'Shark Tank' star Kevin O'Leary says US debt-rating downgrade means there's less faith in the dollar and Treasurys

Tech Insider : Economy
kevin oleary pinblock shark tank abc

ABC

Fitch just downgraded US debt. Goldman Sachs says it's no big deal.

Tech Insider
Goldman Sachs
Goldman Sachs strategists shrugged off Fitch's ratings change.

Richard Drew/AP

Fitch's US debt-rating downgrade is bad news for stocks. Here's everything you need to know.

Tech Insider
Joe Biden
Fitch slashed the US government's debt-repayment rating Tuesday.

Kevin Dietsch/Getty Images

Fitch downgrades US credit rating citing 'steady deterioration' of US governance amid frequent debt ceiling battles

Tech Insider : Politics, Economy
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.
The United States Department of the Treasury building

Celal Gunes / Anadolu Agency

Joe Biden tasks a new team with trying to stop a debt-ceiling standoff ever happening again

Tech Insider : Economy
Joe Biden
US President Joe Biden.

Chip Somodevilla/Getty Images

US lawmakers are running out of time to end the debt-limit standoff - so dump stocks and buy bonds, JPMorgan strategist says

Tech Insider
Biden and Kevin McCarthy
Investors need to shield their portfolios by buying bonds with the debt-ceiling standoff set to go down to the wire, a JPMorgan strategist warned Sunday.

Drew Angerer/Getty Images

A US debt default could spike borrowing costs like credit cards and mortgages, and 'every family should be concerned' says a consumer watchdog

Tech Insider : Economy
Rohit Chopra, Director of the Consumer Financial Protection Bureau, testifies before the Senate Committee on Banking, Housing, and Urban Affairs committee during a hearing on Capitol Hill in Washington, D.C., on Thursday, December 15, 2022.
Rohit Chopra, Director of the Consumer Financial Protection Bureau.

Sarah Silbiger/The Washington Post/Getty Images

Timing the market isn't easy during a debt-ceiling showdown. Investors should stick to this strategy instead.

Tech Insider

Happy Saturday, folks. I'm Phil Rosen, it's good to see you today.

As we've talked about all week, there's a looming debt-ceiling deadline right around the corner, and unless lawmakers get their act together, financial markets could soon be in for a world of pain.

Today I'm eager to share my conversation with a top personal finance and economy expert from Bankrate.

It's almost impossible to trade on a US default - so here's what investors should do instead, according to Bankrate's senior economic analyst

Tech Insider : Politics
stock traders panic
Traders react on the main floor of the BM&F Bovespa stock exchange market in Sao Paulo September 29, 2008.

REUTERS/Paulo Whitaker

The government's main budget experts confirmed that the US could risk economic catastrophe as soon as early June

Tech Insider : Economy, Politics
President Joe Biden.
President Joe Biden.

Kevin Dietsch/Getty Images

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