A US debt crisis is looming as the American economy is facing a “risky” fiscal situation, according to the founder of the world’s largest hedge fund, Bridgewater Associates, Ray Dalio. Dalio’s warning comes as the country’s national debt topped $33 trillion this month. US lawmakers are currently negotiating a spending bill before the October 1…

[unable to retrieve full-text content]

American streaming service Netflix has seen a massive loss of $40 billion in market capitalization after the company reported its first customer decline in more than a decade. The company said the number of subscribers in its first quarter dropped by 200,000, falling well short of its forecast of adding 2.5 million subscribers. The suspension…