By Staff Reporters
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According to London (CNN Business), Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago.
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Russian Debt: The S&P 500 slashed Russia’s debt to junk status as there are 30 corporate ‘fallen angels’ as a result of the war.
S&P: The S&P 500 slipped less than 0.1% after giving up an early gain and bouncing around for much of the day. The Dow Jones Industrial Average fell 0.6%, while the NASDAQ composite slid 0.4%. The indecisive trading came a day after the market posted its best week since November 2020 and as Federal Reserve Chair Jerome Powell said the central bank was prepared to move more aggressively if need be to contain inflation.
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MORE: https://www.cnn.com/2022/03/14/investing/russia-economy-default/index.html
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Filed under: Alerts Sign-Up, Ethics, Investing | Tagged: Bolshevik revolution, DJIA, NASDAQ, russian debt, russian default, S&P |















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