The Latest Breaking News from Fitch

The Times of London reported Morgan Stanley had bid to take up a quarter of Stonegate Group's distressed pub portfolio.

A shutdown is possible if Congress fails to provide funding for the fiscal year starting October 1.

Joe Biden has come out fighting against perceptions that he is handling the US economy badly. During an address in Maryland, the president contrasted Bidenomics with Trumpian “MAGAnomics” that would involve tax-cutting and spending reductions. He decried trickle-down policies that had, “shipped jobs overseas, hollowed out communities and produced soaring…

The US banking crisis triggered worries about the global banking system earlier in the year. Three mid-sized US banks, Silicon Valley Bank, Silvergate and Signature, fell in quick succession, driving down bank share-prices across the world.

As the title of this article implies, Steve Reitmeister believes now is the time to buy the dip for the stock market. Simply 4,600 was too high for the S&P 500 (SPY) given current conditions. And the recent trip down towards 4,300 is too low. The key is knowing which…

After facing several challenges earlier this year, the banking industry stabilized over the past few months. However, the recent concerns surrounding the rating downgrades keep banking stocks under pressure. Amid this uncertainty, what does smart money think about JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo & Company…

A market correction is underway as the major indexes and leading stocks broke key support this week amid surging Treasury yields.

Fitch Ratings emphasizes that the foremost concern for the global credit landscape remains centered on persistently high inflation

If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that's "a little bit on the high side."

With strong retail sales stoking interest rate worries and the growing risk of bank downgrades, the stock market could remain highly volatile in the near term. Amid an uncertain macroeconomic backdrop, should you invest in ETFs Vanguard FTSE Developed Markets (VEA) and WisdomTree Europe Hedged (HEDJ)? Read more to find…

Dow Jones fell after strong retail sales and the Minneapolis Fed's views of still-high inflation. Bank stocks fell on new Fitch warning.