Trump Calls Shutdown an ‘Unprecedented Opportunity,’ and Eyes Deep Cuts
The president plans to meet with the White House budget chief to slash what he described as “Democrat agencies.” Source link
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US stock markets at record high: S&P 500 and Nasdaq surge; rate cut hopes boost optimism despite government shutdown
The S&P 500 and Nasdaq indices reached unprecedented levels when markets opened on Thursday, driven by fresh optimism regarding potential interest rate reductions, whilst investors prepare for minimal economic data releases as the week concludes.At market opening, the Dow Jones Industrial Average gained 20.0 points, representing a 0.04% increase, reaching 46,461.11. The S&P 500 advanced…
Tesla’s Car Sales Rise 7% as U.S. E.V. Tax Credit Ends
The company benefited from a surge in U.S. demand for electric vehicles after Republicans in Congress voted to end a $7,500 incentive at the end of September. But other carmakers benefited more. Source link
Who is Aravind Srinivas? Perplexity CEO youngest among India’s billionaires- Check how much wealth he has
Aravind Srinivas (Image credit: Instagram handle) Chennai-born Aravind Srinivas, 31, has emerged as India’s youngest billionaire, debuting on the M3M Hurun India Rich List 2025. As the founder and CEO of AI startup Perplexity, Srinivas is gaining recognition for his work in generative AI, having an estimated net worth of Rs 21,190 crore. Srinivas’ rise…
The Consequences of Trump’s Setback at the Fed
A Supreme Court decision that keeps a Fed governor on the job for now could scramble President Trump’s effort to add more loyalists at the central bank. Source link
Hacking has an evil twin! What is vibe hacking? Here’s how cyber frauds are misusing AI
As if cyber frauds were not enough, you will now have to deal with another evil of the AI era, vibe hacking!Cybersecurity experts are warning that AI is increasingly being misused by criminals to launch sophisticated cyberattacks. What started as “vibe coding,” a way to harness AI for productive tasks, now has a darker side:…
The Low-Cost Icelandic Airline Play Suddenly Folds, Leaving Passengers Stranded
Play Airlines said it was ceasing operations, becoming the second low-cost airline in Iceland to collapse in the last six years. Source link
Infrastructure push: Government mulls Rs 20,000 crore risk guarantee fund; aim to boost private investment
The government is considering setting up a Rs 20,000 crore risk guarantee fund to encourage private sector participation in infrastructure projects, according to PTI sources. The proposed fund aims to share project risks, easing financial pressure on developers and boosting private investment. The sources said the National Credit Guarantee Trustee Company (NCGTC) is likely to…
New Tariffs Could Worsen America’s Housing Crisis
President Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home. Source link
NPS returns: National Pension System delivers 13% annual returns; ‘offers flexibility and choice,’ says FM
Finance minister Nirmala Sitharaman on Wednesday hailed the National Pension System (NPS) saying that it has emerged as a high performing and cost effective retirement planning tool, with some of the best returns among global pension products.Speaking at the NPS Diwas conference in New Delhi, organised by the Pension Fund Regulatory and Development Authority (PFRDA),…