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Top Stock Market News For Today October 21, 2021

Stock Market Futures Ticked Lower Ahead Of Jobless Claims

U.S. stock futures edged lower on Thursday morning ahead of a string of earnings reports and economic indicators including jobless claims and home sales. Stocks have risen in recent days after stronger-than-expected earnings have eased concerns that sent markets lower at the start of fall. Of the 80 companies on the S&P 500 to have reported through Wednesday, 81{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} had topped expectations, according to FactSet.

“We’ve gone through a period of hesitation that’s brought a bit of volatility but I think stocks will keep trending higher,” said Paul Jackson, head of asset allocation research at Invesco. He expects households to keep spending savings accumulated during the pandemic. 

On the economic front, investors will also be looking at the weekly jobless claims that are due at 8.30 a.m. ET. Meanwhile, existing home sales data are expected to have rebounded in September after an August slowdown. The home sales data will be available at 10 a.m. ET. As of 6:50 a.m. ET, the Dow, S&P 500, and Nasdaq futures are declining by 0.30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, 0.25{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and 0.17{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} respectively.

Bitcoin Rallies To Fresh Peak After ETF Launch

Bitcoin rallied to a record high when ProShares Bitcoin Strategy ETF (NYSEARCA: BITO) made its stock market debut on Tuesday. Now, anyone with a brokerage account will be able to buy and sell a Bitcoin-backed financial product on the stock market. Since the Bitcoin ETF made its debut, it topped $1 billion in trading volume on its first day. That makes it one of the top ETF debuts in history. And that has given rise to a fresh wave of bullish predictions. It’s worth pointing out that the largest cryptocurrency has more than doubled in price this year. 

“The key here is whether we are able to establish support above $65,000 … If we can, the classic Q4 crypto rallies we’ve seen in most years could take bitcoin towards some of the loftier price predictions we’ve seen over the past several months. If sell pressure takes over, though, our next leg up could take a while to materialize.”- Jesse Proudman, CEO of crypto robo-advisor Makara.

After a successful debut of Bitcoin ETF, Valkyrie’s Bitcoin-linked ETF will be the second Bitcoin-backed ETF in the U.S. The Valkyrie Bitcoin Strategy ETF planned to trade under the ticker ‘BTF’ will debut on Friday. With so much enthusiasm surrounding Bitcoin ETF launches, will Bitcoin continue to swing upwards? 

[Read More] Best EV Stocks To Buy Right Now? 4 In Focus

Snap (SNAP) Earnings In Focus After The Stock Market Closes Today

Snap (NYSE: SNAP) is set to report its third-quarter financials after the stock market closes today. Investors are anticipating to see whether Snap can maintain its momentum when it releases its earnings results this evening. To recap, the company has beaten consensus estimates for revenues and earnings in recent quarters. That’s because the company’s strong niche and expansion into synergistic opportunities like augmented reality could help it maintain the bull run.

top tech stocks to watch (SNAP stock)

For the quarter ended September 30, the company projects that daily active users will climb to 301 million. It also expects revenue to grow between 58{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and 60{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Snap’s performance is quite remarkable given that just a couple of years ago it was struggling to compete with rivals such as Facebook (NASDAQ:FB). The latter copied some of the features that Snap launched to lure its young audience.

As of late, Snap trades approximately 33 times sales. Now, that certainly doesn’t look cheap. But many investors are optimistic about the company’s growth and its potential in augmented reality (AR). The company’s management expects third-quarter sales to increase by up to 60{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to $1.1 billion. Meanwhile, adjusted EBITDA could come in between $100 million and $120 million compared to $56 million in the prior-year period. Considering all these, would you bet on SNAP stock ahead of its earnings?

[Read More] Top Reddit Stocks To Buy Right Now? 5 For Your Late 2021 Watchlist

Tesla (TSLA) Bucks Global Semiconductor Shortage With Record Revenue

Despite the global semiconductor shortages, Tesla (NASDAQ: TSLA) reported impressive results that largely beat estimates. The largest EV manufacturer continues to make waves with record deliveries even as supply challenges weighed broadly on the auto industry. Like some of you may have anticipated, the more affordable Model 3 and Model Y vehicles played crucial roles in driving third-quarter deliveries. However, quarterly revenue came in slightly short of consensus expectations. Investors appear to be responding to that, with TSLA stock trading slightly lower in pre-market trading today.

top electric vehicle stocks to buy now (tsla stock)

From the quarterly report, Tesla reported operating earnings of $2.1 billion, up 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from its previous record earnings in the second quarter. Revenue rose 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to $13.8 billion, slightly below estimates. Meanwhile, earnings per share is 17{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} better than the consensus of analysts surveyed by Refinitiv.  Still, the company warned that the supply chain woes would still be a problem despite its success in overcoming those issues in the third quarter.

