Moody's Slashes FY22 Outlook - Update

SEC Fines Moody's, S&P, Other Credit Rating Agencies Over Recordkeeping Failures

The U.S. Securities and Exchange Commission has fined six major credit rating organizations a total of $49 million for significant failures to maintain and preserve electronic communications. Admitting the facts in their respective SEC orders, Moody's Investor Service Inc. and S&P Global Ratings agreed to pay a $20 million civil penalty each. Further, Fitch Ratings Inc. agreed to pay $8 million...

RTTNews | 246 dias atrás

Moody's Narrows FY24 Outlook Range - Update

While reporting financial results for the first quarter on Thursday, Moody's Corp. (MCO) narrowed its earnings, adjusted earnings and revenue growth guidance range for the full-year 2024.

RTTNews | 371 dias atrás

Moody's Cuts Signature Bank's Rating To Junk

Moody's Investors Service has downgraded the ratings of the collapsed Signature Bank to junk, and will withdraw its ratings for business reasons. The rating agency also put the following six banks under review before deciding on downgrading them - First Republic Bank, Zions Bancorp., Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corp.

RTTNews | 786 dias atrás

Swiss Market Ends Moderately Lower

After a positive start and a subsequent mild setback, the Switzerland market recovered and stayed firm till a little past mid afternoon on Thursday, but turned weak and ended the day's session moderately lower. Investors digested the monetary policy moves of the Federal Reserve and the Bank of England, and reports about the U.S. and the U.K. striking a trade deal.

RTTNews | 1h 4min atrás

European Stocks Close On Firm Note On Easing Trade Tensions

European stocks closed on a firm note on Thursday with investors reacting to earnings, and news about an impending trade deal between the U.S. and the U.K., and digesting the Bank of England and the Federal Reserve's monetary policy moves.

RTTNews | 1h 24min atrás

Canadian Market Firmly Higher; Energy, Consumer Discretionary Stocks Rise

The Canadian market is firmly placed in positive territory a little past noon on Thursday with stocks from energy, communications, healthcare and consumer discretionary sectors contributing to the upmove.

RTTNews | 2h 5min atrás

U.S. Wholesale Inventories Climb Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing wholesale inventories in U.S. increased by slightly less than expected in the month of March. The report said wholesale inventories rose by 0.4 percent in March after climbing by an upwardly revised 0.5 percent in February.

RTTNews | 3h 44min atrás

U.S. Labor Productivity Decreases For First Time Since 2022

The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs. The report said labor productivity fell by 0.8 percent in the first quarter after jumping by an upwardly revised 1.7 percent in the fourth quarter of 2024.

RTTNews | 4h 18min atrás

EURUSD	1.1227	GBPUSD	1.3251	AUDUSD	0.63973
USDJPY	145.845	USDCAD	1.39308	USDCHF	0.83115

Advertisement

Moody's Slashes FY22 Outlook - Update