WeWork Downgraded by Fitch as Recession Fears Mount

(Bloomberg) — WeWork Inc. was downgraded one notch by Fitch Ratings as the office-sharing upstart continues to lose money and struggles to capitalize on a return-to-office push happening at comp...

Abercrombie & Fitch, Disney, Best Buy, Zoom and more

A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ab...

Abercrombie & Fitch stock opened 20% up on Tuesday: explained here

Shares of Abercrombie & Fitch Co (NYSE: ANF) gained as much as 20% this morning after the American lifestyle retailer reported a surprise profit for its third financial quarter. ANF is ‘cautiously...

Best Buy, Dick’s, Abercrombie & Fitch and others

Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics retailer also re...

Fitch downgrades El Salvador’s rating to ‘CC’

Fitch Ratings downgraded El Salvador’s long-term foreign currency issuer default rating (IDR) to “CC” from “CCC,” saying that the country faces a “dire” liqui...

China’s domestic tourism on track to rebound from pandemic: Fitch Ratings

China’s domestic tourism — a key indicator of retail spending — is on track to make a comeback after dipping to an all-time low during the nation’s worst lockdowns, according to official d...

Snap, Abercrombie & Fitch, Roblox and more

A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out th...

What made Abercrombie & Fitch tank 30% on Tuesday morning?

Shares of Abercrombie & Fitch Co (NYSE: ANF) opened more than 30% down on Tuesday after the apparel retailer reported a surprise loss for its fiscal first quarter. Abercrombie & Fitch Q1 earni...

Abercrombie & Fitch (ANF) reports Q1 2022 loss

A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Abercrombie & Fitch shares fell more than 25% in early tra...

Best Buy, Abercrombie & Fitch, Snap and more

Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy jumped 5.2% in the premarket after the electronics retailer reported a mixed quarter. Best Buy fell 4 cents a shar...

Fitch Says Terra Collapse Will Accelerate Calls for Regulation

Alex Dovbnya Terra disaster will expedite regulatory clampdown in stablecoin sector, according to Fitch Ratings Fitch Ratings, an American credit rating agency, predicts that the epic collapse of the ...

Fitch Upgrades Outlook On Saudi Economy Amid High Oil Prices

View of the Saudi capital Riyadh at night getty Fitch Ratings has today revised its outlook on Saudi Arabia from stable to positive, amid high oil prices on international markets, stemming from the Uk...

Firms Exit Russia, Fitch Sees ‘Imminent’ Default

(Bloomberg) — Most Read from Bloomberg Starbucks Corp. and Coca-Cola Co. joined the steady stream of companies suspending operations or pulling out of Russia, as Fitch Ratings said a bond defaul...

Abercrombie & Fitch shares tanked 18% this morning: explore why

Abercrombie & Fitch Co (NYSE: ANF) shares are down nearly 20% on Wednesday after the lifestyle retailer reported its fiscal fourth-quarter results that came in shy of Wall Street estimates. Highli...

Fitch downgrades El Salvador – What next for the country?

Traditional finance is bringing all to bear on the small Central American country of El Salvador that had the temerity to step out of line and adopt Bitcoin alongside the US dollar as legal tender. Fi...

Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks – Finance Bitcoin News

One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a ke...

El Salvador’s IDR Downgraded to Junk Status by Fitch Ratings

El Salvador’s long-term foreign currency issuer default rating (IDR) has been downgraded from ‘B-’ to ‘CCC’ by Fitch Ratings. The country’s adoption of Bitcoin as legal tender last year stood out amon...

Fitch Downgraded El Salvador’s Rating Citing Bitcoin Adoption Risks

Fitch cited policy unpredictability stemming out of the increased concentration of power in the presidency, weakening institutions, and the legalization and adoption of Bitcoin as the reason for lower...

Fitch downgrades El Salvador’s long-term IDR to ‘CCC’ from ‘B-‘

El Salvador, the first country to legalize Bitcoin as a currency has maintained undeterred relations with Bitcoin. Over the years, the country has faced a countless number of critics for holding and a...

Fitch downgrades El Salvador rating on debt concerns

New York-based Fitch Ratings has downgraded El Salvador’s long-term foreign currency issuer default rating (IDR) to “CCC” from its most recent rating of “B-.” “In Fitch’s view, weakening of inst...

El Salvador’s Rating Downgraded By Fitch For Adopting Bitcoin As Legal Tender ⋆ ZyCrypto

Advertisement &nbsp &nbsp Fitch Ratings, one of the “big three” credit rating agencies, has lowered El Salvador’s long-term issuer default rating (IDR). In a Wednesday report,...

Fitch lowers El Salvador’s rating due to Bitcoin adoption

El Salvador faces another whipping from a traditional finance firm for its “forbidden” love for Bitcoin (BTC). American credit rating agency Fitch Ratings has lowered El Salvador’s long-term Issuer De...

Fitch Claims El Salvador’s Bitcoin Adoption Strongly Hinders IMFs Upcoming Finance Plans

Fitch Ratings, one of the big three credit ratings agencies, has downgraded El Salvador’s long-term issuer default rating (IDR). Fitch now rates El Salvador’s debt repayment capacity at CCC, a step lo...

South East Asian banks venturing into crypto face heightened risks, warns Fitch

After a year of enthusiastic ventures and acceptance regarding cryptocurrencies, banks in South East Asia might be in for a hard time going forward, analysts at top financial institutions have warned....

Russia’s Crypto Ban Will Ease Risks But Limit Tech Diffusion: Fitch

The proposed attempt by the Central Bank of Russia (CBR) to ban digital currencies and related operations in the country has been identified by Fitch Ratings, a platform that publishes ratings, criter...

Fitch faults Russia’s limit on technology

TL; DR Breakdown Fitch faults crypto ban effect on innovation in Russia Fitch says the ban will stifle innovation Russians divided over ways to tackle the crypto sector Over the past few months, the c...

Fitch says proposed Russia crypto ban eases risks but curbs innovation

On Friday, credit rating agency Fitch published a research piece about Russia’s proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia’s (CBR) positio...

Fitch Ratings warns of risks crypto miners pose to US power supply

Crypto Mining operations are price-sensitive  States with excess generation capacity may be capable of many crypto mining operations Fitch Ratings previously issued warnings related to the use of cryp...

Russia might undo its mining ban decision, but Fitch Ratings point at other concerns

Soon after the central bank of Russia announced that it is mulling a ban on crypto mining, reports now point otherwise. The Chairman of the State Duma Committee on Industry and Trade, Vladimir Gutenev...

Abercrombie & Fitch trims holiday-quarter sales outlook

Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch said Monday that it saw strong demand from consumers ...