Hollywood studio Paramount Global has been downgraded to junk status by S&P, which cited the ongoing plunge in cable TV subscriptions as the reason for the credit rating change.
Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia’s invasion of Ukraine, high inflation, and rising interest rates.
Standard & Poors lowered its view of China’s creditworthiness, less than a month ahead of the country’s most important and sensitive political gatherings.
Banks and other financial companies led U.S. stocks lower in late-afternoon trading Thursday as investors sized up the latest batch of company news and earnings reports.
Gov. Jerry Brown warned this week that despite record economic growth, California’s $122.8 billion budget will suffer its first deficit since 2012 due to spending growing twice as fast as the economy.
Contents: Rating agencies downgrade Britain’s AAA credit rating; Christian community in Lebanon targeted by suicide bombers; June 12 bombing of Beirut’s Blom Bank blamed on Hezbollah; Nasrallah responds: Hezbollah gets all its funding from Iran
LONDON/FRANKFURT (Reuters) – European Union countries’ reluctance to integrate in the face of an influx of refugees and with the possible departure of Britain from the bloc could ultimately hurt creditworthiness, Standard & Poor’s said on Monday. “Indications are mounting
The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China’s slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis.
ISIS-linked group takes credit for hotel bombing in Tripoli Libya; Libya’s oil production plummets because of conflict; S&P lowers Russia’s bonds to junk status
