Stock Markets ^{As of 12/10 4:20 PM CST}

Top News

Elon Musk’s Net Worth Tops $400 Billion, a Historic First

Elon Musk’s net worth soared to $447 billion following a record-breaking $62.8 billion one-day gain, largely driven by Tesla’s stock surge and insider sales of SpaceX shares. SpaceX, now valued at $350 billion, became the most valuable private startup globally. Tesla shares hit an all-time high, supported by policy expectations under Trump. Musk has added $218 billion to his wealth in 2024, aided by Tesla’s 71% stock increase and rising interest in xAI, now worth $50 billion. Musk remains the richest person despite legal setbacks.

Nasdaq tops 20,000 for first time as Big Tech surges, Tesla hits first record in 3 years

Tech stocks surged on Wednesday, driving the Nasdaq up 1.7% as Alphabet, Tesla, Meta, and Amazon reached record highs amid investor optimism. Inflation data aligned with forecasts, showing a 2.7% annual rise in November, supporting expectations for a Federal Reserve rate cut in December. The S&P 500 gained 0.8%, while the Dow dipped slightly. Bitcoin also rose, exceeding $101,300 per token. Analysts highlighted the strong performance of the “Magnificent Seven” tech stocks, benefiting from resilient rates and market dynamics.

"Like Beast...": What Techie's Wife Claimed In Complaint, What He Said In Suicide Note

Atul Subhash, a Bengaluru techie, died by suicide following alleged harassment by his wife, Nikita Singhania, who had filed a 2022 dowry harassment complaint against him and his family. She accused him of physical abuse, dowry demands, and transferring her salary forcefully. Subhash, in a detailed suicide note, refuted these claims as baseless and questioned their plausibility. He pointed out inconsistencies in the allegations, including the lack of evidence of abuse and the implausibility of dowry demands given his income. The case highlights a contentious legal and emotional battle.

Trump vs Musk: Battle Over H-1B Visas

The debate over H-1B visas has intensified, with Elon Musk and Donald Trump presenting differing perspectives on the program’s purpose and execution. Musk supports the H-1B visa program for attracting high-skilled talent to the U.S., particularly for the tech industry, which often faces labor shortages. His stance aligns with his companies’ need to recruit global talent to innovate and compete in the high-tech sector.

On the other hand, Trump has criticized the program, arguing that it has often been exploited by companies to replace American workers with cheaper, foreign labor. He advocates for reforms to ensure the program serves its original intent—bringing in highly skilled workers rather than facilitating outsourcing or lower-skilled roles. Trump’s administration emphasized a merit-based immigration system and sought to tie H-1B visas more closely to skill levels, particularly for advanced degrees in technology .

This ideological clash underscores broader debates about balancing economic competitiveness, job protection, and immigration reforms in the U.S. tech sector.

Movie News

GodzillAA – PUSHPA 2 Hits Fastest 1000Cr!

Pushpa 2: The Rule, starring Allu Arjun and directed by Sukumar, has smashed box office records by becoming the fastest Indian film to gross ₹1,000 crore. Its Hindi version outperformed expectations, contributing ₹38 crore net on a single day, highlighting its pan-India appeal. This success firmly establishes Allu Arjun as a national star, with the film setting opening day records across 23 states.

Vishnu to Settle 'family matter' in His Style!

Manchu Vishnu and his brother Manoj are at the center of a family dispute that has drawn significant public attention. The feud reportedly escalated when Vishnu allegedly assaulted a family member, Sarathi, who has been associated with Manoj. Manoj recorded the incident and shared it on social media, leading to widespread discussion before the post was deleted.

The incident has added strain to an already complicated family dynamic, with Manoj and Vishnu managing separate affairs. Their father, Mohan Babu, is reportedly distressed by the situation, particularly as it has now involved the police and the public eye. The feud has sparked significant debate within the film industry and among fans .

Sikandar is my first commercial Bollywood film – Rashmika Mandanna

Rashmika Mandanna has solidified her national appeal with a standout performance in Pushpa 2: The Rule, a blockbuster that crossed ₹1,000 crore globally. Up next, she stars alongside Salman Khan in Sikandar, marking her debut in a fully commercial Bollywood film. Describing her experience of working with Salman as “nerve-wracking,” Rashmika expressed excitement about venturing into mainstream cinema while emphasizing her versatility as an actress.

Directed by AR Murugadoss and co-starring Kajal Aggarwal and Suniel Shetty, Sikandar is produced by Sajid Nadiadwala and is set for an Eid release next year. Rashmika hopes this project broadens her horizons in Bollywood and showcases her adaptability beyond performance-driven roles.

Theatre Releases

Source: Filmibeat