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Chinese AI stocks, hardware suppliers slide as Nvidia CEO exit fuels US-China chip fears
Chinese AI and semiconductor stocks decline amid concerns over Nvidia leadership changes and tighter US chip export restrictions. Fears of disrupted technology access intensify pressure on AI developers and hardware suppliers, while domestic chipmakers gain.
Ola Electric Q2 revenue dips 39% as registrations slide
Ola Electric reported ₹421 crore in revenue for the September quarter, marking a 39% decrease from last year. The company ceased orders from direct-to-consumer stores as it shifts to a dealership model. Ola now has 255 dealer partners with over 300 stores to boost sales and reduce operating costs. Their net loss narrowed to ₹362 crore, despite lower vehicle registrations affecting their business.
US stocks: US stocks closes lower as Nvidia slide outweighs energy rally
US stocks closed lower as Nvidia’s decline following CEO Jensen Huang’s departure outweighed a rally in energy shares. The S&P 500 fell 0.34%, the Nasdaq lost 0.40% and the Dow declined 0.36%, while retail investors made a record $111 million opening bid for Nvidia shares.
Ola Electric’s Q2 revenue slumps 39% to Rs 421 crore, losses narrow
The company said it has stopped taking orders from its direct-to-consumer stores on Nov 1, and plans to close them by December. The company, which had announced a pivot to a dealership model in August, now has 255 dealer partners operating over 300 stores, it said in its letter to shareholders.
Kimberly Powell: What to know about the Nvidia executive and her reported extramarital affair with Jensen Huang who also had a fling with alleged Chinese spy Alice Huang
In a surprising turn of events, Nvidia's CEO Jensen Huang has publicly acknowledged his infidelity after four decades of marriage. This revelation comes amidst reports of a past relationship with Kimberly Powell, an Nvidia executive, as well as troubling allegations involving Alice Huang, a Chinese businesswoman with suspected ties to Chinese intelligence.
Dragon's Army-linked university was served Nvidia chips despite US sanctions
The findings come as Nvidia and its CEO Jensen Huang face mounting scrutiny in Washington over his lobbying for looser restrictions on sales of AI chips to China, following reports alleging he was targeted by a Chinese spy.
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XRP investors have a new reason to worry: Ripple’s David Schwartz sells 23 million XRP tokens, cuts holdings by 88% — Why he exited as XRP price struggles near $1
XRP news today: Ripple’s David Schwartz has sold 23 million tokens, cutting his holdings by 88% to 3 million XRP. The disclosure comes as XRP trades at $1.056 on Wednesday, November 11, down 17% over the past seven days and 71% below its July 2025 record of $3.65.
Smallcap mutual fund inflows drop 29% MoM to Rs 6,407 crore in October. Should investors be cautious or continue investing?
Smallcap mutual fund inflows declined 29% month-on-month to Rs 6,407 crore in October, amid market corrections and elevated valuations. However, experts say continued inflows reflect investor confidence in the segment's long-term growth prospects.
India bonds slip as Treasury rout offsets oil slide
Indian government bonds declined on Wednesday as a sharp rise in US Treasury yields, triggered by hotter-than-expected inflation and hawkish signals from policymakers, overshadowed relief from lower crude oil prices. Higher US yields could erode the relative return advantage of Indian debt, dampening its appeal among foreign investors.
Thomas Markle, father of Duchess of Sussex Meghan Markle, ordered back to jail after he cuts off his ankle bracelet
Thomas Markle was arrested and charged on Friday on a single federal count of possessing child sexual abuse material, including two explicit photographs of himself posed with a naked underage girl and other images of him with children in various stages of undress.
Help NASA build a home on the Moon and get $1 million prize: Check competition rules, key dates, how and where to apply
NASA has announced a $1 million Moon Base Student Challenge, inviting eligible high school and college students in the US to develop innovative solutions for building a permanent human settlement near the Moon's South Pole. The competition will focus on six areas, including power generation, construction, life-support systems and astronaut safety.
Eurozone bond yields fall as lower energy prices ease inflation concerns
On Tuesday, government bond yields in the Eurozone experienced a notable drop, particularly for French and Italian bonds. The easing of inflation worries, attributed to falling oil and natural gas prices, enhanced demand for bonds. Germany's 10-year bond yield fell to 3.25%, while France's decreased to 4.69%. Boosted by the US President's calming remarks, market sentiment improved, especially for nations that had faced challenges in their bond markets.
European stocks rise, STOXX 600 nears record high as oil prices fall
European stocks kicked off the day on a positive note, with the STOXX 600 index climbing thanks to decreasing oil prices and reduced geopolitical tensions. Investors showed optimism after Donald Trump's remarks concerning military strategy towards Iran. Notably, airlines such as Lufthansa and Air France-KLM surged alongside lower oil costs.
California's Great America to shut down after 50 years. Which Six Flags parks are still operating in the state?
California's Great America in Santa Clara will celebrate its final operating year in 2027 after 50 years. Guests can revisit favorite attractions and create new memories in its last season. Six Flags Entertainment Corporation announced the closure following the expiration of a land lease in 2028. Other Six Flags parks in California, such as Knott’s Berry Farm and Magic Mountain, continue to operate.
SoftBank posts $7 billion quarterly loss as AI investment risks mount
SoftBank Group reported a $7 billion quarterly loss, reversing last year's profit, as volatile AI investments weighed on earnings. Its $64.6 billion investment in OpenAI has increased exposure to the sector, while falling AI stock valuations, regulatory concerns and market uncertainty intensify investor worries about sustainable returns.
