S&P Global on Tuesday reaffirmed its sovereign rating for the United States at ‘AA+/A-1+’, the second highest rating by the agency even as the country battles inflationary pressures. The country’s economic growth, likely its best performance in nearly four decades, was fueled by massive fiscal stimulus as well as very low interest rates. The rating…
Moody’s Expects Tesla to Stay at EV Leader Spot, Upgrades to ‘Ba1’
Moody’s upgraded Tesla Inc.’s debt rating by two notches to “Ba1” from “Ba3” on Monday, reflecting the ratings agency’s expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer. Moody’s affirmed in a note that Tesla’s outlook remains positive and the company will continue to increase its scale…
Comcast Shares Gain on RBC Capital Rating Upgrade
RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp. to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18 percent. Cahall stated that the recent 19 percent sell-off since early August is overdone. “While we acknowledge that telco fiber and fixed wireless will pressure Comcast’s fundamentals, our analysis suggests concerns over…
Moody’s Upgrades Hungary’s Rating on Strong Rebound in Boon for Orban
BUDAPEST—Ratings agency Moody’s late on Friday raised Hungary’s sovereign credit rating to ‘Baa2’ from ‘Baa3’ on the economy’s strong rebound from the pandemic, which comes as a boon to Prime Minister Viktor Orban amid a campaign for early 2022 elections. Orban, the country’s longest-serving leader since Communist times, faces what could be Hungary’s first tight…
US News
- Jack BradleyThe Irvine City Council Jan. 24 failed to pass a motion to launch an independent investigation after political consultant Melahat Rafiei last week—in a plea agreement relating to an FBI… [...]
- Henry JomAustralia’s Defence Minister Richard Marles has said that the AUKUS deal will be one of the nation’s most significant national security decisions in decades as the federal government is set… [...]
- Mimi Nguyen LyThe U.S. military carried out a counterterrorism operation on Jan. 25 in Somalia that killed multiple ISIS terrorists, among them Bilal-al-Sudani, according to the Pentagon. Secretary of Defense Lloyd J.… [...]
- Victoria Kelly-ClarkThe United States and Papua New Guinea (PNG) are set to negotiate a defence cooperation agreement just after Australia and the southern Pacific nation agreed to a broad-reaching security agreement… [...]
- Mimi Nguyen Ly, Joshua PhilippCalifornia’s controversial COVID-19 misinformation law, which bars doctors from providing “misinformation” or “disinformation” related to COVID-19, is an unprecedented effort by those in power to block doctors from sharing their… [...]
- Daniel Y. TengTeam members of the Cairns Taipans have decided against wearing a special Pride Round jersey in response to a “barrage of abuse and harmful commentary” targeting individual players. The Australian… [...]
- Zachary StieberExperts who advise the U.S. Food and Drug Administration (FDA) on immunizations were supportive on Jan. 26 of a planned pivot on COVID-19 vaccines. Members of the Vaccines and Related Biological… [...]
- Lee SmithBig pharma has a good deal with big government—even if someone is hurt by a vaccine, the drug maker is exempt from liability claims. Lack of accountability then is at… [...]
- Brad JonesThe California Department of Water Resources (DWR) announced Jan. 26 it expects to deliver 30 percent of requested water to its public water agencies in 2023—1.27 million acre-feet—up from the… [...]
- City News ServiceSANTA ANA, Calif.—The family of an Orange County deputy public defender who died in Mexico while celebrating his first wedding anniversary was expecting to receive the body Jan. 26 so… [...]