Stocks tumble as Moody's warns it could cut credit ratings of 6 big US banks

View in Browser August 8, 2023 Dow 35,314.49 0.45% S&P 500 4,499.38 0.42% NASDAQ 13,884.32 0.79% Last updated August 8 at 4:59 PM ET     Stocks tumble as Moody's warns it could cut credit ratings of 6 big US banks Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade, sending stocks tumbling as investors worried about more banking sector pain ahead.    Read full article   Here's what CEOs are saying about consumer spending Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?    Read full article   UPS says its profit will fall after it reaches a Teamsters deal UPS's tentative labor deal with the Teamsters hasn't even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.    Read full article   Italy slaps 40% one-off windfall tax on its banks Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward depositors.    Read full article   Taylor Swift friendship bracelet trend has Etsy shop owners cashing in Jamie Thompkins works full-time as an events manager in Oklahoma City, Oklahoma, but stays up well past midnight to work on her budding side hustle: making friendship bracelets for Taylor Swift concert goers.    Read full article   As drinkers shift to spirits, Molson Coors acquires a bourbon maker Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told to CNN.    Read full article   Today's movers BRSH 7.70 139.13% Bruush Oral Care Inc TLRY 3.02 36.04% Tilray Brands, Inc. PAY 14.04 31.21% Paymentus Holdings, Inc Class A GENQ 3.98 48.28% ESGL Holdings Limited ESGL 4.00 48.02% ESGL Holdings Limited VTGN 7.42 43.14% VistaGen Therapeutics, Inc. Last updated August 8 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303