The Impending Threat of a US Debt Ceiling Breach.
TL;DR Summary
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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