On August 1, 2023, Fitch Ratings downgraded the United States' long-term foreign-currency Issuer default rating (IDR) to AA+ from AAA. The last time an international rating agency did so was 12 years ago when Standard & Poor's cut the U.S. credit rating from AAA to AA+ in 2011.
Why downgrade?
Fitch attributed the downgrade of the U.S. to several factors, including weakened governance, rising general government deficits and debt, medium-...

Apple Q2 iPhone sales beat expectations, with an additional $90 billion buyback prepared
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Key Takeaways:
Attitude: Apple reported an all-time record in Services and a March quarter record for iPhone despite a challenging macroeconomic environment, and to have its installed base of active devices reached an all-time high. The management was particularly pleased with ...

[Rewards] AMD missed Q3 estimates but still owned the solid 29% revenue growth
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KEY Figures:
● Total 22Q3 revenue of AMD was $5,565 million, representing an increase of 29% YoY and a decrease of 15% QoQ.
● Non-GAAP net income was $1,095 million, representing an increase of 23% YoY and a decrease of 35.9% QoQ.
● According to AMD, the Client segment revenue decreas...

Do you believe S&P 500 will rally at next 12 months? The data tell us it will. But maybe not this time.
Do you believe S&P 500 will rally at next 12 months? The data tell us it will. But why I can not believe that at this time? Since Fed started to raise rate at March, S&P 500 index was raising about 10%, now it go back.
The worst is not at the beginning, but near the end. If the rate hikes are slow, then at the beginning it is compensating for the losses caused by the panic before the rate hik...