A viral AI image The weekend started off with a bang as the US credit rating was downgraded by Moody’s late in the day. That will start things on a soft footing but a few developments afterwards also aren’t promising: 1) Bessent’s reaction to the downgrade When he campaigned for the job of Treasury Secretary,
The UK Times (gated) interview with Prime Minister Starmer. From the report (bolding is mine): The prime minister is expected to announce broad plans for a youth mobility deal on Monday as part of a wider agreement with the European Union The deal will bring Britain into the closest alignment with the EU since Brexit
The recent decision by U.S. President Donald Trump to accept a luxurious Boeing 747-8 airplane valued at approximately $400 million from Qatar has ignited significant controversy in the United States, drawing legal, ethical, and political scrutiny. Many are asking: Is it legal for Trump to accept the airplane gift? Is President Trump Allowed to Accept
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Just as markets were finding their footing following a series of positive trade developments, Moody’s delivered a late-week shock by downgrading the US sovereign credit rating from Aaa to Aa1. The move overshadowed the optimism sparked by the US-China tariff truce and the broader de-escalation of trade tensions. The trade outlook appears less volatile in
AUD/NZD trades near the 1.0900 zone with minor losses on Friday. The pair maintains a bullish outlook despite mixed short-term signals. Key support is clustered below 1.0880, with resistance near 1.0920. The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.0900 zone as the market approaches the Asian session. Despite the
Moody’s Ratings The US government is in the middle of discussing a generational tax cut and Moody’s just voted. The ratings agency downgraded the full faith and credit of the USA to Aa1 from Aaa. That means that all three ratings agencies have now removed the US top rating. The drop comes a year after
However, sentiment has suffered toward the backend of the week thanks in part to US data. Thursday’s data was PPI, Retail Sales and the NFIB small business optimism index and these revealed some concerns which have weighed slightly on overall sentiment ahead of the weekend. The biggest concern came from small businesses, who are getting
The Greenback is the best performer in majors after the morning session, as U. of Mich. Consumer Sentiment missed, which did not move markets. Gold is down about 1.5% as last month flows keep on reverting. USD leads a calm trading session The Dollar has held above the 101.00 mark on its DXY Dollar Index,
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index. Investors are hoping that more clarity will come from the Trump administration on trade. The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged
Stock heatmap by FinViz.com Fri, 16 May 2025 14:46:14 GMT Sector Overview Today’s stock market presents a mixed bag of performances across various sectors. Let’s delve into each area to understand the driving forces behind the numbers. 📈 Communication Services: Google (GOOG) surged by 1.98%, highlighting a strong performance in this sector. However, Meta (META)
