Business
Moody’s Cuts Ratings at 10 US Banks
US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. Bloomberg’s Sonali Basak reports.
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Business
Wiles Out as White House Chief of Staff, Stephen Miller Takes Role
“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Joe Manchin, former US Senator and Governor for West Virginia, says Democrats can overplay their hand if they make impeaching President Donald Trump a priority after taking control of Congress. Rep. Don Beyer (D-VA) says he was thrilled that a federal judge temporarily blocked President Donald Trump’s planned triumphal arch from breaking ground. Rep. Gwen Moore (D-WI) says affordability is “top of mind for all Americans” and believes health care is an obvious place for Democrats to intervene.
Chapters:
00:01:47 Bloomberg’s Jeff Mason on Trump Shakes Up White House, Stephen Miller Named Chief of Staff
00:04:19 Joe Manchin, former US Senator and Governor for West Virginia, on Trump, Democrats and the New Congress
00:08:32 Joe Manchin on Congressional Oversight and Impeachment
00:10:54 Joe Manchin on the 2028 Presidential Field
00:13:57 Power Moves: Top Financial Moves
00:17:46 Rep. Don Beyer (D-VA) on Trump’s Planned Triumphal Arch Faces Legal Challenge
00:21:02 Rep. Don Beyer (D-VA) on Hegseth Impeachment and War Powers
00:22:59 Rep. Don Beyer (D-VA) on Democrats Debate Permitting Reform
00:24:08 Bloomberg Government’s Rachel Schilke on House Republicans Face Leadership Battle After Midterm Losses
00:29:24 Rep. Gwen Moore (D-WI) on Democrats’ Agenda and Working With Trump
00:32:03 Rep. Gwen Moore (D-WI) on Pete Hegseth and Impeachment
00:33:38 Rep. Gwen Moore (D-WI) on Democrats’ Affordability and Health-Care Priorities
00:35:32 Rep. Gwen Moore (D-WI) on AI, Data Centers and Economic Risks
00:40:52 Political Panel Reacts: Stephen Miller’s Promotion, Hegseth Impeachment Push, Mississippi Senate Race and Remaining Vote Count
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Business
Will a Democrat-Led Congress Slow Data Center Buildout?
As the dust settles after sweeping Democratic wins across the country, many are left to wonder — how will the power shift influence everything from the composition of the FOMC to AI development?
Employ America’s executive director Skanda Amarnath joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss whether he thinks a Democrat-led Congress will slow down data center construction.
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Business
Anthropic Files for IPO in Global Race to Raise Cash for AI
Anthropic filed for its long-awaited IPO, a landmark moment in an industry that is growing ever-hungrier for cash to power ahead. Ed Ludlow reports.
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Business
The Little-Known Trading Firm That Beat Wall Street’s Biggest Giants
On today’s Big Take podcast, finance reporters Max Abelson and Katherine Doherty discuss their exclusive reporting into who runs Jane Street and why it matters to global markets.
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Business
Nasdaq Suffers Worst Rout Since March 2020
The stock-market rout on Thursday pulled down companies at the heart of the AI boom due to the prospect of a political shift that will tap the brakes on the industry’s growth.
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@mcawesomest1
December 12, 2023 at 7:14 am
It’s like a rerun of the Great Depression
@johnathansteil8186
December 12, 2023 at 7:14 am
Good for Bloomberg actually telling the truth. most were downgraded for long term risk. Downgraded to A2 which is still an upper tier rating. downgraded for CRE's mainly.
@damham5689
December 12, 2023 at 7:14 am
Need to remember, Moodys ?falsely? ?for pay? gave junk mortgage bonds AAA ratings that helped lead to the 2008 mortgage collapse.
Does anyone actually trust Moodys ?
@ssuwandi3240
December 12, 2023 at 7:14 am
But still soft landing
@Britishpatriot1
December 12, 2023 at 7:14 am
And so it begins….. the tip of the iceberg folks. More to come!
@frankxu2490
December 12, 2023 at 7:14 am
Dont spread "panic"…for whose benefit???
@commonsense504
December 12, 2023 at 7:14 am
Bribenomics hard at work building back better
@diamandidimitrov8643
December 12, 2023 at 7:14 am
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