IVV MADE 263 BILLION WHILE SQQQ LOST 10 BILLION WHY
US election confirms erosion of support for Israel, with even Trump questioning military aid
A notable change is occurring in US-Israel relations as bipartisan support dwindles following Israel's actions in Gaza. President Donald Trump suggested cutting off military aid to Israel, stirring political discourse. Meanwhile, significant Democratic victories signal a shift in public opinion towards Israel's military policies. Vice President JD Vance indicated a need for Republicans to reassess their stance on Israel. The implications of these developments could reshape future US policy significantly.
Adani Green bets on battery storage to offset grid issues
Adani Green Energy lost Rs 700 crore in Ebitda over the six months ended September. Without curtailment, its first-half FY27 Ebitda would have been about Rs 9,000 crore, against the actual Rs 8,276 crore.
Tesla IPO investors turned $1,000 into $242,000: Can its $1.52 trillion valuation deliver another big payday for shareholders?
Since its initial public offering in 2010, Tesla has surged over 24,000% in stock value. Despite this history, recent earnings data for Q3 reveal a downturn in operating income. Tesla shares plunged 10.77% on Thursday, November 5, closing at $343.69. Friday’s rebound in Nasdaq offered some relief. The company’s high market price suggests optimism for future innovations in AI, like Robotaxis and Optimus. New shareholders face challenges compared to those who invested early.
SpaceX stock today: SPCX rebounds 4.89% after 9% crash; can Adam Spatacco's prediction about Musk's Baron conference spark a rally?
Adam Spatacco's SpaceX stock prediction: SpaceX stock is trying to recover after Thursday’s 9.05% crash, with SPCX rising 4.89% to $129.66 in Friday premarket trading. Investors are now watching Elon Musk’s appearance at Baron Capital’s annual conference. Investor Adam Spatacco sees a potential rally catalyst, but the question is whether Musk can offer updates that support Starlink and the company’s AI growth story. Musk's appearance at the 2022 conference did not produce a positive reaction in Tesla shares.
India's forex reserves fall $2.6 billion to $717 billion as of October 30
India's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, extending a decline from their September peak. Experts attribute the drawdown partly to the deployment of FCNR(B) funds and RBI's dollar sales to support the rupee, while foreign currency and gold assets declined.
Trump Media's investors lost $2.2 billion while Trump holds $460 million stake
Ske Jarzenske and other Trump Media investors are facing severe losses as the company's stock value has plummeted. Many investors had high hopes for the social media platform, believing in its potential profitability under Trump's leadership. Instead, Trump Media's shares have lost significant value, and discontent among shareholders has grown. The company's revenue remains stagnant, leading investors to question management practices and investor trust.
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Nvidia, AMD, Meta, other tech stocks nosedive as Democratic sweep prompts AI slowdown fears
Nvidia and AMD faced noticeable drops as Democratic wins sparked fears regarding possible restrictions on AI development. This ripple effect was felt across the Nasdaq and Dow Jones, both of which registered significant declines. Investors showed concern over delays in data center projects tied to promises from recently elected officials.
The fund that created the most wealth in 10 years was a plain S&P 500 ETF: $263 billion
The iShares Core S&P 500 ETF (IVV) generated the most shareholder value over the last 10 years. According to a Morningstar report, it created $263.1 billion in wealth for investors. Meanwhile, the Invesco QQQ Trust (QQQ) followed with $195.2 billion created for investors. Conversely, the ProShares UltraPro Short QQQ (SQQQ) lost $10 billion during the same decade. Smaller funds often struggled with losses due to market conditions and high-risk categories.
Nasdaq set to confirm correction as AI stocks tumble
The shock selloff comes a day after the Democrats' election victory including in some key data-center states drove concerns about a slowdown in the AI data-center buildout, optimism about which had pushed stock markets to record highs earlier this year.
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.
Elon Musk gambled $445 million to boost Republicans in midterms and came up short
Nobody may have suffered bigger losses Tuesday than President Donald Trump. But few others had more on the line than Musk, who gambled big and came up holding the midterm's worst return on investment. Democrats in Congress were already queuing to get their shot at Musk, with possible subpoenas and investigations.
Elon Musk gambled $445 million to boost Republicans in midterms and came up short
Elon Musk's hefty USD 445 million investment in Republican candidates did not yield the desired electoral success, as Republicans faced significant losses, ceding control of Congress. This setback has prompted Democrats to contemplate investigating Musk's business operations. Critics have denounced his financial influence in politics, highlighting the risks of affluent individuals shaping policy. Anticipated changes in Texas's Democratic leadership suggest intensified scrutiny of Musk's ties to the state.
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.
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: FT
Softbank had agreed to buy ABB's robotics business in October last year, as CEO Masayoshi Son sought to establish SoftBank as a core player in the development of artificial intelligence.
