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☆ An escalating dispute at major gas facilities in Australia could drive up European prices, analysts say
▼ + stars: | 2023-09-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Jacob Mandel Senior research associate for global energy markets at Aurora Energy ResearchFears of strike in Australia, one of the world's biggest exporters of liquified natural gas (LNG), have recently pushed up European gas prices — and analysts expect near-term volatility to persist. Jacob Mandel, senior research associate for global energy markets at U.K.-based consultancy Aurora Energy Research, said the global natural gas market was currently "very tight" and "very little supply flexibility" means that strike action in Australia could send European gas prices higher. He said that European gas prices could climb to above 40 euros ($42.9) per megawatt hour if the strikes go ahead as planned. The front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, traded at 33.5 euros on Tuesday.

Persons: Dan Kitwood, Jacob Mandel, Mandel, we've, Ramesh, Wheatstone, Henning Gloystein, Gloystein Organizations: National Grid, Getty, CNBC, Chevron, Offshore Alliance, Wheatstone, Fair, Aurora Energy, Aurora Energy Research, videoconference, Rystad Energy, Europe, EU, Eurasia Group Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia, Europe, Japan, Korea, wean, Ukraine, Russia

☆ Russia will increase foreign currency sales 830% as deadline for Eurobond repayment nears
▼ + stars: | 2023-09-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russia's central bank said it will increase its foreign currency sales by 830% later this month. The sales will help Russia repay a $3 billion Eurobond that is due on September 16. The offloaded foreign currency will also help calm ruble volatility, the central bank said. Between September 14 and 22, the Bank of Russia will sell 21.4 billion rubles worth of foreign currency a day into the domestic market, up 830% from a planned 2.3 billion. This will total 150 billion rubles worth of foreign currency, or $1.5 billion.

Persons: Wagner, Elvira Nabiullina, Anton Siluanov Organizations: Service, Bank of Russia, Bolshevik, Kremlin, Moscow Times, Reuters Locations: Russia, Wall, Silicon, Russia's, Moscow, Ukraine

☆ Two people have been accused of using an excavator to destroy part of the Great Wall of China to create a shortcut
▼ + stars: | 2023-09-05 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Two people have been accused of destroying part of the Great Wall of China with an excavator. The pair reportedly wanted to create a path cutting through the Ming-dynasty portion of the wall as a shortcut, according to CNN. The damage has affected the structural integrity of that portion of the Great Wall, and it was "beyond repair," state-owned newspaper China Daily reported. AdvertisementAdvertisementThe earliest segments of the Great Wall, which stretches for over 4,000 miles across China, were first created in the third century BC. The damage to the Great Wall is this summer's latest example of a world-historical landmark facing purposeful damage.

Persons: Vespasian Organizations: CNN, Service, China . Police, China Daily, UNESCO, Smithsonian Magazine Locations: China, Wall, Silicon, Shanxi, Northeastern China

☆ Low water levels in Texas reveal dinosaur tracks dating back 110 million years
▼ + stars: | 2023-09-02 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +5 min

CNN —As Texas baked in record-breaking heat this summer and a growing drought pushed water levels down, a group of volunteers uncovered something sort of magnificent: new giant dinosaur tracks that are believed to be from around 110 million years ago. Paul Baker, the retail manager at Dinosaur Valley State Park, told CNN he has “never seen this many dinosaur tracks” before. It is a hotspot for dinosaur enthusiasts and tourists who typically flock the now-dry Paluxy River to fish, swim and kayak. Paul BakerThe Paluxy River usually draws tourists for fishing, swimming and kayaking, but has been bone dry in this summer's growing drought. Baker was raised in Dinosaur Valley State Park – his father was a park manager for 30 years – and now operates several businesses, including the park’s gift shop.

Persons: Paul Baker, ”, Baker, I’d, it’s, ” Baker, “, dino, ” Kuban, –, ” Read, Mead Organizations: CNN, Dinosaur, US Drought Monitor, Glen Kuban, Society, Master Naturalists, North America — Locations: Texas, Dallas, Dinosaur, Kuban, Dinosaur Valley, North America, ”, Iraq

☆ A how-to repair company wants to fix one of summer's biggest problems: McDonald's broken ice cream machines
▼ + stars: | 2023-08-31 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

McDonald's ice cream machines are so prone to breakdowns that they've spawned thousands of memes. Now, iFixit, a how-to repair company, wants a copyright exemption to repair them. McDonald's ice cream machines have a history of breaking down. This isn't the first time an outside group has tried to fix McDonald's ice cream machines. Startup Kytch introduced a device in 2019 to help franchise owners troubleshoot their ice cream machines so they could repair them.

