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Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
Lenskart block deal: SVF II Lightbulb sells 1.6% stake worth Rs 1,896 crore; Societe Generale, Goldman Sachs, BNP Paribas among buyers
SVF II Lightbulb (Cayman) Limited executed a block deal selling 2.72 crore shares of Lenskart Solutions valued at approximately Rs 1,896 crore. The sale represented around 1.56% of Lenskart's equity capital and was executed at Rs 697.15 per share. The deal comes after Lenskart reported strong financial results for Q2FY27, with significant year-on-year growth in net profit and revenue.
Goldman Sachs names 109 new global partners, 14 Indians make the cut; two promoted in Bengaluru
As of January 1, 2027, Goldman Sachs is set to elevate 109 employees globally to partner roles. Among these, there are 14 Indians across global offices, including two based in India, with Gowri Sekar making history as the first female partner from the Indian offices. This year's promotion intake marks the highest since 2010, highlighting the firm's focus on its significant Indian engineering workforce.
Oil Price Today (November 6): Crude oil nears $100 again as fresh attacks dent peace talk hopes. What are experts saying?
Crude oil price : Oil prices are making a comeback as fears of supply interruptions grow following recent tanker attacks. President Donald Trump has reiterated that Iran must obtain US consent for its nuclear activities. Concerns about potential supply challenges loom large, prompting Goldman Sachs to revise its Brent and WTI crude price projections upwards. Meanwhile, diplomatic negotiations involving Iran, Saudi Arabia, and Qatar progress amid regional volatility.
Gold price prediction: Will gold continue its surge on Dhanteras? Check outlook for November 6
In today’s session, Spot gold rose 0.4% to $4,103.55 per ounce, taking its weekly gains to 5.9%. US gold futures for December delivery were little changed at $4,112.80 per ounce, while spot silver gained 0.5% to $52.01 per ounce.
JPMorgan stock (JPM) slides as Democrats plan probe into Jeffrey Epstein ties: Could bank executives face Senate scrutiny?
JPMorgan stock (JPM) today: JPMorgan stock fell 4% on Thursday after a report said Senate Democrats are planning to investigate the bank’s past relationship with Jeffrey Epstein. The proposed probe could examine decisions made by senior executives, including wealth management chief Mary Erdoes, as other major bank stocks also declined.
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Apple seeks about $7 billion from bond sale, Bloomberg News reports
Apple is seeking about $7 billion from a US-dollar bond offering, Bloomberg News reported on Thursday, citing people familiar with the matter. The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion.
Apple seeks about $7 billion from bond sale: Bloomberg News
The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion. Apple did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
Why Goldman Sachs, JPMorgan, Uber are restricting AI access for employees
Goldman Sachs recently restricted most of its employees from using Anthropic’s Claude Code and Microsoft’s GitHub coding tools,Bloomberg reported, citing an October internal guidance. The American investment banking company had earlier allowed employees across departments to experiment with these tools to automate routine tasks, analyse trading activity, and create content.
Oil Price Today (November 5): Crude oil falls below $94 after 9% plunge on Wednesday after midterm results. More downside ahead?
Crude oil price : Crude oil prices have dropped significantly following the Democratic victory in the recent US midterm elections. This political shift has raised hopes for a possible negotiated settlement of the conflict in Iran. Goldman Sachs predicts potential price increases for oil if production issues persist in the Gulf region. Analysts face uncertainty in forecasting the future of the ongoing war and its impact on oil prices.
Apple cuts employee AI budgets in cost-control push
Apple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI across its operations, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Goldman, Apollo seek buyers for $40 billion SpaceX AI chip deal
Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX's AI chips, Bloomberg News reported on Wednesday.
Why are companies restricting AI access to employees
Goldman Sachs, Uber, JPMorgan and Nvidia are some of the global firms that have restricted their employees’ usage of AI tools
Oil Price Today (November 4): Crude oil falls below $104 ahead of US midterm elections outcome. What are analysts saying?
Crude oil price : Oil prices experienced a slight dip on Wednesday as traders kept a close eye on the US midterm elections. Brent crude futures fell to $103.21 per barrel, with US WTI crude also seeing a decrease to $95.42. Despite an unexpected drop in US crude inventories, the unpredictable situation in the Middle East continues to influence market sentiments.
India gains as global investors move away from AI-linked stocks: Goldman Sachs
Indian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the best-performing global markets during the period. Goldman Sachs said the recovery was due to a rotation in global portfolios away from north Asian markets, which have greater exposure to AI -linked stocks.
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session amid US-Iran peace talks. Upstream stocks ONGC and Oil India, however, fell up to 2%. Lower crude prices typically benefit downstream companies by easing input costs and supporting refining and marketing margins.
India's economic pillars show 'no fragility', says Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman highlighted the government's commitment to increasing capital expenditure to promote economic growth. She remarked on the importance of fiscal prudence while implementing spending strategies effectively. Sitharaman emphasized the need for public investment to enhance welfare programs and improve access to essential services. The government aims to provide comprehensive insurance coverage by 2047 to foster financial inclusion.
