tag: Kaustubh Bagalkote

Billionaire Ray Dalio Warns Fed Faces Tough Road Ahead Balancing Interest Rate Cuts And ‘Enormous’ US Debt Amid $1 Trillion In Interest Payments This Year

by

Billionaire investor Ray Dalio has highlighted the difficulties faced by the U.S. Federal Reserve as it navigates interest rate cuts amid a heavily indebted economy. What Happened: On Thursday, Dalio the founder of Bridgewater Associates said that the Fed must balance keeping interest rates high enough to benefit creditors while not excessively burdening debtors, Dalio said … Read more

Trump Pays Up For Smash Burgers And Diet Cokes With Bitcoin During New York Campaign Halt — Move Hailed As ‘One Of The Most Historic Transactions’

by

Ahead of the 2024 presidential election, former President Donald Trump made headlines with a notable campaign stop in New York City. What Happened: Former President Trump made a campaign stop at PubKey, a crypto-themed bar in New York, on Wednesday. Trump paid for smash burgers and Diet Cokes using Bitcoin BTC/USD, reported The Wall Street … Read more

Mike Johnson Says Fed Chair Jerome Powell Admitted Biden-Harris Immigration Policies Have Raised Unemployment And Are ‘Harming American Workers’ — Elon Musk Amplifies Discussion

by

Speaker Mike Johnson (R-La.) claimed on X that Federal Reserve Chairman Jerome Powell admitted President Joe Biden and Vice President Kamala Harris‘ administration’s immigration policies are contributing to higher unemployment rates. Powell’s comments were made during a postmeeting press conference. What Happened: Johnson shared a video clip where Powell was questioned about the recent job … Read more

Chipotle Introduces ‘Autocado’ Robot To Streamline Guacamole Preparation At Select California Locations – Chipotle Mexican Grill (NYSE:CMG)

by

Chipotle Mexican Grill CMG unveiled two new collaborative robotic prototypes designed to work alongside humans to improve efficiency. The prototypes, Autocado and the Augmented Makeline, have been introduced at select California locations on Tuesday. What Happened: Autocado is a robot that processes avocados by cutting, coring, and peeling them before they are hand-mashed into guacamole. … Read more

Bill Gates Highlights Need For Wealthier Nations To Refocus On Aid To Africa Amid ‘Significant’ Funds Going To Ukraine, Advocates Debt Relief

by

Tech billionaire and philanthropist Bill Gates called for wealthier nations to boost their support for African countries, at the release of the Bill & Melinda Gates Foundation’s annual Goalkeeper’s report. What Happened: Gates highlighted that development funds are increasingly diverted to humanitarian crises like the war in Ukraine and global refugee support, leaving Africa with … Read more

Nvidia Supplier ASML Among Firms That Face Potential New Export Restrictions As US, Japan Move To Limit Chip Technology To China: Report – NVIDIA (NASDAQ:NVDA), ASML Holding (NASDAQ:ASML)

by

Ahead of the November presidential election, the U.S. and Japan are on the verge of finalizing a deal to limit the export of chip technology to China. What Happened: The agreement aims to address loopholes in existing export rules and impose new restrictions reflecting the rapid advancements of Chinese companies in chip production over the … Read more

Titanic Shipbuilder Goes Insolvent After 163 Years, $264M Funding Request Denied By Authorities

by

Harland & Wolff, the historic UK shipbuilder known for constructing the Titanic, declared insolvency on Monday. What Happened: The 163-year-old company announced it would likely enter administration in the coming days after failing to secure necessary funding. Administration allows UK companies to restructure instead of immediate liquidation. Harland & Wolff’s request for a £200 million … Read more

HPE CEO Defends $4B Lawsuit Against Late Tech Magnate Mike Lynch’s Estate, Says It Is In Shareholders’ Best Interest To ‘Make The Difficult Decisions’ – Hewlett Packard (NYSE:HPE)

by

Hewlett Packard Enterprise HPE CEO Antonio Neri has defended the company’s decision to continue its $4 billion lawsuit against the estate of Mike Lynch, following the tech magnate’s recent death. What Happened: Neri stated that the lawsuit, which seeks damages related to the 2011 acquisition of Autonomy, is in the shareholders’ best interest, reported Financial … Read more

Biden And Harris’ Push To Block $14.1B US Steel Acquisition By Nippon Steel Faces Committee Delay: Report – Nippon Steel (OTC:NPSCY), United States Steel (NYSE:X)

by

As President Joe Biden and Vice President Kamala Harris aim to block the $14.1 billion takeover of United States Steel Corporation X by Japanese Nippon Steel NPSCY, the legislative committee responsible for reviewing the deal has delayed proposing recommendations to Biden’s desk. What Happened: Amid the mixed views over the deal by union members and … Read more

Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: ‘Even Her Tweets Are Not Her Own’

by

Recent comments by prominent figures have sparked debate over Vice President Kamala Harris‘s social media activity and public engagement. Bill Ackman, CEO of Pershing Square Capital Management, raised questions about Harris’s involvement in her own X posts during the recent presidential debate. What Happened: Ackman suggested on X (formerly Twitter) that Harris does not write … Read more

close button