China may start its own credit rating agency, according to the Financial Times. The success of this business would be nearly impossible. Troubled sovereigns already must deal with the analysts from...
The much-publicized recovery of the economy of the City of Detroit is barely a recovery at all. What was once the world’s auto capital continues to lose population and its tax base. In some...
A man hardly anyone in the U.S. has heard of — Leonardo Domenici, a member of the European parliament — has suggested that the body ban the ability of credit rating agencies to offer...
Ratings firms like S&P, Moody’s, and Fitch had such monstrously poor track records covering the risks of subprime financial instruments that the SEC may take a hand in regulating them...
The larger the budget, the greater the potential risk for waste, fraud, and abuse. And with $6.27 trillion in spending in fiscal 2022 – nearly double the combined expenditure of the top 10 Fortune...
Source: ThinkstockSmithfield Foods, Inc. (NYSE: SFD) should be enjoying a nice day-after in the sun now that it has answered activist investors with a new buyout offer for the company. The problem...
eBay was given high marks by the market this week when the company finally capitulated to the outside pressure by Carl Icahn.
PR firm Edelman, known for its Trust Barometer, faces criticism for greenwashing on behalf of fossil fuel companies.
Ford Motor Co. (NYSE: F) has just gotten good news, albeit on a day where good news is getting discounted.  Moody’s has upgraded the credit ratings of both Ford Motor Company and of Ford Motor...
The U.S. national debt has long been a point of contention in American politics, and recently, it has taken on a renewed urgency on Capitol Hill. Decades of deficit spending has pushed the national...
The International Energy Agency reported good news about supplies. Global oil inventories were boosted by as much as 1.2 million barrels a day in the first quarter as production from members of the...
Conflicting signals from the US housing market are nothing new. For every forecast that the situation is improving, there is at least one competing forecast that things are getting worse. Today we...
Credit rating agency Fitch Ratings has updated its global economic forecast and now expects the coronavirus pandemic to cause a global recession this year as economic activity tumbles by nearly 2%.
The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Walmart Inc (NYSE: WMT) which claims the world’s largest retailer “refused to accommodate...