Stock Markets ^{As of 9/6 3:56 PM CST}

Top News

Nasdaq, S&P 500 see worst week of the year in volatile start to September

US stocks closed lower on Friday, ending a volatile week as investors reacted to a key jobs report that influenced expectations of an interest rate cut. The Nasdaq dropped over 2.5%, while the S&P 500 and Dow Jones fell around 1.7% and 1%, respectively, marking the Nasdaq's worst week since June 2022. The US added 142,000 jobs in August, missing forecasts, with unemployment at 4.2%, leading to increased expectations of a larger rate cut by the Fed. Chipmaker Broadcom's shares fell over 10% due to weak sales forecasts, dragging down other tech stocks like Nvidia.

‘The sky is not falling’: US economy added 142,000 jobs in August

The US labor market showed improvement in August with 142,000 jobs added, a rebound from July’s revised figure of 89,000, and unemployment dropping to 4.2%. Although job growth was below the expected 160,000, the labor market remains resilient despite high interest rates. Economists suggest that while the labor market is weakening, it is not collapsing, reducing the urgency for drastic Federal Reserve rate cuts. The recent job growth aligns with trends seen in the last few months but is lower than the average monthly gain of 202,000 over the past year.

Cybertrucks Are A Disaster Now, But Winter Will Be A Nightmare. Here's Why Cybertruck Owners Should Be Worried

Tesla's Cybertruck, marketed as a tough and capable off-road vehicle, has faced criticism after videos surfaced showing it getting stuck in light snow. One viral clip shows the truck immobilized in just four inches of snow, sparking social media jokes and doubts about its winter performance. In addition, the Cybertruck’s stainless steel body, while visually striking, is proving difficult to maintain, as even basic cleaning products can leave streaks and dark spots. Owners are contemplating wrapping their trucks to preserve the finish, but delaying this can make restoring the look even more challenging. These issues raise concerns about the vehicle's practicality in real-world conditions.

Meta will let third-party apps place calls to WhatsApp and Messenger users — in 2027

Meta is updating WhatsApp and Messenger to comply with the Digital Markets Act by enabling interoperability with third-party messaging services. Users will receive notifications about new compatible apps and have an onboarding flow to learn about and activate these integrations. Additionally, they can choose to organize messages from third-party services into a separate folder or a combined inbox.

Vinesh Phogat Gets Haryana Poll Ticket Hours After Joining Congress

Vinesh Phogat, the renowned wrestler recently disqualified from the Paris Olympics, has been given a ticket by the Congress party to contest the Haryana polls from Julana, marking a significant political shift for her. Former Chief Minister Bhupinder Singh Hooda and state unit chief Udai Bhan will also run for office in the upcoming elections, while Congress’ Mewa Singh will challenge Chief Minister Nayab Singh Saini in Ladwa. Phogat, along with Bajrang Punia, joined Congress after their protest against alleged misconduct by former BJP MP Brij Bhushan Singh, expressing gratitude for the party's support and vowing to fight against injustice.

Mahesh Goud, The New Telangana PCC Chief

The All India Congress Committee (AICC) has appointed MLC Mahesh Kumar Goud as the new Telangana Pradesh Congress Committee (TPCC) chief. Goud, who has a long history with the Congress party, including roles as PCC Secretary and Spokesperson, succeeded despite competition from several other prominent figures. His political career began as an NSUI State General Secretary, and he has held various party positions and contested elections in the past, though he faced setbacks. Goud's recent appointment as MLC and his previous roles in the party highlight his enduring influence and commitment to Congress.

Movie News

Latest update on Siddu Jonnalagadda-Bommarillu Bhaskar film

Following the success of DJ Tillu, actor Siddu Jonnalagadda has signed multiple new projects, including the film Jack – Konchem Crack. Directed by Bommarillu Bhaskar, the film is currently shooting in Hyderabad, featuring a comedic cast that includes Siddu, Vaishnavi Chaitanya, Prakash Raj, and others. The team, known for Siddu's strong comedic performance, will move to Nepal for a significant schedule starting September 15. Produced by BVSN Prasad under the Sri Venkateswara Cine Chitra banner, with music by Achu Rajamani, Jack promises to be an exciting addition to Siddu's filmography.

Jr NTR has a message for Nandamuri Mokshagnya

Nandamuri Mokshagnya, son of Balakrishna, officially announced his debut film on Friday. Jr NTR, a family member, extended his congratulations on social media, wishing Mokshu blessings from NT Rama Rao as he begins his cinematic journey. Directed by Prasanth Varma and produced by Sudhakar Cherukuri, Mokshu’s debut project is eagerly anticipated. Meanwhile, Jr NTR’s upcoming film Devara, directed by Koratala Siva, will release on September 27.

Stree 2 Box Office Collection Day 22: Rajkummar’s Film Enters 500Cr Club; Gives A Strong Fight To SRK’s Jawan

Stree 2, starring Rajkummar Rao and Shraddha Kapoor, has become the biggest blockbuster of 2024 so far. Directed by Amar Kaushik, this horror-comedy sequel to the 2018 film Stree opened to strong reviews and the highest box office collection of the year, totaling Rs 60.3 crores on its opening day. Despite facing competition from films like John Abraham's Vedaa and Akshay Kumar's Vedaa, Stree 2 has maintained impressive box office performance and has now entered the 500 crore club.

Theatre Releases

Source: Filmibeat