Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
An audit exit if this is put in charge of this years climate complement. And a look at whats happening in the front line town of soledar as russia and ukraine fight for control. Welcome to the programme. We start with the controversy in washington. The white house has confirmed that a second set of classified documents has been found in the garage of President Biden s home in delaware. Its thought the documents are linked to Barack Obamas time in the white house Whenjoe Biden was Vice President. And in the last half hour, us Attorney General Merrick Garland announced the appointment of Special Counsel to investigate joe biden s handling of the documents. This Appointment Underscores for the public the departments commitment to independence and accountability in particularly sensitive matters and to Making Decisions guided only by the facts and the law. Heres what the us president told reporters a little earlier. As i said earlier this week, and by the way my corvette in a locked garage
an audit exit if this is put in charge of this years climate complement. and a look at what s happening in the front line town of soledar as russia and ukraine fight for control. welcome to the programme. we start with the controversy in washington. the white house has confirmed that a second set of classified documents has been found in the garage of president biden s home in delaware. it s thought the documents are linked to barack obama s time in the white house whenjoe biden was vice president. and in the last half hour, us attorney general merrick garland announced the appointment of special counsel to investigate joe biden s handling of the documents. this appointment underscores for the public the departments commitment to independence and accountability in particularly sensitive matters and to making decisions guided only by the facts and the law. here s what the us president told reporters a little earlier. as i said earlier this week, and by the way my corvett