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The Latest Breaking News from Moody

You need to make $135,000 to rent in New York

The necessary income to rent comfortably in the state has increased 22% in only five years, according to Moody’s.

Fortune

At Asda and Morrisons it was always about financial engineering

The need to keep the buyout arithmetic on track has been a drag on performance, and neither deal was aimed at growth

The Guardian - UK

Suburban Rail Loop cash gap may threaten credit rating

Global agency S&P has warned Victoria's credit rating could dive further if the state is forced to foot the rest of the bill for the Suburban Rail Loop.

AAP

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read the most diverse news in one place.

In the office space slump, Miami is winning

Big tech and billionaires are pushing people back to the office in Miami.

Fortune

Stock Market Today: Stocks End Wild Week With a Win

Palantir Technologies and Sweetgreen were two notable gainers Friday, while Intel continued to fall.

Kiplinger

An interest rate cut won’t fix the housing crisis

Rate cuts will help, but there’s still a shortfall of close to 2 million homes in the country, according to Moody’s.

Fortune

Thames Water breaches licence as part of its debt downgraded to junk

Move by ratings company Moody’s puts Thames in breach its operating licence but Ofwat likely to hold off on large fine

The Guardian - UK

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The Trump economy: Slower growth, higher prices and a bigger national debt

Plans to hike tariffs, tighten immigration and cut taxes are likely to crimp growth and fuel inflation, experts say.

Al Jazeera

Biden's exceptional economic performance

Joe Biden's administration has been incredibly successful at steering the economy away from recession

Salon

Skydance May Not Be Able To Rescue Paramount From Junk-Bond Status, Credit Rating Agencies Say

A lot of questions remain unanswered after David Ellison’s big deal, but Moody’s said it’s still ‘possible’ it could downgrade the conglomerate in the coming months

Broadcasting & Cable

Moody's Cuts Kenya Debt Rating Further Into Junk Territory

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes.

International Business Times

Moody's Cuts Kenya Debt Rating Further Into Junk

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes.

International Business Times

Office vacancies set a new all-time high, ‘breaking the 20% barrier for the first time in history’

“The slow bleed occurring in the office sector has led to a steady rise in the vacancy rate as permanent shifts in working behavior have outlasted the initial wave of the pandemic four years ago,” Moody’s said.

Fortune

Moody’s withdraws credit rating of Warrington council

Authority has debts of £1.8bn after years of local government funding cuts and has failed to find an auditor

The Guardian - UK

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Broadcasting & Cable

With Moody's Predicted To Cut Paramount to Junk Status, Is a Government Bailout of Hollywood Really Such a Crazy Idea?

The fed has done it for auto manufacturers and banks in the past, why not one of our biggest makers of culture, (whacky) showbiz trade asks?

Fortune

Commercial real estate bargain hunters are snagging offices for ‘extreme’ discounts up to 70%

“Office is clearly in the worst shape versus the other property types,” one executive says.

The Guardian - UK

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

Fortune

These are the 9 most rent-burdened cities in the U.S. where tenants spend more than one-third of their income on housing, Moody’s says

New Yorkers spend nearly 60% of their income per month on housing, the report shows.

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news in one place.

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AAP

Interest bill piling up on Victoria, state budget shows

Treasurer Tim Pallas is playing down Victoria's skyrocketing interest bill, with $9.4 billion to be ripped from state coffers annually within four years.

The Times of India

Italy survives S&P scrutiny of Giorgia Meloni’s worsened debt trajectory

Italy’s credit status remains intact at SP Global Ratings, which enacted the first major scrutiny on a worsened trajectory for debt foreseen by Premier Giorgia Meloni’s government.

Top News

China Stocks Dip Following US Inflation Report Impact

China stocks decline on US inflation report, impacting markets and key players. Moody's downgrades China Vanke. China's central bank increases gold reserve...

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