NEWS CORP
MeitY probes physical AI data use; Nvidia CEO Jensen Huang resigns
MeitY is reviewing the practice of collecting first-person video and sensor data from gig workers to train physical AI models. This and more in today’s ETtech Top 5.
Iran unveils underground 'missile city', warns US bases in Europe could face strikes if war resumes
Iran has unveiled an underground facility displaying ballistic and cruise missiles as senior officials warn that any renewed US attack could trigger strikes on American military bases across the Middle East and Europe. Tehran has also claimed that its missile production capabilities remain protected underground and ruled out transferring its enriched nuclear material abroad.
At China’s big import fair, sellers try to crack a tough market
At the China International Import Expo in Shanghai, a plethora of international firms exhibited their products tailored for the growing Chinese consumer market. Emphasizing the importance of cutting-edge technology and skilled craftsmanship, businesses recognize the fierce local competition, with Chinese manufacturers enhancing their capabilities.
Global Market Today: Asian stocks mixed as Nvidia turmoil hits AI-linked shares
Nasdaq 100 futures fell over 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading. The company’s board is meeting to discuss Huang’s future after he admitted to an affair with a woman US officials reportedly believe is a Chinese spy, according to a person familiar with the matter.
Scott Laux Blue Angels suspended: Did controversial beach flyover, with Navy jets sending tents and umbrellas flying, play a role?
Major Scott Laux, previously part of the Blue Angels, defended a controversial low-flying performance over Pensacola Beach. This incident, which resulted in chaos on the beach, occurred months before his dismissal from the squadron. The Navy cited his underperformance as the reason for Laux's removal from the prestigious team. Additionally, public affairs officer Danielle Cribb was dismissed in a separate, unrelated incident.
Global Market Today: Asian stocks rise on CoreWeave results, bonds drop
Japan’s Nikkei 225 rose as much 0.3%, while South Korea’s Kospi swung between gains and losses. A broader gauge of Asian shares advanced 0.2%. Contracts for tech-heavy Nasdaq 100 rose 0.4% in early Asian after the underlying index dropped 0.6% in regular trading.
- Go To Page 1
Anthropic targets $90 billion IPO at $1.4 trillion valuation
Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has reported a revenue run rate of $81 billion, showcasing significant growth in recent months. The IPO is scheduled to price on November 18 and begin trading the next day.
Scott Laux Blue Angels removal: Were pilot Scott Laux and public-affairs chief Danielle Cribb's ousters related?
Blue Angels Scott Laux suspended: The removal of Blue Angels pilot Scott Laux and public-affairs chief Danielle Cribb from the squadron has sparked speculation about a possible connection between their exits. Photos of the two together have resurfaced, but a report has claimed that their removals were separate and unrelated. Here's what we know about their departures and the Navy's response.
Nvidia's Jensen Huang should have known better
Nvidia's CEO Jensen Huang has faced scrutiny after admitting to an extramarital affair with a suspected spy. This revelation has raised major concerns about corporate governance and his leadership. While the company's board has initiated an investigation into the matter, questions about its oversight remain. Huang's relationship has implications for both Nvidia's operations and national security.
Unexpected twist in Blue Angels dismissals as pilot and public affairs chief reportedly removed for separate reasons
In a surprising turn of events, the Blue Angels flight demonstration squadron has seen the exit of Marine Corps Major Scott Laux and Marine Captain Danielle Cribb under unclear circumstances. While Laux's departure is cited as a concern about meeting elite performance standards, speculation surrounding the connection between their dismissals remains unproven. As the team forges ahead with its performances, questions linger about the reasons behind these controversies.
Moonshot AI rents Nvidia’s top AI chips in China, documents show
Documents indicate that Moonshot AI possibly accessed advanced Nvidia chips despite US export restrictions and related investigations. The servers were reportedly rented from Super Micro Computer Inc. with significant financial backing from Lingmeixin Technology Co.
Who is Danielle Cribb? Marine captain's profile mysteriously disappears from Navy's Blue Angels website after mentor Scott Laux's dismissal
The mysterious disappearance of Marine Captain Danielle Cribb's biography from the Blue Angels website has sparked curiosity and speculation. This comes on the heels of Marine Major Scott Laux's sudden removal from the squadron for undisclosed reasons related to performance standards. The situation is particularly intriguing given Laux's mentorship of Cribb. However, the Navy has yet to clarify Cribb's status or the reasoning behind the biography's removal.
Iran shot down 260 US aircraft, captured 7 MQM-170 drones, building underground weapons facility: IRGC's spokesman details capabilities
Iran's IRGC has claimed that it shot down 260 hostile aircraft during the conflict initiated by the US and captured seven MQM-170 reconnaissance drones intact last week. The force has also highlighted how it is shifting missile and drone production underground while expanding indigenous manufacturing of missiles, drones and air-defence systems to reduce dependence on foreign suppliers.
Trump announces Task Force Iron Gate to choke off Iran's trade routes, enforce restrictions on weapons supplies
US President Donald Trump has announced Task Force Iron Gate to restrict the movement of weapons, dual-use technologies and sanctioned materials into and out of Iran. The initiative will operate alongside a US naval blockade that CENTCOM says has prevented Iran from exporting more than $25 billion in crude oil.
