America Abbai Newsletter 2/10/25

By Vamsi Kari

Stock Markets As of 2/10 9:30 PM CST

S&P 500
6,066.44 (0.67%)

Dow 30
44,470.41(0.38%)

Nasdaq
19,714.27(0.98%)

Bitcoin
97,584.68(0.79%)

Top News

Donald Trump signed an executive order imposing 25% tariffs on steel and aluminum from all countries, with potential carveouts for select nations like Australia. The move escalates trade tensions, particularly with Canada, Mexico, and China, and comes ahead of additional tariffs on autos, semiconductors, and pharmaceuticals. Businesses and global leaders are bracing for economic uncertainty as retaliatory measures are expected.

Gold surged to a record $2,942 an ounce before retracing gains after Trump imposed tariffs on US steel and aluminum imports, fueling economic uncertainty. Investors see gold as a safe-haven asset, with forecasts suggesting it could hit $3,000–$3,150 an ounce amid trade tensions and inflation concerns. However, some indicators suggest the rally may be overextended, and traders await Fed Chair Powell’s testimony for monetary policy signals.

Victor J. Blue | Bloomberg | Getty Images

Elon Musk and a group of investors have offered $97.4 billion to buy OpenAI, aiming to regain control over what they claim has deviated from its original open-source, nonprofit mission. Musk, who co-founded OpenAI but later left over disagreements, has accused CEO Sam Altman of prioritizing profit, while Altman dismissed the bid with a sarcastic remark about buying Twitter. With big investors like Microsoft involved, OpenAI faces pressure to balance AI safety concerns with commercial growth.

Prime Minister Narendra Modi arrived in Paris and attended a welcome dinner hosted by French President Emmanuel Macron, where he met global leaders, including US Vice President JD Vance, ahead of the AI Summit. He received a grand welcome from the Indian community, expressing gratitude for their unwavering support despite the cold weather. PM Modi’s visit also includes bilateral talks with Macron to review progress on the 2047 Horizon Roadmap for strengthening India-France strategic ties.

Movie News

The movie Sankranthiki Vasthunam, starring Venkatesh, is setting a new trend in film distribution. Instead of premiering on streaming platforms first, the film will debut on Zee Telugu TV before making its way to ZEE5 on March 1st. This strategy is designed to cater to television audiences before the movie becomes available online, making it a unique move in the current OTT-driven landscape.

The pre-release event of Vishwak Sen’s movie Laila has sparked controversy due to actor Prithviraj’s comments that YSRCP supporters have interpreted as political. The hashtag #BoycottLaila gained traction, with some threatening to leak a pirated HD version of the film. Producer Sahu Garapati and Vishwak Sen clarified they were unaware of Prithviraj’s remarks and apologized for any offense caused, with Sen highlighting the serious impact of the boycott movement.

Megastar Chiranjeevi has three films lined up, including a new project with director Anil Ravipudi. The movie will be produced by Sahu Garipati and Sushmita Konidela, with shooting starting this summer. The film is slated for a Sankranthi 2026 release, and Bheems Ceciroleo will compose the music. Fans are excited to see Chiranjeevi’s comic timing in this fun-filled entertainer.

Theatre Releases

Movie

Release Date

Thandel

Feb 7th

Laila

Feb 14th

Mazaka

Feb 14th

Dilruba

Feb 14th

Streaming Dates

Binged

Binged

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