Aug 19 (Reuters) – S&P Global on Monday affirmed its “AA+” credit rating on the U.S., saying the revenue from President Donald Trump’s tariffs will offset the fiscal hit from his massive tax-cut and spending bill. Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled…
U.S. stock sold off sharply on Monday, with major indexes posting their steepest declines of the year amid growing signs that the economy may be on weaker footing than previously believed. The S&P 500 dropped 2.69 percent, its worst day in months, while the Nasdaq Composite plunged 4.00 percent, driven by sharp losses in technology…
The stock market swooned Wednesday in response to a piece of news that might not seem all that dire on first read: The Federal Reserve could cut interest rates fewer times than experts had predicted, in 2025. The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly…