It is not clear that Moody's or Fitch will follow suit and cut the U.S. credit rating.
The National Oceanic and Atmospheric Administration, a federal agency that focuses on the condition of the oceans and atmosphere, said that a severe solar storm could cause global chaos, wreck satellite communications and take down the most important power grids in the world for a period of years.
U.S. stock index futures point to a sharply lower opening on Monday as the nation lost its risk-free reputation.
Moody's says a future downgrade of the U.S. credit rating from AAA is possible. Also, global markets reacted harshly overnight to S&P's U.S. credit rating downgrade announced late Friday.
Global markets plummeted overnight night as news of the U.S. downgrade. Monday is the first day of trading in the U.S. and futures pointed sharply lower early by 6:30 a.m.
Britain and several euro zone countries are likely to have their credit ratings cut in coming months as debt problems worsen, and Western policymakers are bound to embark on more quantitative easing to get their economies moving, American investor Jim Rogers said on Monday.
Moody's Investors Service warned Japan that ineffective currency intervention would be negative for its sovereign ratings and would not help it restore its finances, even as G7 policymakers tried to show solidarity against market turmoil sparked by U.S. and European debt woes.
European governments will increase the size of the EU's emergency rescue fund if need be and are determined to follow through on a plan to contain a debt crisis, French Finance Minister Francois Baroin said on Monday.
Trying to settle scores with the law enforcement for arresting their hacker comrades, the AntiSec brand of hackers have prised open scores of US law enforcement agency websites and posted online massive chunks data regarding police personnel.
In the guessing game of which Asian sovereign credit will be downgraded next, after the United States this weekend, Japan is almost everyone's top pick, and not simply because its debt burden and messy politics are as bad if not worse than America's.
World stocks racked up more losses on Monday on deep-rooted jitters about the U.S. ratings cut, but signs the European Central Bank was buying Italian and Spanish debt gave some respite to battered bond markets.
In the guessing game of which Asian sovereign credit will be downgraded next, after the United States this weekend, Japan is almost everyone's top pick, and not simply because its debt burden and messy politics are as bad if not worse than America's.
With every gloomy economic report, debt crisis and mood swing on Wall Street, President Barack Obama's fight for re-election in 2012 gets a little tougher.
German premium carmaker BMW said unit sales rose 7.6 percent in July, driven by growth in demand from the United States and China.
Several state and local education officials are rebelling against the No Child Left Behind Law, and demanding reforms from student testing mandates, but Congress is yet to take a stand.
U.S. gold futures and cash gold struck records in early Asian trade on Monday after the United States lost its top-tier AAA credit rating from Standard & Poor's in an unprecedented blow to the world's largest economy.
Bullion roared to record highs above $1,700 an ounce on Monday as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
A NATO helicopter crashed in Afghanistan's east on Monday but there were no apparent casualties, officials said, another stark reminder of the dangers of the war after 38 people were killed in an air incident, the largest single loss for foreign forces in 10 years.
Mouse ears in the mud. It seemed a fitting end to the 20th anniversary of Lollapalooza, the three-day music festival that started under warm, sunny skies but ended on Sunday night in a rainy dance party.
All the three rating agencies -- Moody's, Fitch and S&P - have warned the current Administration that if things weren't done to curtail the tide of out-of-control spending and poor fiscal and monetary policies they would be forced to review the credit rating of the U.S. for possible downgrade.
If you thought "Charlie's Angels" were just kick-ass female superheroes, think again.
A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.
