Moody's Downgrades U.S. Credit

This is a U.S. news story, published by CNBC, that relates primarily to Loureiro news.

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World

CNBC Daily Open: After a winning week for stocks, Moody's downgrade of U.S.' credit rating poses a new challenge

Summary

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83% Informative

All major U.S. indexes rose Friday , ending the week sharply higher.

Moody's Ratings cut the United States ’ sovereign credit rating down one notch to Aa1 from Aaa.

Retail sales in China grew 5.1% in April from a year earlier , lower than the 5.5% expected by a Reuters poll and March ’s figure of 5.9% .

One firm received certification from Chinese authorities to fly pilotless planes.

It's really one of the most difficult jobs in the world," Loureiro told CNBC via video call. After taking a master's degree in physics, he co-founded of Smartex , a tech company that uses cameras, vision software and artificial intelligence to spot defects in textiles during their production, and therefore reduce the proportion of fabric going to waste. Loureiro claims the technology has prevented 1 million kilograms of fabric from going to waste in the past three years ..

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

Hate speech

not hateful