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Oil Search (OTCMKTS:OISHY) Stock Price Down 3.7% – Here’s What HappenedThe bypoll results across 48 assembly and 2 Lok Sabha seats from 14 states highlighted significant political shifts. Congress saw a resurgence with Priyanka Gandhi's record lead in Wayanad, while BJP dominated in Uttar Pradesh, Bihar, and Rajasthan. TMC swept West Bengal, and Congress triumphed in Karnataka and Kerala. Mixed results in other states showcased a dynamic political landscape. Log In/Connect with: Fill in your details: Will be displayed Will not be displayed Will be displayed Share this Comment:"This historic investment is a monumental demonstration of confidence in America's future," Trump said during a press conference at his Mar-a-Lago residence in Florida, flanked by SoftBank chief executive Masayoshi Son. "It will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA," added Trump, who takes office from US President Joe Biden next month. Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy. "I am truly excited to make this happen," added Son, 67. Son's announcement is around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as president. The Japanese investment holding company ultimately parted with around $100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates. "President Trump is a double-down president," Son said on Monday, adding: "I'm going to have to double down." Son made his name with successful early investments in Chinese e-commerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork. He has repeatedly said that "artificial superintelligence" will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest. The SoftBank Group posted a bumper second-quarter net profit last month, returning to the black after net losses in the first quarter and the previous financial year. The company indicated back in March that it had $26 billion ready to be deployed for new investments. Stephen Moore, an economic advisor to Donald Trump, said the announcement marked a "great day." "The importation of capital into the US is a huge leading indicator for jobs and prosperity to come," Moore, an economist at the conservative Heritage Foundation, told AFP in a message. On the campaign trail, Trump pledged to boost the US economy by cutting red tape and fast-tracking investments, including into the oil and gas sector. US financial markets surged following his victory on November 5, with the tech-rich Nasdaq Composite index and the broad-based S&P 500 both hitting fresh records. Despite the enthusiasm in the markets, some analysts have voiced concern that Trump's proposals to implement new tariffs on US imports and deport millions of undocumented workers could end up hurting growth, and causing a spike in inflation. "The increased likelihood of substantial new tariffs on US imports would have the most consequential effect on economic growth," economists at Wells Fargo wrote in a recent note to clients, adding they had "bumped up" their inflation outlook and slightly cut their GDP forecast following Trump's win. Other analysts say the impact of Trump's tariff plans will largely depend on how they are actually implemented. "The impact on inflation need not be particularly significant for monetary policy," economists at Goldman Sachs wrote in a recent investor note. But, they added "this could change if the White House imposes a 10 percent universal tariff," referring to one of Trump's proposals on the campaign trail. Speaking in Mar-a-Lago on Monday, Trump insisted that, "properly used," tariffs would be positive for the US economy. "Our country right now loses to everybody," he said. "Almost nobody do we have a surplus with." "Tariffs will make our country rich," he added. da-tu/nro
One thing nearly all former presidents have in common is a love of sports. For Donald Trump, the game was golf. For Barack Obama, the sport was basketball. President George W. Bush owned Major League Baseball’s Texas Rangers. For Jimmy Carter, the sport was tennis. At the Jimmy Carter National Historical Park is a clay tennis court. The tennis court was installed during Carter’s childhood on the family farm. The farm and his childhood home later became the location for the park in Plains, Georgia. In his 1975 book “Why Not the Best?” Carter described how he would play against his father as a teenager. “My father ... was an excellent tennis player,” Carter wrote. “I could never beat my father. He had a wicked sliced ball which barely bounded at all on the relatively soft dirt court.” RELATED STORY | Former President Jimmy Carter dies at age 100 Carter was able to upgrade his court when he entered the White House in 1977. The complex had a court installed during President Theodore Roosevelt’s tenure. But during his time in the White House, the use of the tennis courts became political fodder. Staffer James Fallows wrote in The Atlantic that Carter would personally sign off on when the White House tennis court could be used, and by which staffers. “The in-house tennis enthusiasts, of whom I was perhaps the most shameless, dispatched brief notes through his secretary asking to use the court on Tuesday afternoons while he was at a congressional briefing, or a Saturday morning, while he was away,” Fallows wrote. “I always provided spaces where he could check Yes or No; Carter would make his decision and send the note back, initialed J.” Carter was asked by Bill Moyers about whether he personally signed off on the tennis court’s use. Carter told Moyers he delegated the task to a secretary. Carter’s love of tennis came home to Plains in 1977 during his first year in the White House. World Team Tennis staged a match in the small Georgia town, which was attended by Carter’s mother Lillian. The competition was between a team of Soviet Union stars against top Americans playing on the Phoenix Racquets.