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What Amazon CEO Andy Jassy said on the ‘spending plan’ that wiped more than $250 billion from Amazon’s stock in one day

Amazon stock witnessed a plunge of 11% in extended trading on February 5, erasing more than $250 billion in market value after the company introduced a $200 billion capital expenditure plan for 2026. According to a report by CNBC, this was the highest plunge among the megacap tech firms, far exceeded Wall Street expectations by…

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16th Finance Commission retains 41% tax share for states; pushes output-linked spending and fiscal discipline

Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission has recommended retaining states’ share in the divisible pool of central taxes at 41 per cent, while pitching for outcome-based spending, greater transparency in tax devolution data and stronger fiscal discipline at the state level. The panel said there is…

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Budget 2026: Why defence spending is back in sharp focus—and how experts want the money spent

AI image (Picture credit: Google Gemini) As Union finance minister Nirmala Sitharaman prepares to present the Union Budget for 2026–27 on February 1, defence expenditure has once again moved to the centre of policy discussions. Although it is always a matter of interest to the experts about how one of the world’s largest economies spends…

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Democrats, White House close in on spending deal — will US government avert a shutdown?

Democrats and the White House are close to a spending deal that could prevent a partial US government shutdown, as talks continue over limits on President Donald Trump’s immigration enforcement push.The discussions come after two protesters were killed by federal agents in Minneapolis, increasing pressure on both sides to act. Democrats blocked a bill on…

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Elon Musk has been spending his Saturdays working on … and wants everyone to know

Elon Musk revealed his intense focus on Tesla’s AI chip development, dedicating weekends to the AI5 project promising a 50x performance boost. He stressed that securing long-term chip access is crucial for the company’s future, especially for robotaxis and Optimus robots. While a Tesla-owned chip factory remains a distant possibility, Musk is pushing for increased…

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Budget 2026: What five years of data shows about India’s defence spending

As finance minister Nirmala Sitharaman prepares to present the Union Budget 2026 on February 1, defence spending is expected to remain a key focus amid rising geopolitical uncertainty and sustained emphasis on military modernisation. Defence outlay shows steady rise Over the last five years, India’s defence expenditure has followed a clear upward trajectory. Spending rose…

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Consumer spending impact: US economy clocks 4.4% growth in Q3; fastest pace in two years

Strong consumer spending lifted the US economy to its fastest growth rate in two years in the July–September quarter, even as job creation remained subdued and concerns over the cost of living persisted.America’s gross domestic product expanded at an annual rate of 4.4% in the third quarter, a slight upward revision from the earlier estimate…

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