America Abbai Newsletter 1/6/25

By Vamsi Kari

Stock Markets As of 1/6 8:55 PM CST

S&P 500
5,975.38 (0.55%)

Dow 30
42,706.56(-0.06%)

Nasdaq
19,864.98(+1.24%)

Bitcoin
101,849.66(2.64%)

Top News

Canadian Prime Minister Justin Trudeau announced his resignation, stating he will step down once the Liberal Party selects a new leader, citing challenges such as internal party struggles and economic discontent. Trudeau, who has led Canada for nine years, faced mounting crises, including criticism over policy decisions and declining public support, with polls showing the opposition Conservative Party leading by a significant margin. As the Liberal Party prepares for leadership elections, possible successors include Mark Carney, Mélanie Joly, and Chrystia Freeland, with the next general election expected by October 20.

Disney is merging its Hulu+ Live TV service with Fubo, combining two streaming bundles that offer linear TV networks similar to traditional cable. The agreement excludes Hulu’s standalone streaming service, known for its original content like Only Murders in the Building and The Handmaid’s Tale. Following the announcement, Fubo’s stock experienced a significant surge in early trading.

Nvidia (NVDA) stock hit a record high of $149.43 ahead of CEO Jensen Huang’s keynote at CES in Las Vegas, reflecting a 3.43% increase driven by anticipation of major product announcements. Investors are focused on the rollout of Nvidia’s Blackwell AI chips, which analysts project could represent a $100 billion market opportunity despite earlier production delays and rumors of overheating. Huang’s keynote, expected to preview Nvidia’s AI advancements, comes as the company leads a resurgence in tech stocks, highlighting its critical role in the burgeoning AI market.

A powerful 7.1 magnitude earthquake struck Tibet near the Nepalese border, killing nine people, with tremors felt across parts of India, including Bihar, Assam, and West Bengal. Nepal, located in a geologically active zone where the Indian and Eurasian tectonic plates collide, frequently experiences earthquakes due to its tectonic activity. The National Centre for Seismology reported the initial quake occurred at 6:35 am, followed by two subsequent earthquakes in the region.

The Anti-Corruption Bureau (ACB) has issued a fresh notice to K.T. Rama Rao (KTR), working president of the Bharat Rashtra Samithi (BRS), requesting his appearance on January 9 in connection with the Formula-E race case. This follows an earlier incident where KTR visited the ACB headquarters but declined to participate in questioning after his lawyer was denied entry. KTR has requested that the ACB defer his questioning until the Telangana High Court delivers its verdict on his petition to quash the case. The case involves alleged irregularities amounting to ₹54.88 crore in the Formula-E deal, with the ACB filing charges under the Prevention of Corruption Act and sections of the Indian Penal Code.

Movie News

Pushpa 2: The Rule has made history by surpassing Rajamouli’s records and becoming the highest-grossing Indian film, earning ₹1,831 crore worldwide in just 32 days. Officially announced by Mythri Movie Makers, this milestone breaks the long-standing dominance of “Baahubali” as the benchmark in Indian cinema. The film’s commercial appeal and massive success mark a historic achievement in the Indian box office.

Game Changer, directed by Shankar and produced by Dil Raju, is set to release on January 10, 2025, as a social drama starring Ram Charan and Kiara Advani. Known for extravagant song sequences, the film’s standout track, “Jaragandi,” reportedly cost ₹20 crore to produce, featuring a vibrant road-style theme with thousands of dancers. Music for the film is composed by Thaman, with expectations running high for this grand-scale project.

The talk show “Unstoppable with NBK,” hosted by Nandamuri Balakrishna, has featured numerous celebrities, including Venkatesh, Pawan Kalyan, Prabhas, Mahesh Babu, and Allu Arjun. However, notable figures like Nagarjuna and Chiranjeevi have not appeared on the show, possibly due to rumored tensions between them and Balakrishna. Additionally, reports suggest that the production team has instructed guests to avoid mentioning Jr. NTR’s name during the show, reflecting the strained relationship between Balakrishna and Jr. NTR.

Theatre Releases

Source: Filmibeat

Movie

Release Date

Marco

Jan 1st

Game Changer

Jan 10th

Daaku Maharaaj

Jan 12th

Sankranthiki Vasthunnam

Jan 14th

Streaming Dates

Reply

or to participate.