1 / 11Wall Street had a mixed session on Thursday as investors reacted to the results announced by Nvidia after the bell on Wednesday. The Dow Jones gained 250 points to announce a new closing record of 41,335, led by gains in Goldman Sachs and Visa shares. The S&P 500 closed just below the flat line. While Nvidia shares fell 6.4%. The Nasdaq fell 0.2%. Losses were cushioned by some big tech names and a better-than-expected GDP figure.
2 / 11Donald Trump appears to be delving even deeper into the world of digital assets, saying he will unveil plans to ensure the United States is the “crypto capital of the planet.” The former US president and current Republican Party candidate for the office was not more specific in a video message on social media platform X on Thursday. The post included a link to World Liberty Financial, a decentralized finance project that his children have been promoting. “This afternoon, I am laying out my plan to ensure that the United States is the crypto capital of the planet,” Trump said in the video.
3 / 11The fallout from Elon Musk’s clash with Brazil’s top Supreme Court justice has spilled over into the billionaire’s businesses, as the judge vowed to shut down X and block Starlink’s bank accounts in Latin America’s largest economy, Bloomberg reported. Supreme Court Justice Alexandre de Moraes is spearheading efforts to combat fake news and hate speech in Brazil. Musk and right-wingers in the country, including former President Jair Bolsonaro, say the judge is overstepping his bounds and undermining free speech.
4 / 11Democrat Kamala Harris is leading Republican Donald Trump 45% to 41%, according to a Reuters/Ipsos poll released on Thursday that showed the vice president was generating new enthusiasm among voters and shaking up the race ahead of the Nov. 5 election. The 4 percentage point lead among registered voters was larger than the 1 point lead Harris held over the former president in a Reuters/Ipsos poll from late July. The new poll, which was conducted over the eight days ending Wednesday and had a margin of error of 2 percentage points, showed Harris was gaining support among women and Hispanics.
5 / 11Dell Technologies Inc. reported better-than-expected revenue on a surge in sales of its servers to handle artificial intelligence workloads. Orders for AI-optimized servers were $3.2 billion in the fiscal second quarter, up from $2.6 billion in the prior period, Dell said in a statement Thursday. The sales backlog for the equipment was $3.8 billion, and the deal pipeline is “several multiples” of that, Chief Operating Officer Jeff Clarke said in the statement. Shares rose 3.3% in after-hours trading.
6 / 11The last time the Nifty gained 11 days in a row was almost two decades ago, way back in September 2007. The 11th day of gains during its monthly expiry session came courtesy of Reliance Industries, which we at CNBC-TV18 had suggested as a possibility that the stock could pull up its hand and lead the Nifty higher. One-third of the Nifty’s gains on Thursday came from Reliance Industries. The index would look to extend that winning streak ahead of MSCI adjustments later today.
7 / 11“Reliance Group is on track to double its size before the end of this decade and grow faster in the decades to come. This will further consolidate our position among the most respected and valuable companies in the world,” Chairman and Managing Director Mukesh Ambani said at the company’s Annual General Meeting on Thursday. The company will also consider a 1:1 bond issue at its board meeting on September 5. Key points here.
8 / 11In a virtual address to shareholders during the company’s Annual General Meeting (AGM) on Thursday, Reliance Industries Limited (RIL) Chairman Mukesh Ambani also outlined the company’s ambitious journey to become a leading deep tech company. continuous technological transformation It is poised to drive hypergrowth across all business segments.
9 / 11Sugar stocks will be in focus after the government allowed ethanol production from cane juice, B heavy molasses and C heavy molasses by 2024-25. This is very positive for stocks like Balrampur Chini, Shree Renuka Sugars, Dwarikesh and others. It is also positive for Praj Industries as it offers technical assistance to the distillery industry.
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11 / 11Troubles are mounting for SpiceJet as the DGCA has put the airline under heightened surveillance with immediate effect. This would mean an increase in the number of random checks and night surveillance to ensure safe operations. The airline has also placed 150 cabin crew on leave for three months.
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