America Abbai Newsletter 10/25/24

Stock Markets As of 10/25 6:40 PM CST

S&P 500
5,808.12 (-0.03%)

Dow 30
42,114.40 (-0.61%)

Nasdaq
18,518.61 (+0.56%)

Bitcoin
66,240.51 (-2.69%)

Top News

Delta Air Lines filed a lawsuit against CrowdStrike, alleging the cybersecurity company’s failure to properly test a software update caused a massive technology outage in July, leading to thousands of canceled flights and costing Delta over $500 million. Delta claims CrowdStrike cut corners, causing the multi-day outage that impacted airlines, banks, hospitals, and other businesses. The U.S. Department of Transportation is investigating Delta’s slow recovery compared to other airlines, while CrowdStrike’s attorney argues Delta is misrepresenting the company’s role and claims the liability should be less than $10 million.

AP Photo

Indian authorities have taken emergency measures, including school closures, evacuations, and train cancellations, in anticipation of Tropical Storm Dana, which is expected to intensify and hit the eastern coast, especially Odisha, with strong winds and heavy rain. Around 300,000 people have already been evacuated, with plans for over 1 million more, as the storm threatens to impact 14 districts. Climate scientists attribute the rise in severe storms in South Asia to global warming, with increasingly intense cyclones causing significant loss of life and damage, as seen in last year’s deadly cyclone season.

Yuki Iwamura | Bloomberg | Getty Images

The Nasdaq Composite reached a new all-time high on Friday, driven by gains in major tech stocks like Nvidia, Meta, Amazon, and Microsoft, while the S&P 500 dipped slightly and the Dow fell by 0.61%. HCA Healthcare and Colgate-Palmolive saw declines after disappointing earnings reports, while 10-year Treasury yields edged up, reflecting market concerns over rising bond yields despite strong earnings. The Nasdaq marked its seventh consecutive weekly gain, contrasting with declines in the S&P 500 and Dow, both of which ended six-week winning streaks.

The Israeli military announced early Saturday that it is carrying out “precise strikes” on military targets in Iran, citing these actions as a response to “continuous attacks” from the Iranian regime against Israel.

An interview between NVIDIA CEO Jensen Huang and Reliance Industries Chairman Mukesh Ambani at the NVIDIA AI Summit in Mumbai has captivated social media, with the two leaders discussing AI’s transformative potential in India. Ambani emphasized India’s “intelligence revolution” powered by its youthful demographic, while Huang highlighted the country’s potential to become a global innovation hub. Ambani’s wit, energy, and humor, especially his quip about “NVIDIA” meaning “Vidya,” resonated with young viewers, sparking viral clips and enthusiastic discussions online.

Movie News

Mrunal Thakur’s career is on a high note, especially after her Telugu debut in Sita Ramam and the success of Hi Nanna, although she faced a minor setback with The Family Star. Originally considered for a role in Suriya’s Kanguva, which ultimately went to Disha Patani due to scheduling conflicts, Mrunal now appears to have secured her Tamil debut in Suriya’s next film, a fantasy thriller directed by RJ Balaji, elevating her profile in Kollywood. Her Bollywood schedule is also packed, with films like Pooja Meri Jaan, Hai Jawani Toh Ishq Hona Hi, Son of Sardar 2, and Tum Oh Ho, positioning her as a prominent figure in both Bollywood and regional cinema.

Director Lokesh Kanagaraj has expanded his popular Lokesh Cinematic Universe (LCU) with the announcement of a short film, Chapter Zero, set to explore the origins of this universe. Known for films like Kaithi, Vikram, and Leo, Lokesh’s LCU has captured fans’ imaginations, especially as cinematic universes are rare in India. The 10-minute prelude, introduced with a first-look poster captioned “1 shot 2 stories 24 hours,” features Arjun Das, Narain, and Kalidas Jayaram and promises to answer some lingering questions, though it’s unclear if stars like Vijay, Suriya, Karthi, or Kamal Haasan will make appearances.

Actress Sai Pallavi, set to debut in Bollywood as Sita in Nitesh Tiwari’s Ramayana, has faced backlash after a 2022 interview clip resurfaced, in which she commented on the differing perspectives on the Indian army between India and Pakistan. The video has sparked criticism online, with some users questioning her casting in Ramayana and expressing frustration over her past remarks. In Ramayana, Pallavi will appear alongside Ranbir Kapoor as Ram, Yash as Ravana, and Sunny Deol as Hanuman, marking one of the most anticipated Bollywood collaborations; meanwhile, she is also preparing for the release of her Tamil film Amaran, set to premiere on October 31.

Theatre Releases

Source: Filmibeat

Movie

Release Date

Venom: The Last Dance

Oct 24th

Yentha Panichesav Chanti

Oct 25th

C.202

Oct 25th

Samudrudu

Oct 25th

Pottel

Oct 25th

KA

Oct 31st

Amaran

Oct 31st

Kanguva

Nov 14th

Matka

Nov 14th

Streaming Dates

Binged

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