Author: Press Room

Ratan Tata, the former Tata Group chairman, has died at the age of 86, according to a statement from the Indian conglomerate. “It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” the statement read. In a post on X, Indian Prime Minister Narendra Modi reacted to Tata’s passing. “Ratan Tata was a visionary business leader, a compassionate soul and an extraordinary human being,” he wrote. Tata retired as chairman in 2012 and was currently Chairman Emeritus…

IDT Corporation (NYSE:IDT) Q4 2024 Earnings Conference Call October 8, 2024 5:30 PM ET Company Participants Shmuel Jonas – Chief Executive OfficerMarcelo Fischer – Chief Financial Officer Conference Call Participants Greg McKinley – Asymmetric Management Operator Good evening, and welcome to the IDT Corporation’s Fourth Quarter and Full Fiscal Year 2024 Earnings Call. In today’s presentation, IDT’s management will discuss IDT’s financial and operational results for the three- and 12-month periods ended July 31, 2024. During prepared remarks by IDT’s Chief Executive Officer, Shmuel Jonas, all participants will be in listen-only mode. [Operator Instructions] After Mr. Jonas’ remarks, Marcelo Fischer,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brazil’s supreme court on Tuesday authorised the restoration of public access to Elon Musk’s X following a month-long ban, after the billionaire backed down in his feud with the top tribunal and agreed to remove extremist content from the social media platform.The climbdown represents an about-face for Musk, who for months had taunted the court, accusing Justice Alexandre de Moraes of being a “dictator” for demanding that X remove accounts linked to far-right groups in Brazil.“This quarrel with X demonstrated that no…

Harris reacts to claim Trump secretly sent Putin individual Covid tests at height of pandemic During an interview at “The Howard Stern Show,” Vice President Kamala Harris reacted to new details from journalist Bob Woodward’s book claiming former President Donald Trump sent a secret shipment of Covid-19 testing equipment to Russian President Vladimir Putin for his personal use during the height of the pandemic. Read the full article here

Democratic presidential candidate Kamala Harris has backed an earth-shattering idea: For the first time, traditional Medicare would pay for personal assistance at home and related long-term care. Currently, only Medicaid and certain Medicare managed care programs provide long-term care benefits. Harris endorsed the idea in an appearance on the television show The View and her staff heavily promoted her initiative to news organizations. She’d break down the six-decade wall between traditional Medicare and long-term care and potentially vastly expand government support for frail older adults and their families. In her television appearance, Harris spoke passionately about being a caregiver for…

Washington D.C., Denver and Raleigh, North Carolina, are the real estate markets that are projected to see the most substantial changes as the Federal Reserve begins to lower borrowing rates.  According to a new Realtor.com report published Tuesday, markets with a high percentage of homeowners with a mortgage stand to see the most changes. In Washington and Denver, for instance, almost 75% of owner-occupied homes have a mortgage.  But the effect of lower mortgage rates will differ depending on mortgage usage and homeowners in these areas, according to the real estate firm.  FEDERAL RESERVE CUTS INTEREST RATES BY HALF-POINT; FIRST RATE…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are rallying Tuesday after a nearly 1% drop in the S & P 500 in the prior session. A reversal of two recent trends are helping lift the market. First is the drop in the price of oil. Over the past week, we’ve seen the broader market sell-off when oil spiked on Middle East tensions. The opposite is happening Tuesday, although the market came off its highs of…

Shares of Trump Media surged nearly 19% on Tuesday, putting the Truth Social operator on track for its fourth straight day of gains — its longest positive price streak since June.DJT shares at one point jumped to $22 in extremely heavy trading, nearly 90% higher than the company’s intraday low of $11.75 per share on Sept. 24. Trump Media ended the trading day up 18.5% at $21.80 per share.But the stock price remains well below its peak in late March, when shares hit $79.38 during the company’s trading debut on the Nasdaq.More than 45 million DJT shares were exchanged Tuesday,…

The window for a final 2024 presidential debate between former President Donald Trump and Vice President Kamala Harris is closing. CNN has publicly offered to host a debate in Atlanta on October 23. Harris has accepted the invitation and welcomed the chance to debate Trump again, but Trump has rejected her calls. On Tuesday, CNN stepped up the pressure by writing to both campaigns and setting a Thursday deadline for a formal response. Debates, after all, can’t be produced overnight; the events take time to organize. “CNN sent invitations on September 21 to both Vice President Harris and former President Trump’s campaigns to participate in…

This article was written byFollowKhaveen Investments is a Macroquantamental Hedge Fund managing a portfolio of globally diversified investments. With a vested interest in hundreds of investments spanning diverse asset classes, countries, sectors, and industries, we wield a multifaceted investment approach that combines top-down and bottom-up methodologies, integrating three core investment strategies: global macro, fundamental, and quantitative strategies. We serve accredited investors throughout the globe, which include HNW Individuals, Corporates, Associations, and Institutions. At the heart of our investment prowess lies specialized expertise in cutting-edge technologies that are reshaping the fabric of numerous industries. Our strategic focus revolves around the transformative…