iPhone, which account for nearly half of Apple revenues, slipped more than 2%, while iPad sales were down by a fifth. "Apple beat expectations overall, but a 2% fall in iPhone sales has spooked investors and caused a sharp sell-off," said Hargreaves Lansdown lead equity analyst Sophie Lund-Yates.

Persons: Apple, Hargreaves, Sophie Lund, Yates Organizations: Apple, Service, Big Tech Locations: Wall, Silicon, Refinitiv, Cupertino

☆ The January 6 riot factored into Fitch's shock US credit rating downgrade, report says
▼ + stars: | 2023-08-03 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Fitch factored the January 6 riot into its decision to slash the US's credit rating, per Reuters. The ratings agency announced a surprise downgrade Tuesday, rattling stocks. Fitch cut the US's credit rating from top-tier AAA to AA+ late Tuesday, citing "a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters". Biden administration officials immediately hit back at Fitch's downgrade, which Treasury Secretary Janet Yellen called "arbitrary and based on outdated data". Fitch is the second of the "Big Three" ratings agencies to cut the US's credit score.

Persons: Fitch, Richard Francis, Francis, Joe Biden, Fitch's, Biden, Janet Yellen Organizations: Service, Reuters, Trump, Treasury, Republicans, AAA, AA, House Republicans, Nasdaq, Dow Jones, Global Locations: Wall, Silicon, Washington

Search resuls for: "George G"

25 mentions found