Sequoia Capital restructures operations after raising $10 billion, shuts London office
In a bold move, Sequoia Capital is undergoing a major restructuring by shutting down its London office and disbanding the Arc accelerator and Scouts programs. These changes come amid a leadership shift and a focus on selective investing. With approximately $10 billion raised in new funds, Sequoia is committed to backing European founders, albeit from its Bay Area hub.
A family office with $36 billion took on $160 billion of exposure, and its founder got 18 years in prison
Sung Kook 'Bill' Hwang received an 18-year prison sentence for his involvement in the Archegos Capital Management collapse. The firm’s failure resulted in over $10 billion in losses for major banks. Prosecutors previously sought a 21-year sentence and over $12 billion in financial penalties from Hwang. During sentencing, the judge compared Hwang's actions to those of Sam Bankman-Fried from FTX.
Voyager 1 lost? Where is NASA's spacecraft right now, and how long will it last?
As NASA's Voyager 1 and Voyager 2 traverse the vast reaches of interstellar space, they confront various power and communication obstacles. Recently, Voyager 1 encountered a setback, losing contact momentarily when its fault protection system triggered due to inactive thrusters. Thankfully, engineers swiftly restored communication and introduced power-saving strategies to prolong the mission.
Google loses nearly half a trillion in market value: What went wrong with Alphabet?
Alphabet lost $482 billion in market value after its shares plunged nearly 13% following disappointing third-quarter results. Despite 103% growth in Google Cloud and more than 1 billion Gemini users, weaker search revenue and negative free cash flow raised fresh concerns about AI spending and Google’s advertising business.
IREDA seeks global funding partnerships to lower borrowing costs for green projects
IREDA is aiming to collaborate with global banks and investors for long-term green financing initiatives. Renewable energy developers in India face high borrowing costs compared to those in developed markets. The country requires significant investment to achieve its renewable energy capacity goals by 2030. Concerns regarding land acquisition and transmission infrastructure continue to pose challenges for developers. Disruptions in power generation can substantially impact project finances and repayment capabilities.
UK Home Secretary Shabana Mahmood scraps 15-year settlement wait for migrant care workers earning £25,000
The UK government has revised its immigration settlement rules, particularly for foreign care workers. Eligible care workers can now qualify for permanent residency after five years instead of 15. In addition, changes will extend the standard settlement period for most migrants from five to ten years. Stricter eligibility conditions are also being introduced for all applicants and refugees.
Marvell to buy Lumentum in $115 billion deal in AI data-center bet
Marvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition is intended to position Marvell more competitively against Broadcom in the rapidly growing AI sector. With this expansion, Marvell anticipates boosting its optical components production to satisfy the escalating demand in data transfer spurred by AI innovations in data centers.
AI debt surge pushes Magnificent Seven borrowing to $578 billion, up 45%: SBI Research
The combined debt of the seven largest US technology companies, widely known as the Magnificent Seven, has increased nearly 45 per cent to USD 578 billion by mid-2026, raising concerns over the financial risks linked to the rapid expansion of artificial intelligence infrastructure, according to a report by SBI Research.
Binance sees net outflows of $3.64 billion after resumption of withdrawals
On November 1, Binance reported net outflows of around $3.64 billion as withdrawals resumed after a pause. During this period, withdrawal volumes reached over $4.64 billion while deposits amounted to $1.01 billion. The exchange stated that the percentage of outflows represented 2.1% of its total assets. Despite the large outflows, Binance highlighted that deposit volumes remained substantial and withdrawal volumes began to stabilize.
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.
Interstellar Object 3I/ATLAS: 3I/ATLAS may have come from a star system older than our sun, James Webb Telescope observations suggest
Recent findings from the James Webb Space Telescope have unveiled intriguing chemical signatures surrounding the interstellar object 3I/ATLAS. This comet likely originated in a stellar nursery billions of years prior to the Sun's birth. Its significant methane presence hints at a primordial formation, coupled with low metallicity and high cosmic ray exposure. The uncommon water-ice grains shed light on the icy building blocks of other star systems.
Binance sets aside USD 6.34 billion to cover crypto hack losses, targets phased withdrawal resumption
In response to a significant security breach, cryptocurrency exchange Binance has earmarked USD 6.34 billion to cover losses incurred from unauthorised withdrawals amounting to about USD 6.3 billion. The company is committed to recovering these funds and restoring withdrawal services incrementally, having already safeguarded USD 5 billion in stolen assets.
OpenAI cuts funding target by $10 billion: FT
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times
What if you had invested $1,000 in Netflix stock 20 years ago? Here’s how much NFLX would be worth today
Netflix stock investment: A $1,000 investment in Netflix (NFLX) stock 20 years ago would be worth about $218,000, according to a Kiplinger analysis. But the gains came with steep sell-offs, rising content costs and growing competition. Here’s what drove Netflix’s long-term returns and what its latest financial results reveal.
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