The sell-off echoed the 1980 “Silver Thursday” collapse, as investors booked profits amid shifting global macroeconomic signals. The precious metals complex had its worst day since March 27, 1980, while gold and silver prices recorded their largest single-day decline in the Indian futures market on Friday. Silver futures dropped below ₹3 lakh a kg, while […]
Gold and silver prices in India tore through record highs Wednesday, tracking a ferocious global rally as escalating trade tensions between the US and Europe sent investors fleeing to safe-haven assets. The catalyst for the latest leg of the bullion super-cycle appears to be renewed geopolitical friction. (Reuters) On the Multi Commodity Exchange (MCX), gold […]
India’s stock market deepened its retreat today, capping a brutal two-day selloff that has erased nearly ₹10 lakh crore in investor wealth. The stock market is battling a perfect storm of geopolitical tensions, relentless foreign outflows, and pre-budget jitters hammered risk appetite. The benchmark S&P BSE Sensex has plunged over 1,000 points in two sessions, […]
A Reddit post by a resident of Panathur in east Bengaluru has sparked a debate on whether the tech city still offers ‘good’ and affordable housing options for IT professionals, as prices continue to climb across key tech corridors such as Whitefield, Varthur and Sarjapur Road. A Reddit post by an east Bengaluru resident has […]
The world’s best-performing stock is turning into a cautionary tale for investors chasing outsized returns from the artificial-intelligence boom. Semiconductor chips are seen on a circuit board of a computer in this representational image. RRP Semiconductor has rejected rumours about its supposed links to cricketer Sachin Tendulkar and to state-allotted land for chipmaking. (Reuters) A […]
India is drawing fresh attention from global fund managers looking to diversify equity investments in the coming year as worries over an AI bubble mount. With the AI frenzy fading and India’s stock valuations falling back near their five-year average after sharply trailing peers this year, the consumption-driven economy is back in favour. (Reuters) Aberdeen […]
Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea of an AI bubble, easing concerns that had spread across the wider technology sector. “There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang says. “From our vantage point, we see something very different.” (AFP) The world’s […]
Microsoft, Nvidia and Anthropic have formed an alliance, with Anthropic committing $30 billion to Azure for its Claude AI models. Dario Amodei, CEO and co-founder of Anthropic. (AP) The partnership details: 1. Anthropic to buy $30B of Azure compute capacity 2. Nvidia to invest $10 billion in Anthropic 3. Microsoft to invest $5 billion in […]
Bitcoin is in free fall—and traders are positioning for more pain. The Fed and AI bubble talk are two major headwinds for crypto and risk assets heading into the end of the year. (Reuters) The world’s largest cryptocurrency plunged below $91,500 Monday, deepening a selloff that’s erased all of its gains for the year. In […]
A hedge fund of Peter Thiel, the first outside investor in Facebook and leader of the “PayPal Mafia”, has sold off all its holdings in Nvidia Corp., amid rising concerns of an AI bubble. Peter Thiel, the first outside investor in Facebook and leader of the “PayPal Mafia”. (Reuters) Thiel Macro LLC offloaded its entire […]