“This year has been just a constant struggle with parts supply … We’re just basically limited by multiple supply chain shortages, like so many supply chains of so many types, not just chips … We should be through our severe supply chain shortages in ’23. I’m optimistic that that will be the case.“- Elon Musk, CEO of Tesla Motors

[Read More] Top Stocks To Buy Now? 4 Consumer Stocks To Consider

Notable Earnings To Watch In The Stock Market Today

As the third-quarter earnings season continues to ramp up, there is no shortage of earnings to take note of today. Should you be keen on jumping on pre-market earnings, there are plenty to choose from. For instance, we have notable names such as American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), AT&T (NYSE: T) and Nucor (NYSE: NUE). Not to mention, consumer names like Crocs (NASDAQ: CROX) would also be in focus.

On the flip side, for those looking to track earnings after the closing bell, there are several on tap as well. These include the likes of Snap, Intel (NASDAQ: INTC) and  Chipotle Mexican Grill (NYSE: CMG). Whether it is keeping up with soaring crypto prices or digesting earnings and key economic data, investors have a lot to keep track of in the stock market today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Live: Coronavirus daily news updates, October 15: What to know today about COVID-19 in the Seattle area, Washington state and the world

While case counts are decreasing across the state, all large events in Washington will soon require proof of vaccination or a negative test. Gov. Jay Inslee announced the new policy Thursday, which applies to indoor events with more than 1,000 people and outdoor events with more than 10,000.

Meanwhile, U.S. health advisers said Thursday that some Americans who received Moderna’s COVID-19 vaccine at least six months ago should get a half-dose booster to rev up protection against the coronavirus.

We’re updating this page with the latest news about the COVID-19 pandemic and its effects on the Seattle area, the U.S. and the world. Click here to see previous days’ live updates and all our other coronavirus coverage, and here to see how we track the daily spread across Washington.



Anchorage mask rule in effect after override of mayor’s veto

The governing body of Alaska’s largest city has overridden the mayor’s veto of an emergency order instituting a mask mandate for 60 days.

The Anchorage Assembly on Thursday overturned, on a 9-2 vote, Mayor Dave Bronson’s veto of the measure requiring masks on most everyone in indoor public spaces, Alaska Public Media reported.

The assembly had held a public hearing for a regular mask measure that drew so much opposition and had so many people wanting to comment, it stretched over multiple days.

But during a meeting Tuesday in which the proposal was not being heard, the Assembly approved an emergency ordinance putting a mask mandate in place.

Bronson, a staunch critic of COVID-19 mandates, had vetoed the ordinance Wednesday.

Read the story here.

—The Associated Press


New Mexico judge denies lab workers’ claim in vaccine fight

A New Mexico judge on Friday denied a request by dozens of scientists and others at Los Alamos National Laboratory to block a vaccine mandate, meaning workers risk being fired if they don’t comply with the lab’s afternoon deadline.

The case comes as New Mexico extends a mask mandate for indoor spaces across the state, citing persistently high levels of community spread. Nearly 263,000 COVID-19 cases have been reported in the state since the pandemic began in 2020.

While the vaccination rate among adults in New Mexico continues to hover around 71.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, the rate among lab employees and contractors is much higher. The lab said last week that more than 96{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of workers had at least one shot, but it’s not known how many have since become fully vaccinated, how many have requested exemptions or how many could end up being fired for declining the shots.

The legal challenge was backed by 114 scientists, nuclear engineers, research technicians, designers, project managers and other workers at the lab. Some are specialists and have high security clearance for the work they do, which ranges from national defense to infrastructure improvements and COVID-19 research.

The workers claim the mandate is a violation of their constitutional rights and that lab management has created a hostile work environment.

Attorneys for the lab argued in court Thursday that being vaccinated was a condition of working at Los Alamos. Lab management had announced the vaccine requirement in August.

Read the story here.

—The Associated Press


Pfizer-BioNTech ask EU agency to OK vaccine for kids 5-11

FILE – In this June 6, 2021 file photo, a youth receives a Pfizer-BioNTech COVID-19 vaccine in the central Israeli city of Rishon LeZion. The pharmaceuticals Pfizer and BioNTech say they have requested that their coronavirus vaccine be licensed for children aged 5 to 11 across the European Union. If authorized, it would be the first opportunity for younger children in Europe to be get immunized against COVID-19. (AP Photo/Sebastian Scheiner)


Pharmaceutical company Pfizer and biotechnology company BioNTech said Friday they have requested to have their coronavirus vaccine licensed for children ages 5 to 11 across the European Union. If EU regulators agree, it would be the first opportunity for younger children in Europe to get immunized against COVID-19.

Pfizer and BioNTech said they submitted data to the European Medicines Agency, including late-stage results from a study testing their COVID-19 vaccine in more than 2,200 children ages 6 months to 11 years. The children received a lower dose than what’s normally given to adults.

The companies said in a statement that the results showed a “strong immune response” in the children and that the vaccine was also found to be safe. There are currently no COVID-19 vaccines licensed for use in children younger than 12 in Europe or North America; the ones made by Pfizer-BioNTech and Moderna are authorized for children 12 and older in the European Union.

Read the story here.

