SECURITIES AND EXCHANGE COMMISSION
Why did the ETF betting against Jim Cramer’s stock picks shut down in less than a year?
The Inverse Cramer Tracker ETF launched in March 2023 with a strategy built around betting against Jim Cramer’s stock recommendations. But the fund lost 15%, attracted just $2.4 million in assets and faced closure less than a year later. Here’s why the unusual ETF shut down.
Firm It Up, Don't Junk It: India needs a more predictable capital gains tax regime to deepen equity markets
India's capital markets have seen significant changes, with millions of households participating in equity investing. The current tax framework needs to evolve to encourage better investment behavior among participants. A predictable and neutral tax system can foster deeper domestic participation in capital markets. Implementing a graduated tax rate could motivate investors to hold their investments longer. Adjusting the capital gains tax structure could align taxation with economic returns for investors.
Chinese chipmaker YMTC puts IPO on hold as weaker markets weigh, sources say
That process has been put on hold due to "various factors", according to an internal note YMTC sent to its staff and seen by Reuters. It did not elaborate on the factors. The delay, which two of the people said could last several months, has not been reported previously.
Stockal scam: Trading platform says unauthorised third party accessed customer accounts
Stockal has disclosed that unauthorized trading practices impacted 13 client accounts, resulting in notable financial losses. Investors claim their assets were liquidated without consent, redirecting funds towards unauthorized transactions. An investigation revealed there was no compromise within Stockal's systems; however, it points to a likely social engineering incident. Affected investors have reached out to regulatory bodies in India and the U.S.
China to expand global access to yuan assets, promote Hong Kong as offshore hub
China plans to expand global access to yuan-denominated assets and strengthen Hong Kong's role as an offshore yuan hub. Meanwhile, regulators flagged risks from surging AI investments, warning of rising leverage, higher borrowing costs and financial instability.
Anthropic revenue up 12x in Q3, commits $895 billion spending
Anthropic has reported a remarkable twelve-fold increase in quarterly revenue, reaching nearly $17 billion. The company plans to invest over $895 billion in future computing infrastructure and costs. Despite substantial revenue growth, Anthropic faces a $23.3 billion net loss in the last quarter due to rising expenses. Additionally, AI pricing pressures have impacted revenue growth, resulting in lower earnings.
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Horoscope Today, November 3, 2026: Aries Gets Creative, Taurus Finds Comfort, Gemini Makes Powerful Connections
The Moon transits into Leo today, illuminating creative self-expression, domestic stability, and dynamic communication. While Jupiter in Leo inspires confidence and ambitious growth, retrograde Mercury and Venus in Libra caution against signed financial rush and unverified commitments. Debilitated Mars in Cancer calls for emotional composure. Today brings strategic creative momentum for Aries, foundational workspace organization for Taurus, and proactive networking for Gemini.
China stocks edge higher as reports of market support lift sentiment
China’s stock market edged higher after reports that regulators would discuss measures to support capital markets. However, concerns over state-backed Zhuhai Huafa Group’s liquidity continued to weigh on related stocks and bond funds.
McDonald’s must face class action lawsuit over its McRib, judge rules: Why is the fan-favorite $7 sandwich facing fraud allegations?
In a notable ruling, a district judge has permitted a class action lawsuit against McDonald's focusing on the McRib sandwich. The suit purports that the fast-food giant's advertising misleads consumers regarding the meat quality, with plaintiffs arguing they spend significantly more for the expectation of premium pork cuts. McDonald's defends its ingredient standards and transparency, amidst previous concerns about the treatment of animals used in the McRib's meat sourcing.
US SEC's top cop says agency is monitoring AI corporate disclosures
Big Tech stocks sold off this week as companies disclosed they are burning through cash to fuel their AI expansion at a time when interest rates are rising, raising questions about the sustainability of AI spending.
Suzlon faces Adani, JSW challenge as wind energy market heats up; Q2 margins take a hit
Suzlon Energy faces intensifying competition from Adani, JSW and other players in India's wind energy market, even as its revenue grew 26% year-on-year to Rs 4,869 crore in Q2 FY27. EBITDA remained flat at Rs 720 crore, while the EBITDA margin narrowed to 14.8% from 18.6% a year earlier.
Tata Power, JSW Energy, Torrent Power: Ambit sees buying opportunity in power stocks after valuation reset
Ambit Capital sees the recent correction in power stocks as a re-entry opportunity, favouring Tata Power, JSW Energy and Torrent Power. Rising electricity demand, fresh capacity contracting and limited PPA visibility could drive the sector’s next growth phase.
Bloomberg, two trading firms agree to pay Truth Social for faster access to Trump's posts, sources say
The firms are Susquehanna International Group and Jump Trading, both high-frequency trading firms focused on algorithmic and automated strategies.
Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%
Meesho’s Q2 FY27 net loss narrowed 67.8% to Rs 132.45 crore, while revenue surged 34.4% to Rs 4,131.58 crore. Rising user engagement, stronger merchandise value, improved contribution margins and festive-season demand supported growth amid elevated spending.
