Author: Daniel snow

CNBC’s Jim Cramer urged investors on Monday to tame their fear in the face of the Moody’s downgrade of U.S. debt. He recalled the S&P’s downgrade in 2011 and Fitch’s downgrade in 2023, both of which were followed by market declines. Like those previous two, Cramer argued, Friday’s downgrade from Moody’s prompted more fear than the short-term economic environment merited.Monday’s trading day opened lower and Treasury yields spiked, following Friday’s announcement from Moody’s. At session lows, the Dow Jones Industrial Average was down 300 points and the S&P 500 was down 1%, but by the end of the session, the…

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A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAlphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose.In March, the company submitted a request to the California Public Utilities Commission to gain approval for its latest passenger safety plan, a key step in gaining permission to operate driverless vehicles across a broader area. On Monday, the proposed expansion was approved, allowing for Waymo’s driverless coverage to extend from San Francisco down…

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Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and…

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