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BusinessMichael Burry has turned more bearish on AI stocks, favoring leveraged put options and anticipating an earlier burst of the AI bubble. He warns that weak AI revenue could lead to spending cuts, comparing current market conditions to the 1987 crash and the dotcom bubble. Burry highlights risks from excessive valuations and heavy AI investment.
ET Markets·4h ago
PoliticsIsraeli Prime Minister Benjamin Netanyahu met UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi on September 27, accompanied by senior security and political officials. The meeting emphasized the Israel-UAE partnership amid Middle East tensions involving Iran, Houthis, and Gaza. Experts highlighted its significance for regional security, diplomacy, the Abraham Accords, and India's strategic interests, including the India–Middle East–Europe Economic Corridor.
HT World·41m ago·Abu Dhabi
SportsOn Day 10 of the Asian Games, India won two gold medals, raising its total to 53. Neeru Dhanda set an Asian Games record by winning gold in women's trap shooting. The women's 4x400m relay team also secured gold, contributing to India's athletics success. India also earned several bronze medals across different events, highlighting its strong performance.
TOI Sports·37m ago
BusinessA Texas property developer demolished the Wood Residence, a historic mansion in Coral Gables, Florida, months after buying it for $36 million. Designed by Alfred Browning Parker, the estate lacked historic landmark status, allowing demolition without public hearings. Preservationists criticized regulatory loopholes amid rising land values driving luxury real estate changes in South Florida.
TOI World·47m ago·Coral Gables
EntertainmentThe third single from Rajinikanth's film 'Jailer 2', titled 'One Name', showcases the superstar's charisma and energy. Composed by Anirudh Ravichander, the track aims to connect deeply with fans. Following earlier releases, the audio launch of this much-anticipated song is eagerly awaited by the audience.
TOI Entertainment·19m ago
PoliticsFrench President Emmanuel Macron condemned Russia's 'dangerous escalation' following Estonia's accusation that Moscow orchestrated an arson attack on Milrem Robotics, an Estonian drone manufacturer, in August. Estonia's Prime Minister Kristen Michal said the attack was ordered by Russian security services as part of a wider campaign to intimidate Europe. Macron emphasized that Russia will not overcome European unity or determination to support Ukraine.
Firstpost World·33m ago·Tallinn
ET Markets·4h ago
Michael Burry has turned more bearish on AI stocks, favoring leveraged put options and anticipating an earlier burst of the AI bubble. He warns that weak AI revenue could lead to spending cuts, comparing current market conditions to the 1987 crash and the dotcom bubble. Burry highlights risks from excessive valuations and heavy AI investment.
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