CNNMoney: Stocks set to riseupdated: Fri Jul 13 2012 08:48:00
U.S. stocks were poised to open higher Friday in the wake of JPMorgan's second-quarter earnings and disclosure that it has lost $5.8 billion on a trading blunder so far this year.
Market analyst Michael Hewson weighs in on the impact Moody's bank downgrades have on the markets.
Asian markets traded lower Friday after ratings agency Moody's downgraded the credit scores of some of the world's largest banks.
CNN's Felicia Taylor reports on 15 major banks downgraded by rating agency Moody's.
U.S. stocks were headed for a mixed open Friday, a day after plunging on fears of slow global growth ahead of Moody's downgrade of several major banks.
CNN's Ali Velshi talks to Wolf Blitzer about what it really means for account holders amid the recent Moody's downgrade.
The health of several of the world's biggest banks has been called into question following the decision by Moody's to downgrade their credit ratings.
CNN's Matthew Chance reports on the uncertainty in Greece surrounding the growing demand for austerity measures.
Asian markets opened lower on the news that credit ratings agency Moody's has cut the rating of Spain to the edge of "junk" status.
U.S. stocks closed more than 1% higher Thursday as positive domestic economic data comforted investors nervous about Greece's ability to secure a second bailout.
Moody's put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.
U.S. stocks were poised to open lower Thursday, as nervous investors continue to question whether Greece will secure a second bailout.
Five big U.S. banks were among 17 global institutions placed under review for downgrades Thursday by the rating agency Moody's, reflecting the ongoing economic pressures from Europe's fiscal crisis.
U.S. stocks recovered from earlier losses late Tuesday to closed mixed amid an uncertain situation in Greece, where political leaders are scrambling to secure a second bailout and avoid a default.
U.S. stocks were set to open little changed Tuesday as jittery investors were faced with mixed signals out of Europe amid continued anxiety over the continent's debt crisis.
Moody's cut the credit ratings of six European countries on Monday amid continued anxiety over the continent's debt crisis and its sluggish economy.
CNN's Max Foster talks to Pimco CEO, Mohamed El-Erian, about the bond market pressures in Europe.
U.S. stocks tumbled in a broad sell-off Monday amid growing investor doubt that Europe's debt crisis will actually be resolved, and a sales warning from chipmaker Intel.
U.S. stocks pointed to a lower open Monday as investors remained uncertain about the debt crisis in Europe.
Two of the three major rating agencies have now decided to keep the United States credit rating in place, despite the congressional super committee's failure to reach an agreement on deficit cuts.
Stocks capped off a brutal day on Wall Street down 2%, as investors remained on edge about the lack of progress leaders have made solving U.S. and European debt problems.
European stocks were getting slammed Monday, after Moody's Investors Service issued a dire warning on French bonds, and Asian markets were dampened by pessimistic remarks made by a high-ranking Chinese official.
France warned on Tuesday that European unity would be at risk if eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend.
CNN's John Defterios reports on the impact of the economic crisis on the people of Greece.
Moody's Investors Services downgraded 12 financial institutions in the United Kingdom early Friday, saying it's less likely that UK authorities will provide future support if needed.
In another sign of the tough financial conditions in Europe, Moody's on Tuesday cut Italy's credit rating by three notches and assigned it a "negative outlook."
As if the European markets needed more bad news, Moody's Investors Service downgraded eight Greek banks on Friday.
When Moody's downgraded three banks on Wednesday, it gave a big thumbs up to the Dodd-Frank Wall Street reforms that aim to ensure there won't be any more big bank bailouts.
Moody's has declared the era of "too big to fail" over.
Swiss banking giant UBS lost more than previously thought due to unauthorized trading, it announced Sunday, putting losses at $2.3 billion, up from earlier estimates of $2 billion.
Police charged a bank trader with fraud Friday, a day after he was arrested in connection with the discovery of unauthorized deals at Swiss banking giant UBS.
CNN's Atika Shubert reports on the arrest of a man on suspicion of fraud that cost UBS $2 billion.
