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- Global markets were already fragile. Big AI bets could break them
Investors flocked to bonds. Yields, which move inversely to price, fell from multidecade highs, with the benchmark 10-year Treasury, which ...
Binance’s $6.3 billion hack dwarfs Bybit's $ 1.5 billion breach: Is cryptocurrency theft getting bigger?Binance has recently reported a major security breach impacting approximately $6.3 billion in digital assets. After the hack, the exchange ...
A Rs. 48 crore profit on paper, a Rs. 231 crore loss in reality: How a debt ‘turnaround’ can be an accounting illusionA company struggling with losses suddenly reports a profit. Its financial position appears to improve, raising hopes of a turnaround. But w...
Indian stocks may recover on steady growth and earnings, Axis AMC saysIndian stocks are expected to recover in the financial year due to strong earnings and economic growth. The Nifty 50 index has decreased si...
Global Market: BOJ to accelerate ETF sales, cut holdings overhaul timeline to 43 yearsThe Bank of Japan will accelerate the sale of its exchange-traded fund holdings, targeting annual disposals of 860 billion yen ($5.45 billi...
Rupee rises 3 paise to close at 95.25 against US dollarThe Indian rupee appreciated by 3 paise to reach 95.25 against the US dollar. It started the day at 95.20 but hit an intra-day low of 95.38...
Gold buying on Dhanteras: Gold prices have fallen by 20% from their peak; is it right time to invest in yellow metal?Gold price: Gold prices have recently experienced significant volatility, opening doors for savvy investors. Experts advocate for a methodi...
8% instant discount vs 10% cashback vs 1,000 reward points: Are they all the same? Know exactly which one will save more money8% instant discount vs 10% cashback vs 1,000 reward points: Suppose you shop for Rs 10,000 online and are now getting a choice between an 8...
Rupee weakens for third session as importers step up dollar bids, foreign outflows biteThe Indian rupee declined for three consecutive trading sessions due to increased dollar buying by importers. Elevated oil prices and forei...
FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% ...
Global Market: South Korean shares fall over 1% as chip stocks retreatSouth Korean shares fell as investors booked profits in semiconductor stocks after a sharp rally. Attention shifted to the Bank of Korea’s ...
Women entrepreneurs can power Asia’s digital trade boomWomen entrepreneurs across Asia are increasingly turning to digital trade, enabling them to reach markets far beyond their local confines. ...
Jio IPO’s GMP rises to 22% as India’s largest ever issue set to open on October 21. Should you subscribe?The IPO is priced at Rs 1,065-1,119 per share and will open on October 21, closing on October 23. At the upper end of the price band, the g...
Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 croreJio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shar...
1960s superstar, who once lived in a chawl, left ‘unlucky’ bungalow he got for Rs 4.2 lakh decade ago. Today, it is valued at nearly Rs 450 croreOne random, impulsive real estate purchase years ago made Bollywood star Jeetendra one of the wealthiest men in the tinsel town. In an inte...
He wrote $464,000 in checks before his father's death; the IRS later challenged the giftsA Pennsylvania man's decision to write 11 checks worth $464,000 five days before his father's death led to an IRS estate tax dispute. A US ...
Why governments might secretly wish for an AI stumbleGovernments are increasingly concerned about the potential volatility linked to the AI investment boom. Recent sell-offs in AI-related stoc...
Why governments might secretly wish for an AI stumble: Mike DolanConcerns over AI-related investment instability are prompting a notable pivot towards government bonds among investors. Top asset managers ...
Global Market: Japan five-year bond yield steady after strong demand at auctionJapan’s five-year government bond yield held steady at 2.34% on Wednesday after strong demand at a Ministry of Finance auction. Solid bid-t...
Surging bond yields wreak havoc on Dalal Street, but IMF sees more pain ahead. Why AI is one of the culpritsThe IMF has flagged three risks to global financial stability: an AI-driven market correction, rising sovereign bond yields and cyberattack...