A recent poll indicates that Americans are concerned about President Donald Trump's increasing use of executive power. This includes deploying troops to cities and intervening in the economy. Most people favour limits on presidential power, the poll found. They disapprove of Trump's actions that break established norms.
Following Prime Minister Oli's resignation due to student protests, Nepal's President and Army Chief are in talks to establish an interim government. Discussions at the army headquarters involve selecting a leader from candidates like Sushila Karki, Balendra Shah, Kulman Ghising and Harka Sampang to conduct fresh elections. The army is focused on maintaining law and order amidst the political stalemate.
Trent shares have fallen nearly 40% from record highs, with Kotak Institutional Equities warning of a further slide below Rs 5,000. The brokerage cites slowing same-store sales growth, aggressive store expansion risks, and muted revenue outlook as key reasons for its Reduce call.
OFSS shares saw early gains following Oracle Corps historic 36% rally, but later gave up all profits after the company clarified no material developments impact its business. While Oracles AI-driven cloud growth sets a positive backdrop, OFSSs performance remains tied to its own financial software operations and deal pipeline.
BSE shares fell for two days in a row ahead of Sebis board meet amid reports of a plan to curb weekly F&O expiries. Analysts caution that regulatory changes, including expiry shifts and open interest norms, may impact derivatives trading volumes and BSEs earnings outlook.
The US Census Bureau's latest data reveals a slight dip in income inequality and a rise in median household income. The nation is becoming more diverse, with increases in Asian and Hispanic populations, while fewer people are getting married. Additionally, residential mobility decreased amid rising housing costs for both homeowners and renters.
Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world's richest person. This happened after Oracle shares surged, increasing the company's market value significantly. Oracle's rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the dynamic nature of wealth rankings.
A policy clash between the U.S. and EU over Russian oil exports to India is anticipated to slightly reduce crude flows in October. President Trump's demand for India to halt Russian oil imports, coupled with increased tariffs, contrasts with the EU's price cap scheme. This discord creates confusion and compliance challenges, potentially weakening sanctions against Russia.
