Credit card and car loan delinquencies pass pre-Covid levels as consumers get squeezed
More Americans are failing to make payments on their credit cards and auto loans, another sign of rising financial pressure on consumers.
2023-08-10 23:23
Amazon deal lacks concrete measures, say climate activists
A summit in Brazil sees the countries that share the Amazon basin agree only to a new alliance on the issue.
2023-08-09 18:22
Americans' credit card debt hits a record $1 trillion
Americans' credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they've surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
2023-08-08 23:18
Moody's warns it could cut credit ratings of 6 big US banks
Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.
2023-08-08 19:57
Exclusive-Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week -sources
By Selena Li HONG KONG (Reuters) -Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid
2023-08-07 13:51
Former Treasury secretaries react to US credit downgrade
The US economy is resilient, but policymakers need to take the long view on the country's fiscal challenges, three former Treasury secretaries told CNN's Fareed Zakaria.
2023-08-06 22:54
Janet Yellen: Credit downgrade 'puzzling' and unwarranted'
Janet Yellen defends the US, as stock markets fall after credit downgrade.
2023-08-03 03:27
Fitch tells CNN why it downgraded America now
Fitch Ratings is defending its controversial decision to downgrade the US credit rating by pointing to the nation's mountain of debt.
2023-08-03 01:47
Factbox-Credit rating: The shrinking 'triple A' club
Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating by a notch to 'AA+' sending
2023-08-02 17:23
US banks report tighter credit, weaker loan demand -Fed survey
By Ann Saphir (Reuters) -U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during
2023-08-01 03:29
Mastercard demands US cannabis shops stop accepting debit cards
The issuer says its debit cards must not be used for legal cannabis, due to federal laws in the US.
2023-07-27 06:55
Moody's warns Israel faces 'significant risk' of political and social tensions that will harm its economy, security
The controversial overhaul of Israel's judicial system risks plunging the country into further turmoil that will hurt its economy and security, Moody's Investors Service warned on Tuesday.
2023-07-26 00:53