Rupee versus dollar

NEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors' fears that surging inflation could cut deeply into corporate profits. The broad sell-off erased gains from a solid rally a day earlier, the latest volatile day-to-day swing for stocks in recent weeks amid a deepening market slump. The S&P 500 tumbled 4%, its sharpest decline since June 2020. The benchmark index is now down more than 18% from the record high it reached at the beginning of the year. That's shy of the 20% decline that's considered a bear market. The Dow dropped 3.6%, while the Nasdaq fell 4.7%. The three indexes are on pace to extend a string of at least six weekly losses. “A lot of people are trying to guess the bottom,” said Sam Stovall, chief investment strategist at CFRA. “Bottoms occur when there’s nobody left to sell.” The … [Read more...] about Stocks fall sharply as Target’s woes renew inflation fears

Netflix just announced the death of a slew of woketard shows, including an obvious abomination called Antiracist Baby . From far-left Variety : Netflix has pulled the plug on several animated projects, including “Wings of Fire,” from executive producer Ava DuVernay; “Antiracist Baby,” a series aimed at preschoolers; and “With Kind Regards From Kindergarten,” a film tailored to youngsters. The streaming service also scrapped “Stamped: Racism, Antiracism and You,” a documentary intended to serve as a companion piece to “Stamped From the Beginning, which is a hybrid documentary and scripted feature that delves into race in the United States. “Stamped From the Beginning” is still moving forward and is currently in post-production. And then Netflix adds this insult to injury… Sources at Netflix stress the decisions not to move forward with these projects were creative rather than cost related, meaning they would have taken place regardless of the company’s slower … [Read more...] about Nolte: Netflix Kills a Slew of Woketard Programming

The Left parties would organise a nationwide campaign between May 25 and May 31 against price rice and unemployment, said CPI leader D. Raja. Addressing reporters in Chennai on Wednesday, he said increase in the price of petroleum products had a bearing on the price of essential commodities, and inflation was going up. “People are going through hardship, but the government at the Centre remains insensitive. There is a need to strengthen the public distribution system and essential commodities should be made available,” he said, reiterating the need for releasing ₹7,500 to families living below the poverty line. Urging the government to release funds for the Mahatma Gandhi National Rural Employment Guarantee Scheme, he also wanted legislation guaranteeing urban employment. “The government should also legislate to provide for unemployment allowance and these issues will be highlighted in the campaign,” he added. Mr. Raja said the economy was in a bad shape and the value of the … [Read more...] about Left parties to campaign against price rice between May 25 and 31