Wall Street was headed for a third day of gains Wednesday following a rally in European stocks on renewed talk about the possibility of a Eurobond and after Moody's downgraded two French banks.
Underscoring the uncertainty about Europe's financial system, two major French banks -- Societe Generale and Credit Agricole -- were downgraded Wednesday due to their exposure to the debt of Greece and other weak eurozone nations.
European markets plunged Monday amid continuing concerns that Greece might default on its loans and Moody's Investors Service might downgrade a number of French banks.
The Japanese government announced a plan aimed at weakening its currency, without directly intervening.
Moody's Investors Service explained Monday why it was sticking with its triple-A bond rating and negative outlook for the United States, setting itself apart from Standard & Poor's, which downgraded the U.S. last week.
A credit rating is an informed opinion. Nothing more. Nothing less.
Standard & Poor's move lowering the U.S. credit rating from AAA to AA+ shook global markets over the weekend as traders reacted to the news.
Investors lose their nerve as EU and U.S. debt crisis weakness drags on. CNN talks to Mark Konyn, CEO of Asia Pacific.
Credit rating agency Moody's said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to "negative."
The big rating agencies may eventually downgrade the debt of the United States. But it looks like Wall Street is already downgrading the stocks of the big rating agencies.
Neither of the debt ceiling bills before Congress would meaningfully alter the country's debt trajectory and thus won't bolster the United States' chance of preserving its AAA rating, a key rating agency said Friday.
Moody's Investors Service downgraded six regions of Spain on Friday, and warned that other regions could also face a downgrade.
Rating agency officials declined to rate competing political plans to allow the United States to borrow more and cut deficits during a congressional hearing Wednesday.
Moody's Investors Service downgraded Greece again Monday, to one class above default, following a new bailout package from its European neighbors.
International credit rating agency Moody's announced Monday it has once again downgraded Greek's sovereign debt rating - just four days after European leaders agreed on a second bailout for the debt-strapped nation.
Moody's Investors Services placed five states on review for possible downgrade if the United States fails to resolve its debt ceiling impasse and has its own stellar credit rating downgraded.
Credit rating agency Moody's dinged a key backup plan to raise the debt ceiling Monday, and said the United States would be better off if the ceiling was eliminated entirely.
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?
Former Federal Reserve Chairman Paul Volcker says he doesn't like the role of ratings agencies in the debt crisis.
The political infighting in Washington took on global importance Thursday when the ratings agency Standard & Poor's released a report saying it would downgrade the world's largest economy's credit rating if a deal to raise its debt ceiling is not agreed on soon.
Senate Democrats and officials from leading business groups have been warned that the country's credit rating could be downgraded even before an interest payment is missed.
U.S. stocks were headed for slight gains at Thursday's open, despite a warning from Moody's of a possible downgrade to U.S. debt that is sure to weigh on markets.
The public pressure on lawmakers to raise the debt ceiling was ratcheted up Wednesday when a major rating agency said it would put the sterling bond rating of the United States on review for possible downgrade.
U.S. stocks were headed for a sharp sell-off at Friday's open, following a weak report from the government showing a disappointing slowdown in job growth.
U.S. stocks plunged into a deep sea of red on Thursday, as economic fears at home and political concerns in Saudi Arabia weighed heavily on investor sentiment.
Asian markets fell sharply and stocks in Europe were also under pressure Thursday, following China's surprise trade deficit and another downgrade of Spain's credit rating.
Moody's Investor Service downgraded Spain on Thursday over concerns about its sluggish economy and the central government's questionable ability to control finances throughout the country.
Surging oil prices continued to rain on the stock market's parade at the start of the week. Add a lagging tech sector and Greece's latest debt woes to the mix, and Monday was a downer to say the least.
Moody's downgraded debt ratings for Egypt, and slapped the nation wracked by political turmoil with a negative outlook, the ratings agency said Monday.
States' debt loads are high enough, but when you combine them with their pension obligations, the numbers are really eye-popping.
U.S. stocks rose modestly Tuesday but managed to close at their highest levels in more than two years as investors set their sights on 2011.
U.S. stocks were set to open higher Tuesday morning, following a global market rally and as investors set their sights on 2011.
