Nina Davuluri strikes a pose on the beach in Atlantic City after she was crowned Miss America 2014 last September. A multi-year agreement brought the Miss America pageant back to Atlantic City last year after an eight-year absence. (Photo by Michael Loccisano/Getty Images)
Analysts at Moody's Investors Service slashed Atlantic City's credit rating to junk status Wednesday, citing the New Jersey city's weakened tax base and revenue-raising ability. They cited declining casino revenue, the announced closings of casinos, and other factors, "all of which has stemmed from increased competition from casinos in neighboring states." [Full Story]
Related Stories
Jump Trading LLC: A Case Study in High-frequency Trading and Big Money
Far from Wall Street in a Chicago neighborhood once synonymous with urban blight, two futures industry veterans are using secrecy and speed to mint fortunes. Their firm is called Jump Trading LLC.... [Full Story]
Many economists have cut their forecasts for global growth in recent weeks, [Full Story]
The parent of Standard & Poor's, which is defending against a $5 billion [Full Story]
Norway's $890 billion sovereign wealth fund, the world's biggest, is [Full Story]
Facebook Inc.'s revenue surged 61 percent in the second quarter, fueled [Full Story]
U.S. regulators adopted moderate reforms for money market mutual funds [Full Story]
The Senate voted Wednesday to advance an election-year bill limiting tax [Full Story]
The Federal Reserve may have scope to keep interest rates at zero for [Full Story]
Despite the multi-billion-dollar settlements that major banks have reached [Full Story]
Atlantic City, New Jersey, the gambling hub that's been pummeled by regional competition in the U.S. Northeast, had its credit rating cut two levels to speculative grade by Moody's Investors Service. [Full Story]
Facebook Inc.'s revenue surged 61 percent in the second quarter, fueled by mobile advertising, sending the stock up in extended trading past its all-time closing high. [Full Story]
U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors. [Full Story]
Shares of Boeing Co. fell the most among stocks on the Dow Jones Industrial Average on Wednesday as a cost for the KC-46A aerial tanker rekindled concern that the planemaker would struggle with another new aircraft program. [Full Story]
It's not exactly The Golden Girls, but for Marcia Rosenfeld, it'll do. Rosenfeld is among thousands of aging Americans taking part in home-sharing programs around the country that allow seniors to stay in their homes and save money. [Full Story]

Market Watch
Company Name or Symbol: 

Click Here for Pre-Market Data
Email:
Retype Email:
Country
Zip Code:
 
Insiders
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus



Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved