On 16 May, Moody’s Ratings became the last of the three major credit rating agencies to lower its estimate of the U.S. government’s creditworthiness.
Tag: U.S. Economy
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SPOTLIGHT: BIGS GETTING BIGGER
3G Capital, a low-key private equity firm best known for helping Warren Buffet merge food giants Kraft and Heinz, is taking shoe company Skechers private for $9.4 billion in cash.
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RESTAURANT HOLDING COMPANY’S EARNINGS MISS EXPECTATIONS
Restaurant Brands International, which owns Burger King, Firehouse Subs, Popeye’s, and Tim Horton’s, reported first-quarter revenue of $2.11 billion, slightly short of the $2.13 billion analysts had foreseen.
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U.S. EV SALES HIT A SPEED BUMP IN APRIL
Last month, U.S. sales of electric vehicles (EVs) fell 5 percent below March’s volume while the country’s overall car market grew by 10 percent, data service Motor Intelligence reported.
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U.S. CORPORATIONS WILL BUY BACK A RECORD $518 BILLION IN SHARES
Flush with cash from a multi-year stock market rally, continued consumer spending, and a robust earnings season, American corporations have announced plans to repurchase a record $518 billion worth of their own shares in 2025.
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FED HELD RATES STEADY AS IT BRACES FOR TARIFFS’ IMPACT
The U.S. Federal Reserve left its key interest rates unchanged at last week’s meeting and warned that risks are rising that Donald Trump’s tariff campaign will raise prices and eliminate jobs.
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ECONOMIC UPDATE—MARKET OVERVIEW
Once again, another day of Donald Trump in the White House, and another day of him playing The Trump Card. And with each play of the Trump Card, it is another day of the world wondering what will be the next Wild Card that will be dealt.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
Faced with the loss of U.S. trade as Donald Trump’s tariff war began to take hold, China’s factory output shrank in April by the most in the past 15 months, the Financial Times reported.
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GLOBAL CRYPTO PLATFORMS PLAN OFFICES IN U.S.
Encouraged by Donald Trump’s enthusiasm for digital assets and his administration’s moves to rescind strict oversight measures, cryptocurrency trading platforms are actively looking to open outlets for U.S. customers.
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IBM PLANS TO INVEST $150 BILLION IN U.S. BY 2030
IBM will invest $150 billion in its U.S. computer production facilities by the end of this decade, the company announced last week.