MICROSOFT EDGE
Playing teenpatti this Diwali? Why Warren Buffett played bridge while Charlie Munger played poker
As families gather for teenpatti this Diwali, legendary investors Warren Buffett and Charlie Munger credited card games like bridge and poker for sharpening their strategic thinking. While Buffett found mental stimulation in bridge, Munger learned how to leverage market edges through army poker games.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
Global Market Today: Asian stocks slide as US chip selloff deepens
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
D-St set for a negative opening as GIFT Nifty signals weak start
Benchmark Nifty experienced a marginal decline after recovering from a significant low during the trading session. Analysts believe Indian equities may remain range-bound. The rupee weakened against the US dollar due to rising crude oil prices and a strengthening dollar. Foreign portfolio investors were net buyers on Wednesday, with significant purchases noted.
Global Market: European shares waver as earnings, rising oil weigh on sentiment
European shares edged lower as investors assessed mixed bank earnings and rising oil prices ahead of the European Central Bank’s policy decision. Technology and energy stocks gained, offering some support amid broader market weakness.
Global Market Today: Asian stocks advance on resurgent AI optimism
The MSCI Asia Pacific Index rose 0.6%, as benchmarks in Australia, Japan and South Korea advanced. The Kospi Index rose 2.6%, with SK Hynix Inc.’s stock climbing after the company reported operating profit that beat estimates. The chipmaker is planning a total of 100 trillion won ($75.4 billion) in shareholder returns for 2026.
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The AI boom may transform the economy and still destroy capital, with stranded data centres and heavy investor losses
Investments in artificial intelligence by major companies have significantly increased in recent years. The overall investment in other sectors has shown minimal change during this period. AI's potential to enhance productivity suggests that current spending may benefit various industries like healthcare and education. Concerns exist regarding potential overinvestment and its subsequent impact on the economy.
Global Market Today: Wall Street gains lift Asian stocks as Fed decision looms
Gauges in Japan and South Korea advanced, helping the broader MSCI Inc.’s Asia Pacific equities gauge rise 0.6%. Equity-index futures for US stocks also climbed in early trading.
Global Market Today: Asian shares slip as AI jitters deepen ahead of big tech earnings
MSCI Inc.’s Asia Pacific equities gauge fell 0.2% ahead of this season’s busiest earnings week in Asia. US equity-index futures erased earlier gains and traded little changed.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones look to rebound as Wall Street investors set to be driven by a few factors, top stocks to follow
US Stock Market today: Investors also have their focus trained on the US midterm elections on November 3, with growing bets that the Democrats will wrest control of the US Congress away from President Donald Trump's Republican party.
Wall Street Week Ahead: Earnings flood, Fed meeting will test rickety AI market rally
US stock investors are on the edge of their seats as they anticipate quarterly earnings from tech giants like Alphabet, Microsoft, and Amazon. This week is pivotal, with the Federal Reserve meeting also in sight, likely to shape how investors feel about the AI sector. After disappointing earnings from firms such as Meta and Lam Research, mixed sentiment looms over the market, especially with the midterm elections on the horizon.
5 world market themes for the week ahead
An important week is upcoming with central banks like the Federal Reserve and European Central Bank making policy decisions. Major companies, including Alphabet, Amazon, and Microsoft, are set to report their earnings. Political events are also significant, with elections in Israel and Brazil influencing markets. China's leadership will hold discussions focused on party governance amidst external pressures.
US Markets Today: Dow ends 600 pts lower as AI doubts persist ahead of Fed meet
US stocks ended lower after a turbulent week as fresh doubts over the AI trade weighed on sentiment. The Dow fell 1.25%, while the S&P 500 and Nasdaq also declined. Investors turned their focus to major earnings from Alphabet, Microsoft and Amazon, along with next week’s Federal Reserve meeting.
Low-cost jobs will be taken over by AI, most worried about outsourced ones: Workday CEO
Workday Chairman and Chief Executive Officer Aneel Bhusri told reporters at the Workday Rising Summit that AI will not lead to jobs moving out of the US or first-world countries, but may do the opposite.
After US, India is easiest place to list a company, says Blackstone president and COO Jonathan Gray, eyes $100 billion investment in the country
Blackstone's president and chief operating officer Jonathan Gray has stated plans to increase their investment in India to $100 billion. He highlighted positive sentiments surrounding India's economy, which is growing over 7%. Gray acknowledged recent concerns like rising energy costs but emphasized robust economic momentum. The firm is committed to investing in sectors such as infrastructure, financial services, and healthcare.
