US finalises $4.7 billion in CHIPS Act subsidy to Samsung
The US Commerce Department has awarded Samsung Electronics up to $4.745 billion in direct funding to support the South Korean tech giant’s chipmaking investment in central Texas, as it strives to strengthen domestic semiconductor production. The announcement came after the department announced a
Department of Justice case against Adani ‘flimsy, baseless’: Mahesh Jethmalani on US attorney’s resignation
The US Department of Justice’s (DoJ) indictment of Adani Group officials in an alleged bribery case is “extremely flimsy,” senior advocate Mahesh Jethmalani said on Friday, as Breon Peace, the US Attorney behind the case, announced his resignation. According to reports, Brooklyn US
US and India discuss advancing space partnership, announce initiatives
The US and India are set to strengthen space cooperation, including human spaceflight and joint space exploration, and are expected to facilitate commercial partnerships between space companies of both countries to advance shared interests in the growing space economy. After US President Joe
US stock market reacts to Fed’s rate cut: analysts see overreaction, eye opportunities
By Dr. Avi Verma, IndoUS Tribune U.S. stock markets experienced a sharp decline following the Federal Reserve’s latest policy move, with the S&P 500 and Dow Jones dropping nearly 3%, and the Nasdaq 100 falling by almost 4%. The sell-off was triggered by
Trump pressures EU to boost US energy imports, threatens tariffs
Former U.S. President Donald Trump has urged the European Union to significantly increase its purchases of American oil and natural gas, warning that failure to address the trade imbalance could result in steep tariffs on European goods. In a statement on his Truth
Japanese auto giants Honda and Nissan in talks for landmark merger to rival Chinese EV dominance
In a pivotal move that could reshape the global automotive landscape, Japanese automakers Honda and Nissan are reportedly in discussions for a potential merger. The alliance, if finalized, would create the world’s third-largest car manufacturer, combining strengths to counter the growing influence of
Personal finance insights: Market sentiments, investment strategies & economic trends
By: Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread +11.6% (above average)$NYA50R, NYSE %Above 50-dMA 50.76% (positive, barely)$SPXA50R, SP500 %Above 50-dMA 47.60% (negative)Delta MSI 60.2%% (positive, lagging) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 61.62%, Hybrids 4.36%, Bonds 17.84%, M-Mkt
Indian share market opens in red as US Fed warns of fewer rate cuts in 2025
The Indian stock market opened in the red on Thursday after the US Federal Reserve cut interest rates by 25 basis points but warned that rate cuts in 2025 may not be as frequent as previously anticipated. With the Fed’s focus shifting towards
How Google News fought misinformation in India in 2024
From major elections to global conflicts and crises, 2024 was a pivotal year for the news industry, according to Google News. These significant events underscored the crucial role of newsrooms in providing accurate and timely information, the company noted, highlighting its efforts to
The high cost of truth: Tech whistleblowers who paid the ultimate price: by Dr. Avi Verma
The tragic death of Suchir Balaji has put a spotlight on the dangers faced by whistleblowers in the technology industry. A 26-year-old AI researcher and former OpenAI employee, Balaji exposed alleged copyright violations in the company’s use of data to train its models,
OpenAI whistleblower Suchir Balaji found dead at US apartment
Suchir Balaji, an OpenAI whistleblower, has been found dead inside his apartment in San Francisco, according to multiple reports. In October, the 26-year-old AI researcher raised serious concerns about Sam Altman-run ChatGPT maker OpenAI “breaking copyright law.” According to the San Jose Mercury
Donor Advised Funds – DAFs
Dr K C Gupta, YBB Personal FinanceDonor Advised Funds (DAFs; 1931- ) function like your own personal charitable foundation but without the expenses & headaches of actual foundations. Many wealthy people (including billionaires) are now using DAFs exclusively, or in addition to complex
Big tech faces uncertain future under new FTC leadership: AI at the center of the debate
By: Dr. Avi Verma The departure of Lina Khan as FTC Chair is a notable shift for Big Tech, but her replacement, Andrew Ferguson, brings his own set of challenges. Khan’s tenure was marked by aggressive antitrust scrutiny against Amazon, Meta, and Microsoft,
Dr. Avi Verma visits Punjab Kesari, explores collaborative opportunities
Dr. Avi Verma, Publisher of IndoUS Tribune, paid a visit to Shri Vijay Chopra, the veteran journalist and head of Punjab Kesari, Jalandhar. The meeting centered around discussions on significant issues affecting Indo-US relations, India’s rising influence on the global stage, and the potential for
RBI gets bomb threat in ‘Russian’ language, 2nd time in a month
Following a string of online bomb threats in the country, the Reserve Bank of India (RBI) has received a bomb threat via email, marking the second such incident this month for the central bank. Apparently written in the Russian language, the email was
Shaktikanta Das praises RBI-Finance Ministry coordination in farewell address
In his farewell address, outgoing Reserve Bank of India (RBI) Governor Shaktikanta Das praised the strong coordination and cooperation between the RBI and the Finance Ministry over the last six years. He highlighted that while the perspectives of the central bank and the
ED Begins Restitution of Assets in Mehul Choksi Fraud Case
The Enforcement Directorate (ED), in collaboration with Punjab National Bank (PNB) and ICICI Bank, has initiated the restitution of properties linked to the Mehul Choksi bank fraud case. This step is part of efforts to return seized and attached assets to the rightful
PM Modi inaugurates Rising Rajasthan summit and global business expo in Jaipur
Prime Minister Narendra Modi arrived in Rajasthan on Monday to inaugurate the ‘Rising Rajasthan Global Investment Summit’ at the Jaipur Exhibition and Convention Center (JECC) in Sitapura. He also inaugurated the ‘Rajasthan Global Business Expo.’ PM Modi is scheduled to address the inaugural
PM Modi’s four-pillar strategy driving India’s growth, says Ashwini Vaishnaw
India’s growth story is being propelled by Prime Minister Narendra Modi’s four-pillar strategy, even amidst global instability and geopolitical tensions, Union Minister Ashwini Vaishnaw said. Addressing the NDTV Indian of The Year event, Vaishnaw highlighted that the country’s sustained growth rate of 6-8%
Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread -1.5% (below average)$NYA50R, NYSE %Above 50-dMA 65.34% (positive)$SPXA50R, SP500 %Above 50-dMA 71.00% (overbought, barely)Delta MSI 66.4% (positive) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 61.62%, Hybrids 4.36%, Bonds 17.84%, M-Mkt 17.17% INTEREST RATESCME