Israel's finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating.

NEW YORK - The steady decline of America's steel industry is continuing, despite President Donald Trump's efforts to protect it through tariffs on imports. The latest sign came on Thursday, when Moody's downgraded its outlook for the entire domestic industry to "negative" from "stable." Trump came into office in 2017 promising to revive the steel industry and save jobs. His tariffs 25% on most steel imports and 10% on most aluminum imports initially pushed prices higher. But the increased steel production and prices didn't last, and some steelmakers, including US Steel, have more recently closed mills.

William Walker via CNN(CNN) - Moody's downgraded Ford's credit to junk Monday evening. It said the automaker faces considerable business challenges, and its poor financial performance badly positions Ford to take on its planned $11 billion restructuring. News of the downgrade sent shares of Ford down 3% in premarket trading Tuesday. During the Great Recession, Ford and other US automakers suffered massive losses and junk bond credit ratings, which can raise the cost of borrowing. Ford in 2012 was upgraded to investment grade, which is what a credit rating is called when it is not considered a junk bond.