Persons: iFixit, —, Taylor, We've, we've, Elizabeth Chamberlain, Chamberlain, McDonald's Organizations: Service, Copyright Locations: Wall, Silicon, McDonald's

Retail pasta prices rose about 12% this year in Europe and 8% in the United States, according to market research firm Nielsen. CANADA DRYWhen the Prairies turned dry this summer, Canadian farmer Darold Niwa saw hopes of a bumper durum harvest dashed. Durum, the hardest wheat, produces pasta with the prized "al dente" firm texture, unlike soft wheat. In the meantime, Vincenzo Martinelli, president of the durum section of Italian millers association Italmopa, nervously awaits the outcome of the Canadian harvest. "Without Canada, prices will only go up," he said.

Persons: De, Continental Noodles, Vincent Liberatore, Liberatore, Darold Niwa, Jerry Klassen, Philip Werle, There's, Severine, Maisons, Vincenzo Martinelli, Gus Trompiz, Rod Nickel, Emilio Parodi, Ceyda, Julie Ingwersen, Michael Hogan, Caroline Stauffer, David Gregorio Our Organizations: Foods, Nielsen, Grains, CANADA, Prairies, Statistics, Traders, Northstar, European Union, Thomson Locations: Fara San Martino, Italy, PARIS, WINNIPEG , Manitoba, Canada, Turkey, Toronto, Continental, Spain, India, Europe, United States, Oyen , Alberta, durum, Statistics Canada, France, Algeria, TURKEY, Turkish, American, Russia, North Africa, Milan, Ceyda Caglayan, Istanbul, Chicago, Hamburg

☆ Hot girl summer could lead the way into a recession-less fall
▼ + stars: | 2023-08-26 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Local economies across the US are enjoying the boost brought by women's spending this summer. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. He also added that the pay gap between women and men is the narrowest it's ever been, especially among younger generations. Overall, Fortune estimated, the economy could benefit by about $3.1 trillion if women were afforded more opportunities and equity was increased. AdvertisementAdvertisementChevalier-Jordan said many women are in a good position to assume more power in spending as their rate of higher education completion rises.

Persons: Taylor Swift's, Forbes, —, Swift, Curt Long, National Business Capital Brian Chevalier, Jordan, Chevalier, we've, Beyoncé, Taylor Swift Organizations: Service, National Association of, CNBC, National Business Capital, — Fortune, Fortune Locations: Wall, Silicon, Cincinnati , Ohio, Sweden

☆ CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near Jackson Hole, Wyoming. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. But there are other market themes that investors should know about, according to Goldman Sachs.

Persons: Jerome Powell, paring, CNBC's Lucy Handley, Singh Puri, CNBC's Tanvir Gill, Puri, Goldman Sachs Organizations: Federal Reserve, Jackson, Grand Teton, CNBC, Nvidia, Nikkei, AMD, Intel, Petroleum, Natural Gas Locations: Jackson Hole , Wyoming, Asia, Pacific, China, Europe, India, Moscow

Even as inflation has slowed from last summer's 40-year highs, Fed officials have been reluctant to declare their job finished until there are clearer signs the economy is slowing. If, as some argue, the interest rate that neither stimulates nor restrains the economy has shifted higher, it means Fed policy is putting less pressure on the economy than expected. Partly to let its policies play out, the Fed is widely expected to leave interest rates on hold at its Sept. 19-20 meeting. Will the bulk of policymakers feel higher rates will be needed to finish the job? "I do expect some rise in unemployment will be required to get underlying inflation into a zone where the Fed is comfortable."

Persons: Chris Albrecht, what's, Thomas Barkin, Barkin, Charles Evans, Richard Clarida, Howard Schneider, Dan Burns, Paul Simao Organizations: Caesars, Richmond Fed, Reuters, Fed, Chicago Fed, Workers, U.S, Thomson Locations: DANVILLE, Virginia, Danville , Virginia, Caesars Virginia, Danville, U.S, Jackson Hole , Wyoming

☆ Wildfires rage in Greece, Spain and Italy as heatwave spreads
▼ + stars: | 2023-08-22 | by ( Alexandros Avramidis | ) www.reuters.com time to read: +4 min

[1/5] Flames burn a tree as a wildfire rages in Alexandroupolis, on the region of Evros, Greece. Authorities urged residents to avoid the heat as France, Italy, Spain and elsewhere suffered hot, dry and windy conditions that scientists have linked to climate change. WILDFIRES IN SPAIN, ITALYThe blaze has burned through 15,000 hectares in 12 municipalities forcing the evacuation of thousands of people. In France, four southern regions - the Rhone, Drome, Ardeche and Haute-Loire - were placed under red alert, the most serious warning. Grape-pickers in wine-producing regions of southern France have been advised to start work on the harvest in the early hours of the morning to avoid sweltering in a late summer heatwave.

