Latest news with #post-Liberation
CNBC
8 hours ago
- Business
- CNBC
Jim Cramer explains why Trump's trade deals didn't bring on a market rally
CNBC's Jim Cramer examined Monday's market action and said he thinks the U.S.'s major trade deals failed to move stocks because investors' focus is elsewhere this week. "Right now, we're presuming these tariffs don't matter," he said. "What matters is earnings, unemployment, the Fed meeting and — you know what — dead last, tariffs." The S&P 500 finished up 0.02%, while the Dow Jones Industrial Average lost 0.14% and the Nasdaq Composite closed up 0.33%. Over the weekend, President Donald Trump announced the U.S. reached a trade agreement with the European Union to place a 15% tariff on most European goods. The duty is lower than the 30% rate Trump had previously proposed, but it's higher than the 10% tariff the EU hoped for. Trump also said the EU promised to buy $750 billion worth U.S. energy and invest another $600 billion in the U.S. According to Cramer, some on Wall Street may have "tariff ennui" as they watch Trump's trade deals unfold in a similar way — the U.S. threatens a high tariff but eventually pulls back as the trading partner offers to "throw in some sort of sweetener like a natural gas buy, or a big investment," he said. The market has already rebounded from its post-Liberation day lows, Cramer added. At this point, he continued, investors aren't buying stocks due to trade announcements unless something about the deal is substantially different. Cramer also suggested that investors have tariff ennui because the U.S. has more major trade deals to settle — namely with China, Canada and Mexico — so negotiations are likely to continue for months. Investors are also preoccupied with Big Tech earnings, Cramer said. Apple, Microsoft, Meta and Amazon are set to report this week, and he suggested the anticipation of their quarterly results overshadows news like the EU deal. Wall Street is also fixated on the Federal Reserve's Wednesday meeting and employment data set to be released on Friday. The central bank's meeting comes as Trump's criticism of Fed Chair Jerome Powell escalates. Citing inflation risks born from the president's tariff policy, Powell has not cut interest rates — even as Trump has repeatedly pressured him to do so. The Fed is expected to hold rates steady, and Cramer said "we're going to see a level of presidential hectoring that will be painful for the markets." He added that he thinks Trump is likely to demand a rate cut whether Friday's labor report is weak or strong. "This week is a beast of its own and nobody on Wall Street is going to care about trade policy until the week is over," Cramer said. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club owns shares of Apple, Microsoft, Meta and Amazon.
Time of India
22-06-2025
- General
- Time of India
Govt to train students in art of manuscript preservation
Panaji: Merging academic learning with heritage conservation, the state directorate of archives will soon launch an initiative to train history students in manuscriptology and palaeography to preserve the state's centuries-old documentary heritage. 'Spanning pre-Portuguese, Portuguese, and post-Liberation eras, the archives house a wealth of documents in diverse scripts and languages — from ancient Devanagari and Modi to Portuguese and Roman scripts — making it fertile ground for this initiative. The initiative will not only help conserve Goa's manuscript wealth, but also offer practical skill-building opportunities to students,' an archives official told TOI . As part of the National Education Policy (NEP), internships are now mandatory in college curricula, and the state archives department is turning this academic requirement into a unique opportunity for history students in Goa. The plan is to start the orientation and training of students by mid-Aug in this academic year. 'The department will equip students with these skills before involving them in real-time documentation and conservation efforts,' the official said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like See How Much You Can Save on Car Insurance Search7 Learn More Undo 'The initiative is linked to the Gyan Bharatam Mission, part of the Union culture ministry's National Mission for Manuscripts, which aims to preserve and digitise India's rich manuscript heritage. To facilitate this, state govt has already approved the establishment of the Goa State Mission for Manuscripts,' the official said. Under this mission, the archives department will launch an extensive statewide survey to identify manuscripts — some of which may be with private collectors and religious institutions across Goa. Once documented, these manuscripts will be conserved and digitised to make them accessible to future generations. TOI reported on June 18 that under this initiative, the department expects to find literary treasures such as correspondence that was once exchanged between neighbouring kings, freedom fighters, and texts that capture the essence of Goan life through the centuries.
