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Blocking Gamestop trades Robinhood faces class action lawsuit

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Stock Market Class Warfare Leads To Class Action Suit | Diya TV News

WASHINGTON (Diya TV) — Lawmakers on both sides of the aisle are calling out stock market trading app Robinhood, among others after restrictions kept customers from buying certain stocks like Gamestop and AMC Theaters. Shares in those companies both surged after retail investors organized online. Democratic Congressman Ro Khanna called for more regulation and equality in financial markets in response to Robinhood’s decision. And Republican Senator Ted Cruz put out a tweet saying let the people trade. After markets closed, Robinhood released a statement saying they would once again allow limited buys of these stocks, but only after a class action lawsuit from shareholders was announced.

Surgeon General Vivek Murthy now says the U.S. is trying to stay ahead of the mutating coronavirus which has produced a number of potentially more infectious variants of Covid-19. The Indian American doctor says that people need to double down on masking up and avoiding indoor gatherings. He also called for an emphasis on more testing and contact tracing methods.

India’s farmers continue to protest saying the government’s new agricultural laws will hurt their livelihoods and profits. But the International Monetary Funds top economist says,  it will actually increase their incomes. Gita Gopinath came out with this bold assessment this week, but also says there needs to be a social safety net for farmers and more reforms are needed, including better infrastructure. However farm leaders say they will not settle for anything less than a complete repeal of the laws.

Ravi Kapur contributed to this report.

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Puneet Talwar named US Ambassador to Morocco

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WASHINGTON D.C. (Diya TV) – The US State Department announced that diplomat Puneet Talwar is its new ambassador to Morocco. President Biden proposed Talwar as the new nominee last March. The new ambassador to Morocco has a rich portfolio in diplomacy. The diplomat is currently a senior adviser to the State Department.

Six men have been arrested for the gang rape and murder of two girls. Police say one of them is a neighbor and the remaining five are Muslims from a nearby village – although it’s not believed to be a religious crime.

As Pakistan continues to deal with historic flooding a new report published in Vice says the country collected $40 million for a mega dam on the Indus river, but spent $63 million on advertising it. The crowdsourced campaign was  launched by a Supreme Court judge and endorsed by former Prime Minister Imran Khan. It’s now at the center of a massive controversy. 

Ravi Kapur contributed to this report.

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Indian & Hindu American groups hold DC summit

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WASHINGTON DC (Diya TV) – A group of Indian American and Hindu American organizations joined forces to celebrate India’s 75th Independence Day and advocate for the diaspora on Capitol Hill, in what is being called an inaugural summit for political engagement. The American Association of Physicians of Indian Origin, the Hindu American Foundation, the Coalition of Hindus of North America and Americans4Hindus, were among the more than one dozen organizations, hosting legislators from both sides of the aisle in a non-partisan effort to discuss issues of concern in the community. 
 
Indian American economist Aaron “Ronnie” Chatterji has been named White House Coordinator for the implementation of the CHIPS and Science Act’s historic $50 billion investment in the semiconductor industry at the National Economic Council. 
 
Fans of Indian comedian and actor Raju Srivastava are mourning his death. He passed away at the age of 58 after suffering a heart attack last month while running on a treadmill. He had a history of heart problems. 
 
Ravi Kapur contributed to this report.
 
 

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Sukhpal Singh arrested in Tusli Mandir hate crime case

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NEW YORK (Diya TV) – New York police arrested a man for allegedly sledgehammering a statue of Gandhi outside a Queens Hindu Shri Tusli Mandir. Twenty seven year old Sukhpal Singh is charged with criminal mischief and a hate crime for allegedly destroying the statue and defacing it with spray paint outside Tulsi Mandir in Richmond Hill last month. 

India and France agreed to set up an Indo-Pacific partnership to roll out development projects, expand strategic cooperation, and work closer to deal with pressing global challenges such as a food crisis triggered by the Ukraine invasion. 

More than a million customers in Puerto Rico are waiting for electricity to come back on after Hurricane Fiona hammers the region. The Dominican Republic is under a hurricane warning as well. 

Ravi Kapur contributed to this report.

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