US equities trade lower as travel stocks lead losses

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New York, Jan 25 | US stocks traded lower on Friday as travel stocks led the losses.

At midday, the Dow Jones Industrial Average declined 133.94 points, or 0.46 per cent, to 29,026.15. The S&P 500 was down 22.44 points, or 0.67 per cent, to 3,303.10. The Nasdaq Composite Index decreased 55.22 points, or 0.59 per cent, to 9,347.26.

Norwegian Cruise Line Holdings and Wynn Resorts declined 4.59 per cent and 4.58 per cent, respectively. American Airlines and United Airlines both fell more than 4 per cent in the morning session.

On the earnings front, American Express reported fourth-quarter results on Friday before the opening bell, which beat analyst expectations as card fee revenues grew more than expected.

It registered quarterly earnings per share of $2.03. Its consolidated total revenues net of interest expense were $11.4 billion, up 9 per cent year on year.

Intel beat estimates for the fourth quarter and gave an optimistic forecast for the first quarter of 2020. The company reported non-GAAP earnings per share of $1.52 on revenue of $20.2 billion.

Source: IANS

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Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Drummi Bhatt has successfully donned many hats including that of a global strategy professional, mentor, and investor to early-stage startups encouraging women entrepreneurship, and a philanthropist.

Drummi currently leads Market Intelligence and Strategy team at Mitsubishi Power, USA building corporate-level strategies for global markets. Drummi is also the founder of KarmaKonnect, a Woman and Rural Empowerment Non-Profit Organisation which works for projects in remote rural, tribal, and conflict areas.

Her philanthropy work has taken her to various corners of India, including, far end corners of Leh, Ladakh, Telangana, and remote areas of Chambal. During these visits, she got mesmerized by culturally rich, vernacular, and diverse, the true “Bharat”.

During her interaction across the country, she got enchanted by the whirlwind of talent residing across Bharat, which is not restricted to a language, city, or just tier-1 cities but is found in abundance all across tier-2, tier-3 cities, and rural-tribal clusters.

With OTT platforms ruling the world in 2020, Drummi decided to bring her strategic insights and data analytics strength to this field by joining hands with seasoned entrepreneurs, Rahul Narvekar and Narendra Firodia, to launch its kind, vernacular OTT platform, Letsflix.

In 2019, Drummi, Rahul, and Narendra have successfully launched India’s first vernacular infotainment app, LetsUp, which now caters to 1.5 million users and in 7 vernacular languages, a feat achieved by none. The trio has now been passionately working towards creating and delivering vernacular content for every viewer in India with Letsflix.

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