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The Latest Breaking News from SP

Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

WEKU

Bond Basics: How to Reduce the Risks

Bonds have risks you won't find in other types of investments. Find out how to spot risky bonds and how to avoid them.

Kiplinger

Why Investors Needn't Worry About U.S. Credit Downgrade

The United States saw its credit rating downgraded for just the second time in history, but experts aren't worried about the long-term damage to stocks.

Kiplinger

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The U.S. loses its top AAA rating from Fitch over worries about the nation's finances

Fitch cut the federal government's top rating, citing rising deficits and a steady deterioration in governance over the last two decades. The action drew a sharp rebuke from the Biden administration.

WEKU

TUC urges Bank of England to halt ‘reckless’ interest rate increases

Unions say widespread job losses in recent months have left UK ‘teetering on the brink of recession’

The Guardian - UK

Official transferred for stopping communal flare-up, alleges Samajwadi Party

Samajwadi Party targeted the Uttar Pradesh government for transferring Senior Superintendent of Police of Bareilly Prabhakar Choudhary

The Hindu

Statements over Gyanvapi a well-planned political conspiracy by BJP, SP, says Mayawati

BSP chief criticised Yogi Adityanath and Swami Prasad Maurya for their respective statements on Gyanvapi and Badrinath temple.

The Hindu

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Manipur violence: 53 bodies – mostly Kukis – lie unclaimed at two Imphal hospitals

Nearly three months into the ethnic violence in Manipur, at least 53 dead bodies – mostly all belonging to the Kuki community – lie unclaimed at two district hospitals in Imphal East and West, sources at the state health department and district administrations told Newslaundry. Officials said three or four…

Newslaundry

Can Uber Maintain its Upside Momentum?

Uber Technologies (UBER ) rallied to a 2-year high today and has nearly doubled in price since the beginning of the year. Uber has outperformed rival Lyft (LYFT ) and the S&P 500 ($SPX ) (SPY ) this year, raising the bar for its Q2 earnings results on Tuesday. According...

Barchart

Backward classes will defeat BJP in Lok Sabha poll in U.P., says SP leader Swami Prasad Maurya

Former allies are joining the NDA to serve their own interests and not to protect the rights of the marginalised, says SP’s national general secretary Swami Prasad Maurya

The Hindu

Mayawati accuses SP leader of stirring religious cauldron for pre-poll mileage

BSP President Mayawati on Sunday accused Samajwadi Party leader Swami Prasad Maurya of trying to drive a wedge between communities ahead of election with his comment on demolition of Buddhist monasteries in ancient India.

The Hindu

Govt. issues another G.O. for attachment of Margadarsi assets worth ₹15.81 crore

The Government of Andhra Pradesh has issued another order allowing the Crime Investigation Department (CID) to attach the movable assets belonging to Margadarsi Chit Funds Pvt. Ltd. (MCFPL), which reportedly made investments in the share capital of Usha Kiron Media Pvt. Ltd. and Ushodaya Enterprises Pvt. Ltd

The Hindu

SIMI, PFI ideology dominates Congress and its allies: Uttarakhand CM

In a sharp reaction to Samajwadi Party (SP) leader Swami Prasad Maurya’s claim that the Badrinath temple had been built after destroying a Buddhist shrine, Uttarakhand Chief Minister Pushkar Singh Dhami on Friday accused the Opposition alliance of holding the ideology of Islamic extremist groups.

The Hindu

Akhilesh to lead ‘Samajwadi Vikas Rozgar Yatra’ in Kannauj, may contest 2024 Lok Sabha polls from the old bastion

Samajwadi Party president Akhilesh Yadav is set to go on a ‘Samajwadi Vikas Rozgar Yatra’ in Kannauj on August 6 this year, in a bid to highlight the ruling Bharatiya Janata Party’s neglect towards the Uttar Pradesh district. The buzz is that Mr. Yadav will contest the 2024 Lok Sabha…

The Hindu

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The Hindu

BJP has reached out, but any decision on joining NDA after consulting supporters, says Mahan Dal chief

Amid buzz that the BJP is sending feelers to more sub-regional parties to join the National Democratic Alliance (NDA) in Uttar Pradesh, Mahan Dal (MD) president Keshav Dev Maurya on Thursday said BJP leaders are continuously reaching out to him to join the NDA alliance.

Dynamite News

SP Chief Akhilesh Yadav: Vote-bank politics of BJP has pushed Manipur to such horrendeus situation

"BJP and PM are one. Whatever is happening there is due to the hatred spread by RSS and the vote-bank politics of BJP...." Read further on Dynamite News:

The Hindu

Hindu temples built after demolishing Buddhist monasteries, says Swami Prasad Maurya amid Gyanvapi row

SP Gen. Sec. Maurya: Many Hindu temples were Buddhist religious places in past; survey should reveal what was before temple. BJP creating communal division to gain political dividends. Controversial remarks known to Maurya, who resigned from BJP alleging injustice to OBCs.

Barchart

Stocks Close Higher on Big Tech Earnings Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.73%. Stocks on Tuesday moved higher, with the S&P 500...

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news in one place.

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Barchart

Stock Gains Muted Ahead of Mega-Cap Tech Earnings and FOMC Results

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. Stocks this morning are moderately higher. Trading activity is...

Barchart

Stocks Post Moderate Gains on Strength in Energy Stocks and Lower Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.15%. Stocks this morning are moderately higher, with the Dow...

The Guardian - UK

Pound on worst run since March 2020 as weak economy curbs interest rate rises

New report suggests British economy almost stalled in July as consumers limited spending

The Hindu

Vijayawada | Three policemen suspended after Kuki tribal man of Manipur dies in custody

The Nellore district police ordered a departmental inquiry with seven policemen, including a Circle Inspector and an Assistant Sub-Inspector (ASI), in an alleged custodial death case. So far, Ttree policemen were suspended and four were sent to Vacancy Reserve (VR) in the case.

The Hindu

SBSP will join U.P. government soon, says Rajbhar

The SBSP chief said the party’s support base was continuously increasing and in many seats of eastern Uttar Pradesh, it was in a position to decide the outcome, which also manifested in the 2022 Assembly polls.

The Street

Hedge Fund Manager Doug Kass Predicted This Year's Rally: Here's What He Thinks About the Rest of 2023

The outspoken contrarian with a calculator offered up his latest take on what's next for stocks.

Dynamite News

Opposition Meeting: Great bonhomie between Akhilesh Yadav and Rahul Gandhi seen during Bengaluru conclave

Among other points that were discussed in the Meet included common minimum progamme, name of this new alliance and of course the venue of the next meeting. Must read full story on Dynamite News:

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