Moody's had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals.

WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs. S&P 500 companies have lost $5.8 trillion in stock market value since Trump's tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data.

Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. Tesla’s global vehicle sales rose 2.3% in the final quarter of 2024 thanks to 0% financing, free charging and low-priced leases.

A social media account is documenting the spate of high-profile business closures in Beverly Hills including Barneys New YorK, Escada, Chanel, Nike, Rite Aid, Starbucks and more.

John Chachas, the owner of luxury department store Gump’s San Francisco, wrote an open letter to Governor Newsom, Mayor London Breed, and the city’s Board of Supervisors, pleading for them to act on what he describes as the city’s worsening downtown conditions.

The story of United States Steel holds some fascinating history as well as some important lessons for investors.