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The long-awaited cuts should make it easier for CCC rated companies to access debt capital markets rather than filing for bankruptcy, but some feel high-yield bonds are currently overvalued.

After a 0.9% decline in July, production at U.S. factories, mines, and utilities increased 0.8% in August, exceeding expectations.

After burning through more than $8 billion in the first six months of the year, Boeing now faces a cash squeeze that puts its investment-grade rating at risk.

Corporate employees will be expected to be in the office five days a week "outside of extenuating circumstances" or unless they have been granted an exception.

The value of retail purchases, unadjusted for inflation, increased 0.1% after a revised 1.1% gain in July, largely thanks to online retailers.

The company transferred $6 billion in defined-benefit pension plan obligations for 32,000 participants.