US stocks suffer nosedive, job creation stagnates amid tariff rollouts
02 Aug 2025 | 4:10 PM
New Delhi, Aug 2 (UNI) The US stock market witnessed its worst earnings since May on Friday as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite fell significantly. Dow reported its worst performance with a fall of about 1.23 per cent.
While the S&P 500 and Nasdaq composite fell to about 1.6 per cent and 2.2 per cent, respectively. This stock bloodbath happened amid the tariff rollouts on dozens of trading partners, and a weak job creation report pushed selling pressure. see more..
PSU bank branches legally not authorised to open CBS on Aug 3: Unions
02 Aug 2025 | 3:34 PM
Chennai, Aug 2 (UNI) The United Forum of Bank Unions (UFBU)-an umbrella body of bank unions- has said public sector banks are not legally authorised to open their core banking solution (CBS) on August 3, 2025 though the government has directed the bank branches to be open on that day. see more..
Kottayam-Kochi Rubber Market Rates
02 Aug 2025 | 3:09 PM
Kottayam, Aug 2 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal. see more..
Kottayam-Kochi Rubber Market Rates
02 Aug 2025 | 3:08 PM
Kottayam, Aug 2 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here today per quintal. see more..
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Trump new tariff rates ‘pretty much set,' says US trade representative
Speaking on Sunday, US Trade Representative Jamieson Greer said the rates, set to take effect on August 7, are 'pretty much set,' defending the president's strategy as both economic and geopolitical. read more US Trade Representative Jamieson Greer gives a live TV interview about tariffs at the White House in Washington, DC, US. Reuters New US tariff rates are 'pretty much set' with no immediate possibility for discussion, Donald Trump's trade advisor said in remarks broadcast Sunday, justifying the president's politically motivated charges against Brazil. Trump, who has used tariffs as an instrument of American economic supremacy, has set tariff rates for dozens of economies, including the European Union, at 10 to 41 percent starting from August 7, his new hard deadline for the tariffs. In a pre-recorded interview broadcast Sunday on CBS's 'Face the Nation,' US Trade Representative Jamieson Greer said that tariff rates are unlikely to see changes in 'the coming days'. STORY CONTINUES BELOW THIS AD 'A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country,' Greer said. 'These tariff rates are pretty much set.' Undoubtedly some trade ministers 'want to talk more and see how they can work in a different way with the United States,' he added. But 'we're seeing truly the contours of the president's tariff plan right now with these rates.' Last Thursday, the former real estate developer announced hiked tariff rates on dozens of US trade partners. They will kick in on August 7 instead of August 1, which had previously been touted as a hard deadline. Among the countries facing steep new levies is Brazil. South America's largest economy is being hit with 50 percent tariffs on exports to the United States – albeit with significant exemptions for key products such as aircraft and orange juice. Trump has openly admitted he is punishing Brazil for prosecuting his political ally Jair Bolsonaro, the ex-president accused of plotting a coup in a bid to cling to power. The US president has described the case as a 'witch hunt.' Greer said it was not unusual for Trump to use tariff tools for geopolitical purposes. STORY CONTINUES BELOW THIS AD 'The president has seen in Brazil, like he's seen in other countries, a misuse of law, a misuse of democracy,' Greer told CBS. 'It is normal to use these tools for geopolitical issues.' Trump was 'elected to assess the foreign affairs situation… and take appropriate action,' he added. Meanwhile White House economic advisor Kevin Hassett said that while talks are expected to continue over the next week with some US trade partners, he concurred with Greer's tariffs assessment in that the bulk of the rates 'are more or less locked in.' Asked by the host of NBC's Sunday talk show 'Meet the Press with Kristen Welker' if Trump could change tariff rates should financial markets react negatively, Hassett said: 'I would rule it out, because these are the final deals.' Legal challenges have been filed against some of Trump's tariffs arguing he overstepped his authority. An appeals court panel on Thursday appeared skeptical of the government's arguments, though the case may be ultimately decided at the Supreme Court. STORY CONTINUES BELOW THIS AD
NDTV
2 hours ago
- NDTV
Hot Dogs, Selfies, Sneakers: Humanoid Robot Grabs New York City's Attention
New Delhi: A humanoid robot marched through Midtown Manhattan last week, causing a stir and drawing shocked stares in the heart of New York City. The robot, branded KOID and priced at around $100,000 (Rs 87.2 lakh), was deployed by global asset management firm KraneShares in a marketing stunt to promote its new Global Humanoid and Embodied Intelligence Index ETF, which launched in June. The robot had previously rung the Nasdaq opening bell. During the stunt, KOID was seen walking along Fifth Avenue, grabbing a hot dog, posing for selfies, and even walking into a Hoka store, where startled staff helped it try on sneakers. The event was filmed and posted to Instagram. View this post on Instagram A post shared by New Yorkers (@newyorkers) A blind man praised the technology as "wonderful," suggesting it could one day help people who can't use guide dogs due to allergies or other issues. Another passerby said, "I mean, I would love for it to clean my house." Not all reactions were positive. "To mess with humanity . . . y'all gotta stop. Satan, I rebuke you to hell," one man yelled. Asked about a potential robot-led future, a woman said, "It's going to happen." The robot was built by Chinese robotics company Unitree and supplied by Long Island-based RoboStore. It operates using Stanford's OpenMind software and, while remote-controlled during the Midtown walk, is fully programmable and already in use at research labs and universities. Since the ETF's launch, KraneShares reports $28 million in assets under management. According to KraneShares' marketing head Joseph Dube, "At some point these robots will be so common that it's not going to have the wow factor that it currently has. We're definitely taking advantage of a moment in time." According to the Morgan Stanley Global Humanoid Model, the humanoid robotics market could grow to 1 billion units and generate $5 trillion in annual revenue by 2050.
United News of India
4 hours ago
- United News of India
iQOO appoints 25-year-old Vedang Chavan as Chief Gaming Officer (CGO)
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