Business
Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt. “You should know that credit ratings understate credit risks because they only…
The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody’s downgraded the U.S. credit rating on Friday over concerns about the government’s growing debt levels. It’s the first time since April 11 that the average 30-year mortgage rate has jumped above 7%, according…
He wrote, “Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!” While his use of capital letters and punctuation is always wild, Trump clearly doesn’t want to…
Regeneron Pharmaceuticals has promised to comply with 23andMe’s existing privacy polices while also using data to fuel drug discovery. Source link
It’s the latest reminder that the government’s ever-rising debt comes with real risks. Source link
Regeneron Pharmaceuticals said it would acquire 23andMe, which filed for bankruptcy in March and would continue to offer consumer DNA testing services. Source link
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers. Source link
Consumers may not be psyched about Walmart’s announcement that it’s going to raise prices because of President Donald Trump’s tariffs, but other retailers are likely breathing a sigh of relief. Retail analysts told Business Insider that Walmart did other companies a favor with the news, giving them more freedom to raise their own price tags….
US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody’s downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump’s tariff salvos. The Dow Jones Industrial Average (^DJI) edged up 0.3%. The S&P 500 (^GSPC) managed to close above…
AFP/Getty A sign showing the US national debt in April. It has since risen to more than $36tn Investors might have hoped the turmoil that hit financial markets last month was over. But another bout of volatility in US borrowing costs is a sign that worries continue to bubble. The interest rate on the US…