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.
spending project in united states history. where is that money going to go? dan henninger writes that as soon as the bill is signed, covid is over. we ll talk about that when he and jason riley joins us. prince william speaking out about his brother s accusations. a royal insider that has more on harry and meghan with brand new response to the latest from prince william on this story that everybody is paying attention to. first, it is the case that caught the attention of the entire country. it s celebrated the black lives matter movement. third degree murder is now back on the table for derrick chauvin. he charged in the killing of george floyd. this broadened the possibility for the jury in their decision and that jury selection is underway. it s a difficult process as you might imagine. some are asking to be removed for fear of what could happen to them or their families. watch this. can you tell us why you weren t sure? it s more from a safety standpoint. as far as i
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