—The Associated Press


FDA panel endorses booster shot for J&J COVID-19 vaccine

A panel of U.S. health advisers endorsed booster doses of Johnson & Johnson’s single-shot COVID-19 vaccine Friday, saying they should be offered at least two months after immunization.

J&J has asked the Food and Drug Administration for flexibility with its booster, arguing the extra dose adds important protection as early as two months after initial vaccination — but that it might work better if people wait until six months later.

The FDA’s advisory panel voted unanimously that a booster should be offered without setting a firm time. The advisers cited growing worry that recipients of J&J’s vaccination seem to be less protected than people who got two-dose Pfizer or Moderna options — and that most got that single dose many months ago.

Read the story here.

—The Associated Press


UK: 43,000 may have received false negative COVID results

A COVID-19 testing sight opposite Wolverhampton Science Park, England, where the Immensa Health laboratory is based Friday, Oct. 15, 2021. British health officials said Friday that 43,000 people may have been wrongly told they don’t have the coronavirus because of problems at a private laboratory. The U.K. Health Security Agency said the Immensa Health Clinic Ltd. lab in Wolverhampton, central England has been suspended from processing swabs after the false negatives. Will Welfare, the agency’s public health incident director, said it was working “to determine the laboratory technical issues” behind the inaccurate tests. (Jacob King/PA via AP)


 British health officials said Friday that 43,000 people may have been wrongly told they don’t have the coronavirus because of problems at a private laboratory.

The U.K. Health Security Agency said the Immensa Health Clinic Ltd. lab in the central England city of Wolverhampton has been suspended from processing swabs after the false negatives.

Will Welfare, the agency’s public health incident director, said it was working “to determine the laboratory technical issues” behind the inaccurate tests.

The issue was uncovered after some people who were positive for COVID-19 when they took rapid tests went on to show up as negative on more accurate PCR tests.

The health agency said that “around 400,000 samples have been processed through the lab, the vast majority of which will have been negative results, but an estimated 43,000 people may have been given incorrect negative PCR test results,” mostly in southwest England. The incorrect results were given between Sept. 8 and Oct. 12.

Read the story here.

—Jill Lawless, The Associated Press


FDA panel takes up tough questions on J&J COVID-19 boosters

U.S. health advisers on Friday tackled who should get boosters of Johnson & Johnson’s single-shot COVID-19 vaccine and when — and whether using a competing brand for the second dose might provide better protection.

The push for boosters kicked off last month after the Food and Drug Administration authorized third doses of the Pfizer vaccine for seniors and younger adults with health problems, jobs or living conditions that place them at higher risk from the coronavirus. On Thursday, an FDA advisory panel unanimously recommended a half-dose booster of the similar Moderna vaccine for the same groups.

Friday, the same panel discussed a booster of J&J’s vaccine — but the decision is more complex. Moderna and Pfizer asked the FDA to OK boosters at least six months after immunization, but J&J proposed a sliding schedule with an extra dose as early as two months later.

Adding another twist, the experts also will discuss preliminary data from a government “mix-and-match” study that suggested J&J recipients may have a far stronger immune response if they get either a Moderna or Pfizer booster rather than a second J&J dose.

The FDA will use its advisers’ recommendations to decide whether to authorize boosters for both J&J and Moderna, likely next week, after which another government agency will rule on who should roll up their sleeves.

Read the story here.

—Lauran Neergaard and Matthew Perrone, The Associated Press


Russia breaks record again for COVID-19 deaths, infections

Russia’s daily tolls of coronavirus infections and deaths surged to another record on Friday, a quickly mounting figure that has put a severe strain on the country’s health care system.

The government’s coronavirus task force reported 32,196 new confirmed coronavirus cases and 999 deaths in the past 24 hours.

The record for daily COVID-19 deaths in Russia has been broken repeatedly over the past few weeks, as fatalities steadily approach 1,000 in a single day. It comes amid increasing infections and a reluctance by authorities to toughen restrictions that would further cripple the economy.

The government said this week that about 43 million Russians, or just about 29{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the country’s nearly 146 million people, are fully vaccinated. Authorities have tried to speed up the pace of vaccination with lotteries, bonuses and other incentives, but widespread vaccine skepticism and conflicting signals from officials stymied the efforts.

Despite the mounting toll, the Kremlin has also ruled out a new nationwide lockdown like the one early on in the pandemic that badly hurt the economy, eroding President Vladimir Putin’s popularity.

Read the story here.

—Vladimir Isachenkov, The Associated Press


Newly discovered bat viruses give hints to COVID’s origins

An undated photo provided by Kevin K. Caldwell, shows a least horseshoe bat, Rhinolophus pusillus, one of three species of horseshoe bat observed in a recent study. Coronaviruses discovered in Laotian bats are surprisingly adept at infecting human cells, showing that such deadly features can indeed evolve outside of a lab. (Kevin K. Caldwell via The New York Times) — NO SALES; FOR EDITORIAL USE ONLY WITH NYT STORY SCI-VIRUS-BATS BY CARL ZIMMER FOR OCT. 14, 2021. ALL OTHER USE PROHIBITED. — XNYT XNYT


In the summer of 2020, half a year into the coronavirus pandemic, scientists traveled into the forests of northern Laos to catch bats that might harbor close cousins of the pathogen.

