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Tesla shares dropped more than 8% on Thursday on a day otherwise devoid of news for the electric vehicle maker, leading traders to speculate that Musk’s increasingly pointed rhetoric suggests strain in the relationship that has benefited his sprawling empire of businesses. President Trump said on Thursday that Musk was upset because the bill took…
US stock indices declined on Monday amid escalating US-China trade war and on possibility of Federal Reserve Chair Jerome Powell’s removal by President Donald Trump. At the opening bell, the Dow Jones Industrial Average fell 236.2 points, or 0.60%, to 38,906.04. The S&P 500 fell 49.8 points, or 0.94%, to 5,232.94, while the Nasdaq Composite…
Gold rate today: Following the escalating US-China trade war tensions and a weakening US dollar after an unexpected shift in Donald Trump’s tariff policy, gold prices climbed to a new peak in domestic and international markets. MCX gold rates settled at ₹93,887 per 10 gm after hitting a new high of ₹93,940 per 10 gm…
China’s yuan closed at its weakest level in over 17 years on Wednesday, following a record-low drop in its offshore counterpart overnight, as tensions from the escalating U.S.-China trade war shook currency markets. The onshore yuan ended domestic trading at 7.3498 per dollar — the lowest closing since December 2007. The currency slide coincides with…