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With Q2 earnings season already turning out to be the worst since March 2020, Sunil Tirumalai, Chief GEM Equity Strategist at UBS, says chances of further earnings cuts are higher than earnings increases. «In the context of slowing signs in the economy (with nominal GDP growth currently in the bottom quartile of 15 year history), renewed fears of slowdown in global trade after changes in US political landscape, and a gradual slowdown in bank credit growth – it is hard to envisage a situation of sharp earnings increase for the stocks,» he says. Edited excerpts from a chat ahead of UBS India Summit:

Sampath Reddy, Founder & CIO, Azurean Investment Managers, says generally speaking the domestic institutions are a lot more bottom-up in terms of investing style and they do have a lot of exposure to the mid and smallcap segment. A continuous positive inflows into the domestic institutions is helping the valuations of mid and smallcap companies. That is why the mid and smallcaps are still relatively expensive. Reddy also says he would not be very optimistic about the way things will pan out when the new US president takes over. He will probably wait and see whether the order books or the new large orders are coming through for the IT services companies. We have seen an uptick in sentiment in IT stocks since the US election. Is it likely to convert into earnings as well? Sampath Reddy: At this moment, most of the analysts are of the opinion that with the expectation of the tax cuts by the new president, there is a possibility that corporates might spend more on the IT side, I think that is what is leading to that optimism. But with the way the commentary has been, I am not sure where the earnings have come for the Q2 numbers. The momentum is mostly waning away. The growth rates are below the expectations for Q2. At this juncture, I would not be very optimistic about the way things will pan out when the new president takes over.

Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday.

Donald Trump headed back to the White House after an election in which candidates backed by the crypto industry overwhelmingly won seats in Congress, the stage appears set for a rush of digital-asset mergers. A half-dozen mergers advisers and venture capitalists interviewed by Bloomberg News after Trump’s emphatic victory said they expect a sharp pickup in activity next year. They cited expectations that Trump will follow through on his pledge to remove US Securities and Exchange Commission Chair Gary Gensler, who’s led a years-long crackdown on the industry, as well as for more favorable legislation.

Subscribe to enjoy similar stories. As Donald Trump prepares to take charge as president, the talk of the town once again is cryptocurrencies, with analysts saying Bitcoin prices may cross $100,000 soon. Mint explains the connection between the cryptocurrency surge and Trump’s return to power.

Subscribe to enjoy similar stories. US-based language learning company Duolingo is looking to roll out its newly launched generative artificial intelligence-backed video calling feature 'Video Call with Lily' in India this month to boost monetization in the country, said its chief business officer Bob Meese. “The video calling feature is our big bet on AI, and we continue to update our AI features.

cryptocurrency, is expected to continue with investors betting on prices to cross $100,000 this year, riding the bullish momentum in the digital currency. It was trading above the $84,500 mark at press time.

Donald Trump's decision to impose higher tariffs on imports may be implemented as soon as he comes to power at the White House on January 20 next year. This is the day he would ascend to power at the White House, backed by a huge mandate from the US Presidential elections, which he achieved by convincingly beating Kamala Harris, by even whitewashing her in all the key swing states.

Bhartia family of the Jubilant Group led by brothers Shyam and Hari Bhartia is in advance negotiations with Goldman Sachs to partner with them to acquire a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the wholly owned bottling arm of the US beverage giant in India – the 5th largest market of the Atlanta based beverages giant. Goldman Sachs is expected to finance the special purchase vehicle (SPV) created to own the HCCB stake, deploying Rs 3000-3500 crore through a convertible preferred equity instrument. A similar sized investment is being made by the Bhartia family themselves, said people aware of the development. The investment by the Wall Street bell weather will be routed through the fast growing Goldman Sachs Alternatives vertical – an overarching vertical that does growth and private equity, hedge fund, real estate and private credit investments.