Singapore to launch gold vaulting service for foreign central banks, ease taxes to boost bullion trad
Singapore's central bank will introduce a gold vaulting service for foreign central banks and financial institutions. This initiative aims to strengthen Singapore's position as a global trading hub for precious metals. Alongside the vaulting service, new tax incentives for companies in the bullion market will be implemented next year. The Monetary Authority of Singapore is also preparing an over-the-counter gold clearing system by 2027.
China, Hong Kong stocks rise as AI shares rally, oil prices slide
Chinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks led gains, while energy shares declined amid a broader regional market rebound.
Chinese chipmakers Denglin and Xinde make mixed Hong Kong market debuts
Chinese chipmakers Suzhou Denglin Technology and Jiangsu Xinde Semiconductor Technology made contrasting Hong Kong market debuts after raising a combined HK$2.36 billion through their IPOs. Denglin opened 0.9% below its offer price, while Xinde gained 20.5%. Both companies plan to use most of the proceeds to expand their semiconductor businesses.
Oil falls as Trump downplays prospect of escalation with Iran
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50. Trump stated he would maintain a naval blockade in the Strait of Hormuz temporarily. OPEC's oil output increased in October, supported by higher production from Saudi Arabia and Kuwait.
South Korean shares surge over 3% as tech stocks rebound, oil prices ease
South Korean shares surged 3.57%, snapping a three-session losing streak, as gains in US technology stocks and falling oil prices boosted investor sentiment. Chipmakers Samsung Electronics and SK Hynix led the rally, while foreign investors turned net buyers. However, the won weakened and government bond yields edged higher.
Japan's Nikkei surges nearly 3% as AI stocks extend rebound; SoftBank jumps 14%
Japan's Nikkei index jumped nearly 3% on Tuesday as AI and semiconductor stocks recovered from Friday's sharp selloff. SoftBank Group surged over 14%, leading the tech-driven rally alongside chip equipment makers, despite overnight losses in Nvidia shares and cautious sentiment near key resistance levels.
Go beyond Dhan Lakshmi
As workplace celebrations approach, the focus often remains on Dhana Lakshmi and neglects Ashtalakshmi's broader teachings. The eight forms of Lakshmi encompass various aspects of wealth, including spiritual and inner wealth. Courage, leadership, and knowledge contribute to a fulfilling work environment beyond monetary measures. True wealth is recognized in a team's collaboration and support for one another. Embracing all eight forms fosters holistic prosperity in the workplace.
India's 10-year bond posts best week in 7 years, leads emerging Asia as oil slides
This week, Indian government bonds saw a remarkable performance, outpacing other Asian markets as benchmark yields dropped significantly. Following the Democratic win in the US midterms, crude prices fell sharply, enticing foreign investors back to purchase a significant volume of Indian bonds. This shift alleviates pressure on the Reserve Bank of India to maintain elevated yields, contributing to a positive outlook for Indian debt moving forward.
Indian rupee strengthens past 94/$ as oil slides, foreign inflows return
The Indian rupee strengthened past 94 per dollar after regaining appeal among emerging-market currencies recently. Significant foreign inflows into Indian equities and a sharp fall in oil prices are key factors. Analysts suggest India's equity markets may attract global investments as concerns about AI infrastructure spending grow. The Reserve Bank of India announced measures to support the rupee against maintaining fluctuations.
KOSPI plunges 4% as Samsung, SK Hynix shares slide
South Korea's KOSPI plunged over 4%, with Samsung Electronics and SK Hynix leading losses as semiconductor stocks tracked a sell-off in US technology shares. Concerns over tighter AI regulations and a potential slowdown in investment weighed on sentiment, triggering a sidecar trading curb after the index fell over 5%.
Indian bonds rally most since April as oil slides after US midterm verdict
Indian government bonds experienced a significant rally influenced by falling oil prices after the US midterm elections. The benchmark bond yield dropped notably, reflecting a three-day decline in yields. Brent crude oil prices decreased, easing inflation and fiscal pressures on India. The Reserve Bank of India anticipates inflation will peak this quarter, supporting future bond market performance.
Gold gains 3% as dollar slides after Democratic midterm gains
On Wednesday, gold prices surged by 3%, reaching impressive new levels following the midterm elections, during which Democrats secured control of both the Senate and House. This political transformation, combined with a weaker dollar, heightened gold and precious metals demand. Investors are keenly watching for the upcoming US non-farm payrolls report, as rising interest rates and ongoing fiscal risk concerns continue to influence market sentiment.
Oil slide, Treasury strength boost Indian bonds
Indian government bonds experienced an increase due to a significant decline in crude oil prices. A Democratic sweep in the US midterm elections raised hopes for peace in the Middle East. Traders responded positively, adding positions in government bonds as yields softened. Concerns about inflation risks diminished as investors anticipated a delay in interest rate hikes. Market dynamics indicate that Qatar-led mediation efforts are being monitored closely amid these developments.
Why is the US stock market split as Americans vote in the 2026 midterm elections today? Dow falls as S&P 500 and Nasdaq rise; Apple, Nvidia, and AMD in focus - gold and silver dip
US stock market today: US stocks opened mixed on Tuesday as Americans voted in the midterm elections. Investors are also waiting for AMD’s earnings report after the closing bell. By 9:43 a.m. ET, the Nasdaq and S&P 500 were up, and the Dow was down. The Dow Jones Industrial Average fell 338.36 points, or 0.65%, to 51,645.62. The S&P 500 rose 20.31 points, or 0.27%, to 7,561.71. The Nasdaq gained 189.93 points, or 0.75%, to 25,354.30.
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