August 2, 2023

Markets Now

America's credit rating got downgraded again. Here's what happened the last time

Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing this spring’s debt ceiling standoff as a major reason.  
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Global markets slide after Fitch downgrades US debt

Global stock markets fell Wednesday after ratings agency Fitch downgraded its US credit rating, citing “a steady deterioration in standards of governance” and the American government’s growing debt burden.  
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MrBeast sues to shut down the ghost kitchen-produced MrBeast Burger

YouTuber MrBeast is suing the ghost kitchen behind the MrBeast Burger to stop production of the popular burger, claiming the company is taking advantage of his brand to expand rather than focusing on the quality of the food.  
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Fitch tells CNN why it downgraded America now

Fitch Ratings is defending its controversial decision to downgrade the US credit rating by pointing to the nation’s mountain of debt.  
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Taylor Swift gives 'life-changing' $100,000 bonuses to Eras Tour truck drivers

Taylor Swift is going out in “Style.”  
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Here's what happened the last time America's credit rating was downgraded in 2011

Fitch Ratings downgraded US long-term debt to AA+, citing this spring’s debt ceiling standoff as a major reason. Here’s what happened the last time the country’s credit was downgraded in 2011.  
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Source: CNN Business

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