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IT stocks surge despite US immigration curbs

On Friday, Indian IT stocks experienced an impressive surge, spearheaded by a remarkable 4.2% jump in Tata Consultancy Services shares.

  • Nifty IT index rises 3% despite US immigration curbs
  • TCS shares up 4.2% as positive factor for IT stocks
  • OpenAI's lower revenue run rate eases AI concerns

California in-migration and out-migration

Long-run U.S. population movements have been driven more by natural amenities than by jobs, and California, rich in both uniform and complementary climates, should be a persistent net gainer of…

  • California's population has historically been influenced by natural amenities over employment.
  • High earners pay more in taxes than value of services received, leading to out-migration.

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