Business

Democrats seek to turn Supreme Court fight into referendum on Obamacare

Judge Amy Coney Barrett speaks after being nominated to the US Supreme Court by President Donald Trump within the Rose Garden of the White House in Washington, DC on September 26, 2020. OLIVIER DOULIERY | AFP | Getty ImagesPresidential contender Joe Biden and his Democratic allies are looking for to turn President Donald Trump's nomination of Judge Amy Coney Barrett to the Supreme Court into a referendum on the way forward for American well being care.  Trump nominated the Indiana-based federal appeals courtroom decide to the excessive courtroom on Saturday evening, praising her credentials and noting that future instances would resolve the "survival of our Second Amendment, our religious liberty, our public safety." Left unsaid at Barrett's nomination was that the courtroom will hea...

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Eight of top 10 firms lose Rs 1.57 lakh cr in market valuation

NEW DELHI: Eight of the top 10 valued firms witnessed a combined erosion of Rs 1,57,277.53 crore in market valuation last week, with Reliance Industries Limited emerging as the biggest laggard. Last week, the Sensex lost 1,457.16 points or 3.83 per cent. Only Infosys and HCL Technologies emerged as gainers among the most valued firms. The market valuation of Reliance Industries Limited tumbled Rs 70,189.95 crore to Rs 14,88,797.82 crore. Bharti Airtel's market capitalisation tanked Rs 31,096.67 crore to Rs 2,39,880.86 crore and that of ICICI Bank plummeted by Rs 14,752.95 crore to reach Rs 2,40,329.93 crore. The market valuation of HDFC declined by Rs 12,737.66 crore to Rs 2,96,339.09 crore and that of Tata Consultancy Services (TCS) dived Rs 10,675.53 crore to reach Rs 9,08,940...

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Every day-trader dollar is worth five in a new theory on stocks

Day traders claiming bragging rights for this year’s $9 trillion U.S. equity rebound can find some supporting evidence in the latest research. Even as retail trading has grown to represent 20% of daily volume, Wall Street has struggled to figure out how much this modest-sized contingent actually influences prices. After all, the market is teeming with algorithmic funds, long-only managers and more. But a fresh way to understand stock fluctuations via academics at Harvard University and the University of Chicago makes the effort a little easier. By weighing up the sensitivity of various players to prices, they shed light on how individual investors may have ended up calling the shots in the world’s biggest equity market. New research highlights price insensitivity of big funds and ...

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Coronavirus pandemic will take working mothers 10 years back in the workplace

By Amanda Taub As if working mothers did not have enough to worry about, experts are now sounding the alarm that progress toward gender equality may be the latest in a long list of casualties of the coronavirus pandemic. Substantial research has shown that most professional gender gaps are in fact motherhood gaps; women without children are much closer to parity with men when it comes to salaries and promotions, but mothers pay a large career penalty. Women tend to take on more of the burdens of caring for children and the family. To go to work, they need someone to help with that care. But fathers have been slow to change their behavior. And without subsidies, private child care can be prohibitively expensive. Workplaces already tend to penalize women who choose to work fewer hours...

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Pharma unlikely to see steep rally ahead, better to exit: Anand Tandon

To think that pharma can continue to go the same way, especially after the kind of steep rally it has seen, is being overly bullish, says the independent market expert. What is the sense that you are getting about where the markets are headed from here? The global market movement matters much more than what is happening on the domestic front. The domestic market could not have, by itself, led to the kind of rally that we witnessed over the last several weeks. As we get closer to the US elections, two things become important: one is whether or not you will be able to write up another bill and another kind of bailout for the US markets and which can possibly drive the markets up. The other one is the realisation that you may have a new government and a change in guard, and in which case t...

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Western nations rebuke China at UNHRC over human rights violations in Xinjiang, Hong Kong

GENEVA: Amid the growing concerns over ongoing human rights violation in Xinjiang and Hong Kong, the Western countries together slammed China and called for the restoration of the basic legal rights in the two regions. Speaking during the 45th session of the United Nations Human Rights Council (UNHRC) on Friday (local time), John Fisher of Human Rights Watch called for an international mechanism to address the sweeping violations by China. He was speaking on behalf of more than 300 NGOs from over 60 countries. He said, "Recently, a group of 50 UN experts had highlighted China's mass rights violations in Hong Kong, Tibet and Xinjiang by suppression of information and attacks on rights defenders, journalists, lawyers and government critics." He further pointed out that China has also ...

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News Updates Live: Trump picks a Supreme Court nominee – The Economic Times

!1 New UpdateClick here for latest updatesSenate confirmation hearings to start October 12 for BarrettSenate Judiciary Committee Chairman Lindsey Graham said in a statement on Saturday evening that the committee would host a hearing for opening statements on Oct. 12, followed by three to four days of questions and testimony.The hearings are part of an accelerated timeline as the Republican-controlled Senate seeks to vote on Trump's nominee before the election, and cement a 6-3 conservative majority on the court.COVID-19: Global deaths surpass 9,90,000The global death toll rose to 9,90,738, while there were more than 32.6 million cases worldwide.Over five lakh PPE kits being manufactured in India, daily"Now we have 110 PPE manufacturers in India, producing over 5 lakh per day. States who...

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Watch live: Trump announces Supreme Court nominee to replace Ruth Bader Ginsburg

[The stream is slated to start at 5 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is expected this evening to announce his pick to fill the Supreme Court vacancy left after Justice Ruth Bader Ginsburg's death. Trump's planned announcement comes after a week of national mourning.  Ginsburg, who passed away at age 87 after a long battle with pancreatic cancer, became the first woman and the first Jewish person to lie in state at the U.S. Capitol on Friday. She was viewed as pivotal figure in American law and as the leader of the court's liberal wing.  The president and Senate Majority Leader Mitch McConnell have vowed to rapidly press ahead with filling the vacancy, enraging Democrats who argue that whoever wins the Nov. 3 presi...

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