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Pro Kannada outfit meets Bengaluru airport firms, presses for higher local hiring
Kannada Rakshana Vedike held discussions to address local hiring concerns with companies at Kempegowda International Airport. KRV president T.A. Narayana Gowda emphasised the need for fair employment opportunities for Kannadigas. Several organisations participated in the meeting and expressed commitment to increase local hiring. Chief Minister DK Shivakumar encouraged private employers to utilise Karnataka's talent pool more effectively. The organisation plans further outreach to enhance employment for locals in various sectors.
JPMorgan stock (JPM) slides as Democrats plan probe into Jeffrey Epstein ties: Could bank executives face Senate scrutiny?
JPMorgan stock (JPM) today: JPMorgan stock fell 4% on Thursday after a report said Senate Democrats are planning to investigate the bank’s past relationship with Jeffrey Epstein. The proposed probe could examine decisions made by senior executives, including wealth management chief Mary Erdoes, as other major bank stocks also declined.
SanDisk stock crash deepens: Why did SNDK fall 19% today, wiping out 36% in six trading days?
SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on China’s CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.
Karnataka: At IKEA store launch, Shivakumar seeks more jobs for Kannadigas
Chief Minister DK Shivakumar inaugurated IKEA's second store in Bengaluru, urging the company to prioritize local hiring. He emphasized the need for greater employment opportunities for Kannadigas within the private sector. Additionally, Shivakumar encouraged IKEA to strengthen ties with Karnataka's small and medium enterprises for sourcing furniture.
Fake US officials, forged court orders and gold pick-ups: How a Hyderabad call centre targeted nearly 2 million citizens and stole Rs 261 crore
The Enforcement Directorate has uncovered a fake call centre syndicate that allegedly defrauded US citizens of millions. Investigators arrested seven individuals involved in this international money laundering operation. The syndicate impersonated US federal officials and pressured victims to pay money through various channels. Seized evidence includes forged documents and the personal information of numerous US nationals. The investigation continues to identify additional participants and trace the flow of illegal funds.
Why did the Dow Jones jump 1,250 points today after Democrats won Congress while Tesla, SpaceX and AI stocks struggled? Will a Democratic Congress slow the AI boom?
Wall Street took the election result well on Wednesday, yet some names missed the rally. Democrats won Congress, and the Dow climbed 1,245 points, or 2.40% by 10:44 am ET. The S&P 500 rose 1.52% and the Nasdaq gained 1.82%. But Tesla, SpaceX and data centre stocks fell, as investors worry tighter rules may slow the AI boom.
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Texas and Georgia host the AI data-centre boom and both swung blue; AI cloud stocks fell and solar jumped up to 10% as the fight over who pays for power begins
Data centre stocks fall after Democrats win Congress, but solar shares jump 10% as US election results shake up energy outlook. Texas and Georgia are two important locations for the industry. Both elected Democratic candidates in the midterm elections. Democrats also made gains in traditionally Republican areas, including Kansas.
Green-debt fees hit nearly $3 billion, topping fossil fuels for fifth year
For the fifth consecutive year, leading global banks generated more revenue from green projects than fossil fuel financing. Data shows these banks earned approximately $3 billion from climate-related financing this year. Major players include Bank of China, BNP Paribas, and Deutsche Bank for green bonds. However, US banks dominated the fossil fuel financing deals, led by Wells Fargo and JPMorgan.
American companies brace for a pivot as US midterm elections get underway
US midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic showing could benefit sectors such as clean energy, housing and healthcare. Conversely, AI and defence stocks may face increased scrutiny from lawmakers.
Microsoft expects to raise $25 billion in US bond sale, source says
The world's largest tech firms have turned to selling bonds and raising equity over the past year to pay for their AI spending spree, a shift in approach for the Silicon Valley giants that have typically relied on their large coffers to fund investments.
Are banks open across the US on Halloween 2026? Hours, closures and what customers should check before going to nearest branch
Banks across the US will follow their regular Saturday schedules on Halloween, October 31, 2026. While some branches will open for limited hours, others will remain closed for the weekend. Customers should check local timings before visiting and plan important transfers early, as ACH payments may not settle until Monday, November 2.
US Market: Rising Treasury yields put US banks under pressure over bond losses
Rising US Treasury yields are deepening unrealised losses in American banks’ bond portfolios, forcing lenders to weigh immediate losses from selling securities against the capital and liquidity pressures of holding them.
US Market: AI boom could weaken dollar’s safe-haven appeal as foreign flows rise
The US dollar’s safe-haven status could face pressure if the AI investment boom unwinds, prompting foreign investors to pull back from American equities and corporate bonds. Weaker growth, lower interest rates and credit-market stress could amplify the risk.
The war bump is a false victory for S&P 500 profits
The commentary argues that strong S&P 500 earnings growth is narrowly concentrated in AI-linked companies and sectors benefiting from the Iran war, including energy, defence and materials. It warns that higher fuel prices, inflation and borrowing costs could weaken consumer demand, while heavy dependence on the AI boom leaves the market vulnerable if investment returns disappoint.
