But since corporate debt is fixed with a mark-up on the benchmark bond yield to account for individual risk exposure beyond the sovereign borrower, the effective borrowing rate has taken longer to trudge durably below the 7% threshold.
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
The S&P 500 index closed higher on Tuesday, boosted by gains in Boeing and Coca-Cola. Chip stocks experienced a significant decline as investors awaited quarterly
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