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BusinessPhoto: ET Markets

Chip Selloff Deepens Wall Street Losses Amid AI Return Doubts

A major selloff in semiconductor stocks led to declines in key US indexes, with the Nasdaq 100 falling 1.8%, marking its longest losing streak since 2008. Investors are increasingly concerned about whether AI infrastructure investments will generate profitable returns despite strong chip demand. Federal Reserve Chairman Kevin Warsh remained neutral on interest rates during IMF discussions.

ET Markets·

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BusinessPhoto: Mint Markets

Foreign Holdings of US Treasuries Rise in August Led by Canada and Belgium

Foreign holdings of US Treasuries increased by over $83 billion in August from July, reaching $9.33 trillion. This rise was driven by Canada and Belgium, while Japan's holdings fell by $36 billion to $1.1 trillion, the lowest since December 2024, amid currency market interventions. Mainland China’s holdings also dropped by $27 billion to an 18-year low of $591 billion, according to Treasury Department data.

Mint Markets·

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PoliticsPhoto: News18 World

Trump Says Saudi Arabia May Accept Israeli Help Against Houthis

US President Donald Trump stated that Saudi Arabia may accept Israeli assistance to combat Yemen’s Iran-backed Houthi rebels amid escalating attacks on Saudi targets. Trump expressed confidence that Saudi Crown Prince Mohammed bin Salman would agree to the cooperation. He also suggested Saudi Arabia might soon join the Abraham Accords, formalizing ties with Israel, as Riyadh values Israel’s support.

News18 World·

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PoliticsPhoto: Deccan Herald

India-US Relations Face Challenges Amid Strategic Autonomy

India maintains strategic autonomy by engaging the US, managing China, cultivating Europe, reassuring Russia, and partnering with Japan. The visit of US Secretary of State Marco Rubio to Mumbai and Jamnagar will test India’s multi-alignment in a multipolar world and highlight corporate interests in bilateral ties. Despite decades of positive relations, tensions have risen over US demands for a formal alliance, trade disputes, sanctions threats, and visa restrictions affecting Indian professionals.

Deccan Herald·

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SciencePhoto: Deccan Herald

Indian Astronomers Detect Hydrogen Signals from Billion-Year-Old Galaxies

Indian astronomers have detected radio signals from atomic hydrogen in galaxies that existed 8-9 billion years ago, addressing why star formation declined sharply after peaking around eight billion years ago. Using the Giant Metrewave Radio Telescope, they aim to measure atomic hydrogen, the primary fuel for star formation, to better understand galaxy evolution over time.

Deccan Herald··Pune

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PoliticsPhoto: Hindu World

U.S. Midterms Test Trump’s Leadership and India Relations

The U.S. midterm elections on November 3, 2026, will test President Donald Trump's leadership and congressional control. Although Trump is not on the ballot, the elections are seen as a referendum on his presidency. The outcome will also impact the future of U.S.-India relations. Unlike India, U.S. elections are managed primarily by states, not a central commission.

Hindu World·

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