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TechnologyPhoto: ET TechShares of companies leading the AI boom remain top gainers globally this year but have recently dropped sharply. Investors are reevaluating the cost of capital due to rising interest rates and inflation, causing concern around credit default swaps in AI investments. This shift reflects broader market volatility impacting AI sector valuations.
ET Tech·
SportsPhoto: Hindu SportAlexios and Mahogany are expected to contest the finish of the Race2win Foundation Hyderabad Deccan Derby (Gr. 1) held on Sunday, October 4. The event is the highlight of the day's races, which also include the Delhi Race Club Trophy and Bangalore Turf Club Trophy with multiple horses competing in various categories and distances.
Hindu Sport··Hyderabad
PoliticsPhoto: NDTV BusinessThe Directorate of Revenue Intelligence (DRI) seized 6.28 kg of foreign-origin gold valued at Rs 9.18 crore at the Air Cargo Complex in Thiruvananthapuram. The gold was smuggled using unaccompanied passenger baggage from Dubai, hidden inside hardware items like floor springs and metal locks. Three suspects involved in the smuggling network have been arrested.
NDTV Business··Thiruvananthapuram
WorldPhoto: TOI WorldIn Carmel, Indiana, two teenage brothers aged 15 and 14 heroically rescued a grandmother and her grandchildren from a pond after a pushchair fell into the water. The older brother dove in and revived a two-year-old boy who had lost consciousness. The brothers will be honored at the upcoming city council meeting for their bravery.
TOI World··Carmel
PoliticsPhoto: Hindu WorldA recent AP-NORC poll reveals that a strong majority of voters feel U.S. President Donald Trump is underperforming both domestically and internationally. The poll indicates widespread frustration and a clear desire for significant change in the upcoming midterm elections. Trump campaigned in Arizona and Montana ahead of these elections, but voters overwhelmingly seek new leadership in Washington.
Hindu World·
BusinessPhoto: Economic TimesHigh gas prices are driving inflation, causing increased costs across multiple sectors. Despite this, consumers continue spending, showing economic resilience. Retail sales have risen, especially at gas stations and restaurants. Economists warn that prolonged inflation could weaken consumer spending power. Low unemployment supports ongoing spending, but inflation may increase borrowing costs, posing future risks.
Economic Times·
ET Tech·
Photo: ET TechShares of companies leading the AI boom remain top gainers globally this year but have recently dropped sharply. Investors are reevaluating the cost of capital due to rising interest rates and inflation, causing concern around credit default swaps in AI investments. This shift reflects broader market volatility impacting AI sector valuations.
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