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BusinessPhoto: HT Business

S&P 500 Stocks Mostly Below Record Highs Despite Index Peak

The S&P 500 recently hit a record closing high near 7,819 points, driven by AI-related investments and strong corporate earnings. However, 84% of its individual stocks are trading at least 10% below their own record highs, indicating market health concerns. This pattern echoes the 2000 crash when the S&P 500 fell 49%, suggesting the market may be nearing a turning point as growth is concentrated in a few companies.

HT Business·

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BusinessPhoto: News18Hi Business

Jio's EBITDA Reaches ₹76,000 Crore Ahead of IPO: Akash Ambani

Akash Ambani stated that Jio's EBITDA has reached ₹76,000 crore before its IPO. The company has maintained a growth rate of around 18% over the past three years. Jio's strategy focuses on customers, emphasizing affordable digital services, a goal it has successfully achieved since its inception by prioritizing low-cost data.

News18Hi Business·

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EntertainmentPhoto: TOI World

Isaiah Zagar's Philadelphia Magic Gardens Saved in 2004

Philadelphia's Magic Gardens, created by Isaiah Zagar, is a 3,000-square-foot mosaic maze made from found objects reflecting his artistic journey. In 2004, local advocates formed a nonprofit to save the site from demolition. Zagar continued adding imaginative tunnels and mosaics until his death in 2026, enriching this vibrant artistic landmark.

TOI World··Philadelphia

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BusinessPhoto: HT World

US Treasury Yields Fall as Investors Await Inflation Data

US Treasury yields declined on Thursday as investors sought safer assets amid economic uncertainty. The 10-year Treasury yield dropped below 5.11%, falling more than 8 basis points to 5.102%. The 30-year yield also fell by over 8 basis points to 5.439%, and the 2-year yield decreased by more than 5 basis points to 4.751%. Investors sold some tech stocks and moved funds into government bonds while awaiting inflation data to gauge the US economy's direction.

HT World·

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BusinessPhoto: Mint

Government Offers Startups Up to ₹50 Crore for New Drug Discovery

The Indian government has launched the Promotion of Research and Innovation in Pharma & MedTech scheme with a total budget of ₹5,000 crore. This includes ₹700 crore to establish Centers of Excellence at seven National Institutes of Pharmaceutical Education & Research and ₹4,200 crore to boost investments in research and development, offering startups up to ₹50 crore for new drug discovery.

Mint·

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PoliticsPhoto: The News Minute

Tamil Nadu Faces Political Row Over Rs 37 Per Unit Power Cost

Tamil Nadu's government decision to buy power at Rs 37 per unit, the highest ever in the state, has sparked political controversy. The Tamilaga Vettri Kazhagam government attributes the high cost to a 30% surge in peak power demand due to an extended summer caused by El Niño. Critics question planning and compare it to Andhra Pradesh's earlier measures to manage similar demand.

The News Minute··Tamil Nadu

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