Fitch has downgraded a record number of sovereign…

Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — and the agency is not done yet as the coronavirus pandemic pummels government finances.James McCormack, Fitch's global head…

Op-Ed: It’s not time to panic, it’s time…

Phynart StudioPrior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The…

Why it’s time for investors to go on…

That's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on "Markets Now" on Wednesday."Defense is more important than offense" right now, said Marks, the author of "Mastering the Market Cycle: Getting…

Exxon cuts capital spending by 30%, but CEO…

Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company's dividend is safe for the time being."A lot of our shareholders…