India reacts to US' PERM move against IT cos Infosys to Wipro, says Vance's 'indentured servants' comments 'unwarranted'
India has criticized US Vice President JD Vance for labeling foreign workers as indentured servants. The Ministry of External Affairs stated that such terminology overlooks the contributions of Indian professionals. It highlighted the economic value and talent mobility that Indian workers bring to the US. Moreover, the MEA stated that restrictions on talent mobility do not advance shared interests.
"Credibility of talent mobility ecosystem damaged by actions of few," cautions Foreign Secy Misri
Foreign Secretary Vikram Misri has warned that fraud, exploitation and skill mismatches could undermine the credibility of India’s overseas talent mobility ecosystem, days after the US suspended PERM processing for several major technology companies. He urged recruiters and mobility firms to prioritise ethics, transparency and accountability, while the MEA said the US action could delay green-card processing but does not by itself affect existing H-1B visas or dependents.
Most trustworthy AI system demands least inherent model trust: Microsoft CEO Satya Nadella
The most trustworthy Super Intelligence system will not be the one powered by the model users trust the most, but rather the system that allows people to trust the model the least, Microsoft CEO Satya Nadella stated in a post on X.
India slams JD Vance's H-1B remarks, defends Indian workers
India's external affairs ministry expressed strong disapproval of JD Vance's remarks about H-1B workers, labeling them as deeply offensive. They emphasized that current H-1B visas continue to be valid, notwithstanding modifications to the PERM program. Vance's allegations against firms like Microsoft for prioritizing foreign employees over Americans have reignited debates on immigration.
US stocks: US market rises as oil retreats; SpaceX spectrum deal hammers telecoms
Wall Street opened on a positive note this Friday as oil prices dipped, easing worries over Middle Eastern supply issues. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each experienced a rise at the open. Nonetheless, the telecom industry faced headwinds following SpaceX's spectrum purchase, sparking competitive anxiety among its players, showcasing the market's mixed responses to sector-specific events.
Microsoft pushes AI vision with new, expensive Surface laptop
Microsoft is pushing a "hybrid intelligence" future with a new Surface Ultra laptop that runs on Nvidia artificial intelligence (AI) chips and will cost more than $2,500, the company announced Wednesday. The new Surface Ultra will use Nvidia's state-of-the-art AI chip, RTX Spark, which the semiconductor giant announced earlier this year.
Trump expected to award science medal to SpaceX's Elon Musk, other tech leaders
US President Donald Trump will present the National Medal of Science to Elon Musk and other innovators. The White House event will discuss the impact of private-sector investment in scientific breakthroughs and technology. Musk's relationship with Trump has improved following a previous dispute over government contracts. The awards ceremony is significant as it is the first of its kind during Trump's administration.
Global Market Today: Asian stocks rise after US tech rally, oil dips
MSCI’s Asia Pacific Index edged up 0.1%. Earlier, shares climbed on Wall Street after a rally in Nvidia Corp. and Microsoft Corp. helped the S&P 500 Index close near an all-time high.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities rebounded on Monday after eight consecutive weekly losses, with Sensex rising 473 points and Nifty gaining 134 points. Softer US jobs data and lower crude prices supported sentiment, though analysts flagged bond yields, currency risks, RBI policy and earnings uncertainty.
Finnish town braces for change from Google data centres
In the northern Finnish town of Muhos, 36-year-old farmer Joni Pitkanen is preparing for life with a new neighbour -- just kilometers away, tech giant Google is planning to build new data centres. The planned data centres are part of an announced 13-billion-euro ($15-billion) investment in Finland over the next two years -- the US tech giant's single biggest investment in Europe.
Anthropic, OpenAI sound AI doomsday warning, Nvidia may have an answer. Here's explainer
AI safety debate has divided the industry, with the heads of Anthropic and OpenAI championing a coordinated slowdown of Artificial Intelligence development to let safety efforts catch up. However, Nvidia may have a plan.
Trump's AI meeting with tech CEOs to focus on finding balance, US House speaker says
The White House meeting, which will include Mike Johnson, comes as leading AI companies are calling for slowing development of increasingly capable AI systems, warning of the risks to humanity and appealing for governments to work together to manage the increasingly powerful technology.
D-St set for a negative opening as GIFT Nifty signals weak start
Indian stock markets are currently witnessing a correction influenced by global geopolitical tensions and excessive valuations. Foreign investors have turned into net sellers, contrasting with the ongoing net buying patterns from domestic institutional investors. The rupee has strengthened against the US dollar, hinting at a positive shift in global risk appetite.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created investor uncertainty throughout the week. Various industries are under scrutiny regarding their prospects related to artificial intelligence advancements. Additionally, traders faced a potential interest rate increase by the Federal Reserve in October.
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