The fecal samples the collected turned out to contain coronaviruses, which the scientists studied in high-security biosafety labs, known as BSL-3, using specialized protective gear and air filters.

Three of the Laos coronaviruses were unusual: They carried a molecular hook on their surface that was very similar to the hook on the virus that causes COVID-19, called SARS-CoV-2. Like SARS-CoV-2, their hook allowed them to latch onto human cells.

“It is even better than early strains of SARS-CoV-2,” said Marc Eloit, a virus expert at the Pasteur Institute in Paris who led the study, referring to how well the hook on the Laos coronaviruses binds to human cells.

The findings have significant implications for the charged debate over COVID’s origins, experts say. Some people have speculated that SARS-CoV-2’s impressive ability to infect human cells could not have evolved through a natural spillover from an animal. But the new findings seem to suggest otherwise.

Read the story here.

—Carl Zimmer, The New York Times


Wyoming district where student arrested extends mask mandate

High School junior Grace Smith, 16, and her father Andy Smith poses in the Laramie Boomerang newsroom in Laramie Wyo., Thursday, Oct. 7, 2021. Police had arrested Grace Smith earlier that day when she violated a school mask mandate and allegedly refused to leave Laramie High School. The school district voted Wednesday Oct. 13, 2021, to extend the mask mandate another month. (Greg Johnson/Laramie Boomerang via AP)


A mask-wearing mandate will continue for at least another month in a Wyoming school district where a student who wouldn’t wear a mask got arrested for allegedly refusing to leave her high school.

Grace Smith, 16, might not be involved in future confrontations at Laramie High School, however. The junior said she was withdrawing after being “bullied, discriminated against and worst of all, legitimately threatened.”

Albany County School District No. 1 trustees voted 6-1 later in the meeting to extend the district’s mask mandate for everybody inside district buildings until Nov. 12. The mask requirement had been set to expire this Friday.

Wyoming has had one of the lowest vaccination rates and highest COVID-19 rates in the U.S. but the district is among just a few in Wyoming to require masks this fall. Smith’s anti-mask stance is widespread in this conservative state, where Republican Gov. Mark Gordon has vowed not to return to mask mandates since imposing an unpopular one last winter.

Laramie — home to the University of Wyoming, which has been requiring masks in most of its buildings this fall — has been somewhat more receptive to masks than many Wyoming communities which also have had heated debates over masks this fall.

Police arrested Smith at her high school Oct. 7 after she served two consecutive, two-day suspensions for not wearing a mask.

Read the story here.

—Mead Gruver, The Associated Press


Catch up on the past 24 hours

—Kris Higginson


Seattle Times staff & news services

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October 13 News Updates: Air India Unions raise concerns about cash, leave, medical benefits, accommodation of employees & arrears

!1 New UpdateClick here for latest updates

Wrap Up: All you need to know

  • Wipro Q2 consolidated profit rises by 17{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to Rs 2,930.6 cr, revenue up at Rs 19,667.4 cr
  • Infosys Q2 net profit up 11.9 pc at Rs 5,421 crore; revenue rises 20.5 pc to Rs 29,602 crore: Co filing
  • Govt scraps basic customs duty on crude varieties of palm, soyabean and sunflower oil till March 31; also cuts agri cess
  • Govt withdraws travel advisory that added COVID-19 related additional checks, restrictions on those arriving from the UK
  • Shardul Thakur replaces all-rounder Axar Patel in India’s main squad for T20 World Cup. Patel placed in list of stand-by players: BCCI
  • Kolkata Knight Riders beat Delhi Capitals by 3 wickets in second IPL qualifier, set up title clash with Chennai Super Kings
  • Cumulative COVID-19 vaccine doses administered in India has crossed 96 crore with more than 32 lakh jabs administered today
  • All colleges and universities in Maharashtra can conduct physical classes from October 20
  • Delhi records 31 fresh COVID-19 cases, zero death; positivity rate at 0.05 per cent: Health bulletin

Deity at Sri Kanyaka Parameswari Temple decorated with gold

IBM in talks with states to expand ‘SkillBuild’ initiative in India

IT company IBM on Wednesday said it is in talks with several states in India to expand its ‘SkillsBuild’ initiative.

Government of Puducherry declares holidays on October 15 and 16 for govt, govt-aided and private schools on account of Vijayadasami in the UT and Karaikal regions.

