U.S. Debt Warning by Moody’s Lacks Market Impact On Monday, financial markets seemed unfazed by a warning from Moody’s Investor’s Service that it was lowering its ratings outlook on U.S. Treasurys. The big-three ratings agency cited high levels of government debt and deficits coupled with political turmoil in Washington as reasons for the downgrade. In…
Moody’s Downgrades U.S. Credit Outlook U.S. stock futures slipped on Sunday night following Moody’s Investors Service’s decision to lower its U.S. credit rating outlook from stable to negative, citing higher interest rates and deficits as contributing factors. Dow Jones Industrial Average futures dipped 54 points, or 0.1%, while futures tied to the S&P 500 and…
Following the airstrikes and unrest in Gaza, Israeli Prime Minister Benjamin Netanyahu has stated that Israel will continue to control security in the region but will work towards demilitarizing it. This comes at a time when the region is suffering from power outages, particularly in the ICU and pediatric wards at Gaza’s main hospital. These…
Title: The Pros and Cons of Renouncing U.S. Citizenship as an American Expat A recent trend shows that more Americans are moving abroad, with many experiencing the double-edged responsibility of filing taxes with the IRS, in addition to taxes paid in their new country. This leads some expats to consider the possibility of renouncing their…
The U.S. division of Chinese bank ICBC hit by cyberattack The U.S. financial services division of the Industrial & Commercial Bank of China (ICBC) was targeted in a cyberattack that reportedly disrupted the trading of Treasurys. ICBC, which is the world’s largest lender by assets, confirmed that its financial services arm experienced a ransomware attack,…
Travelers are increasingly turning to “dupes” – alternative destinations that offer similar experiences to popular ones – to save money on flights and accommodations, according to new data from Expedia, a travel platform. Expedia revealed that flight searches for “dupe” destinations surged in 2023, with searches to cities like Taipei, Pattaya, Curaçao, Perth, and Liverpool…
U.S. futures flat after record runs for S&P 500 and Nasdaq Stock futures did not move significantly on Tuesday night, following a day during which the S&P 500 and Nasdaq Composite marked their longest winning streaks in approximately two years. Futures connected to the S&P 500 and Nasdaq 100 wavered near the flat line, while…
The Federal Reserve has announced plans to spend $931.4 million in 2023 on printing bills, but experts are raising concerns about the future of U.S. cash. According to Aaron Klein, a senior fellow at the Brookings Institute, the failure to modernize or update U.S. currency is a mistake, and he advocates for the use of…
Title: Iran Warns U.S. of Severe Consequences if Ceasefire in Gaza is Not Implemented Subtitle: WHO Reports Over 100 Attacks on Healthcare Facilities in Gaza Iran’s Minister of Defense, Mohammad-Reza Ashtiani, has issued a warning to the United States stating that they will face severe consequences if they fail to implement a ceasefire in Gaza….
Midday trading has seen several companies making headlines in the stock market. One such company is SoFi Technologies, whose shares have been fluctuating as traders digest the company’s latest quarterly results. SoFi reported a significant beat in third-quarter revenue and raised its outlook for the full year. The company’s revenue of $531 million surpassed the…
