The Impending Threat of a US Debt Ceiling Breach.
TL;DR
The US debt limit negotiations are ongoing, causing Fitch Ratings to put the country's AAA credit rating on negative watch. US markets closed lower, with the Dow Jones Industrial Average falling for a fourth consecutive day. Nvidia shares rose by 24.7% in extended trading after it projected sales for the current quarter to hit $11bn. Meanwhile, Lenovo, the world's largest PC maker, posted a 24% YoY drop in Q1 revenue.
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- What a US debt ceiling breach could do to the economy Vox.com
- As debt ceiling talks flounder, Cramer says lawmakers' actions will cost you CNBC
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