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US market today: Wall Street drifts as investors eye earnings reports; DoorDash slides, Rockwell gains while global cues stay mixed
Business

US market today: Wall Street drifts as investors eye earnings reports; DoorDash slides, Rockwell gains while global cues stay mixed

US stock markets experienced a significant drop on Thursday, heavily influenced by a decline in tech stalwarts, as a lingering government shutdown obscures important economic statistics. Investors are closely monitoring corporate earnings for the insight they crave, leaving the Federal Reserve in a state of uncertainty regarding upcoming interest rate moves.

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1 year ago
Government Can’t Stop Retail Investors From F&O Trading, Says Finance Minister
Business

Government Can’t Stop Retail Investors From F&O Trading, Says Finance Minister

Mumbai, Nov 6 (PTI) Finance Minister Nirmala Sitharaman on Thursday said the government cannot restrain retailers from trading in Futures and Options (F&O) but will definitely create awareness regarding the risks involved in putting money in such instruments. The statement comes days after Sebi chairman Tuhin Kanta Pandey ruled out shuttering the weekly derivatives contracts in Nifty and Sensex. Responding to a question on the government's stance on the F&O segment, wherein retailers lose significant amount of money, Sitharaman said that the government "is not not here to shut the door on F&O trading but it can make aware people about the risks involved in the derivatives. At the same time, investors have the responsibility to understand the risks involved, she said while speaking at the SBI Banking and Economics Conclave 2025. She also sought suggestions for dealing with the issue of the retailers trading in F&O segment. A recent Sebi study that 91 per cent of individual traders in futures and options (F&O) incurred net losses in FY25-- collectively losing over Rs 1 lakh crore-- funds that could otherwise contribute to responsible investing and capital formation. The Securities and Exchange Board of India (Sebi) had introduced measures in November last year in a bid to curb excess speculation in derivatives trading. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period. These financial instruments are used for hedging risks, speculating on price movements, and arbitrage pricing differences. However, they come with significant risks, including leverage risk and market volatility, which can lead to substantial losses.  (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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1 year ago
Power Shift In Islamabad? Pakistan Plans To Give More Power To Asim Munir
World

Power Shift In Islamabad? Pakistan Plans To Give More Power To Asim Munir

Amid growing speculation over Pakistan’s civil-military imbalance, the Shehbaz Sharif government is reportedly planning a sweeping constitutional amendment that could further bolster the authority of Army Chief Field Marshal Asim Munir. The proposed 27th Constitutional Amendment, expected to be tabled in Parliament soon, seeks to introduce key changes related to the command of the armed forces. The move comes as Munir’s influence expands both domestically and internationally, fuelling fears among critics that Pakistan is inching closer to formalising the military’s long-standing dominance in civilian affairs. Reports of the impending constitutional shake-up gained traction after Pakistan Peoples Party (PPP) chief Bilawal Bhutto Zardari revealed that the government had approached him for support on the amendment. On Tuesday, Deputy Prime Minister and Foreign Minister Ishaq Dar confirmed the move while addressing the Senate, Pakistan’s upper house of Parliament. “Of course, the government is bringing it and will bring it... The 27th Amendment will arrive... and is about to arrive. We will try to table it in accordance with principles, laws and the Constitution,” Dar said. He also dismissed opposition allegations, particularly from the Pakistan Tehreek-e-Insaf (PTI), that the government planned to bypass due legislative procedures. “It is not the case that the amendment is tabled and there is voting on it in a haphazard, ad hoc manner; this will not happen,” he reassured. What The 27th Amendment Proposes According to Pakistani media reports, the proposed amendments include an alteration to Article 243 of the Constitution, the clause that defines the appointment of the Army Chief and the command of the armed forces. The draft also reportedly includes provisions to set up constitutional courts, streamline the appointment process of the Chief Election Commissioner, restore executive magistrates, and regulate the transfer of judges. Another major change proposes to reduce the share of provinces in federal resources, shifting control of the education and population welfare ministries to the federal government, effectively diluting the National Finance Commission’s protection of provincial autonomy. Critics argue that if passed, the amendment could cement Munir’s position as Pakistan’s most powerful figure, deepening the military’s institutional hold over the country’s governance, economy, and foreign policy.

