Strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. That weve seen over the past 25 yeas that weve seen over the past 2. 5 ears. ,. , , 2. 5 years. Other democrats used the downgrade 2. 5 years. Other democrats used the downgrade as 2. 5 years. Other democrats used the downgrade as an 2. 5 years. Other democrats used the downgrade as an opportunityi the downgrade as an opportunity to point the finger at republicans. While Republicans Blamejoe Biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, Includingjp Morgan dismiss the downgrade, including Jp Morgan Chase ceo who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasurers, that is government ious, remain th
I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including Jp Morgan Chase downgrade, includingJp Mo
well, other chip making giants, like intel and well, other chip making giants, like inteland amd, well, other chip making giants, like intel and amd, reported their latest quarterly earnings last week. and they suggest the slowdown in the demand for personal computers and tablets may finally be easing, but a recovery could be a way off. market intelligence company idc estimates that the shipments will fall by 15% globally this year before rebounding in 2024. earlier, i spoke with the firm s mario morales on how close we are to the bottom for the slump of the pc market. we think the slump of the pc market. - think probably some time in the september time frame, think probably some time in the septembertime frame, maybe september time frame, maybe until october. septembertime frame, maybe until october. i think there are some areas like the cloud service provider space where you re still seeing some rationalisation of some inventory. the automotive industry remains resilient, but the pc
australia. the artwork for the community battery explores i australia. the artwork for the i community battery explores the indigenous concept that it s everyone s responsibility to care for the land. turning to earnings season now and singapore s largest bank, dbs group, has posted an almost 50% surge in the second quarter profits. that came in at a quarterly record high of almost $2 opinion 7 billion, beating expectations. the surge was driven by a stronger net interest income. now, qualcomm has reported the third quarter earnings with revenue at $8.4 billion, just missing estimates. the company forecasts that fourth quarter sales will come in below market expectations as well. qualcomm said that it could cutjobs as consumer spending on things like smartphones continue to be weak as global growth slows. well, other chip making giants