US DEBT INCREASE
What is Palantir? Meet the AI tech titan powering Trump-era surveillance and data operations
Donald Trump initiated a data exchange program among federal agencies. Palantir Technologies, co-founded by Peter Thiel, supports this. Palantir secured a substantial government contract. The firm gathers data for agencies like Homeland Security. This initiative aims to streamline data collection.
Aerospace was ready to take off. Then tariffs landed
The aerospace industry is gathering in Paris amidst a recovering supply chain, crucial for meeting rising aircraft demand. However, tariffs pose a new threat, potentially increasing costs and creating material scarcity. Despite these challenges, the industry, particularly Boeing, aims to ramp up production, hoping to boost US aircraft exports, but trade tensions could hinder this growth.
Fund Manager Talk | Pharma, traditional retail 2 contra bets for ICICI Prudential MF’s Mittul Kalawadia
ICICI Prudential's Equity and Debt Fund employs a contrarian strategy, favoring sectors like pharma and traditional retail amidst market volatility. The fund dynamically manages equity-debt allocation, rotating across market caps and focusing on overlooked opportunities with strong fundamentals. Currently, the fund maintains a higher equity allocation, around 70-73%, guided by internal models and market conditions.
Asian stocks advance on trade talks, US jobs data
Asian stocks saw a positive opening as the US and China prepare to restart trade negotiations, fueled by optimism from better-than-expected US jobs data that eased recession concerns. Japan and South Korea's equities rose, while US Treasury yields remained steady. The resumption of trade talks could provide a further boost to markets.
Charting the global economy: ECB cuts interest rates amid global economic challenges
The European Central Bank is nearing the end of its interest rate reduction campaign, while India's central bank cut rates and boosted liquidity. Bank of Canada officials are prepared to loosen policy due to US trade policy. Globally, the OECD slashed forecasts due to US tariffs, and several countries lowered interest rates, reflecting a complex economic landscape.
Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain
President Trump's proposed tariffs, intended to offset budget deficits from the One Big Beautiful Bill's tax cuts, face strong criticism. Economists warn that these tariffs, while potentially generating revenue, could destabilize the economy, raise consumer costs, and invite retaliatory measures from other countries. Experts highlight the tariffs' unreliability and their disproportionate impact on lower-income households.
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Wall Street Week Ahead: US stocks edge toward records with inflation data, policy progress in focus
U.S. stocks are nearing record highs, buoyed by economic data and trade developments, but face tests ahead. A key inflation report and Federal Reserve meeting loom large. Concerns persist over the impact of tariffs and a proposed tax-cut bill, highlighted by a rift between President Trump and Elon Musk.
Elon Musk calls for impeachment of Donald Trump - here's how the President could be removed from office
Elon Musk and Donald Trump had a big fight online after Musk slammed Trump’s tax bill. Trump then threatened to cut Elon’s government deals. Musk responded by saying Trump should be impeached. The drama could affect U.S. politics and business ties.
KILLBILL memecoin explodes 1,300% after Elon Musk tells America to kill the bill and slams Donald Trump’s policies
A Solana-based memecoin, Kill The Bill (KILLBILL), has experienced a surge of over 1,300% within 24 hours of its launch. This rally appears to be inspired by Elon Musk's social media post urging Americans to reject a federal spending bill. While the coin's name references the 'Kill Bill' movie, it symbolizes opposition to a bill potentially increasing the national debt.
Donald Trump and Elon Musk to make peace after bitter clash? Feud may be over as early as today
White House aides are reportedly mediating a truce between Elon Musk and the US President following a public feud sparked by Musk's criticism of the President's spending bill. The President retaliated with social media attacks and threats to revoke government contracts.
Top US universities raced to become global campuses. Under Trump, it's becoming a liability
Harvard's foreign student population has increased significantly. President Trump is using border control to influence higher education. He is targeting universities with large international enrollments. A judge temporarily blocked Trump's order against Harvard. Other universities like Columbia are also under scrutiny.
Cochin Shipyard shares rally over 8% on NATO defence push, stock up 32% in 4 days
Cochin Shipyard surged 8.4% on Friday, extending its 32.4% rally in four sessions, driven by rising defence spending sentiment after NATO’s call for higher budgets. The stock has gained over 1,400% in three years. Despite strong momentum and robust Q4 earnings, analysts remain cautious, with a consensus ‘Hold’ rating and a 47% downside from current levels.
ETMarkets Smart Talk - We’re adding to domestic plays like autos, banks & telecom: V. Srivatsa, UTI MF
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
Elon Musk now digs up old Trump tweets to mock his 'Big Beautiful Bill'
Elon Musk has intensified his criticism of Donald Trump by sharing the former president's old tweets criticizing debt ceiling increases, highlighting what Musk sees as hypocrisy in Trump's current spending proposal. Musk urged Americans to oppose Trump's bill, labeling it a "Debt Slavery Bill.
ECB's Lagarde says foreign investors are confident about Europe
European Central Bank President Christine Lagarde said on Thursday that the euro zone appeared to be attracting more foreign investment recently, in a sign that investors are increasingly confident in Europe's economic outlook.
