A defiant Joe Biden insisted Thursday that he will run for another term as US president and beat Donald Trump, as a string of verbal gaffes at a major summit threw a harsh new spotlight on his fitness. I beat him once, and I will beat him again," Biden said of Trump.
Biden's campaign has been on the ropes for two weeks, since his poor debate performance against Trump, 78. So far, 13 of the 213 Democrats in the House and one of the Senate's 51 Democrats have appealed publicly to the president to withdraw from the race. More could make their concerns public if he fares poorly.
The planemaker has cautioned that delivery timelines continue to slip by three to six months on top of already-late handovers, according to people familiar with the matter. In some instances, deliveries scheduled for next year have spilled into 2026, said the people, who asked not to be identified as the discussions are confidential.
Sensex and Nifty closed down Thursday amid profit booking before quarterly results. TCS fell 0.18%, Hindalco rose 0.25%, Shipping Corp surged 20%. Analysts recommend using VWAP, RSI for potential momentum, and maintaining stop losses. TCS target: 4030-4050; Hindalco: 705-715; Shipping Corp: 350-360, hit upper circuit, swing high resistance, trailing stop loss.
Donald Trump's lawyers request dismissal of his hush money trial conviction following a Supreme Court ruling on presidential immunity. Judge postpones sentencing to rule on dismissal motion. Manhattan prosecutor disagrees with dismissal arguments. Trump faces multiple criminal cases including charges related to the 2020 election and national security.
The investment in the first-of-its-kind Vizhinjam port in the state of Kerala is part of the second phase of the project that is expected to finish by 2028, said people familiar with the Adani Group’s plans who did not want to be identified as the details are not announced.
Gold prices see a slight dip after three weeks of gains, driven by U.S. inflation data hinting at interest rate cuts. Analysts predict potential record highs as market conditions favor gold. Silver, platinum, and palladium show weekly declines amidst market uncertainties.
Once touted as a rival to Nvidia, which has seen its own valuation skyrocket thanks to soaring demand for AI computer chips, Britain's Graphcore has struggled to secure the investment needed to compete.
The Nasdaq fell sharply due to Nvidia, Apple, Tesla, Microsoft, Amazon, and Meta Platforms losses amid inflation data. Smaller companies rallied, boosting the Russell 2000. Heavy U.S. trading was noted as the S&P 500 fell and real estate rose 2.7%. Delta and Conagra Brands forecast lower profits; Tesla delayed robotaxi launch. Citigroup fined $136M.
When asked about the reasons for this, he said "Firstly because of the way she's handled the issue of freedom of women's bodies, to have control of their bodies and secondly, her ability to handle almost any issue on the board." "This was a hell of a prosecutor. She was a first rate person and in the Senate, she was really good. I wouldn't have picked her unless I thought she was qualified to be the president," Biden said.
Oil prices rose Friday amid strong summer demand and easing U.S. inflation. Brent futures rose 0.4% to $85.77, and WTI rose 0.6% to $83.12. U.S. gasoline demand hit 9.4 million bpd for the week of July 5. US refiners drew from stocks. Falling consumer prices boosted sentiment; WTI futures tight. ANZ’s Daniel Hynes noted the weaker dollar.
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TCS reported a 3.16% net profit drop to ₹12,040 crore in June due to wage hikes and macroeconomic uncertainties. Revenue increased to ₹62,613 crore, driven by a ₹15,000 crore BSNL deal. CEO Krithivasan noted geopolitical issues. AI, Cloud, IoT grew; $8.3 billion deal pipeline. Added 5,452 employees; 24.7% margin. GenAI pipeline at $1.5 billion; India business jumped 61.8%.
