Fitch has kept the U.S. credit rating at AA+. The agency is concerned about rising debt. But the large economy and the dollar’s global role support the rating. High deficits and debt are problems. Tariff revenues may help this year. Fitch expects deficits to rise long term. The U.S. rating outlook is stable. S&P Global also maintained its AA+ rating.
IT stocks face fresh AI worries; is more correction ahead?
Indian IT stocks are experiencing a significant correction, driven by fears of AI automation impacting outsourcing demand, amplified by Nvidia’s AI chip announcements. Analysts, however,