ESTIMATE
Aswath Damodaran trims his Anthropic IPO valuation to $1.45 trillion; Dean of valuation explains why
Valuation expert Aswath Damodaran has lowered Anthropic's estimated worth to $1.45 trillion, citing concerns over governance, regulatory hurdles, infrastructure costs and profitability. He also outlined four investment strategies to manage uncertainty surrounding the AI company's potential IPO.
Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt
The company is responding by spending more to recruit and retain drivers, a cost that will be watched closely because it comes as the company also funds a major push into autonomous vehicles and a string of acquisitions.
AMD forecasts quarterly revenue above estimates as data-center growth accelerates
The company, which nearly doubled its data-center revenue in the third quarter, is benefiting as a shift in AI workloads toward running models in real-world applications drives demand for its graphics processing units and central processors. This has enabled AMD to capture market share from rival Intel, which last week forecast quarterly revenue well below estimates and triggered a global selloff in chip stocks.
Titan Company Q2 results preview: Profit may rise up to 27% YoY; jewellery growth, margins in focus
Titan Company is set to release its financial results for the quarter ending September 30, 2026. Brokerage forecasts suggest revenue growth could range from 18.8% to 27% compared to the previous year. Additionally, a substantial year-on-year profit increase of around 27% is anticipated. Key focal points will include jewellery performance, margins, and the growth trajectory of CaratLane, with brokerages recommending a buy on Titan shares due to potential upside.
AMD forecasts fourth-quarter revenue above estimates on strong AI chip demand
Advanced Micro Devices estimates its fourth-quarter revenue will hit about $17 billion, driven primarily by robust demand for AI chips. Although the company's forecast for adjusted gross margin stands at 55%, it falls slightly short of analyst expectations. A remarkable 97% year-on-year increase in data-centre revenue showcases AMD's growth. However, the company currently faces challenges in sourcing high-bandwidth memory, essential for its AI processors.
CleanMax beats Q2 EBITDA estimates, reports strong H1 growth
CleanMax has surpassed analyst estimates for the third consecutive quarter, driven by portfolio expansion and strong business performance. The company reported a 58% rise in H1 EBITDA and a six-fold increase in profit after tax (PAT), highlighting its robust growth momentum and improving financial performance.
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Social Security benefits warning: Will retirees lose $500 a month when the retirement trust fund runs out in 2032? What the latest forecast means for your monthly checks
The Social Security retirement fund is projected to exhaust its reserves by the end of 2032 without any legislative intervention. If changes are not made, monthly benefits for retirees might face substantial reductions, estimated between 22% and 26%. This impending decline is attributed to demographic shifts like an increasing elderly population and dwindling birth rates. Lawmakers have a limited timeframe to tackle these pressing issues before retirees experience significant cuts.
Fiscal deficit likely to exceed FY27 target by up to Rs 1.2 lakh crore
India's fiscal deficit for the year 2026-27 is projected to exceed the budgeted target by a significant amount. The anticipated deficit may reach ₹1.2 lakh crore, influenced by various subsidy pressures. Both CareEdge Ratings and SBI Research provided estimates on the fiscal deficit, highlighting potential shortfalls in tax revenue. Proposed measures include utilizing the Economic Stabilisation Fund and implementing expenditure cuts to manage the deficit.
Michael Jackson vs Elvis Presley: Which estate earned more after their deaths?
Michael Jackson’s business interests generated an estimated $140 million in the latest annual earnings ranking, well ahead of Elvis Presley’s $75 million. The success of Jackson’s billion-dollar biopic helped boost his earnings, while Presley continues to make money through Graceland, music and licensing.
DuPont raises annual profit forecasts on strong healthcare, aerospace demand
DuPont has raised its full-year profit forecasts and projected fourth-quarter earnings exceed analyst estimates. The company experienced strong demand in healthcare, aerospace, and industrial water markets during the third quarter. DuPont's healthcare and water technologies segment reported nearly 4% growth year-over-year, reaching $865 million in net sales. Additionally, the company recently concluded a $250 million share repurchase program and plans to buy back an additional $250 million of shares.
US Treasury projects $618 billion borrowing in Q4, $800 billion in Q1 2027
The US Treasury is estimating federal borrowing will hit $618 billion in the last quarter of 2026, which is $10 billion less than previously thought. Despite anticipating lower cash flows, the Treasury projects borrowing of $800 billion in early 2027 as well. Market watchers are eager for upcoming announcements regarding Treasury auctions, as these might indicate changes in their bond issuance tactics.
LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates show
SBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, far below the Rs 1.3 lakh crore collected in FY25. Weaker stock market returns and sustained foreign investor outflows have significantly reduced expected collections, suggesting the move may not derail the government's fiscal consolidation plans.
Apple Q4 results beat estimates as iPhone 18 Pro demand, price hikes offset rising chip costs
Apple reported better-than-expected Q4 revenue of $114.48 billion and earnings of $2.10 per share, driven by strong iPhone 18 Pro demand and Mac sales. Higher product prices helped offset rising memory-chip costs. The company is also expanding its AI offerings, while addressing supply constraints affecting its first foldable iPhone.
SBI Q2 Results Preview: PAT may rise up to 25% YoY; NII, margins, deposit growth in focus
State Bank of India will announce Q2FY27 results on November 3, with brokerages forecasting 11-13% NII growth and up to 25.2% profit growth. Investors will track margins, loan growth, deposits, credit costs and asset quality.
