Bloomberg

Bloomberg
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Fitch downgrades US credit rating
INVESTING FIXED INCOME AUG 01, 2023
Fitch downgrades US credit rating

In cutting its rating on US sovereign debt to AA from AAA, Fitch cited 'repeated debt limit standoffs and last-minute resolutions.'

Goldman wealth exec exits abruptly
YOUR PRACTICE PRACTICE MANAGEMENT AUG 01, 2023
Goldman wealth exec exits abruptly

Lisa Opoku, a Goldman partner, had been running the firm's family office for its top brass since last year.

Stocks down on mixed earnings, dollar up slightly
NEWS INDUSTRY NEWS AUG 01, 2023
Stocks down on mixed earnings, dollar up slightly

Apple and Amazon earnings are due this week.

Oppenheimer predicts record for S&P 500 by year-end
INVESTING EQUITIES AUG 01, 2023
Oppenheimer predicts record for S&P 500 by year-end

The asset manager's chief investment strategist has Wall Street’s most bullish forecast.

FTX draft bankruptcy plan could see cash for creditors
NEWS INDUSTRY NEWS AUG 01, 2023
FTX draft bankruptcy plan could see cash for creditors

But the size of the pool of claims means they are unlikely to get back what they invested.

Patchy signals on rates leave markets uncertain
NEWS INDUSTRY NEWS JUL 31, 2023
Patchy signals on rates leave markets uncertain

Mixed data is adding to the confusion for investors as the month ends.

Morgan Stanley's Wilson says stock rally is similar to 2019
INVESTING EQUITIES JUL 31, 2023
Morgan Stanley's Wilson says stock rally is similar to 2019

The strategist says that there should be more to come and is open to an economic upturn ahead.

Tech in favor, but investors wary of AI hype
INVESTING EQUITIES JUL 31, 2023
Tech in favor, but investors wary of AI hype

Survey reveals investors plan to increase tech allocations but are unsure about how much artificial intelligence will upend business.

Bonds sell-off gains momentum, Intel gains 8% pre-market
NEWS INDUSTRY NEWS JUL 28, 2023
Bonds sell-off gains momentum, Intel gains 8% pre-market

Bonds were impacted by the BoJ's decision to loosen its grip on yields, meanwhile corporate earnings season continues.

Binance accuses CFTC of overreach, wants charges dropped
NEWS INDUSTRY NEWS JUL 28, 2023
Binance accuses CFTC of overreach, wants charges dropped

World's largest crypto exchange and its founder say the regulator's case is outside its remit and that its case is unsound.