Morning Brew Daily US Loses Top Credit Rating & Crypto Wealthy Being Targeted?
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May 19, 2025 Moody's downgrade of the U.S. credit rating raises concerns over rising debt and budget deficits. A surge in crime targeting wealthy cryptocurrency individuals has sparked safety worries, prompting many to hire bodyguards. Meanwhile, New Jersey's transit system struggles with disruptions but shows signs of resolution with a tentative agreement. On a brighter note, major U.S. cities are experiencing population growth, and the WNBA season kicks off with fanfare, showcasing stars like Caitlin Clark and Angel Reese.
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US Loses Top Credit Rating
- Moody's downgraded the US credit rating from AAA citing rising debt and budget deficits.
- The downgrade may affect investor trust but its full market impact remains unclear due to recent bond sell-offs.
Crypto Wealthy Targeted by Criminals
- Crypto millionaires face a wave of physical attacks including kidnappings in Europe.
- These crimes expose the risks of cryptocurrency's fast, irreversible transfers despite online security advances.
NJ Transit Troubles Persist
- New Jersey's transportation struggles include transit strikes, air traffic delays, and highway closures.
- The struck union aims for higher wages amid a system under strain impacting millions of commuters.