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A public feud erupted between Donald Trump and Elon Musk over a controversial spending bill, leading to a significant 14% drop in Tesla's stock and a $152 billion loss in market value. The dispute, fueled by online exchanges, involved accusations of ingratitude and threats to cancel government contracts. Musk hinted at damaging information regarding Trump, further escalating the conflict.
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News and Media
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
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News and Media
The athleisure brand joins a growing list of big firms to warn about the impact of Trump's policies.
Category:
News and Media
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