Experts Financial News

US elections are just inches away now and with it, the hopes and aspirations of the middle class are also in major consideration. According to John F. Pace, a seasoned CPA with over 40 years of experience, a second Trump term would likely impact the middle class through tax policy changes. During Trump's first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered limited benefits to middle-income earners, while providing more extensive benefits to the wealthy and corporations. Pace warns that similar policies in the future could result in minimal tax relief for the middle class, leading to larger budget deficits and potentially paving the way for future tax increases or cuts in essential services. The nonpartisan Brookings Institute has also weighed in on the impact of the TCJA, stating that the law does not help the middle class in the least bit. The institute's distributional analysis found that the benefits of the law are slightly biased towards the high income earners, both in the short and long term. By 2027, the benefits of the tax law are expected to flow entirely to the rich.

Cuba’s large-scale blackouts that left 10 million people without power this month wouldn’t have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say

Before the National Toy Hall of Fame inducts a new class each fall, curators at the upstate New York attraction have to figure out how to showcase the honorees

Netflix has renewed the romantic drama Virgin River for a seventh season. This renewal arrives two months before the Season 6 premiere. The cast made this announcement on the official Instagram page of Virgin River.

capital on Wednesday mainly driven by festive and wedding season demand, according to the All India Sarafa Association. Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg. Gold prices of 99.9 per cent and 99.5 per cent purity rose by Rs 500 each to Rs 81,500 per 10 grams and Rs 81,100 per 10 grams, respectively.

bird flu among the nation's dairy cattle after pushback from state and industry officials, according to state and federal records seen by Reuters. The communications, which have not previously been reported, show how the early federal response to the U.S. bird flu outbreak was shaped in part by industry interests reluctant to cooperate with burdensome regulation, and potentially contributed to transmission of the disease across state lines. The USDA's order, released in April after bird flu cases were discovered in cows in eight states, requires milk-producing dairy cattle moving across state lines to secure a negative bird flu test no more than seven days prior to travel. It also allows non-producing cattle headed to slaughter to cross state lines without a veterinarian's clean bill of health.

Supreme Court has allowed fugitive Islamic preacher Zakir Naik to withdraw his plea to consolidate multiple hate speech cases against him. A bench comprising Justices Abhay Oka, Ahsanuddin Amanullah, and Augustine George Masih granted the withdrawal after Naik informed the court that he plans to approach the respective High Courts to seek the quashing of these cases, reported Bar and Bench. The Maharashtra government previously questioned Naik's ability to approach the Supreme Court given his fugitive status. The court had permitted the state to file a counter-affidavit to present their objections about the maintainability of Naik's plea. Earlier, Centre also questioned before the Supreme Court the maintainability of a plea filed Zakir Naik seeking clubbing of FIRs filed in different states over his purported statements during the Ganapati festival in 2012.

life sciences vertical, Pune-based mid-tier IT engineering services firm Persistent Systems expects the vertical to clock about two and a half times increase in revenue to $1 billion in the next three to five years. Revenue from the vertical is a little below $100 million per quarter and it is growing 71% year-on-year, chief executive Sandeep Kalra told ET, saying “that’s a dream come true”. The vertical’s contribution to the company’s total revenue has increased by 8 percentage points in the past four quarters, to 27.8% in the July-September quarter from 19.3% in the year-ago period.

BRICS Summit, Prime Minister Narendra Modi underscored the importance of a united front against terrorism and terror financing. “In order to counter terrorism and terror financing, we need the single-minded, firm support of all. There is no place for double standards on this serious matter,” he said. Modi called for coordinated action to prevent youth radicalization, warning that failing to act could worsen the threat. He further emphasized the need to move forward on the «long pending matter in the UN of the Comprehensive Convention on International Terrorism.» Modi’s comments come against the backdrop of ongoing tensions within BRICS member countries. China's earlier move to block the designation of Pakistan-based terrorist Sajid Mir, involved in the 26/11 Mumbai attacks, as a global terrorist by the UN Security Council, highlighted ongoing differences. Nevertheless, Modi reiterated the need for collaboration, particularly on counter-terrorism measures, without selective approaches.

The underlying trend of Nifty remains weak. Having placed around the crucial support as per weekly charts, one may expect chances of an upside bounce from here or from the lows. A sustainable close only above 24,650-24,700 levels could confirm the upside bounce. However, a slide below 24,350 is likely to drag Nifty down to 24K mark in the near term, said Nagaraj Shetti of HDFC Securities.

Nagesh Kumar, the newest member of the Reserve Bank of India’s Monetary Policy Committee (MPC), has pointed to demand deficits in both domestic and international markets as a primary reason for the lack of momentum in private investment. In the minutes of RBI MPC's October meeting, Kumar has highlighted that despite companies maintaining healthy balance sheets and the government’s various reforms and incentives, private sector investment is yet to pick up. Kumar, who was the sole MPC member advocating for a rate cut in the latest meeting, believes that weak demand is holding back the investment recovery.

Reham, who worked with Hania in the 2016 film Janaan, has closely followed the actress's remarkable journey from social media sensation to one of Pakistan's most beloved stars. Reflecting on Hania's early days of creating Dubsmash videos, Reham shared her pride in watching the actress evolve into a top-tier talent in the entertainment world. “Hania is truly a one-of-a-kind talent,” Reham remarked, adding that the actress's success was inevitable due to her dedication and charm.

