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- America Abbai Newsletter 11/1/24
America Abbai Newsletter 11/1/24
Source: Yahoo Finance
Stock Markets As of 10/30 5:00 PM CST
S&P 500 | Dow 30 | Nasdaq | Bitcoin |
Top News
Nvidia will replace Intel in the Dow Jones Industrial Average on Nov. 8, reflecting Nvidia’s rapid growth due to AI demand and Intel’s declining market position. Nvidia’s stock has surged over 170% in 2024, boosted by high demand from tech giants like Microsoft and Amazon for its GPUs, while Intel faces challenges with declining market share and significant job cuts. This change highlights the Dow’s ongoing shift towards major tech companies, with Nvidia’s recent stock split facilitating its inclusion in the price-weighted index.
Instagram has introduced new features to its DMs, designed to help creators and influencers manage high volumes of incoming message requests more effectively. These tools allow users to filter message requests by factors like follower count, verified status, brands, and creators, enabling priority sorting for potential business and networking opportunities. Additionally, a “Story Replies” folder will centralize replies to Stories, reflecting Instagram’s response to feedback from creators and signaling further planned improvements for DM management.
In 2025, the IRS will raise the 401(k) contribution limit to $23,500, but catch-up contributions for people 50 and older will remain at $7,500. However, those aged 60 to 63 can contribute up to $11,250 in catch-up funds, allowing a maximum of $34,750 due to the Secure 2.0 retirement law. While IRA contribution limits remain the same, income thresholds for contributing to Roth and traditional IRAs have increased slightly, broadening eligibility for tax-advantaged retirement savings.
In the 2024 presidential race, Kamala Harris leads narrowly in Wisconsin and Michigan, while Trump holds slim leads in key swing states like Georgia, Pennsylvania, and Arizona, though all within the margin of error. If current polling holds, Trump could secure 287 electoral votes by winning these states, but if Harris exceeds expectations in Wisconsin, Michigan, Pennsylvania, and picks up an electoral vote in Nebraska, she could achieve the needed 270. Early voting trends show high turnout among women and a close registration gap, with 41% Democrats and 39% Republicans, slightly tighter than in 2020.
A 17-year-old was taken into custody for allegedly driving an SUV that struck and killed a pedestrian, Shilpi, in Greater Noida’s Bisrakh area. CCTV footage shows the SUV speeding and losing control while overtaking a tractor, hitting the 27-year-old woman and dragging her into a pole, where she died instantly. Police seized the vehicle and apprehended the teen driver after he initially fled the scene.
During a visit to Jagannadhapuram village, Pawan Kalyan criticized YCP leaders, expressing frustration over their antagonistic behavior while distributing free gas cylinders. He warned that his silence might not last, stating, “We will criticize you on social media and respond if provoked.” Reflecting on his restraint, he emphasized that if conflict arises, it should be one that encourages development and safety.
Movie News
Hero Kiran Abbavaram and producer Naga Vamsi both issued bold pre-release challenges about the originality of their films. Kiran declared that if anyone could predict the plot twist in KA, he would stop making movies. Similarly, Naga Vamsi offered to host a party if anyone found flaws in Lucky Bhaskar. Both films fulfilled these promises, surprising audiences with unique storylines. The box office response will determine the ultimate success of their bold claims.
In Pushpa 2: The Rule, the buzz around the next item song has seen names like Tripti Dimri, Disha Patani, and Shraddha Kapoor, with high anticipation for who will perform alongside Allu Arjun. Sree Leela has emerged as the top choice due to her dance skills, and there’s even talk that Samantha might appear as well. The final decision is expected soon, and the song, composed by Devi Sri Prasad, promises to make a big impact.
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
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