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Tag: falls

Israel election: Netanyahu falls short of majority amid vote count

Israel election: Netanyahu falls short of majority amid vote count

World
ReutersIsraeli PM Benjamin Netanyahu could struggle to secure enough seats in parliament to stay in power, incomplete results from Tuesday's election show.With about 90% of votes counted, his right-wing bloc is course to win 59 seats - two short of the threshold.In a surprise development, an Arab party which is projected to win five seats could hold the balance of power.The final outcome will among other things determine the course of Israel's relations with the Palestinians.The Arab party, Raam, has not declared whether it will support the efforts of Mr Netanyahu - an unnatural ally - to form a government or those of the bloc opposed to him remaining in office.Those parties have garnered 56 seats, according to the latest tally, and although backing from Raam could give them a sufficient n...
Trump impeachment: Senate falls short of majority needed to convict

Trump impeachment: Senate falls short of majority needed to convict

World
The US Senate has fallen short of the two-thirds majority needed to convict former President Donald Trump on a charge of incitement to insurrection over the Capitol riot on 6 January.A majority of senators - 57 to 43, including seven Republicans - voted to convict Mr Trump, 10 votes short of the 67 required for conviction. After his acquittal, Mr Trump released a statement denouncing the trial as "the greatest witch hunt in history". This was Mr Trump's second impeachment. What verdict means for Trump, Biden and AmericaDid Trump's words at rally incite violence?'They thought they were going to die'If he had been convicted, the Senate could have voted to bar him from running for office ever again. After the vote, the senior Republican in Congress, Senator Mitch McConnell said Mr Trump was "...
Consumer spending in U.S. falls by $28 billion in December

Consumer spending in U.S. falls by $28 billion in December

Business
Jan. 29 (UPI) -- U.S. consumer spending in December decreased for the second straight month, but at a smaller rate than the previous month, the Commerce Department said in its monthly report Friday. Personal consumption expenditures fell by $ 28 billion, the report said, a decline of 0.2%. The decline for November was 0.7%. Advertisement The department said personal income for December increased by $ 116.6 billion while disposable income rose $ 111.6 billion. Real personal expenditures, meanwhile, decreased by almost $ 80 billion. Spending on recreational goods and vehicles lost the most ground, along with food services and accommodations. Higher spending was found in motor vehicles and healthcare. "The December estimate for personal income and outlays were impacted by the response to the...

Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours

Finance
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China's coronavirus disease (COVID-19) outbreak, March 30, 2020.Aly Song | ReutersShares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of Tesla joining the S&P 500. The stock will be added to the benchmark index ahead of Monday's opening bell, based on prices from Friday's close.Amid the heightened volume, Tesla shares rose 5.96% on Friday to close at a record high of $ 695 after swinging between gains and losses during the final hour of trading. During after hours trading the stock slid about 3%.Heightened activity continued after hours, and by 4:45 p.m. ET more than 200 million shares had exchang...
Sensex falls 477 points from day’s high on profit booking, ends 25 points lower; all eyes on RBI policy outcome

Sensex falls 477 points from day’s high on profit booking, ends 25 points lower; all eyes on RBI policy outcome

Finance
Mumbai: Benchmark equity indices shrugged off strong cues from global peers and wiped off early gains to settle on a flat note on Wednesday, as caution ahead of the RBI policy outcome triggered profit-taking in index heavyweights. The continued rapid surge in coronavirus infections also bothered investors. For the seventh day in a row India registered more than 50,000 new Covid-19 cases, taking the total tally past the 19-lakh mark. “There were only a few stocks participating in the rally in recent times, and those stocks – index heavyweights corrected, dragging the market. It is a fragile market as far as depth of momentum is concerned,” said Deven Choksey, group managing director, KR Choksey Investment Managers. “The RBI MPC is unlikely to cut rates at this time; we will see the status q...