Stocks in China surged Friday after Moody's Investors Service said it may raise the nation's debt rating.
The capital city Pennsylvania is broke and will be skipping this month's multi-million dollar bond payment.
Stocks closed higher Monday, recovering from earlier weakness, as optimism about corporate results due this week outweighed ongoing concerns about the economy.
CNN's Colleen McEdwards speak to CNN.com's Kevin Voigt on the power wielded by credit rating agencies.
Moody's Investors Service cut BP's long-term rating by three notches Friday, marking the second downgrade in a month, citing the worsening impact of the oil disaster.
Think Greece and Spain are drowning in debt? Look a little closer to home. Seven U.S. cities recently had their municipal bonds downgraded below investment grade. Their debt is now junk, considered more worthless than that of the so-called PIIGS.
The Securities and Exchange Commission is about to start requiring credit-rating agencies and the companies they rate to publicly share the information used in those ratings. The SEC hopes opening the books will encourage other ratings shops to sound off, providing an independent check on abusive 'ratings shopping', and giving smaller agencies a better chance to compete.
A day after European leaders agreed on a $900 billion rescue package, credit rating agency Moody's cautioned investors that two of the euro zone's hardest hit countries aren't out of the woods just yet.
The legal noose is tightening around credit ratings agencies, for practices past and future. Just this week a federal court decision allowed a fraud case against Moody's and Standard & Poor's to move into discovery, dismissing the defendants' claim that their ratings are essentially editorial opinion and hence protected by the First Amendment.
Until now, banks have been taking much of the heat for the recent financial crisis. But the credit rating agencies that blessed dodgy mortgage backed securities are coming under fire too.
During a hearing on Capitol Hill Friday, a former Moody's executive said he didn't know that hedge fund Paulson & Co. was involved in the selection of securities for a controversial Goldman Sachs portfolio.
The United States isn't in jeopardy of losing its gold-plated credit rating, though by one measure America is closer to the ratings-downgrade danger zone than Spain.
Stocks ended mixed Monday, fighting back from big losses, as investors weighed Moody's warning about the United States' AAA rating and a proposed bank regulation bill ahead of Tuesday's Federal Reserve meeting.
Moody's Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure unless economic growth was more robust than expected or tougher actions were taken to tackle the country's budget deficit.
After four months of gains, home prices flattened in October. Worse yet, industry insiders think that they'll soon start to fall.
Currency markets were little-disturbed by a downgrade of Greece's government bond rating by Moody's on Tuesday, but sterling took a hit after revised UK growth data disappointed.
Back two years ago when the mortgage meltdown was heating up, we wrote an article called "Junk Mortgages Under the Microscope" dissecting a particularly wretched mortgage-backed securities issue peddled by Goldman Sachs.
What to do with Wall Street's gluttonous gatekeepers?
The Obama administration sent Congress its latest plan to spruce up the much maligned credit rating business. But the proposal sidesteps a key issue, and legislators don't seem to be in any rush to act on it.
Is the government going to make life even tougher for Standard & Poor's, Moody's and other credit rating firms?
To pay for the massive stimulus plan, bank bailout and other spending, the government is taking on a record amount of debt, issued in the form of government bonds. If no one buys this debt, it could push up interest rates and increase how much you pay for loans on homes, cars and credit cards.
Credit-rating giant Moody's Investors Service published a list of companies Tuesday that it believes are most likely to default on their debt.
Government officials urged credit rating agencies Wednesday to rethink the way they rate municipal bonds, arguing that the current system saddles local governments and taxpayers with unnecessary costs.
If the bond insurance crisis worsens, banks and securities firms may have to sock away billions of dollars more in reserves, Moody's Investor Services said in a report published Tuesday.
Moody's Investors Services said Monday it is considering changes in its rating system, including how it appraises mortgage-related securities, which plummeted in value as a result of the ongoing credit crisis.
Moody's Investors Service has questioned whether claims by private equity firms that they invest on a longer-term basis than public companies and are able to attract stronger management teams are justified.
Money Magazine: Rating Bonanzaupdated: Sat Feb 01 2003 00:01:00
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