It is the 19th of September 2019

News

"This Is Textbook" - Military Officials Defend Trump Administration's Puerto Rico Response

A steady drumbeat of criticism accusing the White House of not doing enough to hasten the federal government’s relief effort in Puerto Rico has metastasized into yet another political dogfight, as President Trump and the White House respond to an outpouring of outrage from celebrities, politicians and local officials over the administration’s purported inaction over the response.

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Deutsche Bank Downgraded, Fitch "No Longer Expects Franchise To Recover This Year"

Fitch has downgraded Deutsche Bank to BBB+ from A- due to continued pressure on earnings, combined with concerns over the prolonged implementation of its recovery strategy.

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Pound Flash Crashes After Moody's Downgrades UK To Aa2

In an otherwise boring day, when Theresa May failed to cause any major ripples with her much anticipated Brexit speech, moments ago it was Moody's turn to stop out countless cable longs, when shortly after the US close, it downgraded the UK from Aa1 to Aa2, outlook stable, causing yet another flash crash in the pound.

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Fedex Tumbles After Missing Revenue, EPS, Guiding Lower; Blames Hackers, Harvey

The earnings season is starting off on the back foot for global trade as moments ago, the company considered the world's logistics bellwether, Fedex, reported revenue and earnings that both missed badly.

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