Rogue AI agents exposing India’s data law blindspots
As companies edge closer to the May 2027 enforcement deadline for the Digital Personal Data Protection (DPDP) law, AI’s emerging cybersecurity risks are creating tension over what might constitute adequate compliance just six to seven months from now.
AI stocks rebound as CoreWeave jumps on Goldman Sachs upgrade
AI stocks rebound after last week’s sharp selloff, with semiconductor stocks leading the recovery. CoreWeave gains after Goldman Sachs upgrades the stock to buy, while Intel, Nvidia, AMD and Broadcom also rise. Investors now turn to upcoming technology earnings for clues on AI spending, valuations, debt and interest rates.
US Treasury yields nudge higher as AI fears ebb
US Treasury yields experienced a rise alongside a boost in equities, particularly driven by AI stocks, which has mitigated earlier anxieties among investors. The 10-year Treasury yield saw a modest rebound after a steep decline, indicating a shift in market mood. Moreover, oil prices declined, easing inflation fears related to global tensions.
In 1897, gold discoveries helped establish Ballarat near Death Valley, and its population reached 400 by 1898; today, adobe ruins remain after the mining boom faded
Ballarat, founded in 1897 in the notorious Death Valley of California, flourished as a mining hub following the gold rush in the nearby Panamint Mountains. Once boasting a vibrant community of around 400, it was home to saloons, hotels, and essential services for miners. Sadly, as key mines closed, the town's population dwindled, and by 1917, the post office's closure signified its decline into obscurity.
US Stock Market today: Why are S&P 500, Dow Jones, Nasdaq, Russell 2000 down? Latest updates on Wall Street stocks, US Bonds, treasury yields
Wall Street indexes S&P 500, Dow Jones, Nasdaq, Russell 2000 had rough trading day as several stocks fell, weighing on key sectors.
Global Market Today: Asian stocks rise on Fed rate signal, oil gains
MSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August on Tuesday. Earlier, the S&P 500 pared earlier losses to close little changed after New York Fed President John Williams said he continued to see one more rate hike as appropriate this year but no need for further tightening in 2027. Pressure on tech stocks eased and Microsoft Corp. rose to a record.
US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs. The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector. Despite the turbulence, analysts express optimism about future earnings linked to AI-driven innovations.
US stocks | US market edges lower amid chip weakness, mixed bank earnings
US stocks experienced a decline as chip stocks faced selling pressure and banks reported mixed earnings. The Dow Jones Industrial Average fell slightly, led by losses in healthcare and financial sectors. Notable stocks include Johnson & Johnson, Wells Fargo, and JPMorgan Chase, which experienced significant movements. Bumble surged after announcing a takeover, while Domino's Pizza lowered its sales outlook.
US banks post strong profits, but inflation and rate risks cloud outlook
Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results.
US stocks: Citi profit jumps 40% with higher investment banking, services and wealth revenue
Citigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some declines in other areas. Trading revenue took a hit, influenced by unstable market conditions, while investment banking saw a modest 9% year-on-year increase but fell substantially from the last quarter. Credit card profits faced declines due to heightened costs and loan loss provisions. Citi is wrapping up a multi-year restructuring as it aims for renewed growth.
US Stock Market prediction for Tuesday: S&P 500, Nasdaq set for volatile trading at Wall Street, Dow Jones, Russell 2000 steady, Nvidia, AMD, Marvell, Micron Technology, Sandisk, JPMorgan Chase, Wells Fargo, Johnson & Johnson shares under scanner
US Stock Market: Nvidia shed 1 per cent while AMD and Marvell Technology eased 1.5 per cent and 2.6 per cent, respectively.
Global semiconductor stocks sell-off over AI boom worries pulls Asian shares lower
Global equities showed mixed performance, with Asian markets notably declining due to major setbacks in semiconductor stocks. A steep fall in South Korea's Kospi index raised alarms for investors worried about competition from the Chinese behemoth CXMT. Japan faced a downturn as key players like Tokyo Electron and SoftBank struggled.
Global Market Today: Asian shares slide as chip stocks tumble; investors eye US earnings, CPI
The MSCI Asia Pacific Index declined 0.3% with equities in South Korea slipping over 3%. That came after a US gauge of chipmakers fell 2.7% Monday, while the Nasdaq 100 Index lost 0.7%.
US bank stocks near correction as earnings loom, consumer outlook in focus
US bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on consumer resilience amid elevated borrowing costs and rising Treasury yields. While trading revenue is expected to remain strong, analysts are divided on the outlook, weighing potential relief rallies against macroeconomic risks and growing concerns over credit affordability.
US Stock market on Columbus day predictions: S&P 500, Dow Jones, Nasdaq, Russell 2000 investors eye tricky Monday on Indigenous Peoples' Day. Nvidia, Apple, Micron, AMD, Tesla other stocks to watch out today
Stock market on Columbus day: Earnings season begins on Tuesday, with major US banks including Wells Fargo, Goldman Sachs, Citigroup and JPMorgan Chase scheduled to report first.
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