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Boeing Isn't Junk Status — Yet: Moody's Outlook On Aircraft Maker Goes Negative
Wednesday, April 24, 2024 - 5:27pm | 611Boeing Co.'s (NYSE:BA) problems continue as Moody's Ratings downgraded the plane-maker’s credit score. What Happened: Moody’s lowered the score on Boeing's unsecured debt to Baa3 from Baa2, according to a report published Wednesday. Ba2 is the lowest possible investment-grade rating....
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Why New York Community Bancorp Stock Is Tumbling
Monday, March 4, 2024 - 4:37pm | 451New York Community Bancorp, Inc. (NYSE:NYCB) shares are trading lower Monday on continued weakness after the company last week announced that it identified material weaknesses in its internal controls and replaced its CEO. Moody's also downgraded New York Community Bancorp's long-term issuer rating...
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New York Community Bank On Track To Rebound From Tuesday's 22% Slide: What's Going On
Wednesday, February 7, 2024 - 9:01am | 477Shares of regional bank New York Community Bancorp, Inc. (NYSE:NYCB) rose in premarket trading on Wednesday. The Slump: This marks a reversal from the 22% losses they experienced on Tuesday after a Bloomberg report said the Treasury Department’s Office of the Comptroller of the Currency may...
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Bank Earnings Preview: Cautious Outlook As JPMorgan, Citigroup, BofA And Wells Fargo Report On Friday
Tuesday, January 9, 2024 - 9:54am | 821Four top U.S. banks report fourth-quarter earnings on Friday, and while all are expected to beat or match market forecasts, investors will be keenly watching their outlook statements for a glimpse of what’s expected for the year ahead. Deloitte, in its 2024 Banking And Capital Markets Outlook...
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Moody's Staff In China Advised To Work From Home Amid Fear Of Government Inspections
Thursday, December 7, 2023 - 1:02pm | 318Moody’s Investors Service has reportedly directed its China-based staff to work from home, a development closely preceding its decision to lower China’s sovereign credit rating outlook from neutral to negative this week. According to the Financial Times, which first reported the news,...
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Moody's Launches 'First-Of-Its-Kind' AI-Powered Research Tool: Analysis That Took Hours Now 'Accomplished In Minutes'
Tuesday, December 5, 2023 - 1:28pm | 440Moody’s Corporation, the ratings agency and research firm, has become the first financial services company to leverage the power of Generative AI (GenAI) to launch a customer research platform that it says will save users hours every day. The company announced on Tuesday the launch of Moody...
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China Debt Outlook: Moody's Cuts To Negative As Property Crash Continues To Weigh
Tuesday, December 5, 2023 - 10:35am | 614Ratings agency Moody’s cut its outlook on China’s credit rating to negative on Tuesday, saying the country faces an economic slowdown as it continues to grapple with the fallout from the collapse in its property sector. Moody’s rating reflected growing signs that debt issuance...
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EXCLUSIVE: Experts Foresee Blockchain Coexisting With Traditional Assets, Eye Trillions In Growth By 2030
Tuesday, November 14, 2023 - 2:33pm | 707Blockchain technology has the potential to enhance transaction security and efficiency in various sectors, and the capacity to coexist with traditional assets, a panel of financial experts including Rajeev Bamra, head of DeFi and digital assets strategy at Moody’s Corp. (NYSE:MCO), and...
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Moody's Cuts US Credit Rating To Negative, Does Anyone Really Care?
Monday, November 13, 2023 - 12:32pm | 883This past Friday after the stock markets closed Moody’s downgraded the US credit to negative outlook because of a variety of fiscal and political factors, but affirmed its Aaa credit rating. If that makes no sense to you, join the club. It appears this is a warning about concerning behavior,...
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Cathie Wood Weighs In On Bond Yields, Peter Schiff Slams GOP Inflation Theories, Moody's Downgrades US Outlook And More: Top Economics News This Week
Sunday, November 12, 2023 - 12:01pm | 643This week has seen significant market movement, with top figures like Cathie Wood, Peter Schiff, and Jerome Powell making notable remarks. Additionally, Moody’s downgraded the U.S. outlook, and renowned economist Mohamed El-Erian discussed inflation’s impact on the Biden administration...
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Moody's Casts A Dark Cloud: US Outlook Downgraded To Negative Over Escalating Deficits, Interest Rates
Friday, November 10, 2023 - 6:43pm | 464Moody's Investors Service has downgraded the outlook on the U.S. government's ratings from stable to negative. The Friday decision underscores growing apprehensions about the nation's ability to manage its finances in an environment of escalating interest rates and substantial...
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GDP Data Shows Roaring US Economy, But There's One Weakness — And It Hits Your Wallet
Thursday, October 26, 2023 - 3:52pm | 752The U.S. economy is in good shape, but close observers of Thursday's gross domestic product report are flagging some unsettling trends. What Happened: Indeed, the latest data exceeded economist projections. The U.S. economy recorded an impressive 4.9% growth rate in the third quarter...
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Moody's Senior VP Rajeev Bamra Bridges Gap Between DeFi And Ratings Agency
Tuesday, October 17, 2023 - 9:22am | 587As one of the oldest, most renowned credit rating agencies, Moody’s plays a crucial role in global financial markets by assessing credit risk. Credit analysis is fundamental in turbulent times as it focuses on the downside risk — the primary variable in debt instruments. At Moody’s,...
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McCarthy Under Pressure As Clock Ticks To Avert Shutdown: Treasury Yields Mirror Market Jitters
Tuesday, September 26, 2023 - 3:23pm | 653As the clock ticks toward an Oct. 1 deadline to avoid a shutdown, the U.S. government is grappling with political brinkmanship that threatens to disrupt federal funding. Senate negotiators from both sides of the aisle are inching closer to a short-term spending agreement aimed at averting a...
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Peter Schiff Warns Investors Taking Refuge From Stocks In Money Markets: 'Inflation Is A Real Risk'
Monday, September 25, 2023 - 8:58pm | 499Renowned economist Peter Schiff cautions investors seeking refuge in money markets from stock volatility, highlighting the lurking inflation threat that could erode purchasing power significantly. What Happened: On Monday, Schiff shared his insights on Twitter, warning investors about the hidden...