Warren Buffett says Steve Jobs once called him for investment advice but ignored it: 'He didn't do anything'
Steve Jobs once called ace investor Warren Buffett for some advice on where to invest Apple's cash reserves. Recalling the memorable phone call that happened in 2010, Warren Buffett called it an “interesting conversation”. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. (AP)Warren Buffett said on the call from Steve Jobs, “It was an interesting conversation because I hadn't talked to him in a long time.” Steve Jobs had called to get advice on what to do with Apple's huge cash pile, Warren Buffett recounted, adding, “He said, ‘We've got all this cash. Steve Jobs then told Warren Buffett that Apple wouldn't go for big acquisitions that required a lot of cash.
Source:Hindustan Times
August 05, 2024 20:55 UTC
Wayanad landslide explained: how tourist town Wayanad became the pit of death in just few hours
In Kerala's tourist town Wayanad, the once tranquil villages of Mundakkai and Chooralmala, surrounded by lush forests, got completely washed away in the early hours of July 30. Two landslides within a gap of a few hours, triggered by incessant rain in the state, claimed over 200 lives, washed away more than 2,000 homes. One of its worst natural calamities after the deadly 2018 floods that killed 500, was staring Kerala in the face. ADVERTISEMENTBut was it possible to avert a tragedy of this level? We get to the bottom of it...Video Producer: Aparna SinghVideo Editor: Abhishek Sharma
Source:The Telegraph
August 05, 2024 18:23 UTC
British PM Keir Starmer condemns anti-immigration riots
In an address to the nation, British Prime Minister Keir Starmer condemned the recent anti-immigration riots that took place. The British PM called the riots “far-right thuggery”. Keir Starmer said, “Be in no doubt, those that have participated in this violence will face the full force of the law. The Police will be making arrests, individuals will be held on remand, and charges & convictions will follow. I guarantee you will regret taking part in this disorder whether directly or those whipping up this action online and then running away themselves.
Source:The Hindu
August 05, 2024 17:41 UTC
Priyanka Chopra Jonas wraps up shooting for The Bluff - Telegraph India
Actor Priyanka Chopra Jonas has finished shooting for her upcoming Hollywood film "The Bluff". On Saturday, the 42-year-old actor shared stories on her Instagram handle as she was on her way to the wrap party of the film alongside her mother Madhu Chopra. ADVERTISEMENTWhile on her way, Priyanka and her mother lip-synced to the popular song "Aaja Shaam Hone Aayee", from the 1989 film "Maine Pyaar Kiya", which was playing in the car. "My song for when you're late to the wrap party or maybe not at all. Priyanka started shooting for "The Bluff" in June as she flew down to Australia along with her two-year-old daughter Malti Marie Jonas.
Source:The Telegraph
August 05, 2024 16:30 UTC
Market Masters With Top Market Guru Ravi Dharamshi, Founder & CIO, ValueQuest Investment Advisors
Tune in to our live market show 'MARKET MASTERS' with Ravi Dharamshi, Founder & CIO, ValueQuest Investment Advisors as he shares invaluable insights on the Market, and strategic sectors for investors. Discover key investment opportunities and explore potential growth areas. Don't miss this exclusive session with a seasoned professional who will guide you through the dynamic landscape of investments, helping you make informed decisions in today's ever-evolving financial markets. Join BTTV for a conversation that could shape your investment strategy.
Source:India Today
August 05, 2024 16:29 UTC
Warren Buffett’s cash pile soars. What it could mean for you.
As the Oracle of Omaha sits on this colossal pile of cash, the financial world is abuzz with speculation. So, if you think it's related to wars around the world, that’s best ruled out. Without diving into all the possibilities, it’s widely expected that US tax rates, particularly capital gains tax rates, may head higher. There’s even a proposal that capital gains tax for the wealthy should be paid on notional gains, not just realized gains. Buffett's growing stash and a warningThe question arises: What if the reason Buffett is building up cash is relevant to us as well?
Source:Mint
August 05, 2024 16:21 UTC
Varun, Samantha and Kay Kay lead the action in ‘Citadel: Honey Bunny’
watchVarun, Samantha and Kay Kay lead the action in ‘Citadel: Honey Bunny’Catch the explosive new thriller series, with ‘Avengers: Endgame’ creators bringing all the actionImage courtesy: IMDbWith Varun Dhawan, Samantha Ruth Prabhu and Kay Kay Menon on screen — need we say more about why Citadel: Honey Bunny is a must-watch? If that wasn’t enough, the series, launching on November 7 on Amazon Prime Video, boasts Avengers: Endgame directors, Anthony and Joe Russo, as executive producers. Created by Raj Nidimoru and Krishna DK, the masterminds behind The Family Man and Farzi, Citadel: Honey Bunny promises to be a thrilling ride. The recently dropped teaser is action-packed and has intense scenes and plenty of guns. With such a stellar cast and crew, Prime Video is set to deliver something extraordinary for sure.