Isha Ambani, are celebrating their birthday today. A video showing Isha and Akash, along with Shloka Mehta, enjoying a night ride in their Rolls Royce on the streets of Mumbai is making rounds on social media. The viral clip shows the duo and Akash’s wife, Shloka Mehta, riding in a top-down Rolls-Royce. The video was shared by an Instagram page Soch! India with a brief caption, which read, "Ambani twins Isha and Akash take luxury to the next level with a joy ride in a stunning top-down Rolls! Just a casual day of living the dream." (sic). The video showed Akash driving the Rolls Royce, with Isha sitting beside him. Akash's wife Shloka Mehta entrepreneur and philanthropist, is seen sitting at the back. All three smile for a brief moment as they look at the camera. The video opens with a text that reads, “Nothing like a joy ride in a top-down Rolls for Ambani twins. Isha and Akash living their best life on the open road.”

HUL) has provided a cautiously optimistic outlook for the upcoming quarters, suggesting that demand trends are likely to remain stable. As the FMCG giant navigates the evolving market landscape, it anticipates that low-single-digit price growth may be achievable if commodity prices stabilise at their current levels. In its second quater result the FMCG major witnessed a decline in food & refreshment and personal care segment. HUL's expectation of low-single-digit price growth is contingent on the stabilisation of commodity prices. Inflation often drives up the costs of raw materials, which can lead to increased prices for consumers. By indicating that price growth may remain stable if commodity prices stabilise, it could possibly mean easing inflationary pressures, which would be beneficial for both the company and consumers. Rohit Jawa, CEO and Managing Director of HUL, noted that while urban markets have experienced moderating growth in demand, rural areas are on a path to gradual recovery.

Yann LeCun, vice president and chief AI scientist at Meta on Wednesday. Social media giant Meta's first Build with AI Summit in India was held here to discuss AI's transformative role in shaping the future of humankind. «AI assistants will eventually be smarter than us, but we should not feel threatened by that. We should feel empowered by it. It's kind of like everybody would walk around with a staff of smart people working for them. There is nothing better than working with people smarter than you, right?» said LeCun in his keynote address. According to him, everybody is going to be smarter because of that. «It's not just people like us in the tech community or in academia. It's going to be everyone. Everyone in India, even in rural areas, can ask questions to their AI assistants in their own language or for health issues, whatever. And it's a very different future that will become possible,» he added.

Xi Jinping held their first formal talks in five years on Wednesday, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover. The two leaders met on the sidelines of the BRICS summit in the Russian city of Kazan, the Indian government and Chinese state media said, two days after New Delhi announced that it had reached a deal with Beijing to resolve the four-year military stand-off on their disputed Himalayan frontier. Relations between the world's two most populous nations — both nuclear powers — have been strained since a clash between their troops on the largely undemarcated frontier in the western Himalayas of Ladakh left 20 Indian and four Chinese soldiers dead in 2020.

Hezbollah escalate, a missile strike on an apartment building in Beirut was captured live by Bilal Hussein, an Associated Press (AP) photographer. The incident is part of Israel's ongoing military campaign in Lebanon, aimed at targeting Hezbollah strongholds in the region. The dramatic moment occurred after an Israeli warning allowed the building to be evacuated. Hussein, who was positioned behind a tree for cover, was able to document the missile’s descent just moments before it struck, capturing the projectile’s final approach.

Many car shoppers like the idea of hybrids, but not the upfront premium that often is thousands more than the sticker price of a non-hybrid model

Contract research and manufacturing services firm Syngene International on Wednesday reported a 9 per cent on-year decline in consolidated profit after tax to Rs 106 crore in the second quarter of FY25. The company reported a profit after tax (PAT) of Rs 117 crore in the July-September quarter of last fiscal. Revenue from operations declined to Rs 891 crore in the September quarter compared with Rs 910 crore in the year-ago period, Syngene International said in a statement.

Groww Mutual Fund has filed a draft document with Sebi for Nifty 500 Momentum 50 ETF Fund, an open‐ended scheme tracking the Nifty 500 Momentum 50 Index – TRI. The investment objective of the scheme will be to generate long-term capital growth by investing in securities of the Nifty 500 Momentum 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 500 Momentum 50 Index, subject to tracking errors. Also Read | 8 smallcap MFs multiplied SIP investments by over 2.25x in 5 years

Triveni Engineering & Industries Ltd.(up 3.35%), Mawana Sugars Ltd.(up 2.34%), Dwarikesh Sugar Industries Ltd.(up 2.32%), Shree Renuka Sugars Ltd.(up 2.07%), Magadh Sugar & Energy Ltd.(up 1.80%), Balrampur Chini Mills Ltd.(up 1.80%), Bajaj Hindusthan Sugar Ltd.(up 1.77%), KM Sugar Mills Ltd.(up 1.76%), Ugar Sugar Works Ltd.(up 1.13%) and Dalmia Bharat Sugar and Industries Ltd.(up 1.12%) stood among the top gainers.