AMERICAN SMALL BUSINESSES
Nvidia's Jensen Huang, the scandal-hit AI visionary in a leather jacket
Chips made by US chip titan Nvidia push the boundaries of artificial intelligence, but its leader Jensen Huang is in the spotlight over an affair with an alleged Chinese spy. That is an area of concern to US officials who believe he has been involved with the alleged spy, Alice Huang, who is linked to a Singapore-based data center company, according to the New York Times.
Why did you come back? The Indian dream beyond India's borders
The trend of Indian emigration continues, driven by aspirations for better opportunities abroad. Despite improvements in India, many individuals still seek to leave the country. Historical patterns of migration are linked to economic conditions and personal ambitions. The allure of the United States remains significant for many professionals. However, immigration policies may restrict future movement and opportunities for those seeking success.
Winning at Diwali gifting: Ditch the mithai, bring on the bling
Diwali is celebrated with vibrant decorations, festive gatherings, and traditional rituals in India this year. Businesses are experiencing a significant increase in online sales leading up to the holidays. Families gather to enjoy rich cultural customs and unique gifting practices during this festive season. Various products, ranging from gold coins to luxury home items, are popular during this time.
Trump Media's investors lost $2.2 billion while Trump holds $460 million stake
Ske Jarzenske and other Trump Media investors are facing severe losses as the company's stock value has plummeted. Many investors had high hopes for the social media platform, believing in its potential profitability under Trump's leadership. Instead, Trump Media's shares have lost significant value, and discontent among shareholders has grown. The company's revenue remains stagnant, leading investors to question management practices and investor trust.
Deepinder Goyal teases big reveal on Temple, will explain 'why I left $35 billion Eternal for Temple'
Deepinder Goyal has revealed his upcoming departure from Eternal to pursue Temple, a health wearable startup. He plans to provide a detailed note explaining his decision and the vision for Temple. Goyal's message will also address the startup's objectives and what it aims to achieve for humanity's betterment. Additionally, he has expressed his discontent towards certain doctors who criticize the health sector. Goyal is expected to share this information shortly.
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TReDS sees a festive boost; Nykaa’s growth strategy
Happy Friday! Festive inventory demand has lifted invoice financing on TReDS platforms. This and more in today’s ETtech Morning Dispatch.
Buffett reveals what a company director is paid for 6 meetings a year, then asks one question that explains everything
Warren Buffett sat on the boards of 21 companies over 62 years, and in this letter he explains how the people who are supposed to guard your money actually get chosen. He then reveals what the job pays for a few days of work a year, points out that the word independent has come to mean close to its opposite, and names the one thing he looks for in the directors of companies he owns. By the end you will have two questions to ask of any annual report, and nobody in the governance business is going to ask them for you.
US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty
As US tariffs on Canadian kitchen cabinets are set to double to 50%, the industry faces significant challenges. Companies like Cabico are considering relocating production to the US to mitigate costs. Many cabinet manufacturers have experienced reduced shipment volumes and workforce cuts due to tariffs. The Canadian government has proposed a provisional 25% surtax, but manufacturers want stronger measures.
Deb Haaland: A single mother's journey to becoming the first Native American woman to govern a US state
Deb Haaland's election as governor of New Mexico signifies a notable achievement in political representation. She previously served as the US Secretary of the Interior, marking more milestones in her career. Haaland's campaign focused on affordability and proposed reforms in healthcare and child welfare systems. Her victory represents a continued progression for Indigenous voices in American politics.
US Midterm Elections 2026: From Ami Bera to Pia Dandiya, Meet Indian-Americans who won amid Democratic blue sweep
The 2026 US Midterm Elections marked a transformational shift within Congress, as the Democrats regained control of both the House of Representatives and the Senate. A wave of Indian-American candidates, including Ami Bera and Pramila Jayapal, celebrated remarkable victories at congressional and state levels, championing critical issues like immigration reform.
Amish Shah claims victory in Arizona congressional seat, 6th Indian-American in US House; becomes first from community to represent state
Amish Shah defeated Republican Jay Feely to become Arizona's first Indian-American congressman. He won 52.49 per cent of the vote in a competitive election. Before Congress, Shah served three terms in the Arizona House of Representatives, focusing on healthcare and public safety. His campaign emphasised lowering healthcare costs and protecting voting rights for all citizens.
What the midterms elections mean for US-China ties
A recent victory for Democrats in the US midterm elections may reshape relationships with China in several ways. Control of Congress allows them to limit President Donald Trump's tariffs on Chinese products, which may influence ongoing trade negotiations. Taiwan could become a critical issue, especially if Democrats push for arms sales to support the island. Beijing might perceive Trump’s weakened political status as an opportunity to apply pressure on him.
Alcohol stocks jump as blue wave boosts industry prospects
As the midterm elections unfold, investors are directing their focus to the alcohol sector, anticipating positive impacts on companies such as Constellation Brands due to shifting immigration policies. Optimism surrounding decreasing trade tensions with Canada also seems to uplift brands like Brown-Forman. However, the looming tariffs have caused a sharp decline in US spirits exports, and overall alcohol consumption in the country is still at historical lows, despite minor upticks.
US Midterm Elections 2026: Georgia Sen. Jon Ossoff wins reelection, defeating Rep. Mike Collins to hold a key Democratic seat
Jon Ossoff successfully secured a second Senate term by defeating Mike Collins in Georgia's recent election. Ossoff campaigned vigorously against Trump's influence and his policies during the election cycle. The senator raised substantial funds, surpassing $100 million, in support of his campaign efforts. His aggressive criticism of Collins highlighted issues of racism and extremism. Ossoff’s victory signals a continuing Democratic presence in a state that has trended increasingly blue.
