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BusinessPhoto: HT Business

‘Buy, Borrow and Die’ Strategy Creates $5.4 Trillion Lending Market

The 'Buy, Borrow and Die' wealth strategy, where the rich take loans against their stock holdings instead of selling them, has grown into a $5.4 trillion market. A Deloitte survey of 57 major private banks reveals this securities-based lending, including Lombard loans in Europe and Asia, is expanding to wealthier individuals lower on the scale. Banks profit from fees with minimal collateral losses, reflecting rising asset prices globally.

HT Business·

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PoliticsPhoto: HT World

25% of South Asian Trump Voters to Support Democrats in 2024 Midterms

A survey by Indian American Impact found that 25% of South Asian Americans who voted for Donald Trump in the 2024 presidential election plan to support Democratic candidates in the November 3 midterm elections. Key issues for voters include cost of living (65%), healthcare (53%), jobs and wages (33%), and education (28%). Among 800 surveyed, 87% were Indian-Americans, with others from various South Asian communities.

HT World·

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PoliticsPhoto: Amar Entertainment

Neil Young Sues Trump PAC for Unauthorized Song Use

Musician Neil Young has filed a lawsuit against US President Donald Trump's political action committee, alleging unauthorized use of his song. Young claims that Trump's team used his music without permission, leading to legal action. The case highlights issues of copyright and political campaign practices involving artists' work.

Amar Entertainment·

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HealthPhoto: HT Health

Nephrologist Explains Common Cause of Frothy Urine

A nephrologist from SS Narayana Health Superspeciality Center in Davanagere explains that frothy urine, often a cause of worry, can sometimes be due to simple causes like toilet detergent residue rather than serious kidney disease. While persistent frothy urine may indicate protein leakage and kidney issues, not all cases signal kidney failure. Proper medical evaluation is advised to avoid unnecessary panic.

HT Health··Davanagere

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BusinessPhoto: Mint Companies

Microsoft Offers Voluntary Exit to 60,000 Employees in Four Countries

Microsoft has offered a voluntary exit option to approximately 60,000 employees, about 27% of its workforce, across India, the US, UK, and Canada. Eligible employees can leave with financial support as the company increases investments in AI and restructures its workforce to adapt to new technologies.

Mint Companies·

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PoliticsPhoto: Economic Times

PM Modi to Inaugurate Pune Metro Line 3 on November 3

Prime Minister Narendra Modi will virtually inaugurate Pune Metro Line 3 on November 3. The 23.3-km Hinjewadi-Shivajinagar corridor includes 17 stations set to open for passengers. While 17 stations have received safety clearance, four stations are still awaiting approval. The launch aims to ease traffic congestion for IT employees in Pune after multiple delays.

Economic Times··Pune

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