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Tax the dog (walker)
wvnews138d ago

Tax the dog (walker)

At first it seemed like something from the satirical website Babylon Bee. The new governor of Virginia, the “moderate” Democrat Abigail Spanberger, has proposed a tax hike on services such as dog walking and grooming.

#ECONOMY
Breaking News: Trump announces major India–US trade agreement on social media
abplive138d ago

Breaking News: Trump announces major India–US trade agreement on social media

A major breakthrough has been achieved in India–US trade relations as both countries have agreed on a long-awaited trade deal. Former US President Donald Trump announced a significant reduction in tariffs imposed on Indian goods, cutting them from 50% to 18%. The announcement was made on Trump’s social media platform, Truth Social, where he cited strong personal ties and friendship with Prime Minister Narendra Modi as a key factor behind the agreement. Following the announcement, PM Modi thanked President Trump publicly, stating that cooperation between the world’s two largest democracies creates immense mutual benefits. The tariff reduction is expected to provide major relief to India’s economy, boost exports, protect jobs, and strengthen the “Make in India” initiative. Experts note that every 1% tariff reduction helps save nearly $1 billion in exports and protects thousands of jobs. The agreement brings an end to a seven-month tariff conflict that began in April 2025 and escalated to 50% by August due to additional penalties linked to India’s oil imports from Russia. With tariffs now lowered, Indian exports to the US are expected to recover quickly, GDP growth may accelerate, investor confidence could rise, and bilateral strategic ties will strengthen. Overall, the deal is being seen as a major economic and diplomatic win for India.

#ECONOMY
google138d ago

What happens to SpaceX's $650 million bitcoin after mega deal with Elon Musk's xAI - CoinDesk

What happens to SpaceX's $650 million bitcoin after mega deal with Elon Musk's xAI CoinDeskElon Musk’s SpaceX acquires xAI, merging his two most ambitious companies CNNElon Musk's SpaceX acquiring AI startup xAI ahead of potential IPO CNBCExclusive: SpaceX, xAI set share exchange ratio at 0.1433, source says ReutersElon Musk Is Said in Advanced Talks to Combine SpaceX, xAI Bloomberg.com

#CRYPTO
Musk's SpaceX–xAI mega deal sharpens focus on bitcoin accounting ahead of IPO
biztoc138d ago

Musk's SpaceX–xAI mega deal sharpens focus on bitcoin accounting ahead of IPO

Musk's SpaceX–xAI mega deal sharpens focus on bitcoin accounting ahead of IPOThe move concentrates crypto exposure across Musk’s businesses, with energy company Tesla’s among the top public holders of the asset.What to know:- Elon Musk’s merger of SpaceX with his artificial-intelligence firm...

#CRYPTO
Gold and silver crash after historic rally: Should you buy, sell or hold?
odishatv138d ago

Gold and silver crash after historic rally: Should you buy, sell or hold?

After hitting record highs earlier this year, gold and silver prices are now witnessing a sharp correction, leaving investors uncertain about whether to sell, hold, or buy.Since the start of 2026, precious metals had been on a strong upward trajectory, with gold gaining in double digits and silver surging over 50 per cent. Last Thursday, both metals reached all-time highs in international markets.However, the rally reversed dramatically over the past few days. Gold, which had climbed to nearly USD 5,600 per ounce, slipped to the USD 4,500–USD 4,700 range, marking a decline of up to eight per cent. In India, 24-carat gold fell from around Rs 1.69 lakh to approximately Rs 1.51 lakh per 10 grams.Silver experienced an even sharper fall. After touching USD 121 per ounce, it plunged over 30 per cent — the steepest decline since 1980. In India, silver prices dropped from Rs 4.20 lakh to nearly Rs 3.45 lakh per kilogram.Gold and silver ETFs also felt the impact. Gold ETFs fell by up to six per cent, while silver ETFs dropped as much as 15 per cent, prompting exchanges to impose circuit limits to curb extreme volatility.Experts attribute the sell-off to a combination of profit booking, a stronger US dollar, and uncertainty following the nomination of Kevin Warsh as Federal Reserve chair, known for his hawkish stance on inflation. Adding to the pressure, the CME Group raised margin requirements on gold and silver futures, triggering forced liquidations in global markets.Despite the correction, many analysts remain bullish on gold. JP Morgan projects gold prices could reach USD 5,000–USD 6,300 per ounce by the end of 2026, supported by central-bank purchases and geopolitical tensions. Gold continues to be seen as a reliable hedge for long-term investors.Also Read: Crisps of Courage: How two teen brothers turned grief into the ₹3 crore dream called MH19 Chips ValaSilver, however, is likely to remain more volatile. With no central-bank support and a smaller market size, experts advise investors to exercise caution. Some recommend trimming overexposure, while others suggest that the correction is a healthy adjustment and silver may hold above current levels.Long-term gold investors may consider holding or accumulating gradually, whereas silver investors are advised to reassess their risk and exposure carefully amid ongoing volatility.

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