'Kill the Bill': Elon Musk declares war on Trump’s big, beautiful tax and spending bill, warns that it will 'bankrupt America'
Elon Musk has launched a full-scale online campaign against Donald Trump’s flagship spending and tax bill, just days after leaving his government post. He’s called on Americans to “kill the bill”, warning it would bankrupt the nation and inflate the debt ceiling by $5 trillion. The White House remains unmoved, with Trump determined to pass the bill by July 4. Musk’s outspoken criticism, backed by his influence and campaign donations, threatens to shake Republican unity ahead of the midterms.
Dollar frail on weak economic data, trade uncertainty lingers
The dollar weakened due to concerns about the U.S. economy. Data indicated slow growth and inflation worries. The euro remained steady before the European Central Bank's expected rate cut. Investors are awaiting U.S. payrolls data. Trade tensions and potential Federal Reserve rate cuts are also impacting markets. The ECB is likely to cut rates to support the Eurozone economy.
The tiny office with 275 employees blocking Trump’s 'Big, Beautiful Bill'
The Congressional Budget Office (CBO) finds itself at the center of a political storm in Washington. Its projection indicates that President Donald Trump's proposed bill could increase the federal deficit. Republicans challenge the CBO's economic assumptions. They believe the bill will spur economic growth. Democrats embrace the CBO's findings. They argue that the legislation is fiscally irresponsible.
Trump's sweeping bill to cut taxes by $3.75 trillion but will burden millions of Americans. Check details
The Congressional Budget Office projected President Trump's tax bill will cut taxes by $3.7 trillion while increasing the deficit by $2.4 trillion over ten years, also causing millions to lose health insurance. The estimate comes as Trump and other Republicans have ramped up attacks on the nonpartisan budget scorekeeper, while claiming the proposed tax cuts are costless.
Under Trump's 'big, beautiful' bill, over 10 million more Americans projected to lose insurance
There would be an increase of 10.9 million people without health insurance under US President Donald Trump's big beautiful bill by 2034, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office. The bill will cut taxes by $3.75 trillion but also increase deficits by $2.4 trillion over the next decade.
Ray Dalio joins Jamie Dimon in warning U.S. debt nearing point of no return, approaching death spiral
Billionaire investor Ray Dalio predicts a potential debt crisis for the United States. He suggests the nation is heading towards a 'death spiral' due to rising debt. This could destabilize the US economy. JPMorgan Chase CEO Jamie Dimon also expressed concerns about the bond market. Dalio's book highlights the long-term risks associated with increasing debt and interest rates.
Elon Musk takes aim at MAGA Republicans, says GOP lawmakers who backed spending bill should be fired
Elon Musk is upset with MAGA Republicans for backing a big spending bill. He says they betrayed the public and should be fired. Some Republicans agree with him, but Trump and the White House still support the bill.
'There will be no social security or medical': Elon Musk issues dire warning on ballooning US debt
Elon Musk has raised concerns about the escalating U.S. fiscal deficit, cautioning that unchecked government spending could jeopardize essential programs like Social Security and healthcare. He criticized a proposed bill, labeling it a “disgusting abomination” that would further inflate the federal deficit.
Vodafone to hike base 5G prepaid tariffs
Vodafone Idea (Vi) plans to increase its entry-level 5G pricing, following the strategies of Reliance Jio and Bharti Airtel. This move comes as Vi expands its 5G operations, aiming to improve monetization. The telco's 5G rollout has already enhanced 4G network capacity, with further expansion planned across 17 circles by August 2025.
'I just can’t stand it anymore': Elon Musk blasts 'massive, outrageous, pork-filled Congressional spending bill'
Elon Musk called Donald Trump's tax and spending bill a 'disgusting abomination'. He said it would increase the budget deficit. Musk previously criticized the bill for undermining his Department of Government Efficiency. The White House defended the bill. The bill aims to reshape American policy through tax changes, spending cuts, and border security measures.
Why the stock market fell today? Sensex tanks 636 pts, Nifty below 24,550 — 6 key reasons behind the decline
Stock Market Crash: Indian stock markets faced a downturn. Sensex and Nifty50 declined due to struggles in finance and IT. Global trade worries and US fiscal issues contributed. Donald Trump's tariff plans impacted metal exporters. Weak global data and anticipation of the RBI policy added pressure. US debt concerns and volatile oil prices further dampened sentiment.
Global markets on edge as U.S. debt skyrockets — contagion threat looms, says Institute of Finance
Economists warn that rising US debt levels could trigger significant global financial instability. The interconnectedness of major economies like the US, UK, Germany, and France means that fluctuations in US Treasury bonds can ripple outwards. Emerging markets, already facing restricted access to foreign capital, are particularly vulnerable to these spillover effects.
Asian stocks drop, gold rises in risk-off start to week
Asian shares and US stock-index futures declined as trade tensions escalated, prompting investors to seek safe-haven assets like gold. President Trump's threat to double tariffs on steel and aluminum imports heightened concerns about a potential economic recession. Market participants are also monitoring a sweeping tax bill that threatens to burgeon US deficit.
Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts
President Trump faces skepticism over his tax cut package's impact on the national debt, struggling to convince Republicans, investors, and even Elon Musk. Despite promises of spending cuts, deficits are projected to rise, leading to concerns about economic competence.
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