Fitch Ratings has taken the U.S. off of its negative watch after concluding a review of its credit rating. The agency stated that the U.S. deserves the highest rating - "AAA." The recent debt-ceiling crises in 2011 and 2013 has not affected the country's ability to borrow. Fitch went on to say that the U.S. deficits are expected to decline, which was also a factor in the continued top tier credit rating.
Your local Starbucks may begin to start serving up something a bit stronger than your average Latte...wine and beer in the evening hours at select locations. The decision is due in part to the company's efforts to boost sales after the morning rush hour. There are currently 26 "Starbucks Evenings" around the U.S., which will soon be expanded to 40 where the locations sell bacon-wrapped dates, truffle macaroni and cheese and flat bread. Alcohol drinks can be ordered in these stores after 4pm.
The closely watched S&P 500 Stock Index rose to a fresh intraday all-time high in Friday's trading action, despite the tensions that continue to build in Ukraine. The index hit 1,884 in early trading. The S&P 500 is an index of 50 stocks chosen for market size, among other factors. The Index is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe.
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