Stock futures are down this morning as global markets react to the first ever downgrading of the United States’ credit rating by Standard and Poor’s. Moody’s repeated its warning that it too could downgrade U.S. credit in the next year if the economy continues to weaken. Richard Hunter, head of U.K. Equities at Hargreaves Lansdown […]
The credit rating agency Standard and Poor’s downgraded the United States’ credit rating for the first time in its history, from AAA to AA+, last Friday. This news sent shock-waves around the globe, sending markets into free-fall, and forcing global leaders into emergency meetings. Amar Bhide, professor at Tufts University’s Fletcher School of Law and […]