IPL2021, Qualifier 2: Kolkata Knight Riders (136/7) beat Delhi Capitals (135/5) by three wickets, to face Chennai Super Kings in the final

36 IPS, 14 PPS officers transferred in Punjab

Mexico tells WHO to act without “ideology” on certifying COVID-19 vaccines

Mortal remains of Sepoy Vaisakh H reaches Thiruvananthapuram

Union Housing and Urban Affairs Ministry says 1,183 of 1,224 pressure swing adsorption (PSA) oxygen generation plants being funded by PM Cares Fund have been commissioned across country so far

Air India Unions have demanded that employees should be allowed to stay in airline flats till monetization or at least for a year as Tatas are giving a one-year employment guarantee

Air India Unions in a joint letter to Secretary, Ministry of Civil Aviation raise concerns about cash, leave, medical benefits, accommodation of employees & arrears

Ghaziabad: Many people feared injured after a bus falls from Bhatia Modh flyover; Police present at the spot, rescue operation underway

Israel FM Lapid, with Blinken at his side, says his country ‘reserves right’ to use force on Iran

Power System Operation Corporation Limited (POSOCO) has reported that the total capacity of units under outage due to low coal stocks has reduced from 11 GW on 12th October to 6 GW on 13th October: Ministry of Power

BJP leaders in Madhya Pradesh’s Indore send air tickets to Congress leaders Priyanka Gandhi Vadra and Rahul Gandhi, ask them to visit their party-ruled Rajasthan, where atrocities have been allegedly committed on Dalits

National Commission for Schedules Castes chairman Vijay Sampla directs officials to take swift action against those who thrashed a Dalit man to death in Rajasthan’s Hanumangarh district

Blue Origin capsule lands on Earth after space flight with Star Trek’s Shatner

Telangana logs 184 cases, 1 death; 2 Cr people have got first dose of vaccine

Letter from Delhi Police received with names of 32 jail officials found prima facie complicit in the Unitech matter

Out of 32 personnel, 30 regular employees suspended & 2 contractural employees terminated: Prison officials

Former Prime Minister Dr. Manmohan Singh admitted to All India Institute of Medical Sciences, Delhi for evaluation of fever; his condition is stable: AIIMS officials

India’s COVID-19 vaccination coverage crosses 96.78 crore with more than 32 lakh vaccine doses have been administered till 7 pm today: Government of India

Priyank Kanoongo re-appointed as chairperson of the National Commission for Protection of Child Rights for a period of three years

Former BJP MP Kirit Somaiya claims searches conducted by Income Tax officials on premises linked to family members of Maharashtra Deputy CM Ajit Pawar are ‘biggest’ such raids in India

The maximum demand of Delhi was 4707 MW (peak) and 101.5 MU (Energy) on 12 Oct. As per the information received from Delhi DISCOMs, there was no outage on account of power shortage, as the required amount of power was supplied to them

– Ministry of Power

India’s COVID-19 vaccination will cross landmark of 100 crore vaccine doses in a few days; country will produce over 28 crore doses in October

– Union Health Minister Mansukh Mandaviya

Chief Minister Pushkar Singh Dhami has said that on death due to COVID19, the state government will give a compensation of Rs 50,000 to the kin of the deceased: Uttarakhand Chief Minister’s Office

“Unsung Heroes of Odisha”

Tamil Nadu reports 1,280 new COVID19 cases, 19 deaths and 1,453 recoveries in the last 24 hours

active cases 15,650

COVID19: Himachal Pradesh reported 139 new cases, 68 recoveries and one death during the past 24 hours

Former Maharashtra home minister Anil Deshmukh tells Bombay HC that ED initiated proceedings against him in alleged money laundering case based on claims made by those people who themselves are accused of “heinous offences such as murder and extortion”

4 held with 66 grams of heroin in separate incidents in J-K’s Kathua

Former PM Manmohan Singh admitted to AIIMS with fever and weakness

Media Reports

At least 108 Yemen rebels dead in strikes south of Marib: Saudi-led coalition

National Investigation Agency (NIA) has arrested five more terror operatives in J&K terrorism conspiracy case during raids at two places in Srinagar earlier today: NIA

‘Samajwadi Vijay Yatra’ reaches Kanpur

President appoints the 14 advocates and judicial officers as judges of the Telangana High Court, Orissa HC and Kerala HC

Mumbai reports 481 new cases, 3 deaths and 461 recoveries in last 24 hours

COVID-19: Delhi reports 31 new cases, 58 recoveries and zero deaths in the last 24 hours; active cases 338

US consumer prices rose 5.4 percent annually in September: govt

COVID-19; 357 new positive cases, 438 recoveries and 10 deaths have been reported in Karnataka, today

Active cases 9621 and total positive cases 29,82,089

Lakhimpur Kheri violence case: Ankit Das sent to judicial custody till 22nd October

COVID19: 11,079 new cases, 123 deaths and 9,972 recoveries reported in Kerala today

Active caseload stands at 97,630

Chief of Army Staff General MM Naravane in Sri Lanka

Colleges in Maharashtra to re-open from October 20, reported ToI quoting Higher and technical education Minister Uday Samant.

