Us Credit Outlook News

finance2 years ago•3 min saved

"Key Pre-Market Insights for Monday's Stock Market Opening"

Moody's decision to cut its U.S. credit outlook to negative, the looming government shutdown, and upcoming earnings reports from major U.S. retailers like Walmart and Target are among the key factors that could impact the stock market this week. Additionally, Novo Nordisk's drug Wegovy shows promising results in reducing the risk of heart attack and stroke, while Walt Disney's latest Marvel film, "The Marvels," had a weak domestic box office opening, prompting the company to reassess its approach to the franchise.

via CNBC|

#finance #government-shutdown #novo-nordisk

economy2 years ago•3 min saved

Moody's Shifts U.S. Credit Outlook to Negative Amid Political Turmoil

Moody's has lowered its assessment of the U.S. credit outlook from "stable" to "negative," indicating America's worsening fiscal standing and the implications of political dysfunction. This comes after Fitch downgraded the U.S. credit rating in August. The rating suggests lower confidence in the government's ability to pay its debt obligations and raises concerns about potential defaults. The ongoing political issues, including infighting among House Republicans and the increasing debt load, threaten the U.S.' ability to address these challenges. The news could impact the economy, potentially leading to stock market losses and increased interest rates on loans. A U.S. default on its debts would have catastrophic consequences, damaging the government's reputation and causing economic turmoil. The White House blames Republican extremism and dysfunction, while Republicans point to the failure of President Biden and Democrats' spending agenda.

via Forbes|

#debt-ceiling #economy #government-shutdown