Diwali cheer! Mukesh Ambani gets $8.5 billion richer in a day as RIL shares soar
Mukesh Ambani experienced a significant increase in wealth following a rally in Reliance Industries shares. The company's stock rose by 11.64%, marking its strongest gain in over six years. Reliance's quarterly earnings surpassed expectations, especially in its oil-to-chemicals and telecom sectors. Analysts have since shown increased optimism about the company's financial outlook and growth prospects. However, challenges remain for Reliance's retail business and overall stock recovery.
Goldman Sachs expects Bank of England to raise rates again in February
Goldman Sachs has revised its outlook on the Bank of England's interest rates, now predicting a possible quarter-point rise in November's monetary policy meeting. This would be the first increase since 2023, influenced by climbing energy costs and robust economic growth. Although immediate policy shifts are unlikely, the Bank will vigilantly observe inflation risks, maintaining rates at 4.25% through mid-next year.
Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027
Goldman Sachs raised its oil price forecasts amid mounting geopolitical risks and potential Gulf supply disruptions. The bank warned Brent crude could reach $140 per barrel in 2027 under a prolonged supply shock scenario. Shipping attacks, infrastructure damage and Middle East tensions could sustain elevated oil prices and market volatility.
India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman Sachs
The Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pressures observed in the first half of the fiscal year. The government's fiscal position improved significantly in September compared to August, aided by higher direct tax revenues. Focused expenditure reallocation will be crucial in achieving the deficit goals.
Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?
Crude oil price : Oil prices have plummeted dramatically, impacting Brent and WTI crude significantly. As Iranian and Qatari officials engage in talks to mitigate tensions from the US-Israeli conflict regarding Iran, the situation is further aggravated by security threats and oil tanker assaults in the Strait of Hormuz. Experts warn of ongoing price instability post-US midterm elections, creating an unpredictable environment for global energy supply chains and market responses.
Over 30 billionaires have one trait in common: Indian American entrepreneur who once taught Bill Gates tennis shares the one habit Microsoft co-founder shares with ultra-successful people
Sharran Srivatsaa, the CEO of Acquisition.com, once taught Bill Gates tennis. During their interactions, Sharran was taken aback by how curious the billionaire was and how frequently he asked questions. In a recent interview, the entrepreneur said that many extremely successful people have one trait in common - being curious.
How to do time management? Goldman Sachs CEO David Solomon shares the one rule he follows to make every minute count
Goldman Sachs CEO David Solomon shares his approach to time management, explaining why sticking to a schedule and being deliberate about daily commitments can help make every minute count. He also recalls his grandmother's career advice, “Don't be in a hurry”, and explains why he believes in balancing discipline in everyday life with patience when pursuing long-term goals.
A janitor with a thick Indian accent was told he’d never be employed anywhere in USA. He later dropped out of Stanford, joined Goldman Sachs, built 3 billion-dollar ventures
Setbacks are inevitable. The best thing you can do for yourself is not giving up. Taking to Instagram, Acquisition.com CEO and managing partner Sharran Srivatsaa shared his incredible journey from being a janitor to making it as a tennis coach and later as an entrepreneur through a viral video.
Oil prices soar 14% in October to 6-month high as US weighs fresh Iran strikes after midterms. More pain ahead?
Brent crude rose 13.6% in October to settle at a six-month high of $117.64 a barrel, as fears of fresh US strikes on Iran and threats to shipping through the Strait of Hormuz fuelled supply concerns. Analysts warn of further volatility, with Goldman Sachs flagging a possible rise to $120.
Goldman Sachs asked her to take down her baking TikToks, but this Gen Z employee had other plans; she quit Wall Street instead and is now turning her baking side hustle into a full-fledged business and made cakes for Gigi Hadid, others
Allison Sheehan, a former Goldman Sachs employee, faced conflicts with the firm's compliance team regarding her baking business. She decided to leave her finance career to fully focus on her cake business. After resigning, her production increased significantly, allowing her to create between 10 and 30 desserts each week. She is now exploring expansion plans for her company, including the potential for retail sales.
Oil Price Today (October 30): Crude oil jumps to $118 as Trump weighs fresh attacks after midterm. What are experts saying?
Crude oil price : Oil prices rose on October 30 amid fears of a potential US military strike against Iran. Crude oil prices have reached a six-month high due to ongoing security risks in the Strait of Hormuz. Uncertainties surrounding the conflict's escalation have led analysts to predict further price increases. Attacks on oil infrastructure in Saudi Arabia are also contributing to market volatility.
Goldman Sachs President John Waldron, who studied English instead of finance, was initially rejected by the bank; he now explains why he is rooting for English, history and philosophy graduates when asked about GS’ hiring strategy amid the AI boom
Goldman Sachs President John Waldron emphasizes the importance of intellectual curiosity and analytical skills in hiring practices. He expresses support for candidates with diverse backgrounds, including liberal arts majors. Waldron highlights that a well-rounded background reflects a person's intellectual journey, which is essential for the firm. He notes that traditional skills are experiencing a resurgence as the company adapts to an AI-driven world.
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