The Latest Breaking News from Moody

Evaluating Investment Opportunities in PNC Financial Services (PNC) and Citigroup (C) Ahead of Earnings

The PNC Financial Services (PNC) and Citigroup (C) are scheduled to release their third-quarter earnings soon. In this piece, I discussed whether investing in these two stocks would be worth it before they report their numbers. Read on….

StockNews.com · Oct 12, 2023

Why McCarthy’s ouster as Speaker could make everything less affordable for everyday Americans

Investors are either increasingly unwilling or unable to finance a dysfunctional U.S. government, and this risks pushing borrowing costs for Americans higher.

Fortune · Oct 4, 2023

US government shutdown averted. What happens next?

Congress has passed a stopgap measure, but will lawmakers agree on detailed spending bills for the entire fiscal year?

Al Jazeera · Oct 1, 2023

A US gov’t shutdown could negatively affect its credit, Moody’s warns

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

Al Jazeera · Sep 25, 2023

Tata Steel raised to investment grade by Moody’s

Moody’s Investors Service upgraded Tata Steel Ltd’s long-term rating with a stable outlook on expectation of an improvement in profits and its debt reduction efforts.

The Times of India · Sep 25, 2023

3 Bank Stocks With Impressive Gains Worth Investor Attention

Amid the growing challenges of ratings downgrades by top credit rating agencies and higher deposit costs, it could be wise to look beyond borders and buy fundamentally strong foreign banking names Commerzbank (CRZBY), Intesa Sanpaolo (ISNPY), and Banco BBVA Argentina (BBAR), which have delivered impressive returns. Read more….

StockNews.com · Sep 25, 2023

Aadhaar unreliable in ‘hot, humid’ India: Moody’s

Moody's flags concerns about security and privacy vulnerabilities in centralised ID systems like India's Aadhaar. It notes service denials, biometric reliability issues, and the burden of authorization. It suggests decentralised ID systems, which offer users more control of their data and reduce online fraud.

The Hindu · Sep 24, 2023

Loose lending and inadequate auditing: central government’s role in the local council disaster

Councils’ decision-making caused the worst failures, but lack of Westminster oversight is also to blame

The Guardian - UK · Sep 19, 2023

Byron Allen, one of America's most prominent Black businessmen, just reportedly bid $10 billion for broadcasting giant ABC in a bold move that would cap a stunning M&A record

Byron Allen was once the youngest stand-up in the history of Johnny Carson's "Tonight Show." Now he's a mogul in the mix with Bob Iger's Disney TV sale.

Fortune · Sep 15, 2023

Bank of America (BAC) vs. Wells Fargo (WFC) vs. JPMorgan (JPM): Which Bank Stock Has Better Momentum Behind It?

The U.S. banking industry currently faces challenges like rising deposit costs, rating downgrades, slowing loan growth, stricter lending standards, etc. Therefore, watching the momentum of major banks like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) could offer investment opportunities. Let’s find out which of these stocks…

StockNews.com · Sep 12, 2023