Moody’s Investors Services may downgrade its credit ratings on six major U.S. banks, including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp., and downgraded its debt ratings on several small and mid-sized banks as part of a rash of rating actions on U.S. banks late Monday.
Beth Pinsker: If you want to avoid student loans, it’ll cost your parents 57% of the total price of college
Even with borrowing, typical parents still cover 40% of the cost of college out of their own pockets.
Dow Jones Newswires: China’s exports fall more than expected in July
China’s exports fell more than expected in July, dragged by continued weakness in global demand, official data showed Tuesday.
: Billionaire Charlie Ergen reportedly set to merge Dish, EchoStar
Billionaire Charlie Ergen may combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp., the Wall Street Journal reported Monday night.
: Union files charge over violence against striking L.A. hotel workers, organizers
As charge filed with the National Labor Relations Board, hotels accuse striking workers of disturbing the peace.
In One Chart: A $1.8 trillion wall of corporate debt coming due could cost jobs, Goldman warns
Corporations are likely to feel the bite of higher rates as an estimate $1.8 trillion of corporate debt matures in the next two years, potentially costing jobs, according to Goldman Sachs.
The Ratings Game: Why Fortinet’s record selloff was overdone and Cloudflare’s stock got ‘way ahead of itself’
Cybersecurity stocks underperformed Monday as analysts digested recent earnings in the volatile sector.
Earnings Results: IFF stock plunges nearly 20% as inventory costs fuel big miss, sales outlook cut
IFF shares fell off a cliff after hours Monday after the company said the cost of writing down inventory jumped, and cut its sales forecast for the year.
Earnings Outlook: Kyndryl’s stock rallies more than 15% after IBM spinoff forecasts pretax profit this year
Kyndryl shares rallied after hours Tuesday after the managed infrastructure-service company forecast pretax profit this year.
Earnings Results: Palantir announces $1 billion buyback program, stock rises after earnings
Palantir matched expectations with its latest quarterly results Monday while announcing a new $1 billion buyback authorization.
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