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 | vor 246 Tagen

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 | vor 371 Tagen

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 | vor 786 Tagen

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 | vor 26 Minuten

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 | vor 1Std 0 Minuten

U.S. Weekly Jobless Claims Dip Slightly More Than Expected

First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | vor 1Std 6 Minuten

Bank Of England Cuts Key Rate By 25 Bps Amid Trade Tariff Concerns

The Bank of England reduced its interest rate by a quarter-point on Thursday, as policymakers judged that higher trade tariffs warrant such action amid slowing inflation. In a three-way split, the Monetary Policy Committee, governed by Andrew Bailey, lowered the bank rate to 4.25 percent. This was the fourth such reduction since last August.

RTTNews | vor 1Std 6 Minuten

Indian Rupee Falls To Near 4-week Low Amid India-Pakistan Tensions

The Indian rupee weakened against the U.S. dollar in the European session on Thursday, as growing concerns over escalating India-Pakistan tensions curbed investors' appetite for risk.

RTTNews | vor 2Std 15 Minuten

EURUSD	1.12843	GBPUSD	1.33099	AUDUSD	0.64134
USDJPY	144.981	USDCAD	1.38942	USDCHF	0.82663

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Moody's Slashes FY22 Outlook - Update