President Joe Biden’s planned visit to Jordan as part of his Middle East trip has been canceled following the abrupt cancellation of a leaders summit on humanitarian aid for Palestinians. The decision comes amidst escalating unrest in the region in response to the bombing of a hospital in Gaza. Originally, Biden was scheduled to meet…
Investors and analysts are reacting to the recent news from the U.S. Department of Commerce regarding restrictions on the export of certain artificial intelligence chips to China, including Nvidia’s H800 chips. The announcement has also caused a decline in other semiconductor stocks. Market Movers has gathered the latest insights on Nvidia from these experts. The…
Nationwide Increase in Scams Targeting Seniors’ Financial Accounts, Reports FBI Senior citizens across the country have become victims of a rising trend in “phantom hacker” scams, which have had a significant impact on their finances. These scams involve fraudulent activities that result in the loss of entire bank accounts, savings, retirement funds, and investments, according…
Telecom industry body COAI is standing by its proposal to impose fair-share charges on Over the Top (OTT) service providers, such as Disney Hotstar, Netflix, and Amazon Prime. COAI refutes claims that this move would compromise net neutrality or result in additional costs for customers. The dispute between OTTs and telco bodies, including COAI, has…
Americans now need to earn a higher income than ever before in order to afford a median-priced home, according to a recent analysis conducted by Redfin. The report states that homebuyers in the US must now make 15% more than they did last year to purchase a typical property. This translates to an annual income…
Lockheed Martin, a renowned defense company, experienced a positive gain of approximately 0.6% in midday trading as it reported impressive third-quarter results, surpassing expectations. The company reported earnings per share of $6.73 on revenue of $16.88 billion, while analysts had predicted earnings per share of $6.67 on revenue of $16.74 billion. This news also led…
Published By: Sheen Kachroo Last Updated: September 21, 2023, 17:49 IST India’s Success in Chandrayaan-3 Mission Raises Questions on Persistent Social Issues, Says Congress MP In a recent debate on the success of India’s Chandrayaan-3 mission, Congress MP Karti Chidambaram raised an important question. He wondered how a nation that lands a spacecraft on the…
India is set to invest a whopping Rs 143 lakh crore in infrastructure between the fiscal years of 2024 and 2030, which is more than double the amount spent in the past seven financial years starting from 2017, according to rating agency Crisil. A significant portion of this investment, Rs 36.6 lakh crore, will be…
John Paulson, the renowned hedge fund manager with an estimated net worth of $3.5 billion, has filed a lawsuit against his former business partner, Fahad Ghaffar, in Puerto Rico. Paulson alleges that Ghaffar, along with several family members, deceived him and embezzled millions of dollars to support their extravagant lifestyles, including luxury shopping sprees and…
Builder Confidence in Housing Market Drops to Lowest Level Since January Builder confidence in the market for single-family homes has dropped to its lowest level since January. Builders are facing challenges in a market dominated by high mortgage rates and financing costs. The monthly National Association of Home Builders/Wells Fargo Housing Market Index dropped four…