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1 year ago
Luxury Or Lunacy? This Prada Safety Pin Costs More Than An iPhone 
Trending

Luxury Or Lunacy? This Prada Safety Pin Costs More Than An iPhone 

Safety pins are everyday accessories designed to keep drapes together and manage wardrobe mishaps. Affordable and widely available, a pack of safety pins usually costs just Rs 10 to Rs 20. But here is one which will cost you more than an iPhone.  While many women keep them in their accessory bags or handbags for emergencies. The humble safety pin is also seen most of the times hanging by a woman's necklace or bangles. Prada’s Pricey Take On A Classic Accessory Luxury fashion brand Prada has recently taken safety pin to an entirely new price bracket. The brand is selling a single metal safety pin brooch, featuring knitted-thread detail and a tiny Prada charm, for $775, which is, approximately Rs 68,758. While high-end brooches are often studded with diamonds or rare gems, Prada’s version is simply a golden safety pin with colorful threads wrapped around it. Social Media Reacts: Shock And Mockery The internet was quick to respond to Prada’s luxury safety pin. Fashion influencer Black Swan Sazy posted a reel mocking the $775 accessory, saying, “I will once again ask rich people what it is that you are doing with your money. Because if you can’t think of anything, I assure you the rest of us can.” Other users joined in the ridicule, with comments like, “I could make that?? Without the Prada key bit, but I could still make it,” and “My grandma could do it better.” Availability And Broken Links Despite its launch, the product link on Prada’s website appears to be broken, leaving buyers unable to purchase the expensive accessory. Comparing Prices: Prada Vs iPhone To put the price in perspective, the Apple iPhone 15 is available on Reliance Digital for Rs 52,990 - significantly lower than Prada’s safety pin. While traditional safety pins remain an affordable household essential, Prada’s luxury version highlights the extremes of the fashion world, where even everyday items can command eye-watering prices.

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1 year ago
Made-In-India Sony-Backed 'Suri: The Seventh Note' Releases Gameplay Trailer: Top PS5 Features
Technology

Made-In-India Sony-Backed 'Suri: The Seventh Note' Releases Gameplay Trailer: Top PS5 Features

Bengaluru-based independent studio Tathvamasi Studios has released the first gameplay trailer for its upcoming title Suri: The Seventh Note, planned for release on PS5 and PC. The game is part of Sony’s India Hero Project, a programme that supports select Indian developers. The title is described as a rhythm-based action platformer set on the fictional island of Suri.  The main character, Ajira, searches for a cure for her mother, while the island is affected by a strange musical corruption. No launch date has been confirmed yet. How 'Suri: The Seventh Note' Plays According to the studio, the island of Suri is built around music as a core element. In the game’s story, the island’s rhythm becomes distorted, affecting its environment and life forms.  Players control Ajira, who travels across the island to find a rare fruit said to cure her mother’s illness. The world reacts to musical beats, meaning the environment and combat patterns follow rhythm cues. The game’s challenge appears to come from moving, jumping, and fighting in sync with the soundtrack.  The studio states that the game blends platforming and rhythm mechanics rather than offering traditional combat or exploration alone. Tathvamasi Studios has been working with Sony for more than a year under the India Hero Project.  The studio’s director, Glen Martin, said the team grew up playing PlayStation titles and wanted to bring a locally developed game to the platform. The team says wishlisting helps indie games, but did not specify a release window or pricing. What's Special On PS5? The developers say the PS5 version includes a system they call the Rhythm Haptics Engine.  This feature aims to match sound, visuals, and controller vibration so players can hear, see, and feel the rhythm during gameplay. The studio points out that the feature relies on the DualSense controller’s haptics, which are used to signal changes in tone or intensity during interactions. Suri: The Seventh Note will also release on PC through Steam, but further technical details have not been shared

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1 year ago