Latest Moody's Corporation News
Bitcoin briefly hits an all-time high, less than two years after FTX scandal clobbered crypto
NEW YORK (AP) — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. The world's largest cryptocurrency jumped 4% this week and briefly surpassed $68,800 Tuesday,...
One year after buying a failed bank, New York Community Bancorp is struggling
A New York bank is under severe pressure Friday close to one year after absorbing a large chunk of another bank 30 miles (50 kilometers) away that had failed. Shares of New York Community Bancorp plunged after longtime CEO Thomas Cangemi, who has spent much of this year reassuring...
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
LOS ANGELES (AP) — Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from...
Mexico will likely elect a woman as its next president, but money to govern is already being spent
MEXICO CITY (AP) — Mexico is almost certain to elect its first female president in June — both leading candidates are women — but it’s almost equally as certain that she won’t have much room to act independently of outgoing President Andrés Manuel López Obrador. The...
Moody's: Q4 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Moody's Corp. (MCO) on Tuesday reported fourth-quarter net income of $340 million. On a per-share basis, the New York-based company said it had profit of $1.85. Earnings, adjusted for amortization costs and restructuring costs, came to $2.19 per...
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
TEL AVIV, Israel (AP) — Israel's finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating, saying the announcement is a “political manifesto” that “did not include serious economic claims.” Moody’s...
New York Community Bancorp tries to reassure investors as stock continues to wobble
NEW YORK (AP) — New York Community Bancorp tried to reassure investors Wednesday that it is financially sound, a day after the bank's credit rating got downgraded to “junk.” Shares of NYCB recovered from steep losses earlier in the day to close with a gain of 6.7%, but are...
Some Americans have become saddled with credit card debt as rent and everyday prices remain high
NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years. Experts worry that members of these groups -- mostly lower- and middle-income...
