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Fitch downgrade highlights investor worries about US fiscal picture

The Cheap InvestorAugust 2, 2023August 2, 20230

By Susan Mathew and Saeed Azhar (Reuters) -Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about…

  • Uncategorized

Phillips 66 joins rival refiners with sharp profit drop on lower margins

The Cheap InvestorAugust 2, 2023August 2, 20230

By Arunima Kumar (Reuters) – Phillips 66 reported a 46% fall in second-quarter profit on Wednesday, the latest U.S. refiner…

  • Uncategorized

Yum Brands gets a lift as KFC’s cheaper options draw more customers

The Cheap InvestorAugust 2, 2023August 2, 20230

By Deborah Mary Sophia (Reuters) -Yum Brands on Wednesday beat estimates for quarterly comparable sales and profit as strong demand…

  • Uncategorized

Brazil central bank kicks off rate cuts more aggressively than expected

The Cheap InvestorAugust 2, 2023August 2, 20230

By Peter Frontini SAO PAULO (Reuters) -Brazil’s central bank kicked off its rate-cutting cycle more aggressively than expected on Wednesday,…

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Fitch downgrades Fannie Mae, Freddie Mac after US rating cut

The Cheap InvestorAugust 2, 2023August 2, 20230

(Reuters) -Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings…

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Wall Street ends down, investors step back after Fitch US rating cut

The Cheap InvestorAugust 2, 2023August 2, 20230

By David French (Reuters) -Wall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a…

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Labor, industry gear up for dueling Massachusetts gig worker ballot measures

The Cheap InvestorAugust 2, 2023August 2, 20230

By Nate Raymond BOSTON (Reuters) -An industry-backed group and a labor union on Wednesday proposed letting voters decide whether Uber…

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Exclusive-Mongolia, US to sign ‘Open Skies’ deal ahead of talks -Harris, PM

The Cheap InvestorAugust 2, 2023August 2, 20230

By Trevor Hunnicutt (Reuters) -The United States and Mongolia will sign an “Open Skies” civil aviation agreement, Vice President Kamala…

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LATAM Airlines sees stronger 2023 after Q2 results boost

The Cheap InvestorAugust 2, 2023August 2, 20230

SANTIAGO (Reuters) -LATAM Airlines expects “record” net earnings in 2023 after posting stronger second-quarter results and improved forecasts, company executives…

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Occidental Petroleum misses on quarterly profit, raises full-year output

The Cheap InvestorAugust 2, 2023August 2, 20230

By Mrinalika Roy and Arathy Somasekhar (Reuters) -Occidental Petroleum on Wednesday raised its full-year production forecast by 1%, but missed…

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