Business

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

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…

Wells Enterprises, Inc., the maker of Blue Bunny and other ice cream brands, has issued a voluntary recall of 19 varieties of its 3-gallon ice cream tubs due to the possible presence of plastic mat… Source link

The downgrade means that each of the three major credit rating firms no longer gives the United States its best rating. Source link