Author: Ralf Jennings

I have been covering reports on everything relating to American politics and economic trends in the U.S. since 1999. After my graduation from college, I began to work as a part-time writer for a local magazine. full bio
Nifty breaks crucial 11,200 as these 5 factors dampen market sentiment

Nifty breaks crucial 11,200 as these 5 factors dampen market sentiment

Business
Bears tightened their grip over Dalal Street on the first day of the week itself. The BSE Sensex fell more than 300 points intraday on July 29, as all sectoral indices traded in the red with autos, metals and pharma falling most. The Sensex was down 196.42 points at 37,686.37. The Nifty50 fell below its crucial 11,200 support level, losing 95.10 points to 11,189.20, but the rally in ICICI Bank after Q1 numbers managed to limit the losses. The broader markets continued to see capitulation, with the Nifty Midcap and Smallcap indices declining 1 percent each. In fact, year-to-date both Midcap and Smallcap indices fell 9 and 11 percent, respectively, against more than 3 percent gain registered by Nifty50. After FPI-led selloff, the earnings in June quarter disappointed, s
Trump Attracts Criticism after Changing His Position on Mueller’s Testimony

Trump Attracts Criticism after Changing His Position on Mueller’s Testimony

Politics
Ever since Mueller's report was released, it's been part of almost every headline concerning the White House and the American government. Regarding the issue of Robert Mueller's testimony, Trump initially said that the Attorney General should make the decision. Yesterday, however, the President took to Twitter stating that “Robert Mueller should not testify. No second chance for the Democrats.” Following his change of stance, the President has attracted a lot of criticism from Democrats who have waited eagerly to question Mueller about the extent of Russia’s interference in the 2016 elections. This tweet has only increased the already existing tension between the Democrats and the White House. After Trump made the comment, Chuck Schumer, a Senate Minority Leader, said that the
North Korea Fires Short-range Missiles Amid Growing Tensions With The United States

North Korea Fires Short-range Missiles Amid Growing Tensions With The United States

World News
After avoiding launching for more than one year, North Korea finally launched several short-range missiles. This move comes amid growing tensions with the United States. The South Korean government and the White House have issued statements about the launch. On Friday, Sarah Sanders, the press secretary at the White House said; we know that North Korea launched missiles and we are monitoring the situation accordingly. Less than three months ago, United States president Donald Trump met with Kim Jong Un, the leader of North Korea, to discuss terms of denuclearization in Korea. Even if this was the second time both leaders were holding such a summit, they were unable to reach a conclusion in favor of denuclearization. North Korea had initially imposed a testing moratorium but ...
Bernie Sanders Encourages Disney to Increase Workers Wages with the Profit from Avengers: End Game

Bernie Sanders Encourages Disney to Increase Workers Wages with the Profit from Avengers: End Game

Market
Last weekend, the long-awaited Avengers: End Game was debuted. As expected, it was a record-breaking success. Globally, Disney made $1.2 billion in ticket sales while they made about $350 million in the United States alone. Now, presidential aspirant, Bernie Sanders has suggested that Disney does something heroic with the profits they generated from End Game. Taking to Twitter, Sanders suggested that Disney uses the profit it generated from End Game to increase the compensation of middle-class workers within the company. Right now, the CEO of the company, Bob Iger, earns about $65.6 million. This amount is about 1,400 times higher than what the average Disney worker earns according to Sanders. This is the first time Sanders is talking about the compensation plan at Disney. ...
United States Navy Warships Ignore Opposition From China and Sail Through Taiwan Strait

United States Navy Warships Ignore Opposition From China and Sail Through Taiwan Strait

World News
For some time now, tensions have been growing between Taipei and Beijing just like there have been tensions between the United States and China. However, because the United States is bound by law to offer help to the people of Taiwan when they are in a difficult situation, two Navy warships sailed across the Taiwan Strait yesterday. This is despite the rising opposition from China and will most likely affect the already rocky relationship between the United States and China. Taiwan, on the other hand, considers this move by the United States government as a sign of support from the country. Over time, it has become one of the flashpoints in the relationship between the United States and China. Sailing across the 112 miles wide Strait, the two Navy ships are Stethem and William...
Donald Trump Compares Border to Disneyland, Calls for Changes to Immigration Laws

Donald Trump Compares Border to Disneyland, Calls for Changes to Immigration Laws

Politics
Yesterday morning, the president of the United States of America, Donald Trump, during an interview with Fox News, spoke against certain immigration laws which he considered to be inappropriate and full of loopholes. According to him, the US-Mexico border is just like Disneyland because an end has been put to the controversial family separation policy which separated children from their parents. He referred to the current situation as a ‘disaster’ stating that at least ten times more families will be immigrating to the United States with the new policy. During the interview with Maria Bartiromo, a video of an immigrant family that had been detained by border patrol was displayed. Bartiromo suggested that there is a possibility that the people are not real family members. Trump
PepsiCo Decides to Settle Lawsuit Against 4 Indian Farmers who grow its Patented Potato Variety

PepsiCo Decides to Settle Lawsuit Against 4 Indian Farmers who grow its Patented Potato Variety

Business
Patents allow businesses to thrive and dominate a niche by being the only registered producers of a given product. When a product is patented, it would be illegal for another company or group to use that product for business purposes until the patent expires. This is what PepsiCo did for a variety of potato it uses for Lays chips. However, the company discovered that four farmers in India are growing this same variety of potato without its permission and decided to take them to court. The Indian subsidiary of PepsiCo initially requested that the farmers pay 10 million rupees for violating their patent. Now, in a recent press release, the company offered to settle with the farmers if certain conditions are met. According to CNN, Pepsi will drop the lawsuit against the farmers i...
Hillary Clinton Urges Democrats to Proceed with Caution on Trump’s Impeachment

Hillary Clinton Urges Democrats to Proceed with Caution on Trump’s Impeachment

World News
Ever since Mueller's report was released, there have been several headlines about the issue. In an opinion article on Washington post, the former presidential candidate who contested against Trump in 2016, Hillary Clinton, said that the Democrats should proceed with caution in the case regarding the President's impeachment. She said that the content in the report is only the beginning and further investigations will reveal full details about how Russia got involved in the presidential race. She said that the report accused Mr. Trump of an assault on the United States and a crime against the American people. However, Clinton noted that it would be foolish to think that Democrats have no choice but to impeach immediately or forget about the case. In her words; “This is obviou
Wall Street Analysts Warn Investors Not To Be Fooled By Sudden New Highs In Stock Market

Wall Street Analysts Warn Investors Not To Be Fooled By Sudden New Highs In Stock Market

Market
On Tuesday, the United States stock market closed at record-breaking highs. Since then, traders and investors have been on a buying spree. However, Private Wealth Management's senior portfolio manager, Michael Baele has urged investors about buying stocks because of the recent highs. Speaking to the Wall Street Journal, he said that the United States stock market is trying to repeat what happened in the last quarter of 2018. In his opinion, the current buying pressure is influenced by panic and not strong technicals and fundamentals. Long-term traders are worried that the Feds will increase the rates so they want to buy as much as they can at the current rate. Michael Baele isn't the only experienced analyst who has advised investors to proceed with caution. ThinkMarkets UK...