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Top News

Owning a home has rarely been this much more expensive than renting

The gap between the cost of owning a home and renting has widened significantly in recent years, with ownership costing 35% more than renting on average, a near-historic high driven by rising mortgage rates, insurance premiums, and maintenance costs. While renting offers flexibility and lower upfront costs, homeownership remains a long-term goal for many Americans, as it builds equity and protects against rent increases. However, prospective buyers face challenges like high home prices and interest rates, leading some to delay purchases or opt for alternative housing solutions.

Nvidia nearly doubles revenue on strong AI demand

Nvidia exceeded expectations in its third-quarter earnings, reporting $35.08 billion in revenue (94% annual growth) and $0.81 adjusted earnings per share, driven by strong demand for AI-related chips in its data center business. The company's next-generation Blackwell chips have started shipping, and Nvidia projects $37.5 billion in fourth-quarter sales, reflecting 70% year-over-year growth. While Nvidia's gaming, automotive, and visualization segments also grew, the data center division remains the core revenue driver, with constraints expected to limit Blackwell chip supply through fiscal 2026.

Remote work crackdown: How Trump’s DOGE could push federal workers to quit

President-elect Donald Trump's newly announced Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, plans to reduce the federal workforce by mandating a return to in-office work and cutting programs deemed inefficient. The push to end remote work aims to reduce federal employees through attrition, requiring a five-day workweek for all federal agencies.

Key points of the initiative include:

1. Ending Remote Work:

- Aimed at reducing costs and workforce size.

- Musk and Ramaswamy argue taxpayer-funded employees should work in-office.

- Critics highlight potential disruptions to workers' lives, productivity, and mission-critical agency roles.

2. Relocating Federal Agencies:

- Moving offices outside Washington, D.C., could lead to voluntary resignations.

3. Cost-Cutting Initiatives:

- Targeting $516 billion annually allocated to expired federal programs.

- Prioritizing efficiency based on past governmental reports.

4. Other Executive Orders:

- DOGE is exploring broader cost-saving measures, including trimming redundant programs and restructuring agency budgets.

Although the initiative is in its early stages, it signals significant federal workforce changes. Critics argue that decisions like ending remote work overlook union negotiations and the long-term consequences on agency effectiveness.

Champions Trophy Was Not Enough, Now Pakistan And India On Collision Course Over IPL

The Pakistan Super League (PSL) faces challenges for its 2025 edition due to scheduling conflicts with the Indian Premier League (IPL), raising concerns among franchise owners about foreign player availability and broadcast plans. Owners have urged the PCB to address these issues urgently and follow through on promises like establishing an independent PSL secretariat. With the IPL mega auction and player restrictions by some boards, the PSL risks losing top talent, complicating its competitiveness and operations.

Adani charged in New York with massive fraud, bribery scheme

Gautam Adani, chairman of the Adani Group, faces charges in New York federal court for a large-scale bribery and fraud scheme. He, along with executives from Adani Green Energy and others, is accused of paying over $250 million in bribes to Indian officials to secure profitable solar energy contracts while misleading investors about anti-corruption practices. The SEC has also filed civil complaints, further compounding the legal challenges for Adani following earlier allegations of financial misconduct.

Movie News

Not 5 Yrs, Babu Must Be CM for 10 Yrs: Pawan Kalyan

Andhra Pradesh Deputy Chief Minister Pawan Kalyan praised Chief Minister Chandrababu Naidu during an assembly speech, expressing that Naidu should lead the state not just for the next five years but for a decade. Pawan substantiated his statement with a well-reasoned explanation, reflecting the strong camaraderie and respect between the two leaders. This bond is further energizing the collaboration between TDP and JSP cadres.

Heroine Reveals Her Conscious Decision To Not Marry

Actress Aishwarya Lekshmi, known for her roles in Ponniyin Selvan and Matti Kusthi, revealed in an interview that she has chosen not to marry, citing personal beliefs and observations about marriage. Despite rumors about her relationship with actor Arjun Das, she clarified they are just friends. Aishwarya shared that while she once dreamed of a traditional wedding, her experiences and reflections led her to reject the idea, emphasizing her focus on personal growth over societal expectations of marriage.

Game Changer third single: Thaman teases fans

Ram Charan's Game Changer, directed by Shankar, is set to release on January 10, 2025. The film's third single, a melody shot in stunning New Zealand locations, will have its promo released on November 25, and the full song on November 27. Featuring Kiara Advani, SJ Suryah, and others, the political action drama promises high production values and music by Thaman with lyrics by Ramajogayya Sastry and vocals by Shreya Ghoshal.

Theatre Releases

Source: Filmibeat