Election Financial News

Subscribe to enjoy similar stories. When the Biden administration said in March that it supported legislation that could ban TikTok, Tony Sayegh jumped into action. Sayegh, the head of public affairs at one of TikTok’s biggest investors, had become an unofficial adviser to the Chinese-owned social-media giant as it navigates survival in the geopolitical crosshairs of the world’s two superpowers.

Higher interest rates should help prevent NIM contraction, and higher inflation could drive credit growth by an additional 100-150 bps, says Santosh Pandey, President & Head at Nuvama Professional Clients Group. Banks are currently trading at reasonable valuations, Pandey said as he opines that higher interest rates could benefit banking stocks, assuming no major surprises in asset quality. Excerpts:

An angry Rudy Giuliani lost his cool in the courtroom Tuesday, lashing out at the judge overseeing his defamation payout, saying “I can’t pay my bills.”

The bill that would make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent young children from holding accounts. It is likely to be passed by the Senate on Thursday, the Parliament's final session for the year and potentially the last before elections, which are due within months.

Shiv Sena leader Shaina NC on Thursday said that looking at the work done by caretaker-Chief Minister Eknath Shinde during his tenure, he should have been the «natural choice» for leading the state government once again. «The strike rate of all three parties has been so stupendous that every party will want its leader to become the Chief Minister. But we feel that the way Eknath Shinde has worked on the ground, without any allegation and for the common man and led us to victory, he should have been the natural choice,» she told ANI.

Subscribe to enjoy similar stories. Results of the assembly elections in Maharashtra and Jharkhand brought the incumbents back to power. Election outcomes are difficult to analyse, given the complexity of India’s electoral system, dynamics of rival parties and the role played by caste, class, religion and local factors.

Across what was once South America’s second-largest producer of natural gas, everyone is searching for fuel

Mark Zuckerberg met Wednesday with President-elect Donald Trump in a rare face-to-face encounter, the latest attempt by the Meta CEO to establish a positive rapport with Trump. The meeting, confirmed by three people with knowledge of the matter, was initiated by Zuckerberg, who has had a strained relationship with Trump over the past decade. Trump, who has long maintained that Meta has unfairly restrained him and other conservatives across its social media apps, has lobbed broadsides against Zuckerberg on social media and during stump speeches. Zuckerberg flew in to West Palm Beach, Florida, on Tuesday evening before joining Trump at his hotel and club, Mar-a-Lago, on Wednesday, according to the people, who spoke on the condition of anonymity because they were not authorised to discuss the meeting. The two men largely exchanged pleasantries, with Zuckerberg congratulating Trump on winning the presidency.

Devendra Fadnavis is widely expected to be sworn in as Maharashtra's next Chief Minister following a green signal from the BJP central leadership. After Shinde's resignation on November 26, it cleared the path for a Fadnavis-led government. The Maharashtra Governor had requested Shinde to continue as caretaker chief minister until the new government is formed. The swearing-in ceremony is scheduled for December 2 at Mumbai’s iconic Shivaji Park, with an elaborate event planned by the BJP, featuring dignitaries and religious leaders.

The Australian Senate is debating a ban on children younger than 16 from social media after the House of Representatives overwhelmingly supported the age restriction

Maharashtra CM LIVE updates: Amid speculations of whether Devendra Fadnavis would be the next Maharashtra Chief Minister, the state's caretaker PM Eknath Shinde said he “fully supports" BJP's decision in the matter.Despite the Mahayuti's landslide victory, the BJP has remained silent on the announcement of the next Chief Minister. However, the party is reportedly under pressure from its MLAs, many of whom are advocating for the Chief Minister to be from the BJP.

Making Money Charles Payne discusses the return of animal spirits since Trump won the election.

