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Wall Street stocks slipped and US Treasury yields jumped on Monday after ratings agency Moody’s cut the United States’ credit rating. Moody’s late on Friday slashed the United States’ sovereign credit rating to “Aa1” from “Aaa”, citing rising levels of government debt and interest payment ratios “to levels that are significantly higher than similarly rated…
Over the past week, a Tesla Cybertruck has become a point of focus for Surat residents, with the vehicle being spotted on roads and causing immense excitement. According to a report by The Indian Express, the vehicle, imported directly from Dubai, has been bought by a Surat-based businessman named Lavji Daliya. The Tesla Cybertruck bought…
Tesla share price leapt nearly 8% on Wednesday after the EV-maker reported better-than-expected profit for its core auto business. CEO Elon Musk said he would step back from his involvement in the Trump administration to focus on running his numerous companies. Elon Musk vowed to pull back “significantly” from his work with the US government…
Wall Street’s Magnificent Seven: The US tech megacaps have shed nearly $2 trillion since April 2 when US President Donald Trump announced sweeping reciprocal tariffs across nations worldwide. The “Magnificent Seven” stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing…