America Abbai Newsletter 8/27/24

Stock Markets As of 8/27 4:30 PM CST

S&P 500
5,625.80 (+0.16%)

Dow 30
41,250.50 (+0.02%)

Nasdaq
17,754.82 (+0.16%)

Bitcoin
61,532.59 (-2.27%)

Top News

Mark Zuckerberg, CEO of Meta, stated in a letter to the House Judiciary Committee that the Biden Administration pressured his teams to censor certain COVID-19 content in 2021, which he now regrets. He emphasized that Meta should not compromise content standards due to political pressure and is prepared to resist future attempts. A White House spokesperson responded that the administration's aim was to encourage actions that protect public health while allowing tech companies to make independent decisions.

Nvidia's stock has become more volatile as investors closely watch for changes in the demand for AI processors from large cloud providers. The company has been a major beneficiary of the AI boom and is expected to report its fourth consecutive quarter of triple-digit revenue growth. Wall Street is particularly interested in Nvidia's upcoming forecast as year-over-year growth comparisons become more challenging.

After spending over 160 days in Tihar jail, K Kavitha was released on bail granted by the Supreme Court in relation to the Delhi Liquor scam. Upon her release, Kavitha became emotional when she saw her son, hugging him tearfully. Shortly after, she delivered a fiery speech, vowing to seek revenge against those responsible for her arrest, stating, "I am a strong person... I won’t spare anyone who is behind my arrest."

Jay Shah, the secretary of the Board of Control for Cricket in India (BCCI), has been elected unopposed as the chairman of the International Cricket Council (ICC), becoming the youngest person to hold this position. Upon his election, Shah expressed gratitude to the ICC’s Member Boards and committed to elevating the game of cricket globally. Shah, who began his career with the Gujarat Cricket Association, will assume his role as ICC chairman on December 1, 2024, following Greg Barclay’s tenure.

Movie News

The Malayalam film industry has been shaken by a report from the Justice Hema Committee, which revealed widespread sexual harassment, exploitation, and discrimination against women, including popular heroines and junior artists. The report detailed harsh working conditions, underpayment, and instances of women being coerced into the sex trade, leading to several actresses coming forward with allegations against well-known figures. In response, there are calls for similar investigations in Bollywood, where it's believed that sexual exploitation and misconduct are even more prevalent but often hidden due to strong PR strategies and financial settlements protecting influential individuals.

The makers of 'Devara: Part 1,' starring NTR Jr., released a new poster featuring the actor's intense double-faced expression, hinting at a fierce determination. The film, directed by Koratala Siva and also starring Saif Ali Khan and Janhvi Kapoor, is set to premiere in theaters on September 27. NTR Jr., who began his acting career as a child artist in his grandfather NT Rama Rao's films, will bring his "majestic madness" to the big screen once again in this highly anticipated movie.

Nani and Priyanka Mohan's much-anticipated pan-India action drama, Saripodhaa Sanivaaram, is set for a grand worldwide release on August 29. The film has already generated significant interest, with advance bookings in North America reaching over $250,000, and it is expected to surpass $500,000 by its premiere, potentially outperforming Nani's previous hit, Dasara. Directed by Vivek Athreya and featuring SJ Suryah alongside Nani, the film's soundtrack is composed by Jakes Bejoy, and it is produced by DVV Danayya under the DVV Entertainment banner.

Theatre Releases

Source: Filmibeat

Movie

Starrring

Release Date

Saripodhaa Sanivaaram

Nani, Priyanka Arul Mohan

Aug 29th

HIT 3

Nani

Aug 30th

Narudi Brathuku Natana

Siddhu Jonnalagadda, Neha Shetty

Aug 30th

SKN - Sai Rajesh Movie

Santosh Sobhan, Alekhya Harika

Aug 31st

Selfish

Ashish

Aug 31st

Streaming Dates

Source: Binged

Source: Binged

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