But a Zillow economist argues that there's plenty of evidence suggesting strong GDP and job growth had more to do with the increase than what Fitch did.

A group of House Republicans led by Rep. Young Kim, R-Calif., said that the Consumer Financial Protection Bureau doesn't have the authority to hold information discussions with the bureau's European Union counterparts.

Despite healthy second-quarter revenue growth, PayPal's stock fell Thursday amid higher-than-expected losses from merchant loans.

Despite big talk months ago, experts don't see a lot of political appetite to change bank oversight rules — or the deposit insurance system — in the wake of three large regional bank failures that happened earlier this year.

While financial markets wobbled after Fitch Ratings reduced the U.S. government's credit rating, analysts said the action should have little long-term impact, similar to a downgrade by Standard & Poor's in 2011. JPMorgan Chase CEO Jamie Dimon argued that Fitch's action "doesn't really matter that much."

The Department of Housing and Urban Development is reviewing HSBC's lending practices in certain majority Black and Hispanic neighborhoods, the bank disclosed. The regions under scrutiny include New York, Seattle and several parts of California, according to the nonprofit organization whose complaint prompted the investigation.