The Morning Financial Newsletter That's Ruffling Feathers.
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12/5/2023 Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis
Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, citing risks from a slowing economy and a crisis in its property sector. Moody’s said the downgrade, its first for China since 2017, reflects risks from financing troubles of local and regional governmen...
12/4/2023 Economists predict US inflation will keep cooling and the economy can avoid a recession
Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday.Only 24% of economists surveyed by the National Association for Business Economics said they see ...
12/1/2023 Stock market today: Wall Street extends its rally and closes at highest level since March 2022
A broad rally on Wall Street closed out a fifth straight week of gains for the market Friday, driving the S&P 500 to its highest level in more than a year.The benchmark index rose 0.6%, eclipsing its previous high for the year set in July. The Dow Jones Industrial Average closed 0.8% higher, whi...