By Davide Barbuscia NEW YORK (Reuters) -A U.S. sovereign downgrade by Moody’s has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington. The ratings agency cut America’s pristine sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade t ...
By Colleen Howe BEIJING (Reuters) -Half of China’s sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report. The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for fuel demand in ...
NEW YORK (Reuters) - Moody’s on Friday downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest "that are significantly higher than similarly rated sovereigns." U.S. President Donald Trump’s sweeping tax bill failed to clear a key procedural hurdle on Friday, as hardline Republicans demanding deeper spending cuts blocked the measure in a ...
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said Friday it was approving Verizon Communications (NYSE:VZ)’s $20 billion deal to acquire fiber-optic internet providers Frontier Communications (OTC:FTRCQ) after the largest U.S. telecom company agreed to end its diversity, equity and inclusion programs. Verizon agreed to buy Frontier in September for about $9.6 ...