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Billionaire Elon Musk said Tuesday he's committed to being CEO of Tesla in five years' time as the automaker faced intense consumer and stock-price pressure over his work with U.S. President Donald Trump's government.
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Jim Cramer sends blunt message on US debt risk to stocks TheStreetMoody's downgrades JPM, BofA and Wells Fargo after US credit rating cut ReutersMoody's downgrade ripples through bond market, causes worries for stocks Yahoo FinanceA short history of the long slide into federal fiscal insanity The Hill
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Shares of the company, CATL, surged in their first day of trading. Onshore U.S. investors were blocked from buying its stock as a "decoupling" of finance continued.
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Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.
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