US Vice President Kamala Harris's defeat to US President- elect Donald Trump in the recent US Presidential elections; numerous factors are being analyzed to understand the loss. According to CNN, several supporters are eventually grappling with the implications of Donald Trump's victory, specifically given that he won less than half of the popular vote but secured all swing states. CNN reported that prominent figures like Rev. William J. Barber II placed an argument that both racism and sexism played significant roles in the US Presidential election outcome alongside economic concerns that resonate with the working-class voters. Also Read: Billboard ranks Taylor Swift as the No. 2 greatest pop star of the 21st century, who will be No. 1? This singer's name is doing the rounds

Nickelodeon.

US Constitution, US President- elect Donald Trump will receive an annual salary of $400,000, as determined by Congress. According to GO Banking Rates, in addition to this base salary, the US President is entitled to several allowances that enhance his financial package. These allowances include a $50,000 presidential expense account for personal and professional expenses, a $100,000 travel fund for official travel and an entertainment budget of $19,000 per year for hosting events. Also Read: Do Queen Camilla and Kate Middleton have a tense relationship? Her role in the monarchy may be re-evaluated when William becomes the king

president-elect's aide's adoring letters, Trump attacks the New York Times and its third-rate writer. In an overnight Truth Social tirade, Donald Trump attacked the failing New York Times, calling for an apology for its junk coverage of him and specifically targeting its correspondent Maggie Haberman. The president-elect wrote in the post, «Will the failing New York Times apologise to its readers for getting years of 'Trump' coverage so wrong?» They write such fake 'junk,' knowing full well how wrong it is, only to make fun of it, as quoted in a report by The Independent. The newspaper has a long history of rigorous fact-checking and has been transparent about its methods. Also Read: Is the war over and will Ukraine surrender? Russia is advancing in the country at the fastest rate since 2022

A senior official in President Joe Biden’s administration who oversaw its contentious efforts to address climate change by curbing drilling and mining on federal lands has been named the next president of a prominent environmental group

Subscribe to enjoy similar stories. Elections in India have become a trial by fire for pollsters. The ones who get it right are celebrated for their prescience.

Infosys, has drawn significant criticism after suggesting that India’s civil services could benefit from recruiting officers directly from business schools instead of relying solely on the Union Public Service Commission (UPSC). Speaking at the CNBC-TV18 Global Leadership Summit on November 14, Murthy argued that India's bureaucracy should shift from an «administrative mindset» to a «management mindset.» According to Murthy, the current system of governance, which is based on the UPSC examination process, produces civil servants who are trained to maintain the status quo rather than to bring about innovation, vision, and rapid execution.

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says capital goods is perhaps the best performing sector in terms of numbers, because the profit growth of all the capital goods companies and even the order books have been looking quite decent. In the capital goods space, play the entire automation and electrification theme this year. Companies like Siemens, ABB, and to some extent even GE T&D, Schneider stack up there. Among these ABB and Siemens seem to be the largest and very formidable players. The markets may have taken a bit of a breather yesterday after two days of a stupendous rally. The IT sector definitely stood out, hitting record highs. How much further can this rally sustain within IT? Amnish Aggarwal: As far as the IT sector is concerned, there are two things. First of all, with the US elections getting over, now people are getting more comfortable that the IT spending will likely start and they will get more clarity. Secondly, the kind of fear people had earlier that once the Trump administration comes, there would be much more embargo on H-1B visa and I think that, that is not going to be there. So, there are pockets within IT where there will be stress in some European markets and ER&D is not doing well across segments.

COP29 climate conference in Azerbaijan at the weekend as a sort of diplomatic echo of the US election result three weeks earlier. In the US, progressives found themselves blocked by a surprisingly strong coalition of both traditional Republicans, and a faction of working class and non-White supporters whom they’d regarded, perhaps naively, as their natural allies. At the United Nations climate conference in Baku, rich nations found that efforts to reduce their own emissions and fund climate programs elsewhere in the world bought them little favor with developing countries most at risk of global warming. Both situations are powerful examples of aspirational politics. Since the 19th century, conservatives have marketed themselves to the electorate by arguing that their policies were the best way to achieve the wealth and independence sought by working-class voters.