NCB says it has spoken to MEA for identification of foreign nationals allegedly involved in the VIP drug bust case

Reports TIMES NOW

Cruise ship raid case: A Mumbai Court adjourns hearing for tomorrow on bail applications of Aryan Khan, Arbaaz Merchant and Munmun Dhamecha

President Ram Nath Kovind will visit Ladakh and Jammu & Kashmir on Oct 14 & 15

The coal target which was given to us by Power Ministry was 1.9 million tonnes/day & after 20th it was 2 million tonnes/day. Today, we’ve supplied 2 million tonnes of coal. I can assure that there’ll be no shortage of coal for electricity production

– Union Coal Min Pralhad Joshi

An earthquake measuring 3.4 on the Richter scale occurred at East Kameng, Arunachal Pradesh at 1610 hours: National Center for Seismology (NCS)

Putin says ‘very important’ to ‘stabilise’ gas market

Shardul Thakur added to India’s main T20 World Cup squad

All-rounder Axar Patel, who was part of the 15-member squad will now be on the list of stand-by players: BCCI

India was one of 1st countries recognising Armenia’s independence & established diplomatic ties. Today, we did comprehensive review of our bilateral relations & discussed regional & multilateral issues. We agreed on road map for future cooperation

– EAM Dr S Jaishankar in Armenia

Rajnath Singh to address SCO webinar on Role of Women in Armed Forces

Session on ‘Historical Perspective of Women’s Roles in Combat Operations’ will be chaired by Dy Chief of IDS (Medical) Lt General Madhuri Kanitkar

Gold gains Rs 63; silver jumps Rs 371

Gold in the national capital on Wednesday rose Rs 63 to Rs 46,329 per 10 grams amid rally in international precious metal prices, according to HDFC Securities. Silver also jumped Rs 371 to Rs 60,788 per kg, from Rs 60,417 per kg in the previous trade.

Infosys Q2 net profit up 11.9 pc at Rs 5,421 crore; revenue rises 20.5 pc to Rs 29,602 crore: Co filing

Maharashtra Cabinet announces a package of Rs 10,000 cr to the farmers affected by heavy rains and floods

Rs 10,000/hectare assistance for agriculture, Rs 15,000/hectare for horticulture& Rs 25,000/hectare for perennial crops; aid to be provided up to a limit of 2 hectares land.

Mindtree Q2 PAT at Rs 398.9 cr vs Rs 343.4 cr QoQ

Infosys board approves dividend of Rs 15/share

Reports ET NOW

Wipro Q2 consolidated profit rises by 17{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to Rs 2,930.6 cr, revenue up at Rs 19,667.4 cr

It’s good that Devendra Fadnavis still considers himself as CM. I congratulate him. After being CM for five years, Fadnavis still feels he is holding the post. I lacked this trait. I had served as CM (of Maharashtra) four times. But I don’t even remember

– NCP chief Sharad Pawar

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‘This is our Lazarus moment’

‘This is our Lazarus moment’

Ozy Media is not useless inspite of initially announcing it was shutting down very last 7 days following crucial studies about its business enterprise tactics, the firm’s CEO instructed Nowadays solely on Monday.

“We’re going to open for enterprise, so we’re earning news these days,” Ozy CEO Carlos Watson told Modern Craig Melvin. “This is our Lazarus instant, if you will, this is our Tylenol second. Last 7 days was traumatic, it was difficult, heartbreaking in many methods, Home Decor Ideas.”

Watson’s reversal arrives soon after Ozy Media produced an announcement on Oct. 1 that it was shutting down the organization, just five times after a report by The New York Instances specific alleged misconduct by 1 of the company’s top rated executives on a conference phone, as effectively as improved scrutiny of the company’s small business procedures.

“At Ozy, we have been blessed with a remarkable staff of devoted staff members,” a statement from the company’s board of directors study. “Many of them are earth-class journalists and experienced professionals to whom we owe huge gratitude, and who are wonderful colleagues. It is consequently with the heaviest of hearts that we will have to announce currently that we are closing Ozy’s doors.”

But Watson now suggests that conclusion has been reversed.

“At the conclude of the week, we did suspend functions with a plan to wind down,” he informed Today. “And as we used time over the weekend we talked to advertising and marketing partners, we talked to some of our viewers, some of our viewers, our listeners, our traders.

“I feel Ozy is part of this instant, and it’s not heading to be simple, and I believe what we do with newsletters, what we do with Television set shows, first Television set reveals, podcasts and a lot more, I feel has a area.”

The preliminary announcement of a closure appeared to mark a breathtaking drop for Ozy, which had elevated tens of tens of millions in trader funding considering that its founding in 2013 as a media business aimed at a younger viewers with a concentrate on its YouTube demonstrates.

The report by New York Times media columnist Ben Smith cited 4 nameless resources alleging that Ozy COO Samir Rao impersonated a YouTube government on a Feb. 2 convention connect with with banking large Goldman Sachs, which was wanting to spend $40 million in the corporation.

The voice on the call purporting to be from YouTube informed the Goldman executives about Ozy’s good results on the system in racking up sights and advertising dollars, but it was allegedly Rao himself talking.

Executives grew suspicious when the voice sounded digitally altered, and YouTube’s safety team started an investigation, according to the report. Google, which owns YouTube, contacted the FBI.

