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Fitch downgrades the U.S. credit rating over recent debt-ceiling standoffs and AMD shares rise after its earnings report highlights its AI products. Here’s what investors need to know today. 1. Fitch Ratings Downgrades US Credit Rating Over Debt Limit Standoffs The Fitch Ratings agency downgraded the U.S. government’s credit rating to AA+ from AAA, the top grade, as the agency said the government’s growing debt and history of debt-ceiling standoffs make it an increasing credit risk. The move follows a 2011 downgrade of the U.S. credit rating following political standoffs over the budget and debt and could impact the $25…
Meet Ryan Williams – the 28-year-old co-founder of Cadre, a fintech firm looking to cut out the middleman and increasing transparency in global real estate investing. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbesvideo Forbes Video on Instagram: http://instagram.com/forbesvideo More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. source
Photo by Christopher Furlong/Getty ImagesGetty Images Housebuilder Taylor Wimpey was one of the FTSE 100’s biggest gainers on Wednesday after it printed better-than-forecast numbers for the first half of 2023. However, both revenues and profits were sharply down as higher interest rates dampened demand across the residential property market. At 116.9p per share the Taylor Wimpey share price was 2.4% higher on the day. Revenues at the construction giant slumped 21.2% between January and June, to £1.6 billion. This caused a 28.9% slide in pre-tax profit, to £237.7 million. Completions Topple Taylor Wimpey said that total completions (excluding joint ventures)…