US Midterm Elections 2026: Indian origin Suhas Subramanyam re-elected as US Congressman from Virginia
Indian-American Democrat Suhas Subramanyam has been re-elected to the US House of Representatives from Virginia’s 10th congressional district, defeating Republican Dave Beckwith. Subramanyam secured over 61.5% of the vote, while Beckwith received 36.4%.
In 2026, Utah began recycling 35 miles of US 50 in place instead of hauling away the old road; the method reuses 90% of the material and is expected to save $5 million
In Utah, a groundbreaking road restoration initiative is underway on US Route 50, employing cold in-place recycling. This innovative method conserves 90% of existing materials, yielding estimated savings of $5 million. Additionally, it notably cuts down greenhouse gas emissions and energy use. While more suited for low-traffic routes, UDOT's future plans for I-70 reflect a commitment to eco-friendly road management.
US Midterm elections 2026: The Indian American vote may be small, but the political weight isn’t
As we approach the 2026 midterm elections, the influence of Indian Americans on electoral decisions could be significant. A striking 66 per cent favour Democratic candidates, while just 19 per cent support Republicans. Their economic presence is marked, contributing 6 per cent of total US income tax revenues, although they constitute only 1.5 per cent of the populace.
Voters fear the America they've known is slipping away. On that, the left and right agree
US Midterms latest: Many voters turned out for the midterm elections, driven by a heightened awareness of political issues. Individuals from various backgrounds shared their concerns regarding the direction of the country. While some were motivated to support Democrats, others maintained loyalty to Republicans. This election illustrates the stark divisions among voters, many of whom were voting for the first time. The outcome could shape the political landscape significantly in the coming years.
India-origin couple in US, Lata Krishnan and Ajay Shah, are giving millions in college scholarships to disadvantaged students after earning millions in Silicon Valley
Lata Krishnan and Ajay Shah co-founded Smart Modular Technologies and focus on educational initiatives for disadvantaged students. They provide $10,000 scholarships annually to support students pursuing college degrees. Their efforts also include supporting advanced education and the Accion Opportunity Fund for economic mobility. Additionally, they have made significant contributions to the American India Foundation's Fellowship program. The couple actively participates in various educational and financial empowerment initiatives for marginalized communities.
Democratic wins would shift Congress' trade debate but fall short of US tariff rollbacks
If Democrats gain control of Congress, they will challenge many of Trump's tariffs through legislation and oversight. The party aims to repeal tariffs impacting communities on both sides of the Canadian border. However, Trump's veto power will hinder their efforts to pass significant reforms. Executive actions on trade may become more prominent under the Trump administration's agenda. Overall, the evolving dynamics in Congress will shape future trade discussions and policies.
Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
Sam Walton’s landlord took away his best store and gave it to his son. So he moved to a tiny town called Bentonville
Sam Walton's Newport store had increased sales from $80,000 to $225,000 in three years. But his landlord refused to renew the lease, giving the property to his son instead. Walton moved to Bentonville in 1950 and bought another variety store. The town had just 3,000 residents. He later expanded into nearby communities, opening Walmart's first discount store in Rogers, Arkansas, in 1962.
Tom Brady’s reported romance with Victoria’s Secret model Candice Swanepoel: career, net worth and personal life
Tom Brady is reportedly in a new relationship with model Candice Swanepoel following his retirement from the NFL. Reports indicate that this romance may have created tension between Swanepoel and fellow model Joan Smalls. Brady, who had a highly publicised marriage with Gisele Bündchen, continues to navigate his personal life post-divorce. Despite the speculation, neither Brady nor Swanepoel has confirmed their relationship publicly.
In 1882, a pipeline helped silver boomtown Candelaria, Nevada, grow to about 1,000 people; after the 1893 financial panic, it declined, and its post office closed in 1939
Candelaria emerged as a bustling boomtown in 19th-century Nevada, only to face dire water shortages. Although a dependable water pipeline was constructed in 1882, the town experienced significant decline following the economic downturn in 1893. This echoes the modern-day struggles of resource-dependent communities grappling with severe freshwater limitations, urging a reconsideration of sustainability strategies to prevent the vulnerabilities seen in Candelaria.
Buffett on gold: It does not lose because the pessimists are wrong. It loses for a reason almost nobody mentions
The number of shares Berkshire Hathaway held in American Express did not change for eight years. Yet, its ownership of the company rose from 12.6% to 17.9%, purely because American Express kept buying back its own shares. Fewer shares existed, so the same number of shares owned more of the company. Buffett draws the general rule from it in one short line: When earnings increase and shares outstanding decrease, owners over time usually do well.
In 2015, two sisters co-founded Dudley Stephens; one worked with Gucci, Calvin Klein, other managed American Express VIP experiences; how their brand crossed $45 million in sales
The sisters began by creating samples and designing their first product, the Cobble Hill turtleneck. Starting small meant the company sometimes sold through its inventory quickly, leaving customers disappointed when products became unavailable. In the early days, they handled much of the work themselves, including customer service, product tagging and coordinating embroidery and manufacturing.
Jim Koch invested $100,000 to start Boston Beer Company in 1984. Then by 2023, his estimated net worth reached $1.6 billion
Jim Koch left management consulting to launch Boston Beer Company with $100,000 of his own money and another $140,000 from supporters. The founder behind Samuel Adams built a multibillion-dollar business, with Forbes estimating his net worth at $1.6 billion in 2023. His investing philosophy focuses on building wealth and protecting it through diversification.
Warren Buffett's Berkshire earns more than 40% from just these 3 stocks; do you have in your portfolio?
Warren Buffett’s biggest dividend lesson lies in three stocks Berkshire Hathaway has held for decades. Coca-Cola, American Express and Moody’s now generate annual dividends equal to 65%, 45% and 41% of Berkshire’s original purchase costs.
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