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Hindustan Times
18 minutes ago
- Hindustan Times
Trump is creating a task force for the 2028 Olympic Games in Los Angeles
WASHINGTON (AP) — President Donald Trump is establishing a task force on the 2028 Olympic Games being held in Los Angeles. HT Image Trump will sign an executive order on Tuesday to make the task force official, the White House said. The 2028 Games will be the first Olympics to be hosted by the U.S. since the 2002 Winter Games in Salt Lake City, Utah. Trump 'considers it a great honor to oversee this global sporting spectacle,' White House press secretary Karoline Leavitt said in a statement, calling sports one of the president's 'greatest passions.' LA28 president and chair Casey Wasserman said the task force "marks an important step forward in our planning efforts and reflects our shared commitment to delivering not just the biggest, but the greatest Games the world has ever seen in the summer of 2028.' During a briefing Tuesday afternoon, State Department spokesperson Tammy Bruce said the task force would 'coordinate across federal, state and local agencies to ensure streamlined visa processes, robust security and efficient transportation.' Along with the 2028 Summer Games, Trump has said that the 2026 FIFA World Cup being hosted by the U.S., Canada and Mexico is among the events he's most looking forward to in his second term. In preparation for next year's competition, the governments of all three countries on Tuesday said they had held the first meeting of a trilateral coordinating council of government officials, industry leaders and security professionals discussing a variety of issues including preparedness for any security threats ahead of the World Cup. ___ Kinnard can be reached at ___ Associated Press writer Michelle L. Price in Washington contributed reporting.
Economic Times
36 minutes ago
- Economic Times
US stocks tick higher on rate cut hopes; earnings in spotlight
Wall Street is holding steadier on Tuesday following its see-saw ride that bracketed the weekend. ADVERTISEMENT The S&P 500 was inching up by 0.1% in early trading, coming off its best day since May, which followed its worst day since May. The Dow Jones Industrial Average was up 77 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% higher. Worries are still high that President Donald Trump's tariffs may be hurting the economy. But increased hopes for cuts to interest rates by the Federal Reserve later this year, along with a stream of stronger-than-expected profit reports from U.S. companies, are helping to support the market. Palantir Technologies helped lead the way after the provider of artificial-intelligence platforms reported a stronger profit for the latest quarter than analysts expected. The AI darling also raised its forecast for revenue over the full year, and its stock climbed 7.5% after it had already doubled for the year so far coming into the day.'We continue to see the astonishing impact of AI leverage,' CEO Alex Karp rose 4.5% after the chemical company likewise topped analysts' expectations for profit and revenue. It also raised its forecast for profit over the full year, even though it's expecting to take a $20 million hit because of tariffs in the second half of 2025. ADVERTISEMENT They helped to offset a 0.7% slip for Yum Brands after the company behind KFC, Taco Bell and Pizza Hut reported results for the latest quarter that came up just short of analysts' & Hers Health tumbled 12.2% even though the telehealth company reported a profit that topped analysts' expectations. Its revenue fell short of forecasts. ADVERTISEMENT The pressure is on companies to report bigger profits after the U.S. stock market surged to record after record from a low point in April. The big rally fueled criticism that the broad market had become too stock prices to look like better bargains, either companies need to produce bigger profits, or interest rates need to fall. The latter may happen in September, when the Federal Reserve has its next meeting. ADVERTISEMENT Expectations have built sharply for a rate cut at that meeting since a report on the U.S. job market Friday came in much weaker than economists expected. Lower interest rates would make stocks look less expensive, while also giving the overall economy a boost, but the potential downside is that they could push inflation yields sank sharply after Friday's release of the jobs report, and they haven't recovered. The yield on the 10-year Treasury was holding at 4.22%, where it was late Monday and down from 4.39% just before the release of the jobs report. ADVERTISEMENT In stock markets abroad, indexes rose across much of Europe and Asia. India's Sensex was an outlier and dipped 0.4% on concerns over trade tensions with the United States as the Trump administration pushes for cutbacks in the country's oil purchases from Russia. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
42 minutes ago
- Time of India
Americans favour one figure more than Donald Trump or Bernie Sanders, and he doesn't even live in the US
Image credits: Getty Images, Canva Whoever thought Americans would favour a person living outside the US over popular and influential personas such as their president, Donald Trump , Senator Bernie Sanders , California Governor Gavin Newsom and many other figures. The Gallup poll , conducted from July 7-21 among 1,002 participants, found that Pope Leo XIV, the first American pope in history, has a net favourable rating of 46%- the highest among 14 U.S. and global newsmakers. While Sanders has a rating of 11%, Ukrainian President Volodymyr Zelenskyy was more popular with an 18% rating. How do Americans feel about their leading lads? Image credits: Getty Images These were the only favourable ratings. Other American popular figures like New York Democrat Rep. Alexandria Ocasio-Cortez, who did go viral on social media for a while, had a surprising net favouring of negative 4%. Former president Joe Biden, Vice President JD Vance and Gov. Newsom all have a rating of negative 11% and Trump followed close with a negative favourable rating of 16%. Topping the negative rating were billionaire Elon Musk and Israeli Prime Minister Benjamin Netanyahu with 28% and 23% ratings, respectively. Trump administration on a decline? Image credits: Getty Images The poll also found that the favourability rating of Trump administration officials had decreased since January. For example, Musk's net favourable rating was negative 4% as per a Gallup poll conducted from January 21-27. Additionally, Secretary of State Marco Rubio, who oversaw the dismissal of the U.S. Agency for International Development programs, had a net favourable rating of 8% in January that now stands at negative 16%.
