Moody's Narrows FY24 Outlook Range - 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 244 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 784 Tagen

Moody's Slashes FY22 Outlook - Update

While reporting financial results for the third quarter on Tuesday, Moody's Corp. (MCO) slashed its earnings, adjusted earnings and revenue growth guidance for the full-year 2022.

RTTNews | vor 924 Tagen

U.S. Trade Deficit Surges Much More Than Expected In March

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.

RTTNews | vor 9 Minuten

Bay Street Likely To Open On Mixed Note

Canadian shares may be weighed down on Tuesday by U.S. President Donald Trump's announcement on Monday that he is likely to announce pharmaceutical tariffs soon. The Federal Reserve's monetary policy announcement, due on Wednesday, is also in focus. However, higher crude oil and metal prices could trigger some buying in energy and materials space.

RTTNews | vor 21 Minuten

Philips Cuts FY25 Margin View On Tariffs, Despite Higher Q1 Income, Orders; Stock Down

Shares of Royal Philips N.V. were losing around 3 percent in the mid-day trading in Amsterdam, as well as around 5 percent in pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday trimmed its margin forecast for fiscal 2025 to reflect the estimated net tariff impact of 250 million euros to 300 million euros. Further, the firm maintained annual sales view,...

RTTNews | vor 1Std 25 Minuten

FTSE 100 Down Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with traders back to trading after a long weekend. Investors are awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.

RTTNews | vor 1Std 26 Minuten

Yen Rises Amid Risk-off Mood

The Japanese yen strengthened against other major currencies in the European on Tuesday, as European stocks traded lower as investors assessed the latest batch of earnings and awaited upcoming Fed and BoE meetings.

RTTNews | vor 1Std 36 Minuten

EURUSD	1.13357	GBPUSD	1.33878	AUDUSD	0.64655
USDJPY	142.624	USDCAD	1.38015	USDCHF	0.82405

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Moody's Narrows FY24 Outlook Range - Update