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.
2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side 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 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 close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
singapore, this is bbc news. it s newsday. hi there. thank you for being with us. wheat will have the latest as prince william visits singapore later but we will begin with our daily update on the situation in gaza. it is now overfour situation in gaza. it is now over four weeks since the start of the war by hamas and our correspondences tonight bombardment is the most intense in the campaign so far. israel s military said it has split gaza into two parts, north and the south. a humanitarian pause has been one of the main points on the agenda by the us secretary of state antony blinken. he said the force would advance several priorities including getting more aid into gaza and getting the hostages out. we begin our coverage with this report from yogita limaye. the bombing of gaza has intensified tonight, communication lines have also been cut off, which means tomorrow will likely begin for many gazans like today did. digging through rubble, looking for families and survivors.
raised its production guidance for the full year. michelle fleury reporting there. elsewhere on wall street this morning, nine companies including wells fargo have been fined more than half a billion dollars because of their employees use of messaging apps. employed in according to the security and exchange commission the companies admitted employees used things like whatsapp and signal to discuss company business in direct violation of the record keeping rules. meanwhile, co working giant we work said there is substantial doubt about its ability to continue operating. and its latest earnings report the company also cited an increase in council memberships to its shared office spaces, wework has said the next 12 months will be focused on issues like reduced rental costs and increasing revenue. shares in the company are down 20% in after hours trading. china has