Watson issued an apology to Goldman Sachs and then told Smith in an email that Rao was having a psychological well being crisis when he allegedly impersonated the YouTube government.

Smith informed MSNBC previous 7 days the behavior was “part of a pattern of deceiving traders, advertisers, the media, all sorts of individuals, about what was heading on with that organization.”

In his sit-down with Today, Watson stated he had no expertise that Rao was likely to impersonate a YouTube exec on a contact with Goldman.

“No — and it’s sad, and it really is hard,” he mentioned. “It was improper. Obviously, they figured it out really promptly.”

Watson also explained he was not on the convention call.

“Aspect of the fund-increasing method, you conclusion up speaking to a ton of men and women, and I’m not on every single connect with,” he claimed.

He included that he has not heard from the FBI or legislation enforcement about any alleged legal exercise or fraud relating to the phone contact.

“I surely have not, but here’s what I will say,” Watson reported. “That is a tragic problem, it can be terrible, nothing very good about that at all. I am grateful that in the end Goldman failed to make investments for the reason that that would’ve been the worst of all.”

Watson also said that a number of months after the conference connect with, Goldman Sachs commenced “a new promotion partnership” with Ozy.

“I assume that was a recognition that as tragic and not Ok as that was, that the more substantial business, Ozy, has performed some rather exclusive items when it comes to top quality information, ahead-seeking information, and definitely a varied set of audiences,” he mentioned.

Goldman Sachs and Rao did not reply to requests for comment from These days about the alleged phone get in touch with. Google and the FBI did not reply to requests for remark about an alleged investigation.

Watson, 52, a former MSNBC anchor, has been the community experience of the firm as the CEO and host of a converse exhibit with quite a few substantial-profile attendees.

The firm was also acknowledged for the notable speakers at its annual collecting, “Ozy Fest.”

The identify “Ozy Fest” begun a trademark lawsuit with Tv set host and truth star Sharon Osbourne and hefty metal legend Ozzy Osbourne, who possess the legal rights to the Ozzfest live performance collection.

Watson informed CNBC two years back that they experienced set their lawful concerns at the rear of and the Osbournes have been now invested in Ozy. But Sharon Osbourne mentioned on CNBC past 7 days that was not legitimate, and that Watson “is the most important shyster I have at any time found in my everyday living.”

Watson fired back again at Osbourne on Monday. He claimed that Ozy gave the Osbournes shares in the organization as section of an agreement to settle the lawful struggle more than “Ozy Fest,” hence making them buyers.

“Let us be really obvious, I am not likely to increase income by telling refined persons that Sharon Osbourne’s an investor,” Watson said. “No intelligent trader is heading to say, ‘Oh good, you’ve received Sharon Osbourne.'”

“The last pair of times gave a large amount of people a probability to get low-priced photographs,” he extra. “Which is not to say that there usually are not factors that we can do better. We need to do superior on info, we require to do much better on marketing, I think you can find some factors we can do far better on leadership and tradition.”

In a tweet final week, Watson referred to as The New York Moments tale a “strike task” and added that the business was “solid and undeterred.”

“Creating a thing new, new and deserving is not for the weak,” Watson tweeted on Sept. 27.

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RBI’s new auto-debit rule, pension norms: 9 changes that will set in from October 1

NEW DELHI: From pension procedures to the new car-debit rules and discontinuation of cheque textbooks of certain banking institutions, a slew of changes are set to occur into impact from Friday.
Most alterations will have a immediate affect on the working day-to-day lives of the persons.

Here are some of the new norms that will be applicable from now on:

* RBI‘s auto-debit rule

New car-debit guidelines will appear into influence from these days as the Reserve Financial institution of India’s (RBI) extended deadline to implement the tips comes to an conclude.
There will be no computerized recurring payments for solutions like recharge, utility monthly bill as the more component of authentication (AFA) has now become required.
To guarantee protection and security of card transactions, the central financial institution experienced, in December very last 12 months, directed all banking institutions that processing of recurring transactions (domestic or cross-border) utilizing playing cards or Pay as you go Payment Devices (PPIs) or Unified Payments Interface (UPI) below preparations/methods not compliant with AFA would not be ongoing over and above March 31, 2021.
Even so, non-readiness of some of the gamers experienced forced the RBI to prolong the deadline on recurring payment till September 30.
The rule is applicable to all varieties of recurring payments like utility expenses, cellular phone recharge, DTH and OTT, amongst other people.
As for every the tips, banking companies will send out a just one-time password (OTP) to consumers for payments earlier mentioned Rs 5,000.

* Pension rules

To keep obtaining their pension sum on time, all pensioners want to submit a daily life certification each individual 12 months to the authorised pension disbursing businesses like banking companies, put up workplaces and the like or else they will not likely receive the money.
The new rule that will come into influence from these days will allow each and every eligible person previously mentioned the age of 80 yrs to submit their digital lifetime certification at Jeevan Praman Centres of their respective post places of work.
Final date to submit these digital certificates is November 30.
Electronic lifetime certificates for pensioners scheme — also recognised as Jeevan Pramaan — has been initiated by the federal government of India to digitise the whole method of securing a everyday living certificate.
Compared with just before, pensioners are not required to be bodily existing in front of the pension disbursing company or the certification authority.
It employs the Aadhaar system for biometric authentication of the pensioners.