Metals thrust, strong growth engines power Vedanta's stellar July-September
The metals-to-oil conglomerate's profit in Q2 was boosted by higher base metal prices. Vedanta attributed its robust Q2 show to higher commodity prices and favourable foreign exchange movements, among other things.
India's markets regulator Sebi weighs domestic AI model for securities trading, chairman says
India's Securities and Exchange Board is initiating an AI supervisory system aimed at bolstering risk management strategies in the securities sector. The board is also contemplating the establishment of a domestically governed AI infrastructure to enhance the digital landscape. Chairman Tuhin Kanta Pandey highlighted the critical need for trustworthy data and robust oversight of AI applications.
What happened to the FEC website? Hackers disrupt campaign finance filings before US midterms
On October 26, just ahead of the US midterm elections, the Federal Election Commission encountered a significant outage in its electronic filing system, potentially due to a security breach by an unidentified source. This disruption prevented candidates from submitting vital campaign finance reports during a key spending period, raising concerns about the transparency of campaign funding.
NYSE bets on all-or-nothing options as event driven trading gains traction
NYSE is preparing to launch binary return options that will let investors make all-or-nothing bets on whether stocks and ETFs finish above or below set prices. The exchange is also seeking approval for KPI options linked to company earnings metrics, expanding the range of event-driven trading products available to investors.
Anthropic IPO: Here are some of the key people of Indian origin behind the AI giant
As the artificial intelligence company prepares for the next phase in its journey, let’s take a look at several top people in the organisation with Indian connections.
When is Anthropic IPO? Tom Brown leads seven co-founders with $24 billion stake as founders pledge 80% of their wealth but could still retain control
Anthropic IPO: AI giant Anthropic filed for an IPO on Monday and is reportedly aiming to go public by the end of November. Anthropic’s IPO could make its seven co-founders billionaires, with Tom Brown holding the largest stake. The founders have pledged to give away 80% of their personal equity to charity but could retain control.
Meet Neil Buddy Shah, the global health executive named in Anthropic’s mega IPO filing
Shah is not one of the founders of the company and does not run its AI research or day-to-day business. He is the chief executive of the Clinton Health Access Initiative (CHAI), a global health organisation and chairs Anthropic’s LTBT, the body created to help ensure that frontier AI is safe and its benefits are broadly distributed.
US IPO Process: How companies navigate the road to Wall Street listing
Anthropic's potential US stock market listing has brought the IPO process into focus, from regulatory filings and confidential reviews to investor roadshows, pricing and share allocation. The process typically takes three to six months, with market conditions and investor demand influencing the outcome.
Risks spelled out for Anthropic investors include possible harms from runaway AI
The risks laid out by the San Francisco company in its filing Monday with the Securities and Exchange Commission included discussion of bad actors potentially using AI models to build deadly weapons or the technology itself going rogue with untold consequences.
Anthropic IPO by the numbers, from a possible valuation in the trillions to surging revenue
The artificial intelligence lab filed papers Monday setting up a Wall Street debut next month, ahead of its chief rival OpenAI and just months after SpaceX set records in June with an initial public offering that raised $86 billion.
Anthropic takes AI test with filing for Wall Street debut
Anthropic PBC has filed for an IPO, becoming a potential leader in AI technology. The company anticipates trading under the symbol ANT on the Nasdaq Global Select Market. Despite significant revenue growth, Anthropic warns future growth may slow due to market maturity and competition. The filing emphasizes the existential risks associated with advanced AI technologies, raising public safety concerns.
Anthropic IPO filing shows 11,900 customers spending six figures, revenue per employee up nearly fivefold
The registration statement, filed Monday with the US Securities and Exchange Commission (SEC), says that as of September 30 more than 1,900 customers had spent $1 million or more over the previous twelve months. About 250 had spent $10 million or more.
Anthropic's rapid growth comes with an $80 billion loss and growing concerns about AI risks
Anthropic filed for an initial public offering, reflecting rapid revenue growth amid significant financial losses. The company reported a 1,300% revenue increase, reaching $16.3 billion in the first half of 2026. However, it also encountered a net loss exceeding $80 billion due to high costs in AI development. Risks associated with AI technology are increasingly becoming a concern for potential investors.
JSW Steel and Japan's JFE to add 5 MT steel capacity at Odisha JV plant with Rs 7,500 cr investment
JSW Steel and JFE Steel have entered into a mutual agreement to enhance their joint venture steel initiative in Odisha. With a notable investment of Rs 7,500 crore from both parties, this ambitious project targets an increased production capacity of 9.5 million tonnes by FY31. In addition, further investments will support improvements in other steel and mining activities, reinforcing their competitive edge and significantly upgrading their product range.
Global Market: Anthropic presses ahead with November IPO as AI listings face delays
Anthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. With a possible $1.5 trillion valuation, its listing could test investor appetite as several AI infrastructure companies postpone or shelve offerings.
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