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
Iran says two oil tankers catch fire after hitting naval mines in Strait of Hormuz
Two oil tankers caught fire after allegedly striking naval mines while attempting to cross unauthorised routes through the Strait of Hormuz, Iran's Revolutionary Guards said. The incident comes amid heightened tensions between Tehran and Washington, with Iran restricting shipping through the strategic waterway and the US enforcing a naval blockade on Iranian ports.
Meet Dakota Meyer: Medal of Honor hero tapped by Pete Hegseth to fix Pentagon barracks' crisis as US troops sleep in cars, face no hot showers
Medal of Honor recipient Dakota Meyer has been tapped by Defense Secretary Pete Hegseth to lead efforts to improve military barracks after reports of troops sleeping in cars and facing poor living conditions, including mouldy rooms, broken air conditioning and a lack of hot water and showers. Dakota Meyer served on active duty in the Marine Corps from 2006 to 2010.
Blue Angels fly with five jets after Scott Laux's removal: What happened to No. 6 pilot ahead of final Pensacola air show and why Navy hasn't revealed reason?
Marine Corps Maj. Scott Laux was removed from the Blue Angels' flight demonstration team for unspecified reasons. The Chief of Naval Air Training stated he failed to meet the expected standards. His removal occurred just before the team's annual homecoming air show at Naval Air Station Pensacola. Laux's position as the No. 6 opposing solo pilot will remain vacant for the remainder of the season.
US Navy Blue Angels fires pilot, team flies five instead of six jets during homecoming show: Who is Scott Laux and why was he removed?
Marine Corps Major Scott Laux has been taken off the Navy's Blue Angels squadron. He had been serving as the number 6 opposing solo since September 2024. His removal means he will miss the rest of the season's performances, although the Blue Angels plan to proceed with their shows, wrapping up on November 7.
Bluegrass legend Bill Clifton dies at 95: What we know about his cause of death and musical legacy
Bill Clifton, a legendary figure in bluegrass music, passed away on October 30 at the remarkable age of 95. His contributions included nearly three decades of album releases and the inception of bluegrass festivals since 1961. Clifton played a pivotal role in bringing bluegrass to international audiences in England and the Philippines. His unwavering commitment to folk traditions will resonate with countless generations to come.
Global Market Today: Asian stocks join US selloff as AI slump deepens
South Korea’s tech-heavy Kospi Index slid 8.8% in early trading, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 9%. Japan’s benchmark Nikkei 225 Stock Average lost 6.2%, while the MSCI Asia Pacific Index declined 2.9%. Futures pointed to losses in Taiwan, Hong Kong and China.
Trump’s first reaction to early Democratic gains: ‘I wasn’t on the Ballot’
Donald Trump commented on the midterm election outcomes, boldly stating his influence would guarantee Republican success. He took aim at Fox News, alleging their reporting skewed towards Democrats and harmed their ratings. As initial results pointed to Democratic advancements, CNN reported shifts in House leadership, signifying Trump's enduring role in party politics even though he wasn’t a candidate.
Global Market Today: Asian shares retreat as US futures slide on mid-term election bets
Contracts for the S&P 500 Index dropped 0.3%, erasing an initial gain of 0.5%, while those for the Nasdaq 100 declined 0.6%. The dollar dropped against most of its Group-of-10 peers and the yield on the benchmark 10-year Treasury note fell four basis points to 4.92%. The MSCI Asia Pacific Index dropped 0.2% even as South Korea’s Kospi Index jumped 1%.
Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp
The Indian stock market continues its upward momentum, with the Nifty 50 showing a robust rally and hitting significant resistance levels. Major players like NSE and SBI have posted remarkable quarterly results, illustrating their strong profitability and revenue growth. Firms such as Happiest Minds Technologies and the Multi Commodity Exchange of India contributed positively to the market's performance.
Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?
Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen regarding the potential escalation of the ongoing conflict in the Middle East. Goldman Sachs has revised its oil price forecasts upward, contemplating a possible future increase to $140 per barrel. Meanwhile, Tehran continues discussions with the US to seek peace despite ongoing military tensions.
3 US drones shot down near Strait of Hormuz: Iran's IRGC
Iran's Islamic Revolutionary Guard Corps announced the shooting down of three US drones near the Strait of Hormuz. The IRGC claims to have used electronic warfare systems to down the drones, increasing military tensions with the US. Both nations have expressed a willingness to engage in diplomatic negotiations following these events. US officials noted a significant drop in oil prices amid expectations of a potential settlement.
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.
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
Who is Josh Green? Incumbent Hawaii governor has raised nearly 10 times more campaign funds than his Republican challenger Gary Cordery
Hawaii is gearing up for a crucial gubernatorial showdown as incumbent Democrat Josh Green faces off against Republican contender Gary Cordery. With early voting wrapping up on November 2, just days before the general election, Green has showcased a fundraising advantage, amassing far more money than Cordery.
Load More