* Cheque textbooks of 3 PSU banking institutions will turn out to be invalid

Clients of Allahabad Financial institution, Oriental Lender of Commerce (OBC) and Union Bank of India (UBI) will have to implement for new cheque books as the existing kinds will grow to be invalid from nowadays.
As the govt announced its mega bank merger drive in August 2019, 10 community sector undertakings (PSUs) ended up merged into 4 huge entities.
As part of the approach, Allahabad Lender was merged with Indian Financial institution Oriental Financial institution of Commerce and Union Bank of India were being merged into Punjab National Lender (PNB).
Both Indian Lender and PNB have been urging prospects of the banking companies that merged into them to concern new cheque publications.


In addition, customers also have to have to update their pre-current MICR magnetic ink character recognition (MICR) and Indian economic program codes (IFSC) as they will be halted if not up to date.

* Personal liquor retailers in Delhi to be shut for a month

Around 40 for every cent liquor vends in the national money that are operate privately will shut down from these days thanks to the new excise policy of the Delhi govt.
Under the new plan, all the 850 liquor vends, like the 260-odd retailers that are operate privately, have been specified to personal corporations as a result of open up tender.
The new licence holders will start off retail sale of liquor in the metropolis from November 17.
In the transition period of time of practically just one-and-half thirty day period, only authorities-operate liquor vends will keep on being open. The govt vends will near down on November 16.

* Sebi procedures for new buying and selling accounts

Buyers who open up a new trading and demat account from October 1 now have the choice of furnishing nomination or opting out nomination.
The current holders of these accounts will require to present alternative of nomination by March 31, 2022. In scenario they fall short to do so, their demat accounts will be frozen.
As for every the new guidelines issued by Securities and Exchange Board of India (Sebi), from Oct 1, all trading members and depository contributors will activate new trading and demat accounts only on receipt of the requisite forms.
The current market regulator has issued a format for nomination variety and opting out of nomination via a declaration type.

* Nationwide thoroughly clean India marketing campaign

The government’s thirty day period-extensive Thoroughly clean India Drive will start from now. The programme focuses largely on eradicating one use plastic and other waste.
Asserting the generate, Union minister Anurag Thakur explained that it will be the premier cleanliness travel with much more than 75 lakh tonnes of waste, primarily plastic squander from distinctive sections of the place will be gathered and more processed in a ‘waste to wealth’ product.

* New Sebi rule for Mutual Fund investments

Aside from this, Sebi has mandated that all designated employees of asset management companies (AMC) be paid up to 20 for each cent of their every month payment in units of the mutual fund schemes in which they have a part or oversight.
All junior workers below the age of 35 a long time will have to make investments 10 for every cent of their wage in the to start with year and 15 for each cent in the second yr of implementation in techniques which they take care of in a phased fashion.
Other personnel will be needed to invest 20 per cent of their regular payment in MF strategies they handle from the recent 12 months by itself.
In other phrases, 10 for each cent of wage will be invested from October 1, 2021 to September 30, 2022 and 15 for each cent from October 1, 2022 to September 30, 2023. They will also want to maximize this kind of financial commitment to 20 for each cent from Oct 1, 2023 onwards.

* Ordnance Manufacturing unit board to be dissolved

The Ordnance Manufacturing unit Board (OFB) will be dissolved with outcome from currently and break up into 7 PSUs.
On June 16, the Union Cabinet had accepted splitting of the OFB into 7 fully government-owned company entities to make improvements to its working as the key supplier of arms, ammunition and clothing to the armed forces.
The OFB was an entity of the defence ministry and equipped important arms and ammunition to the a few armed forces and the paramilitary.
All 41 factories, belongings, workforce and administration are staying transferred to these 7 new PSUs.
The new defence PSUs will be recognized as Munitions India Ltd, Armoured Autos Nigam Ltd, Superior Weapons and Products India Ltd, Troop Comforts Ltd, Yantra India Ltd, India Optel Ltd and Gliders India Ltd.

* FBOs want to declare FSSAI license selection on all invoices

The Foods Security and Benchmarks Authority of India (FSSAI) has urged food stuff enterprise operators (FBO) to print their 14-digit registration and license figures from nowadays on all costs and invoices.
FSSAI quantity is accessible on all packed foodstuff. But, mentioning the licence and registration range will assure that FBOs get themselves registered with FSSAI in scenario they haven’t done it nonetheless.
This will also help buyers to raise issues with the food stability office if they are not pleased with high-quality of foods.
People can entry information and facts about a particular foodstuff business as it will be publically obtainable at FSSAI’s portal.
It will also help the regulators to trace the origin of the criticism and attend to it promptly.