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Get the appGetInvestors sold off technology stocks this week due to concerns about increased spending on artificial intelligence. This triggered a sell-off on Wall Street as market participants worried about the impact of AI investments on tech company valuations and future profits. The trend reflects growing caution among investors regarding the costs and returns of AI development.
Livemint·
TechnologyPhoto: HT WorldThe FBI has attributed the $6.3 billion cryptocurrency theft from Binance to North Korea's state-backed hacking group TraderTraitor. The attack, the largest crypto heist ever, occurred on Thursday and targeted the world's biggest crypto exchange. Binance replaced 90% of the stolen funds and will cover the rest. The FBI warned the hackers are converting assets into Ethereum and may use DeFi platforms to evade detection.
HT World·
PoliticsPhoto: News18 HindiA former police officer, along with Shankar Jasak, Gajanan Pawar, and two others, was arrested for robbing an SBI branch at gunpoint. Police recovered bags containing around 15 lakh rupees in cash and gold. During interrogation, the accused revealed details about the jail contacts and the entire robbery plan.
News18 Hindi·
SportsPhoto: HT SportsDuring the third qualifying session at the Mopar NHRA Las Vegas Nationals, Daniel Wilkerson's Funny Car suffered a catastrophic engine explosion, engulfing it in flames. Despite the massive fireball and the car's bodywork being blown apart, Wilkerson escaped without injury. He struggled to control the vehicle before it collided with the guard wall and stopped safely. Wilkerson described the intense heat and frightening experience inside the cockpit.
HT Sports··Las Vegas
SportsPhoto: NDTV BusinessIndia, led by Krunal Pandya, will face Bangladesh in the 11th/12th-place play-off of the Hong Kong Sixes 2026 on Sunday, November 1, at 7:10 a.m. IST. Both teams lost their Bowl semi-finals, with India losing all three matches so far. The match will take place at Mission Road Ground, Mong Kok, Hong Kong, deciding the 11th and 12th positions in the tournament.
NDTV Business··Mong Kok
BusinessPhoto: Amar BusinessThe central government has released funds to states for tax transfers. Additionally, cotton imports will be allowed duty-free until December 31. These measures aim to support state finances and ease cotton import costs through the end of the year.
Amar Business·
Livemint·
Investors sold off technology stocks this week due to concerns about increased spending on artificial intelligence. This triggered a sell-off on Wall Street as market participants worried about the impact of AI investments on tech company valuations and future profits. The trend reflects growing caution among investors regarding the costs and returns of AI development.
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