Persons: Alexandros Avramidis, I've, Nikos Gioktsidis, Vassilis Varthakogiannis, AEMET, Alessandro Vitaliano, ANSA, Karolina Tagaris, Dominique Vidalon, Gisela Vignoni, Crispian Balmer, Ingrid Melander, Janet Lawrence Organizations: Flames, REUTERS, Greece Firefighters, heatwave, University Hospital, ERT, Rio Marina, Reuters, Thomson Locations: Alexandroupolis, Evros, Greece, Spain, Italy, Europe, France, Turkey, Tenerife, SPAIN, ITALY, Elba, Rio, Rome, Milan, Florence, Drome, Ardeche, Haute, Loire, Rhone, Alexandropoulis, Athens, Paris

☆ Bitcoin had a big drop late last week. Here's what sparked it, and why that volatility can persist
▼ + stars: | 2023-08-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin's back to its volatile ways after its big move down late last week — but not for the reason investors expected. Aside from the mismanaged crypto lenders (and FTX) that plagued the crypto market in 2022, the Federal Reserve's inflation-fighting rate hiking campaign played a big part in bitcoin's downward price pressure. "The volatility will have a persistence if we're going to stay here at an elevated real rate environment," he told CNBC. Even if the Fed doesn't raise interest rates anymore, the crypto space seems more focused now on real rates and keeping them elevated to fight inflation. Having institutions with an established long core holding would act as a stabilizing force for Bitcoin, Connors added.

Persons: it's, Mark Connors, 3iQ, We're, headwinds, Connors, It's, that've, Bitcoin, —, Jeff Cox Organizations: CNBC, SEC, Fidelity Locations: BlackRock

A child plays the game "Honour of Kings" by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Acquire Licensing RightsHONG KONG, Aug 17 (Reuters Breakingviews) - China's economic woes have gifted Tencent (0700.HK) an unexpected silver lining. Revenue rose a decent 11% to 149 billion yuan ($20.4 billion), but fell slightly short of the average analyst forecast compiled by Refinitiv. That compares to the 151.7 billion yuan average analyst forecast of 21 analysts compiled by Refinitiv. Adjusted net profit, after excluding certain one-time and non-cash items, rose 33% to 37.5 billion yuan.

Persons: Tencent, Stringer, HONG KONG, Refinitiv, James Mitchell, pare, Alibaba, Antony Currie, Thomas Shum Organizations: REUTERS, Reuters, HK, Revenue, Tencent, Citi, Refinitiv, Thomson Locations: Dezhou, Shandong province, China, HONG, Tencent, Hong Kong

☆ World Cup fuels surge in women's sports betting, but early kick-offs weigh
▼ + stars: | 2023-08-16 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

Entain (ENT.L), owner of Ladbrokes and Coral brands, said it saw "exponential growth" in betting on the sport and a record number of women globally placing bets. The first three England games saw one-fifth of bets placed by women, it said. Betting on the co-host and semi-finalist Australia saw a 200% increase, fuelled by the Matildas strong run. Soccer leads the way in terms of the number of people betting and placing bets, and the number of women betting on women's soccer has doubled annually, the study said. Entain did not immediately disclose the number of bets placed on the World Cup.

Persons: Alishia, William Hill, Lee Phelps, Entain, Dominic Grounsell, Yadarisa, Conor Humphries Organizations: Soccer Football, FIFA, Australian High Commission, Australia, England, REUTERS, German Sport University Cologne, Soccer, Thomson Locations: New Zealand, London, Australia, Britain, Bengaluru

☆ Ukraine banks on vintage Soviet rocket launchers to support the counteroffensive against Putin's invasion, report says
▼ + stars: | 2023-08-12 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Ukrainian troops are using a Soviet-era rocket launcher, the BM-21 Grad, to hit Putin's forces. The BM-21 Grad, which was first developed in 1963, is one of many Soviet weapons that make up two-thirds of Ukraine's artillery arsenal, the outlet said. He said although it often breaks down, the BM-21 Grad can fire many rockets over a short period, per the outlet. Operators within the 60th brigade told the Journal that they had few Western-donated weapons, and would like a HIMARS. At the start of the war, Ukraine held 260 BM-21 Grads, compared with Russia's 500, according to Janes, via the outlet.

