In today’s episode of Two Sharp with ET, Nisha Poddar decodes the once bromance, now bitter dynamic between US President Donald Trump and billionaire Elon Musk, sending shivers of market volatility as government subsidies and projects lie on a thin thread of how the leaders address the situation. Musk last week received a warm farewell from the White House, but went all-out against the ‘Big Beautiful’ tax-spending bill of the Republicans. Trump said pulling EV subsidies make Musk ‘go crazy,’ and warned of cancelling relief. But Musk took it up a notch, threatening to decommission SpaceX’s Dragon. Who will bite first in this battle of the feudal lords?The Reserve Bank of India cut the repo rate to 5.5% in a bold move to boost economic growth. While the 50 bps cut brings relief to borrowers with lower EMIs, it spells trouble for savers as banks slash fixed deposit and savings account interest rates. According to SBI Research, FD rates have dropped by 30–70 bps since February 2025, and savings rates have hit a floor of 2.70%. What does this mean for your money? Watch now for a quick breakdown.
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