Gold futures posted their second consecutive strong gain on Tuesday, rising 3% in the two days since Moody's downgraded its U.S. credit rating and amplified concerns over the debt and deficit spending.

Wendy McMahon, president and CEO of Paramount Global's CBS News, will step down from her position, telling staffers that she and the company have differing views on the path forward, according to a me...

Longer-dated Treasury yields gained while global stock indexes and the dollar eased on Monday amid concerns about a U.S. tax bill and the U.S. debt load and following Moody's downgrade of the U.S. sov...

The debt downgrade does nothing to impair the reserve currency status of the U.S. dollar. Given the massive short position on U.S. Treasuries, bond buyers could see a significant drop in yields and a rise in bond prices, particularly if this coincides with the onset of a recession or Fed rate-cutting cycle.

Moody’s for the first time in its history downgraded U.S. government bonds from the gold star rating of “AAA” to “AA1,” the silver medal equivalent.

Moody’s cut the U.S.’s sovereign credit rating from Aa1 to Aaa.