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US credit rating downgrade undermines Donald Trump’s claims regarding economic robustness. (AI image) Moody’s Ratings downgraded the United States government’s credit rating on Friday, pointing to the inability of consecutive administrations to control increasing government debt levels.The credit rating reduction to Aa1 from Aaa compounds the challenges for the US President Donald Trump, coinciding with…

The U.S. credit rating was downgraded by Moody’s Ratings on Friday, highlighting investor concerns about the government’s growing debt. The downgrade from the top rating of Aaa to Aa1 “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” the…

Misery loves company, as they say. Friday’s announcement that two of the three biggest cable-broadband firms, Charter Communications and Cox Communications, are combining is a logical next step in the consolidation of a stagnant but still significant industry. Charter, whose biggest shareholder … Source link

The US has lost its last perfect credit rating, as influential ratings firm Moody’s expressed concern over the government’s ability to pay back its debt. In lowering the US rating from ‘AAA’ to ‘Aa1’, Moody’s noted that successive US administrations had failed to reverse ballooning deficits and interest costs. A triple-A rating signifies a country’s…

OpenAI is poised to help develop a staggering 5-gigawatt data center campus in Abu Dhabi, positioning the company as a primary anchor tenant in what could become one of the world’s largest AI infrastructure projects, according to a new Bloomberg report. The facility would reportedly span an astonishing 10 square miles and consume power equivalent…

Roughly 450 train engineers are on strike, marking the state’s first transit strike in more than 40 years. Source link

The US lost its triple-A credit score with Moody’s on Friday, with the credit ratings firm citing rising federal debt and interest costs. The US was downgraded from Aaa, the highest rating, to Aa1. Some sovereigns with an Aaa ratings from Moody’s include the European Union, Canada, and Germany, while other Aa1 countries include Austria…

Consumer confidence has declined for four consecutive months due to uncertainty over trade policy, with nearly three-quarters of consumers mentioning tariffs as a major concern. Source link