Source:The Telegraph
August 05, 2024 14:40 UTC
WATCH: Vivianne Miedema unveiled as Manchester City player
Dutch forward Vivianne Miedema signed a three-year contract with Manchester City, the Women’s Super League (WSL) club said on Friday, after the league’s all-time top scorer left Arsenal at the end of the 2023-24 season. Miedema, who has netted 80 goals in the WSL, won four trophies with Arsenal during a seven-year stay with the club. However, she struggled with injuries in the last two seasons following an anterior cruciate ligament (ACL) rupture in December 2022 that required surgery, forcing her to miss the Women’s World Cup last year. The 27-year-old joins a City side that enjoyed domestic cup wins but have not won the league in eight years, finishing runner-up on five occasions since its only title in 2016.
Source:The Hindu
August 05, 2024 14:25 UTC
Hurricane Debby to bring heavy rains and catastropic flooding to Florida, Georgia and South Carolina
Debby was located about 100 miles (161 kilometers) west of Tampa, Florida, with maximum sustained winds of 75 mph (120 kph). The storm was moving north at 12 mph (19 kph), the National Hurricane Center in Miami said Sunday evening. Debby is the fourth named storm of the 2024 Atlantic hurricane season after Tropical Storm Alberto, Hurricane Beryl and Tropical Storm Chris, all of which formed in June. Forecasters warned heavy amounts of rain from Debby could spawn catastrophic flooding in Florida, South Carolina and Georgia. The sparsely populated Big Bend region in the Florida Panhandle also was hit last year by Hurricane Idalia, which made landfall as a Category 3 hurricane.
Source:Indian Express
August 05, 2024 13:45 UTC
Bangladesh Prime Minister Sheikh Hasina resigns, flees country as protesters storm palace
“Bangladesh Prime Minister Sheikh Hasina resigns, flees country as protesters storm palace”, Hindustan Times, August 5, 2024:“Bangladesh Prime Minister Sheikh Hasina has resigned and left the country on Monday, Army chief Waker uz Zaman confirmed, adding that an interim government to take over the power. Protesters stormed her official residence on Monday afternoon, Channel 24 reported. TV images showed hundreds of people ransacking the building and taking away chicken, fish and vegetables. However, there was no official confirmation about Sheikh Hasina quitting and leaving Dhaka……”Read the full article at Hindustantimes.com
Source:Hindustan Times
August 05, 2024 12:53 UTC
Bengaluru: New compensation model to get PRR moving
Elaborating on the present move, the official said that out of the 100-metre width road proposed for the project, the road would be built only for 50 metres. “The land developed for the remaining 50 metres will be handed over to land losers. Developed land refers to the land readied with infrastructure like drainage, water supply, lighting and signages. The present compensation package followed by BDA is 40% of developed land (9,583 sqft) for every acre obtained from a landowner. The projectThe PRR Phase-I runs from Tumakuru Road (NH-48) and goes via Doddaballapur Road, Ballari Road, Old Madras Road, Whitefield Road and end of Hosur Road (NH-44).
Source:Indian Express
August 05, 2024 12:49 UTC
ET Explainer: Why unwinding of Yen carry trades can rattle global financial markets
Expectations of interest rate cuts by the US Fed also contributed to the dollar's weakness. Sharp moves in the yen do not happen often, which is why it has been a preferred currency for carry trades. The yen must remain weaker if these carry trades have to be profitable. Market watchers said the severe selloff in shares of US-based mega technology giants late last week could also be on account of the reversal of the yen carry trades. Here on, a lot will depend on how much the yen strengthens against the dollar.It is not clear how much money has flown into India as part of yen carry trades.
Source:Economic Times
August 05, 2024 11:56 UTC
Rupee tumbles 31 paise to close at all-time low of 84 against the US dollar
MUMBAI: The rupee slumped 31 paise to settle at an all-time low of 84.03 (provisional) against the US dollar on Monday, following a sell-off in broader global markets amid rising geopolitical tensions in the Middle East and worries over recession in the US. At the interbank foreign exchange market, the local unit opened at 83.78 and touched an intra-day high of 83.76 and a low of 84.03 against the dollar during the session. It finally settled at its fresh record of 84.03 (provisional) against the American currency, which was down 31 paise against its previous close. On Friday, the rupee settled 1 paisa higher at 83.72 against the US dollar in a range-bound trade. "We expect the rupee to trade with a negative bias on risk aversion in the global markets.
Source:Indian Express
August 05, 2024 11:21 UTC