Persons: Sunsil Nair, Diego Herrera Carcedo, Volodymyr Sukhilov, Janes Organizations: Street Journal, Service, Russia, Wall Street Journal, BMI, Janes, Rights Watch, Anadolu Agency, Getty, Brigade Locations: Ukrainian, Wall, Silicon, Ukraine, Donetsk Oblast, Russian

☆ Pop-ups are designed for brand awareness, customer engagement and sales: PopUpSummer's Susan Sandler
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPop-ups are designed for brand awareness, customer engagement and sales: PopUpSummer's Susan SandlerSusan Sandler, PopUpSummer! founder and president and The Pop-Up Biz Podcast host, joins 'Squawk Box' to discuss the business of pop-ups, the economics behind it, how brands are capitalizing on the concept, and more.

Persons: PopUpSummer's Susan Sandler Susan Sandler, PopUpSummer

☆ A key signal suggests job growth could plummet in coming months amid labor strikes and bad weather
▼ + stars: | 2023-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A key signal suggests monthly job growth could plummet in the coming months, according to Ned Davis Research. The research firm highlighted that a slow-down in temporary hiring services is the canary in the coal mine. The investment research firm highlighted a key leading indicator that is warning of a potential slowdown in hiring, and that's the hiring activities of temporary hiring services. And the two most recent job reports also came in below economist estimates, ending a more than year-long streak of better-than-expected job growth. Other factors that could limit future job growth includes tighter lending standards and a potential strike by the UAW and other unions.

Persons: Ned Davis, Joseph Kalish, Kalish Organizations: Ned Davis Research, NDR, UAW, Employers

☆ Spain roasts as summer's third heatwave peaks
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

[1/3] People queue in the sun outside Almudena Cathedral as they wait to enter the Royal Palace during the third heatwave of the summer in Madrid, Spain, August 8, 2023. The mercury could also rise to 40 C in the Basque Country in northeastern Spain, an area less accustomed to such high temperatures, the state weather agency AEMET said. Temperatures in some areas in the southern half of Spain remained above 27 C on Tuesday night and Wednesday morning, AEMET spokesperson Ruben del Campo said. As Spain suffocates under high temperatures, ice on its mountains is melting. The melting sped up in 2021 and 2022, which were particularly warm years in Spain.

Persons: Susana Vera MADRID, AEMET, Ruben del Campo, Del Campo, Charlie Devereux, Inti Landauro, Angus MacSwan Organizations: REUTERS, Visitors, Prado, Tourists, Thomson Locations: Almudena, Madrid, Spain, Basque, Southern, sightseers, Europe, Catalonia

☆ Atlas Lionesses: The Moroccan soccer revolution and the players inspiring a generation of girls
▼ + stars: | 2023-08-07 | by ( Alasdair Howorth For Cnn | ) edition.cnn.com time to read: +8 min

Morocco players celebrate after advancing to the knock out stage of the Women's World Cup. Her impact on the Moroccan women’s team has been equally dazzling. Chebbak’s legend has only grown this summer in leading the Atlas Lionesses at their first ever World Cup. Frustrated with the lack of women’s soccer, Illa and a few friends set up a team of their own. Nouhaila Benzina, pictured alongside FIFA President Gianni Infantino, has become a history maker during the Women's World Cup.

Persons: Ghizlane Chebbak, Mohammed VI, King, Chebbak, –, Prince Moulay Abdallah, King Mohammed VI, Cheebak, Khadija Illa, “, Alex Grimm, Larbi Chebbak, Ghizlane, didn’t, Misr El, Paul Kane, ” Chebbak, ”, Hakimi, Hakim Ziyech, Morocco’s, Morocco's, Reynald Pedros, Gary Day, Illa, Colin Murty, Fouzi Lekjaa, Nouhaila, Gianni Infantino, Harold Cunningham Organizations: CNN, of Nations, Morocco women’s, National Women’s Football League, FIFA, Moroccan, Rabat’s AS, AS, CAF Champions League, Confederation of African Football, South, Chebbak, Getty, Royal Moroccan Football Federation, Women’s Football League, CAF Women’s Champions League Locations: Morocco, South Africa, Sahara, Egypt, Germany, South Korea, Colombia, France, Laâyoune, Rabat, soccer, AFP, Moroccan

☆ The 10 most in-demand summer vacation destinations in the United States—3 are in Florida
▼ + stars: | 2023-08-07 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

The countdown to the end of summer is officially here, but that doesn't mean taking that vacation you've been thinking about isn't feasible. And according to a recent report, you likely won't have to travel very far to visit some summer's hottest destinations. HomeToGo released its 2023 ranking of the most popular travel destinations in the U.S. based on the rate of growth for traveler search demand. The ranking was determined based on travelers looking for stays in the U.S. between January 1, 2023 and July 20, 2023, with check-in dates between July 1-August 31, 2023 compared to the same period in 2022.

