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An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
Long-term US borrowing costs surged to their highest level since late 2023 on Monday, as a fresh downgrade of the country’s ...
The US already lost its top credit rating from S&P in 2011 ... Reddit (RDDT) is down more than -4% after Wells Fargo Securities downgraded the stock to equal weight from overweight.
The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody's downgraded ... other analysts at Wells Fargo Investment ...