Business
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…
Moody’s knocked the government’s credit rating down a notch as debt soars. Source link
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
Weight loss drug Ozempic maker forces boss to step down Source link
New Jersey’s beloved musical bard Bruce Springsteen promised Wendy in his breakthrough hit “Born to Run” that some day “we’re gonna get to that place where we really wanna go, and we’ll walk in the sun.” But in recent days, keeping that promise to Wendy — and to everybody else trying to get in and…