Organizations: HomeToGo Locations: U.S

☆ 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

☆ The safest place for some species of Florida coral is now on land as water temperatures off the coast exceed 100 degrees, researchers say
▼ + stars: | 2023-08-05 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Water temperatures in the Florida Keys hit 101 degrees late last month, causing rapid coral death. Now, researchers are scrambling to bring surviving species to land to preserve them in the event of even higher temperatures. While coral make up less than 1% of all ocean life, a quarter of marine species rely on them to live. The rise was so extreme, researchers say, that it killed some coral reefs in the Florida Keys almost immediately. On an average day in July, water temperatures off the Florida coast in the Eastern Gulf of Mexico sit in the high 80s.

Persons: Bailey, Thomasson, Jennifer Moore Organizations: Florida Keys, Service, Florida, Coral Restoration Foundation, New York Times, NPR, Times Locations: Florida, Eastern Gulf, Mexico

How to watch WWE Summerslam live streams from anywhereYou can use a VPN to watch Summerslam live if you don't live in a country with cable access or streaming plans that include WWE Network events. How to watch WWE Summerslam in the UKTNT Sports Box Office will show Summerslam in the UK via providers Sky, Virgin Media, and BT TV. How to watch WWE Summerslam in CanadaSummerslam will stream over the WWE Network via Sportsnet in Canada. How to watch WWE Summerslam in AustraliaBinge is the primary destination for Summerslam in Australia. WWE Summerslam match cardAhead, we list a schedule of all the matches taking place at Summerslam in Detroit, MI.

Persons: Peacock, Roman, We'll, Seth, Freakin, Rollins, Finn Balor, Cody Rhodes, Brock Lesnar, Canada's, It's, ExpressVPN, CEST, NBC Peacock, Brock Lesnar Asuka, Bianca Belair, Charlotte Flair, Logan Paul Gunther, Drew Mcintyre, Shayna Organizations: Ford, WWE, Universal, Tribal, WWE Network, Canada's Sportsnet, NBC, TNT, Sky, Virgin Media, BT, TNT Sports, Sportsnet, Triple, Ronda Locations: United States, Australia, Canada, Detroit , MI

☆ Goldman Sachs' summer internships are coming to a close. A former intern turned partner breaks down the 5 secrets to successfully snagging a return offer.
▼ + stars: | 2023-08-04 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

This summer Goldman hosted 2,970 interns, about 500 of whom were placed in the investment bank, according to stats provided by Goldman. They advised future Goldman interns to learn how to multitask and have a solutions-oriented mindset, among other suggestions. "You go into someone's office, you don't sit there and say, 'I don't know how to do this,'" he said. As selective as the application process is, Goldman summer analysts are not expected to know how to do their jobs before they start. "I said, I'm really nervous, I don't know how to model.

Persons: Goldman Sachs, Dave Friedland debunks, Stephenson, —, it's, Goldman, Dave Friedland, India Stephenson, Friedland, David Freidland Goldman Sachs Friedland, we've, It's, Princeton University —, they're, who's, I'm Organizations: Wall, Cross Markets, Investment Banking, Committee, Columbia University, University of Michigan, Princeton University Locations: dealmaking, India

☆ Fitch just downgraded US debt. Goldman Sachs says it's no big deal.
▼ + stars: | 2023-08-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Fitch downgraded US debt from AAA to AA+ on Tuesday, but Goldman Sachs isn't concerned. The ratings agency downgraded the US's long-term debt from AAA to AA+, pointing to this summer's last-minute debt deal, rising government debt, and suspect long-term management. Here's how Goldman Sachs responded:"Bottom line: the downgrade mainly reflects governance and medium-term fiscal challenges, but does not reflect new fiscal information. Big holders of US Treasury securities aren't going to rush to shed their holdings just because of the downgrade, Goldman maintained. Finally, Fitch did not adjust its "country ceiling" to reflect the downgrade, and that currently still sits a AAA level, according to Goldman.

Persons: Fitch, Goldman Sachs isn't, Goldman Sachs, Jan Hatzius, Goldman Organizations: AAA, Service, AA, Treasury Locations: Wall, Silicon

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