Fitch Ratings CEO Talks Global Outlook for 2018 and Beyond
Paul Taylor, President and CEO of Fitch Ratings, is part of Cheddar and the Museum of American Finance's CEO series, "Why Wall Street Matters."
Taylor discusses the importance of the bond market to global economies, and why they are more appealing for investors over loans. He also weighs in on his forecast for 2018, noting his global outlook is positive overall, adding that it's not until after 2018 that things get tricky.
The Global Outlook for 2017 has already beat Fitch Group's forecast. The company originally anticipated growth of 2.9% but is expected to hit around 3.2%.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