Aishwarya Rai Bachchan net worth: As former Miss World turns 53, what we know about her international endorsements and luxury properties
Aishwarya Rai Bachchan celebrates her 53rd birthday on November 1, with her estimated fortune drawing attention alongside husband Abhishek Bachchan's reported wealth. While Celebrity Net Worth places her net worth at USD 100 million, media estimates also point to the couple's international brand partnerships, business interests and reported property investments in Dubai and Mumbai.
New Zealand Parent Resident Visa applicants receive estimated selection dates under the queue system
New Zealand has released a new system that allows applicants to monitor their position in the Parent Resident Visa queue. The Immigration New Zealand agency is employing a mixed selection method, which includes both queue selection and ballot draws. Estimated dates for selections are provided, though they can change quarterly.
8th Pay Commission pension calculator: How Rs 25,000 to Rs 75,000 basic pensions can change at 2.0, 2.25 and 2.57 fitment factors
8th Pay Commission news: The central government has many more pensioners than employees. Union Minister Ashwini Vaishnaw announced DA and DR hikes that will benefit both employees and pensioners. The 8th Pay Commission will consider various recommendations regarding pension adjustments. Estimates show potential pension increases based on fitment factors of 2.0, 2.25, and 2.57. However, the final decision will be made once the Commission releases its report.
Fiscal deficit in H1 rises to 42.1% of FY27 target on higher capex, subsidies
By September 2026, the Centre's fiscal deficit had escalated to ₹7.14 lakh crore, exceeding last year's figures. This increase is fueled by a 10.7% rise in total expenditure, largely a result of heightened capital spending and food subsidies, while petroleum subsidies sharply declined. Gross tax revenue, however, saw a modest growth of 6.1%, even with lower excise duty collections attributed to tax reforms.
India's fiscal deficit for April-September at Rs 7.14 lakh crore, widens to 42.1% of FY27 aim
India's fiscal deficit for the first six months of the fiscal year reached Rs 7.14 lakh crore. Total receipts during this period equaled Rs 18.35 lakh crore, which is 50.3% of the budget estimate. Revenue receipts accounted for Rs 17.57 lakh crore, with net tax revenue being Rs 12.76 lakh crore. Non-tax revenue was reported at Rs 4.81 lakh crore, which is lower than last year.
Tech firms take fresh hit as earnings misses fan AI fears
Tech firms were again on the back foot Friday after another round of disappointing earnings from Wall Street titans fanned already deep concerns about the AI investment boom. "The concern isn't that AI demand has already slowed.
Amazon projects fourth quarter sales below estimates
It expects revenue of between $240.0 billion and $247.0 billion in the fourth quarter, compared with analysts' average estimate of $244.51 billion, according to data compiled by LSEG.
Finmin pegs Q2 expansion at 7.35%,flags capital pressure over US yield
India’s economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial output, GST collections, energy use, port traffic and auto sales, the finance ministry said. It expects domestic demand and investment to sustain momentum, while warning that high crude prices, food inflation, rupee pressure and elevated US bond yields could pose risks in the second half.
Google stock falls over 10% after Alphabet misses Q3 revenue estimates: Why analyst sees buying opportunity
Google stock fell more than 10% in after-hours trading after Alphabet missed third-quarter earnings and revenue estimates. Despite weaker advertising results and rising AI spending, CFRA analyst Angelo Zino sees the pullback as a potential buying opportunity over the next 12 months, with Google Cloud growth and profit margins in focus.
Jim Koch invested $100,000 to start Boston Beer Company in 1984. Then by 2023, his estimated net worth reached $1.6 billion
Jim Koch left management consulting to launch Boston Beer Company with $100,000 of his own money and another $140,000 from supporters. The founder behind Samuel Adams built a multibillion-dollar business, with Forbes estimating his net worth at $1.6 billion in 2023. His investing philosophy focuses on building wealth and protecting it through diversification.
Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%
The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.
IIT Kharagpur and Absolute launch Smart Scout AI project for soybean farming
Absolute and IIT Kharagpur are developing an early warning system for soybean farmers to minimize crop losses. The Smart Scout project aims to detect lodging risks, assess damage, and estimate yields using artificial intelligence. This initiative is part of the Quad-backed AI-ENGAGE program focusing on agricultural innovations. Pilot trials will be conducted across major soybean-growing states in India over the next three years.
Qatar presents Iran with new draft deal to end war with US and Israel, Tehran to respond this week
Qatar and Pakistan are leading efforts to mediate a peace deal between Iran and the US. A new draft has been proposed, which addresses concerns of both Tehran and Washington. Iran is expected to respond to this draft by the end of the week. The deal proposes a seven-day timeline for confidence-building measures between the two nations.
US costs of Iran war rise to over $47 billion, according to Pentagon estimate
The US military's expenditures for the Iran war have surpassed $47 billion as of now and continue to rise. This amount is significantly higher than prior estimates made by the Defense Department, which were previously projected at $37.5 billion. The rising costs of the war have led to declining support for Republican candidates ahead of the upcoming elections.
SoFi stock price jumps over 10 per cent after SoFi Technologies Inc Q3 earnings report beats Wall Street estimates, check revenue forecast
SoFi earnings: SoFi Technologies Inc's adjusted net revenue surged 44 per cent to a record $1.4 billion in the third quarter, beating expectations of $1.25 billion, according to LSEG estimates.
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