Time of India
19-06-2025
- Time of India
Shirgao stampede: All officers' replies in, action after responses are reviewed
Panaji: State govt has started examining the replies submitted by govt officers in response to show-cause notices issued on the Shirgao Jatra stampede. After the chief secretary examines the replies, they will be placed before govt for necessary action. Six people were killed and 74 injured in the stampede. On May 13, state govt issued show-cause notices to eight officers, including the then North Goa collector Sneha Gitte, the then North Goa SP Akshat Kaushal, the then deputy collector of Bicholim, the then DySP of Bicholim, the PIs of Bicholim (transferred since) and Mopa police stations, and the panchayat secretary of Shirgao. 'All govt officers have submitted their replies. We are examining them,' Goa chief secretary V Candavelou told TOI . These officials were on duty during the tragedy and have since been transferred. Chief minister Pramod Sawant, making the report of the fact-finding committee public, said the report collectively held the temple committee, district administration, district police, village panchayat, and crowd behaviour, particularly that of 'dhonds', responsible for the tragedy. Based on the preliminary inquiry, govt transferred Gitte, Kaushal, Bicholim DySP Jivba Dalvi, Bicholim PI Dinesh Gadekar, and Bicholim deputy collector Bhimnath Khorjuvekar, with immediate effect. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Far Does £1,000,000 Go in Retirement? Fisher Investments UK Undo Three of the stampede victims — two women and a 16-year-old boy — were identified as 'dhonds', special devotees of the goddess. The stampede, perhaps the first in the post-Liberation history of Goa, occurred on the second day of the five-day jatra that began on May 3. The Shree Devi Lairai Devasthan committee said the state administration fell short in making the necessary arrangements for the jatra. The fact-finding committee report held the former North Goa SP and former North Goa collector, among others, responsible for the stampede.
Time of India
04-06-2025
- General
- Time of India
N Goa ex-collector fails to reply to Shirgao stampede notice
Panaji: Except for the North Goa collector at the time, Sneha Gitte, all other officers who were issued a show-cause notice in connection with the Shirgao Jatra stampede have filed their replies. Six people were killed and 74 injured in the stampede. Recently, Gitte was transferred from Goa to Arunachal Pradesh. Goa chief secretary V Candavelou told TOI , 'Due to some reasons, Gitte sought time to reply.' On May 13, state govt issued show-cause notices to eight officials, including the district magistrate, North Goa SP, deputy collector of Bicholim, DySP of Bicholim, PIs of Bicholim and Mopa police stations, and panchayat secretary of Shirgao. These officials were on duty during the tragedy and have been transferred since. Chief minister Pramod Sawant, making the report of the fact-finding committee public, said the report collectively held the temple committee, district administration, district police, village panchayat, and crowd behaviour, particularly that of 'dhonds', responsible for the tragedy. Based on the preliminary inquiry, govt transferred Gitte, then North Goa SP Akshat Kaushal, Bicholim DySP Jivba Dalvi, Bicholim PI Dinesh Gadekar, and Bicholim deputy collector Bhimnath Khorjuvekar, with immediate effect. Three of the stampede victims — two women and a 16-year-old boy — were identified as 'dhonds', special devotees of the goddess. The stampede, perhaps the first in the post-Liberation history of Goa, occurred on the second day of the five-day jatra that began on May 3. The Shree Devi Lairai Devasthan committee said the state administration fell short in making the necessary arrangements for the jatra.
Time of India
27-05-2025
- Time of India
Shirgao Jatra Stampede: Officials Given Extra Week to Respond to Show-Cause Notices
Panaji: The officers who were issued a show-cause notice in connection with the Shirgao Jatra stampede, that killed six and injured 74 persons, were given one more week to file their reply. The officers sought the summary of the inquiry report to file their reply. Chief secretary V Candavelou told TOI , 'We have provided the summary of the inquiry report to the officers who have been issued a show cause notice. We have given them time to file their reply.' On May 13, state govt had issued show-cause notices to eight officials, including the district magistrate, North Goa SP, deputy collector of Bicholim, DySP Bicholim, mamlatdar, PIs of Bicholim and Mopa police stations, and the panchayat secretary of Shirgao, who were on duty during the incident and have been transferred since. Chief minister Pramod Sawant, making the report of the fact-finding inquiry committee (FFIC) public, said that the report collective ly held the temple committee, district administration, district police, village panchayat, and crowd behaviour, particularly that of 'dhonds', responsible for the tragedy. Based on the preliminary inquiry, govt transferred then North Goa collector Sneha Gitte, then SP North Goa Akshat Kaushal, Bicholim DySP Jivba Dalvi, Bicholim PI Dinesh Gadekar, and Bicholim deputy collector Bhimnath Khorjuvekar, with immediate effect. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Luxury Meets Legacy at Signature Global SPR, Gurgaon Signature Global Book Now Undo Six people died and 74 others were injured in the stampede early on Saturday morning. Three of the victims— two women and a 16-year-old boy — were identified as 'dhonds', special devotees of the goddess. The stampede, perhaps the first in post-Liberation Goa's history, occurred on the second day of the five-day jatra that began on May 3. Some injured people continue to be admitted to the hospital for medical treatment. The Shree Devi Lairai Devasthan committee stated that the state administration fell short in making the necessary arrangements for the jatra. In Shirgao, a dedicated road will be built, and staggered timings will be made for the 'dhonds' to go from the temple pond to the 'homkund'. The govt will widen the road before the next jatra, taking locals into confidence, he said. 'To ensure that such a stampede does not take place in Goa in the future, we will take precautions,' Sawant said.
