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
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
authorised the armed forces to neutralise 22 gangs that are listed as terrorist organisations after masked gunmen stormed a tv studio during a live broadcast. a two month state of emergency is now in force. will grant sent this from the city of guayaquil. viewers in ecuador watched in disbelief as masked and armed gang members entered a state tv channel and held staff hostage all of it televised live. translation: they shot one of our cameramen in the leg. | broke the arm of another one. they were shooting bullets inside the studio. the police were called and came in minutes. the gang was soon arrested and the hostages released, but the tv station ambush was just part of the descent into chaos. panic as gunmen stormed guayaquil university, explosions around the country, schools and businesses shut down and widespread rioting inside ecuador s prisons. in response, president daniel noboa called a state of emergency and imposed a curfew. by decree, he designated 22 gangs, te
the government is preparing a new law to swiftly exonerate and compensate post office branch managers who were convicted over horizon it scandal. over a 15 year period until 2015, more than 700 people were wrongfully convicted of fraud, theft or false accounting, because the it system had produced shortfalls in their accounts. so far, only 93 have had their convictions overturned. mr sunak said it was the biggest miscarriage in british history and government would quickly right the wrongs of the past. here s our political editor chris mason. four nights of drama on the telly after two decades of injustice. and, just one week later. we come to questions for the prime minister. the most high profile moment of the week at westminster. the start of prime minister s question time. and rishi sunak said. mr speaker this is one of the greatest miscarriages ofjustice in our nation s history. today i can announce that we will introduce new primary legislation, to make sure that those c