Akshay Nanavati, a 40-year-old Indian American, embarked on the adventure of a lifetime -a 110-day skiing expedition across Antarctica. If he succeeds, Nanavati will become the first human to complete an unsupported, solo, 2,700-km, coast-to-coast, ski crossing of the coldest, driest, windiest and loneliest continent on the planet. He will be dragging a 200-kg sled packed with food rations and fuel through the distance, surviving temperatures as low as minus 40 degrees. It's what adventurers call 'manhauling.' Preparation itself cost Nanavati — an entrepreneur, speaker and author — the tips of two fingers, lost to frostbite. One was removed because of gangrene. This happened while climbing the Axel Heiberg Glacier in Canada, within the Arctic circle. Back from this ordeal, Nanavati opted for part of the other digit to be removed as well.

Retail investors used the sharp dips in the market in October to add to both their lump sum equity mutual fund schemes and systemic investment plans (SIP), taking both to record highs. Investors bought equity funds worth ₹41,887 crore in October, the highest ever in a month, compared to ₹34,419 crore in September. SIP purchases amounted to ₹25,323 crore, up from ₹24,509 crore in the previous month. Debt funds saw inflows of ₹1,57,402 crore, largely from overnight and liquid funds. Strong flows and an increase in stock market valuation took the total average assets under management of the industry to ₹68.5 lakh crore, against ₹68 lakh crore in the previous month. «We have seen heightened volatility in markets with FIIs (foreign institutional investors) selling due to major global events, including the US elections. The healthy net flows is a testimonial to the resilience amongst domestic investors to continue investing in equities despite market volatility,» said Akhil Chaturvedi, executive director, Motilal Oswal Mutual Fund.

Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check

Former acting ICE Director Tom Homan and Key Square Capital Management CEO Scott Bessent discuss President-elect Trumps plans to tackle immigration and the economy.

Allan Lichtman had actually predicted a win for Kamala Harris over Donald Trump back in the month of September using his ‘Keys to the White House’ model which consisted of 13 true or false questions. According to Business Insider, following the victory of Donald Trump, Allan Lichtman faced severe backlash which included death threats, doxing, swatting attempts and intimidation. More than that, he has already reported two attempts of breaching his home which eventually prompted police involvement. Also Read: Mission: Impossible 8: The Final Reckoning’s release date, trailer, cast and storyline

Tom Cruise’s upcoming movie, Mission: Impossible 8, now titled The Final Reckoning, has revealed its first trailer and official release date. The film, originally intended as a follow-up to Mission: Impossible – Dead Reckoning, is scheduled to premiere in May 2025.

The Associated Press reported that, Donald Trump is also aiming to fire several disloyal employees to reshape the federal government and significantly Special Counsel Jack Smith who had indicted him and punish those involved in the legal cases. Adding on to that Donald Trump has also asserted his intentions of pardoning the individuals who were convicted for their roles in the Capitol Riot which took place on January 6 while he claims that many people are wrongfully imprisoned. Also Read: America’s Sweethearts: The Dallas Cowboys Cheerleaders Season 2: Everything we know so far

Sex Lives of College Girls" is releasing in November. HBO and Max will stream the popular show in the US, as per a report. HBO and Max have a list for upcoming releases. The list also features «The Sex Lives of College Girls» «The Sex Lives of College Girls» will be streaming on HBO and Max from November 21.

To play on a familiar saying: if America sneezes and the world catches a cold, Canada is the first to get sick. As Donald Trump prepares to take office for a second term, Canadians are bracing for a range of policy changes that will inevitably affect our economy — and, by extension, our pocketbooks. While stock and bond markets are already reacting in anticipation of the changes, just how far Trump will go on issues such as trade and immigration remains to be seen. Here’s a look at what economists are predicting could lie ahead.

Investors in Canadian financial stocks are poised to benefit from Donald Trump’s return to Washington with an agenda to cut taxes and regulations, analysts and strategists say.

Shigeru Ishiba on Monday unveiled a $65 billion plan to boost the country's chip and artificial intelligence industries via subsidies and other financial incentives. The plan, which will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, comes as countries look to strengthen control over their chip supply chains after global shocks including trade tensions between the United States and China. Japan's government intends to submit the plan, including bills to support the mass production of next-generation chips, to the next parliament session, according to a draft of the plan seen by Reuters earlier on Monday.

At the U.N. climate talks, U.S. Climate Adviser John Podesta said that Trump will likely pull America out of the landmark Paris Agreement and try to roll back many of the Biden Administration’s signature climate moves, including the 2022 Inflation Redu...